Gold prices fell more than 2% to around $4,356 an ounce after a strong August, pressured by short-term inflation concerns driven by rising commodity prices like oil and agricultural goods. Federal Reserve Chair Kevin Warsh's recent speech reaffirming commitment to lowering inflation to 2% raised expectations for higher short-term rates, pushing gold and silver down over 4% since Friday. Despite this, long-term gold demand remains supported by fears over government debt, currency debasement, and ongoing central bank purchases. The market faces tension between immediate rate hikes and longer-term inflation and fiscal concerns, with supply-driven commodity inflation posing challenges for monetary policy going forward.
Enovis has lowered its price target to $27 from $30 following its binding offer to acquire eCential Robotics for €155 million. This acquisition aims to strengthen Enovis's position in surgical robotics and enhance its ASTRA technology ecosystem. Desp...
Citigroup reaffirmed its Buy rating on NIO but lowered the price target from $8.20 to $7.10 due to NIO's second-quarter deliveries and revenue missing company guidance and a third-quarter outlook below Wall Street estimates. Despite a 49.4% year-over...
Yum! Brands recently sold its Pizza Hut division and CEO Christopher Lee Turner sold shares amid legal scrutiny. The company is under investigation by Pomerantz LLP for possible securities fraud following a food safety crisis linked to a cyclosporias...
Dell Technologies reported quarterly revenue of $46.97 billion and earnings per share of $7.04, both surpassing analyst expectations. The company's growth is fueled by strong demand in its AI server business, supported by a substantial $51 billion or...
Analyst BTIG upgraded Medtronic to a Buy rating and raised its price target to $100, citing strong Q1 FY2027 revenue of $9.76 billion driven by broad demand. The company is investing over $700 million in Heart Tech and Robotics, signaling a focus on ...
