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Gold rises as speculation of Yen intervention weighs on the US Dollar
Gold (XAU/USD) price rises over 1% on Wednesday as the Greenback softens amid speculation of an intervention to bolster the Japanese Yen (JPY), while US Treasury yields hold firm after weak US jobs data. At the time of writing, the XAU/USD pair trades at $4,373.
Fxstreet
Wed, Sep 2
Cryptocurrencies
AI startup Wonderful doubles valuation to $5 billion in latest funding round
Wonderful, an Israeli-Dutch enterprise AI startup, closed a $550 million Series C funding round on September 2 at a $5 billion valuation, more than double the $2 billion it was worth when it raised its Series B in March. Capital seems to be flowing quickly to startups that are selling the plumbing for large companies...Cryptopolitan
Wed, Sep 2
Cryptocurrencies
How would a space war between the US and China go?
If the USA and China were to ever battle over the nation of Taiwan, that battle may not begin on Earth. Rather, it may start in space, as US defense officials have stated that they expect a domain war with Beijing to begin there. Pentagon assessments point to China’s already developed, tested, and rehearsed weaponry...Cryptopolitan
Wed, Sep 2
Market Movers
CNH Industrial NV Stock (CNH) Moved Up by 8.12% on Sep 2: Key Drivers Unveiled
• Management signaled full-year financial performance tracking toward upper guidance range. • Robert W. Baird upgraded CNH from Neutral to Outperform. • Latest annual revenue is $18.09B with a net profit of $510.00M.
TradingKey
Wed, Sep 2
Market Movers
Constellation Energy Corp Stock (CEG) Moved Up by 3.17% on Sep 2: What Investors Need To Know
• Constellation Energy raised full-year guidance driven by strong clean power demand. • The company reported $25.53 billion in annual revenue and $2.32 billion in net profit. • Analysts maintain Buy ratings with an average price target of $347.18.
TradingKey
Wed, Sep 2
Market Movers
Hecla Mining Co Stock (HL) Moved Up by 7.09% on Sep 2: Facts Behind the Movement
• Precious metals market rebounds and macroeconomic catalysts drove Hecla's share price higher. • Strong operational metrics and zero long-term debt supported opportunistic dip-buying. • Analysts issued Buy ratings with an average price target of $23.40.
Market Movers
IREN Ltd Stock (IREN) Moved Up by 7.14% on Sep 2: Key Drivers Unveiled
• IREN shares rose due to its strategic pivot toward AI cloud infrastructure. • Multi-year enterprise contracts and GPU financing facilities successfully derisk forward revenue visibility. • The company reported annual revenue of $707.01M and a net loss of $702.62M.
TradingKey
Wed, Sep 2
Market Movers
ING Groep NV Stock (ING) Moved Up by 3.02% on Sep 2: Drivers Behind the Movement
• Morgan Stanley upgraded ING Groep from Equal Weight to Overweight. • ING advanced past two-thirds completion of its share buyback program. • Second-quarter net profit and earnings per share exceeded consensus estimates.
TradingKey
Wed, Sep 2
Cryptocurrencies
Coinbase bets on Canada crypto market with derivative contracts launch
Eligible Canadian investors can now access regulated derivative contracts on crypto exchange Coinbase. The company made the announcement on September 2, stating that traders now have a domestic CFTC-registered venue for crypto futures for the first time in the country. The company stated that the rollout runs through Coinbase Financial Markets (CFM), a futures commission...Cryptopolitan
Wed, Sep 2
Economic Indicator
South Korean Won: Strong exports and BoK stance back gradual KRW gains – Commerzbank
Commerzbank highlights that South Korea’s export boom and a large trade surplus, combined with a hawkish Bank of Korea, are supportive for the Korean Won. They argue that changing FX flow dynamics should allow more of the surplus to translate into KRW strength.Fxstreet
Wed, Sep 2
Cryptocurrencies
Google avoids break up of ad tech business in US lawsuit
A US federal judge declined to force Google to sell its online advertising exchange on Wednesday, sparing the company the harshest penalty the Justice Department had wanted and giving Alphabet a decisive win in a case it had already lost per merits. Google gets to keep AdX U.S. District Judge Leonie Brinkema, sitting in Alexandria,...Cryptopolitan
Wed, Sep 2
Economic Indicator
Fed’s Beige Book shows modest growth as prices rise
The Federal Reserve released its Beige Book, in which the US central bank revealed that economic activity increased modestly since early July, while overall employment rose slightly. Regarding inflation, prices rose in eight districts.Fxstreet
Wed, Sep 2
Market Movers
Oracle Corp Stock (ORCL) Moved Up by 3.25% on Sep 2: What Signal Does It Send?
• Oracle shares rose amid analyst optimism regarding its AI data center expansion. • Strong remaining performance obligations and cloud growth supported positive market sentiment. • Technical indicators show a neutral MACD of minus zero point one four eight.
TradingKey
Wed, Sep 2
Market Movers
Charter Communications Inc Stock (CHTR) Moved Up by 7.50% on Sep 2: A Full Analysis
• Charter rebounded quickly after management reaffirmed financial guidance despite the CFO's departure. • Investors accumulated discounted shares driven by historically compressed valuation multiples and strong fundamentals. • Technical indicators show neutral momentum while market sentiment remains in an extremely bearish zone.
TradingKey
Wed, Sep 2
Market Movers
Sibanye Stillwater Ltd Stock (SBSW) Moved Up by 7.20% on Sep 2: What Investors Need To Know
• Sibanye Stillwater reported record revenue and doubled adjusted EBITDA. • Free cash flow generation enabled significant debt reduction and dividends. • Leadership approved development of the Burnstone and Mt Lyell projects.
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