Crude oil prices surged to their highest in six weeks due to renewed US-Iran conflicts and attacks on Saudi Aramco facilities, raising concerns over Middle East energy supplies. Brent crude reached $97.73 per barrel, and US West Texas Intermediate hit $93.10. Despite this, an oil expert predicts US gasoline prices could fall in October as refiners switch to cheaper winter blends. However, diesel prices may rise sharply, especially in the Northeast, due to low inventories and increased demand for heating and agriculture. The situation remains fragile, with potential supply shocks looming amid geopolitical tensions and refinery damages in the Middle East and Russia.
Applied Digital is set to report a fiscal Q1 loss of $0.30 per share on $116.3 million revenue, reflecting ongoing investments in AI and high-performance data centers. The company has expanded its Polaris Forge 1 campus to 250 MW operational capacity...
Investment firm Needham increased its price target for Vaxcyte to $122 from $110 following positive Phase 3 trial results for Vaxcyte's VAX-31 pneumococcal vaccine. The vaccine met all primary endpoints in the OPUS-1 trial, showing noninferiority to ...
GMAB's investigational drug Rina-S demonstrated a 45.9% confirmed response rate in a Phase 1/2 trial for platinum-resistant ovarian cancer, with a median response duration of 12.1 months and median progression-free survival of 9.5 months. Despite ser...
BNP Paribas Exane raised NVIDIA's price target from $285 to $345 due to strong demand for its AI chips, signaling potential upside of about 45.6% from the current price. NVIDIA shares have gained about 25% in 2026, driven by growth in AI infrastructu...
The S&P 500 currently exhibits a high CAPE valuation of 41x and a market concentration reminiscent of the dot-com bubble peak, with the rally primarily driven by tech and energy sectors. This narrow market breadth raises systemic risk concerns simila...
