US equities are set to reach fresh record highs next year, supported by stronger corporate earnings, broadening artificial intelligence adoption, and resilient economic growth, according to Goldman Sachs strategists. The outlook adds to a growing consensus among major financial institutions that the ongoing market rally still has room to run.AI-driven…
US-listed cannabis stocks saw sharp premarket gains on Friday after fresh reporting pointed to a possible change in federal marijuana policy under President Donald Trump. The development revived investor focus on regulatory risk, funding constraints, and the industry’s long-stalled growth prospects.An article published by the Washington Post said Trump is…
Gold prices hit a seven-week high on Friday due to a soft dollar and rising safe-haven demand.Meanwhile, silver continued to hit record highs as the price inched up to $64 per ounce for the first time ever.Oil prices were largely flat after spending most of the day in the red…
The US seizure of a Venezuelan oil tanker this week could worsen Cuba’s already shaky energy situation. The Communist-run island is beset by persistent fuel shortages, causing rolling blackouts that linger for hours every day.Cuba mostly depends on Venezuelan crude and refined merchandise to sustain its precarious electrical grid. A lot of…
Shares of Fermi plunged 40% on Friday after the data-center real estate investment company disclosed that a prospective anchor tenant had terminated a funding agreement tied to its marquee Texas project. The decision, affecting a commitment of up to $150 million for construction of Project Matador, marks the sharpest setback…
Rivian Automotive Inc (NASDAQ: RIVN) rallied more than 15% today after the electric vehicles (EV) specialist showcased bold plans to accelerate its push into autonomous driving.At its inaugural “Autonomy & AI Day”, the company unveiled a proprietary autonomy processor, a full artificial intelligence (AI) driving stack, and a self-driving subscription…
Like a thrilling corporate drama, the battle for Warner Bros Discovery acquired a sensational new subplot last week when, not willing to let go, Paramount Skydance made a comeback with a $108.4 billion all-cash hostile bid for the studio powerhouse, just days after WBD had sealed a deal with Netflix.…
Apple Inc. (NASDAQ: AAPL) faces frequent criticism for lagging in artificial intelligence innovation compared to aggressive moves by Microsoft, Google, and Meta.However, 2026 will finally mark the giant’s entry into an “AI revolution”, argues Wedbush’s senior analyst, Dan Ives.Ives maintained his “outperform” rating on AAPL shares this week, raising his…
The Dow Jones Industrial Average climbed to another record on Friday as investors continued to rotate out of technology shares and into value-oriented sectors. The 30-stock index gained 114 points, or 0.2%, while the S&P 500 slipped 0.1% and the Nasdaq Composite declined 0.3%.Broadcom fell 6% despite beating fourth-quarter expectations…
Broadcom stock (NASDAQ: AVGO) plummeted nearly 9% on Friday after the chipmaker warned that surging AI revenue would carry lower profit margins.The development disappointed investors who had been betting on the company’s transition into custom chips for hyperscalers.Friday’s sell-off came despite the company beating Wall Street estimates with fiscal Q4…