Brent crude oil price pulled back today, September 11, as traders started booking profits after the recent rally. It also retreated ahead of a potential meeting between Iran and Gulf countries. It was trading at $104, down modestly from this week’s high of $109.85. Iran and Gulf countries meeting Brent and West Texas Intermediate benchmarks
Oracle shares rose 6% in premarket trading on Friday after stronger-than-expected quarterly results and an upbeat outlook helped ease investor concerns over the cloud computing company’s debt-funded artificial intelligence spending. The enterprise software giant reported first-quarter revenue of $19.35 billion, ahead of the $19.14 billion consensus estimate from LSEG. Net income reached $4.7 billion, up
The situation continues to deteriorate for TripAdvisor’s stock. It fell to a record low of $8.82 on Thursday, extending a downward trend that started in 2014, when shares peaked at $98.80. Most notably, the current price is far below the $17.50 that a mystery buyer, speculated to be Apollo, had offered for the company. TripAdvisor’s
The US Consumer Price Index rose 0.4% in August, accelerating from a 0.1% increase in July and adding to pressure on the Federal Reserve to tighten monetary policy at its meeting later this month. The increase in headline CPI was in line with the Dow Jones consensus forecast. Prices were also 3.4% higher in August
Enbridge stock has suffered a sharp drop this week, falling to its lowest level since February, following some notable company announcements. Its US-listed shares have now declined for seven straight weeks and are down 16.50% from their high for the year. So, is it safe to buy the dip? Why Enbridge stock has slumped Enbridge
US stocks rose Friday as investors looked to recover from four consecutive sessions of declines, with easing oil prices helping sentiment. The Dow Jones Industrial Average rose 520 points, or 1%, while the S&P 500 gained 0.9% and the Nasdaq Composite advanced 0.8%. The rebound came after the major averages posted four straight daily declines.
Apple Inc (AAPL) officially entered the foldable market today, taking direct aim at rival designs. Addressing attendees at the flagship Cupertino launch event, newly installed CEO John Ternus emphasized that modern smartphones require expansive visual space to keep up with user demands. “For a device that plays such a central role in your life, a
Advanced Micro Devices (AMD) shares rose on Wednesday after Chief Financial Officer Jean Hu outlined an expanding artificial intelligence opportunity and said the company expects its data center business to double in 2027. The bullish outlook has also prompted analysts to raise their price targets, while Bank of America data showed increasing institutional ownership of
Apple unveiled its iPhone 18 Pro models and foldable iPhone Duo as part of its annual product launch, with the new devices carrying higher prices. Brent crude prices climbed above $100 a barrel as renewed Middle East hostilities heightened concerns about energy supplies and inflation. Bitcoin struggled below $80,000 as rising oil prices and a
US stocks fell for a third straight session on Wednesday as rising oil prices and Treasury yields added to investor concerns over inflation and the Federal Reserve’s interest-rate path. The Dow Jones Industrial Average dropped 405.41 points, or 0.77%, to 52,380.66. The S&P 500 fell 0.48% to 7,636.36, while the Nasdaq Composite declined 0.64% to