Even as gold prices continue to hit new record highs every trading day, the rally might still have some legs, according to the World Gold Council. Gold hit a new high of $4,258.76 per ounce on Thursday. Its future trajectory hinges on investor reactions to tactical and fundamental elements. “In our view, comparisons to 1979
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18Dow futures rose nearly 150 points on Thursday, reflecting cautious optimism among investors following strong earnings from major banks. A similar pattern was visible across other Wall Street indices like the S&P, futures were up 0.1% and Nasdaq 100 futures increased 0.2% today. Amid increased uncertainty over escalating US-China trade tensions and government shutdown, the
18Micron Technology’s stock could see further upside, according to UBS, as the semiconductor market faces a widening supply-demand imbalance. The investment bank reiterated its “buy” rating on the chipmaker and raised its 12-month price target to $245 per share, up from $225. The new forecast implies a potential 28% rally from Micron’s Wednesday closing price
19Foxconn shares experienced a significant rise on Thursday after its Chairman confirmed the meetings with OpenAI, deepening its commitment to artificial intelligence by expanding collaborations. The company is signalling a strategic shift from traditional contract manufacturing to a pivotal role in AI hardware infrastructure. Following a high-profile meeting between Foxconn’s chairman, Young Liu, and OpenAI
20Top semiconductor ETFs have rallied in the past few years as the tailwinds in the AI industry continued. The VanEck Semiconductor ETF (SMH) jumped to a high of $348 this month, up by 100% from its lowest point in April. Similarly, the iShares Semiconductor ETF (SMH) rose to $292, also up by 95% from its
20Italian fashion house Giorgio Armani SpA has appointed long-time company executive Giuseppe Marsocci as its new chief executive officer following the death of founder Giorgio Armani, signaling continuity during a critical transition period. Marsocci, who previously served as Armani’s chief commercial officer, will assume his new role immediately, the company said in a statement on
16US stocks rose on Thursday as Big Tech gains offset concerns over trade tensions and the ongoing government shutdown. The S&P 500 climbed 0.3%, the Nasdaq Composite advanced 0.5%, and the Dow Jones Industrial Average gained 110 points, or 0.3%. Tech stocks led the rally. Nvidia shares rose 1.2%, while Broadcom jumped 2% after Taiwan
16Salesforce stock (NYSE: CRM) climbed over 6% in the pre-market trading on Thursday, amid optimistic forecasts for revenue growth and strategic initiatives. The surge on Thursday came after some optimistic forecasts around the revenue growth of the company, which eased investors’ concerns around Salesforce’s future outlook amid evolving AI technologies. This significant pre-market gain positions
17YouTube, YouTube Music, and YouTube TV services were disrupted between 15 and 16 October, with millions of users worldwide reporting problems watching videos on the platform. The outage affected streaming for several hours, leaving users unable to load or play content on any of YouTube’s major platforms. The issue, which drew widespread attention across social
14Charles Schwab reported stronger-than-expected third-quarter results on Thursday, showcasing robust client growth, higher revenue, and record total assets amid a buoyant stock market. The results underscore the wealth management giant’s ability to attract new money and capitalize on rising investor activity in 2025’s bullish environment. The Westlake, Texas-based firm reported adjusted earnings per share (EPS)
