News
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METALS-Copper slumps after hitting record as tech bubble fears resurface
Dec 12 (Reuters) - Copper plunged more than 3% on Friday, after hitting a record high earlier in the session, as renewed fears of the AI bubble bursting sparked a broad sell-off of riskier assets.Benchmark three-month copper CMCU3 on the London Metal Exchange fell as much as 3.5% to $11,451.50 and w...Reuters
Fri, Dec 12
Silver miners rise tracking record high prices
U.S.-listed shares of silver miners rise premarket, as the white metal trades just shy of Thursday's record GOL/Spot silver XAG= up 0.8% at $64.06 per ounce after hitting a record $64.32 earlier in the session; heading for weekly gain of 9.3% Hecla Mining HL.N up ~3%, Coeur Mining CDE.N up 2.5%U...
Reuters
Fri, Dec 12
Musk's Mars mission adds risk to red-hot SpaceX IPO
WASHINGTON, Dec 12 (Reuters) - Investors eyeing SpaceX's potential blockbuster IPO may need to brace themselves as CEO Elon Musk balances his risky quest to reach Mars with growing the revenue-rich Starlink satellite broadband business that would offer more reliable shareholder returns.Reuters
Fri, Dec 12
Nasdaq, S&P 500 futures slip as Broadcom outlook reignites AI bubble fears
Dec 12 (Reuters) - Futures tracking the S&P 500 and Nasdaq slid on Friday as chipmaker Broadcom's results sparked fresh worries about a potential artificial intelligence bubble, dampening investor optimism from a less hawkis...Reuters
Fri, Dec 12
US FDA brass pushed internally for speedier Lilly weight-loss pill verdict
Dec 12 (Reuters) - Leaders at the U.S. Food and Drug Administration have pressed internally for reviewers to speed up their evaluation of Eli Lilly's LLY.N experimental weight‑loss pill, after the company pushed for a faster timeline, documents seen by Reuters show.
Reuters
Fri, Dec 12
Cannabis stocks surge on report Trump seeks to ease restrictions
Dec 12 (Reuters) - Shares of cannabis companies jumped on Friday after the Washington Post reported U.S. President Donald Trump is expected to push the government to dramatically loosen federal restrictions on marijuana.U.S.-listed shares of Tilray Brands TLRY.O gained 28%, while SNDL SNDL.O, CanopyReuters
Fri, Dec 12
USD extends decline as jobless claims spike to highest Since Mar-2020 – OCBC
The US Dollar (USD) continued to slide, pressured by a jump in initial jobless claims to 236k—the largest weekly rise since March 2020—and lingering softness in the labor market, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Fri, Dec 12
India frees up visas for Chinese professionals in key step to boost ties
India to issue Chinese business visas within a month -officialsCurbs cost an estimated $15 billion in lost electronics outputIndia reworks China ties amid U.S. tariffs to lure foreign investors By Nikunj Ohri and Shivangi Acharya NEW DELHI, Dec 12 (Reuters) - India has cut red tape to speed busReuters
Fri, Dec 12
Ignoring AI bubble fears, investors bet Nvidia and Google will fuel Taiwan stocks to record
Taiwan stocks likely to scale record peak despite AI bubble concerns Taiwan's supply chain would benefit from robust demand for chips from Nvidia as well as Google TSMC, Foxconn seen leading rally into 2026 By Faith Hung and Rae WeeTAIPEI/SINGAPORE, Dec 12 (Reuters) - Taiwan's tech-heavy s...Reuters
Fri, Dec 12
Gold clings to 7-week high as investors gauge Fed trajectory; silver near record peak
Silver hits record high at $64.31/oz on ThursdayWeekly jobless claims at 4-1/2-year highsAll metals headed for weekly gainsBy Ishaan Arora Dec 12 (Reuters) - Gold prices held near a seven-week high on Friday, supported by expectations of more interest rate cuts next year after the U.S. Federal ReReuters
Fri, Dec 12
USD/JPY attracts some sellers to near 155.50 on weak US jobs data
The USD/JPY pair attracts some sellers to around 155.60 during the early Asian session on Friday. The US Dollar (USD) edges lower against the Japanese Yen (JPY) amid worse-than-anticipated US employment data and a less hawkish outlook than expected from the US Federal Reserve (Fed).
Fxstreet
Fri, Dec 12
S&P 500 posts record closing high, US dollar and yields decline in wake of Fed
Major stock indexes mostly rose on Thursday, with the Dow and S&P 500 posting record closing highs, while the dollar and U.S. bond yields extended declines from the day before, when the Federal Reserve cut interest rates but gave a less hawkish outlook than expected.Reuters
Fri, Dec 12
Dow, S&P 500 mark record closes; Oracle drags on the Nasdaq
Indexes: Dow rises 1.34%, S&P 500 adds 0.21%, Nasdaq falls 0.25%Oracle update drags down some tech, AI stocksValue outperforms growth, small outperforms largeBy Sinéad Carew and Johann M Cherian Dec 11 (Reuters) - The S&P 500 and the Dow boasted record closing highs on Thursday after a Fe...Reuters
Fri, Dec 12
Fed reappoints 11 regional bank presidents in unanimous vote
Dec 11 (Reuters) - The Federal Reserve on Thursday said 11 of its regional bank presidents had been reappointed to their positions with the unanimous agreement of the U.S. central bank's Board of Governors, wrapping up an ordinarily routine process that had come under heightened scrutiny amid pr...Reuters
Fri, Dec 12
Gold Price Forecast: XAU/USD climbs above $4,250 as Fed rate cut weakens US Dollar
Gold price (XAU/USD) rises to seven-week highs near $4,275 during the early Asian session on Friday. The precious metal extends its upside as the US Federal Reserve’s (Fed) quarter-point rate cut drags the US Dollar (USD) lower.
Fxstreet
Fri, Dec 12
