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Oil prices edges lower; China stimulus, Trump repercussions in focusvictory
Oil prices slipped Thursday, continuing the previous session's weakness on the
back of a strong dollar and lower crude imports in China.
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AMD shares slump as forecast disappoints AI-focused investors
Advanced Micro Devices (NASDAQ:AMD) shares fell 8% on Wednesday after the chip
company's revenue forecast failed to impress investors looking for a bigger
windfall from the AI boom.
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Oil prices rise, recoup some losses on signs of US inventory draw
Oil prices rose in Asian trade on Wednesday, recouping a measure of recent
losses as industry data showed an unexpected draw in U.S. inventories, while the
Middle East conflict remained in focus.
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UBS weighs in on Japanese stock, yen positioning after elections
Japanese stocks rallied, while the yen weakened after Japan’s ruling coalition
lost its parliamentary majority in a recent election, with UBS flagging
increased near-term volatility in local markets.
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AMD revenue forecast and AI chip sales fails to impress Wall Street
Advanced Micro Devices on Tuesday forecast fourth-quarter revenue just shy of
estimates and raised its artificial intelligence chip sales forecast to $5
billion for 2025 - not enough to impress investors.
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Dollar peaks against yen ahead of US election and economic data
The dollar hit three-month highs against the yen on Tuesday, but was little
changed on the day against most major currencies as traders bided their time
ahead of next week's U.S. election and a slew of incoming economic data.
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Apple set for biggest revenue jump in two years on iPhone demand in China
Apple (NASDAQ:AAPL) is expected to report its biggest quarterly revenue jump in
two years on Thursday, with iPhone demand faring better than recent years toward
the end of the company's annual release cycle, especially in China.
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