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Albemarle Idles Australian Lithium Plant Amid Price Pressure
Albemarle shares dropped sharply after idling its Kemerton lithium processing unit in Australia. China's battery-grade lithium carbonate prices rose slightly, but spot trading remained sluggish.
IEA Trims Oil Demand Outlook, Sending Prices Lower
Crude oil prices dropped sharply Thursday following a reduced demand forecast from the International Energy Agency and a large build in U.S. stockpiles.
Oil Prices Retreat as IEA Trims Demand Outlook, Inventories Swell
Brent crude prices declined sharply following a reduced demand-growth projection from the IEA and a larger-than-expected build in U.S. crude inventories. Traders are now watching OPEC+ policy moves.
Bitcoin Retreats Below $66K Amid ETF Outflows and Platform Concerns
Bitcoin declined below $66,000 Thursday, pressured by significant outflows from U.S. spot ETFs and a withdrawal freeze at crypto firm BlockFills.
FTSE 100 Retreats from Record High on Weak UK Growth Data
The FTSE 100 closed lower after touching a record intraday high, pressured by disappointing UK economic figures. Schroders shares soared following a major takeover offer from US asset manager Nuveen.
Silver Plunges 9% Ahead of Key Inflation Data
Silver prices dropped sharply on Thursday, with spot metal falling 9.4% as markets positioned for upcoming U.S. inflation data that could influence Federal Reserve policy.
Mortgage Rates Hold Near 6% as Housing Data Dampens Sentiment
Mortgage rates held steady above 6% this week as the housing market shows signs of strain, with existing-home sales declining sharply. Rocket Companies shares fell amid the cautious sentiment.
Lilly Gains on China IBD Drug Approval, Oral GLP-1 Race Heats Up
Eli Lilly shares advanced nearly 2% after securing Chinese approval for its inflammatory bowel disease drug mirikizumab. Investors also await a key U.S. decision on the company's oral weight-loss pill expected in April.
Cloudflare Stock Consolidates Near $189 Following Strong Earnings, AI Outlook in Focus
Cloudflare shares held steady near $189 after a post-earnings surge, with investors weighing its AI-driven growth forecast against upcoming U.S. inflation data.
Caterpillar Gains as Argus Boosts Target to $820, Insider Sale Notice Filed
Caterpillar shares advanced 0.6% following a prior surge after Argus Research raised its price target to $820. An insider filed to potentially sell shares worth approximately $9.6 million.