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Valuation Concerns Emerge for PetroChina and Agnico Eagle After Major Rallies
PetroChina and Agnico Eagle Mines show signs of being overvalued after significant multi-year gains, according to discounted cash flow analyses. Meanwhile, Asian equity markets traded unevenly as oil prices retreated.
CrowdStrike Shares Surge on Strong Long-Term Revenue Outlook
CrowdStrike Holdings saw its stock climb 4.5% following an optimistic fiscal 2027 revenue projection that exceeded analyst expectations. The cybersecurity firm reported robust quarterly growth and expanding annual recurring revenue.
Visa Expands Global Stablecoin Card Rollout via Stripe's Bridge
Visa is expanding its partnership with Stripe's Bridge platform to offer stablecoin-linked payment cards in more than 100 nations by year-end. The initiative includes on-chain settlement pilots with Lead Bank.
Salesforce Executives Address Internal Tensions Amid AI Transition
Salesforce executives addressed employee concerns following CEO Marc Benioff's controversial comments, as the company balances internal culture issues with its aggressive AI transformation. Shares gained 4.3% despite broader market weakness.
Robinhood Unveils $695 Platinum Card in Premium Finance Push
Robinhood Markets has introduced a premium Platinum credit card with a $695 annual fee, targeting high-income clients. The move is part of a broader strategy to become a family financial superapp.
Walmart's PhonePe Aims for $10.5B IPO as Major Investors Plan Exits
PhonePe, Walmart's Indian payments subsidiary, is preparing for an initial public offering that could value the company between $9 billion and $10.5 billion. The offering will involve existing shareholders selling stakes worth up to $1.05 billion.
Bitcoin Retreats from $73.5K as Macro Headwinds, Regulatory Uncertainty Mount
Bitcoin retreated from a $73,514 peak to $71,178, a 2.8% decline, amid a stronger dollar and rising oil prices. Market focus shifts to Friday's U.S. jobs report and upcoming inflation data.
Silver Retreats as Dollar, Yields Climb Ahead of Key Jobs Data
Silver prices declined on Thursday, with the metal and related equities pressured by a stronger U.S. dollar and rising Treasury yields. Traders await Friday's U.S. employment report for direction.
Pakistan Rejects JPMorgan's Roosevelt Hotel Bid, Opts for Joint Venture
Pakistan has declined JPMorgan Chase's bid to purchase the Roosevelt Hotel in New York. The government plans to seek a redevelopment partner but will maintain a stake in the property.
Intel Under Fire From Senators Over Chinese-Linked Supplier Tests
Intel faces a bipartisan Senate inquiry over its testing of equipment from ACM Research, a firm with significant Chinese ties and clients on U.S. sanctions lists. The scrutiny comes as Intel weighs opening its advanced 18A manufacturing process to external customers.
Gold Retreats on Rising Yields, Dollar Strength; Markets Eye Jobs Data
Gold prices declined 1.2% to $5,076.59 per ounce as rising U.S. Treasury yields and a firmer dollar pressured the metal. The SPDR Gold Shares ETF (GLD) dropped 1.18%.
Pentagon's AI Model Ban Forces Palantir to Overhaul Key Defense Software
The Pentagon has ordered defense contractors to sever ties with AI firm Anthropic, forcing Palantir to rebuild its Maven Smart Systems software, which currently relies on Anthropic's Claude model. The directive, citing supply chain risks, could affect contracts valued above $1 billion.