The U.S. on Wednesday unveiled new initiatives to mobilize allies into a preferential trade bloc for critical minerals, including coordinated price floors as Washington works to counter China’s dominance in the market vital for technology and defense. The plans were discussed at a “Critical Minerals Ministerial” in Washington this week that included representatives from 54 countries, the … Read more
British oil major Shell on Thursday reported its weakest quarterly profit in nearly five years, amid a weaker crude price environment and unfavorable tax adjustments in the fourth quarter. Shell posted adjusted earnings of $3.26 billion for the quarter, missing analyst expectations of $3.53 billion, according to an LSEG-compiled consensus. A separate, company-provided analyst forecast had put Shell’s expected … Read more
Bitcoin nearly touched the $72,000 mark on Wednesday, marking the second straight day of its massive retreat this week. The world’s oldest cryptocurrency sank as low as $72,096.20, plunging more than 5% on the day. It was last trading at $72,958.38, down about 4% on the day. Bitcoin is currently more than 40% off its record … Read more
Silver fell sharply, wiping out a two-day recovery, as the white metal struggled to find a floor following a historic market rout. Gold also declined. Spot silver plunged as much as 17% on Thursday, having flickered briefly above $90 an ounce in early Asian trading. After a record-breaking rally that appeared to run too far, … Read more
Sony on Thursday reported a rise in operating profit that beat expectations, supported by favorable foreign exchange rates despite surging memory chip costs. Here are Sony’s December quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate: Operating profit jumped 22% from a year earlier, rebounding from a … Read more
Market Volatility and Price Decline Bitcoin’s attempt at a recovery following a red weekend proved short-lived as a fresh wave of selling pushed the cryptocurrency below the $73,000 mark. According to Bitstamp data, the digital asset plummeted to an intraday low of $72,863—a nearly 7% decline from its morning opening of just under $79,000. Consistent with the trends of … Read more
Gold and silver prices extended their rally on Wednesday, with analysts saying further gains will likely be determined by the direction of foreign exchange and interest rate expectations. Spot gold was up 2.4% at $5,054.6 per ounce as of 5:37 a.m. ET, while gold futures gained about 3.4%, to $5,1 . Meanwhile spot silver was up 5.8% $90 per ounce. Silver … Read more
Eli Lilly & Co Eli Lilly produces brand-name prescription drugs to treat a wide range of medical conditions, including diabetes, cancer and neurological disorders. Analyst Sel Hardy says Medicare beneficiaries will be getting a capped $50 per month copay for Lilly’s GLP-1 weight-loss drug Zepbound starting in April, which he says will be a significant tailwind for … Read more
Netflix co-CEO Ted Sarandos on Tuesday faced skeptical lawmakers during a Senate hearing on his company’s pending $83 billion deal to acquire Warner Bros. Discovery’s streaming and studio assets. While many senators grilled Sarandos over antitrust issues, labor concerns and consumer prices, several conservative members focused instead on unsubstantiated accusations that Netflix promotes “woke” content … Read more
For U.S. initial public offerings, 2026 is starting out as a slow burn, with 24 IPOs filed so far, down 11.1% from the same period in 2025, according to Renaissance Capital. Additionally, just nine IPOs have been priced in the U.S. market in 2026, down 47.1% from last year. Proceeds raised so far total $2.6 … Read more