Latest News
3D Systems Tops Q4 Forecasts, but Bleak Q1 Outlook Raises Doubts
3D Systems reported Q4 revenue of $106.3M, exceeding its forecast, though full-year sales fell 12%. The company anticipates a revenue decline and continued losses for the current quarter.
Aureus Greenway to Acquire Powerus in Strategic Drone Shift, Secures $9M Funding
Aureus Greenway Holdings has entered into an agreement to purchase autonomous systems manufacturer Powerus via an all-stock transaction, aiming to take the combined entity public on the Nasdaq. The deal includes a $9 million private placement and a $50 million investment commitment from South Korea's KCGI.
Markets Brace for Inflation Data as Oil Surge Dents Rate Cut Hopes
U.S. equity futures declined sharply Monday amid surging oil prices and weak jobs data, pushing back expectations for Federal Reserve rate cuts. Investors await critical inflation reports due this week.
TSX Set for Lower Open as Oil Spike Sparks Inflation, Recession Fears
Canada's main stock index is poised for a lower open Monday, with futures down 0.92%, after a surge in oil prices to multi-year highs intensified inflation and recession concerns, pressuring financial and mining sectors.
Silver Retreats as Dollar Gains, Oil Spike Delay Rate Cut Bets
Spot silver declined 0.3% to $84.07 per ounce, paring deeper losses, as a strong dollar and soaring oil prices above $119 rattled markets and delayed expectations for U.S. rate cuts.
Gold Retreats as Oil Spike Fuels Dollar Rally, Rate Cut Doubts
Spot gold declined 1.2% to $5,109.39 per ounce Monday as a sharp rally in oil prices and a stronger U.S. dollar revived inflation concerns, reducing expectations for imminent Federal Reserve interest rate cuts.
Hims & Hers Shares Jump on Novo Nordisk Partnership Revival
Hims & Hers Health shares surged in premarket trading Monday following reports that Novo Nordisk will resume selling its weight-loss drugs through the telehealth platform. The move marks a reversal from a patent dispute last month.
Bitcoin Stabilizes Near $68K Amid Oil Price Surge and ETF Outflows
Bitcoin steadied around $67,954, recovering from a dip to $65,688, while U.S. spot Bitcoin ETFs saw significant net outflows. The rally in oil prices above $119 a barrel has heightened inflation concerns, dampening expectations for near-term Federal Reserve rate cuts.
Middle East Conflict Sparks Historic Oil Price Surge, Strains Global Supply
Oil prices surged dramatically on Monday, with Brent crude briefly exceeding $119 per barrel, following supply disruptions in the Middle East linked to regional conflict. Governments and companies scrambled to respond to the market shock.
