Netflix shares NFLX fell 3.5% in premarket trading on Friday after the streaming company announced a leadership change aimed at strengthening its film and television programming amid slowing viewer engagement and increased competition. The company said former Disney and Fox executive Peter Rice would become its chief content officer on October 26, replacing Bela Bajaria,
Samsung Electronics and SK Hynix stocks plunged on Thursday as investors shifted focus from chip supply to the customers financing the artificial intelligence boom. Samsung fell 9.3% and SK Hynix 11% in Seoul, helping push the KOSPI down more than 7%. The rout followed a bruising Wall Street session in which hotter US inflation and
Gold prices slid to session lows on Wednesday as hotter-than-expected US inflation data strengthened concerns that interest rates could rise in December, putting bullion under pressure. Gold dropped below $4100 after the news and was trading around $4098 an ounce with a decline of over 1.5% at the time of writing. The September consumer price
Micron Technology MU and SK Hynix shares traded lower on Monday as investors assessed the competitive implications of progress by China’s ChangXin Memory Technologies (CXMT) in developing a new memory-chip design that can store more data. Broader weakness in technology shares added to the selling pressure as oil prices climbed to their highest levels in
Amazon is in talks to acquire Decart, a fast-growing artificial intelligence (AI) company. According to the WSJ, Amazon is planning to buy the company in a $7 billion deal, marking a big jump from its last funding round in May, which valued it at $4 billion. Neither side has confirmed the deal, and according to
Crude oil price held steady on Friday, with Brent ending the week at $104.5 and the West Texas Intermediate (WTI) hitting $93. Brent has jumped by nearly 10% from its lowest level this month, and this recovery may continue as the Middle East erupts. Houthi and Saudi Arabia crisis escalates Crude oil prices reacted mildly
Gold crossed the $4,200-an-ounce mark briefly on Friday before giving up some gains, while silver climbed above $60 as easing Treasury yields and a retreat in oil prices supported precious metals. Spot gold was trading around $4,195 an ounce, up more than 1.5% on Friday, while December gold futures traded near $4,220 with a similar
Gold prices rose in early trading Thursday while silver declined sharply as oil prices climbed and Treasury yields remained near multi-decade highs, keeping inflation and interest-rate risks in focus. At the time of writing, spot gold was trading at $4128 an ounce, up around 0.40% on the day. Spot silver fell close to 1% and
US stocks ended higher on Tuesday, with the S&P 500 and Nasdaq Composite reaching record closing highs as technology stocks gained and Treasury yields eased from multi-year peaks. The S&P 500 rose 0.60% to 7,820.47, while the Nasdaq Composite gained 0.46% to 27,604.74. The Dow Jones Industrial Average advanced 0.49% to 51,531.57. Falling Treasury yields
The Nasdaq Composite reached a fresh all-time high on Monday as technology stocks advanced despite rising US Treasury yields and investors assessed new economic data. Gains in major technology and artificial intelligence-related stocks helped lift the index, while traders also looked ahead to the Federal Reserve’s September meeting minutes and the start of third-quarter earnings