Shares of US rare earth companies rose in premarket trading Friday after a Reuters report said some Chinese suppliers have declined to ship rare earth materials to US customers despite receiving export licenses. The developments come weeks before Chinese President Xi Jinping is scheduled to visit Washington, putting critical mineral supply chains back in focus.
The US economy added a significant number of jobs in August, reversing a summer slowdown in hiring and reinforcing the likelihood of a rate hike from the Fed this month. Nonfarm payrolls increased by a seasonally adjusted 162,000 last month, the Bureau of Labor Statistics said Friday, sharply exceeding the 53,000 gain economists surveyed by
US stocks fell on Friday after stronger-than-expected August employment data increased expectations that the Federal Reserve could raise interest rates at its September meeting. The report also pushed Treasury yields higher and shifted investor focus toward next week’s inflation data. Strong Jobs Report Lifts Rate Hike Expectations The US economy added 162,000 jobs in August,
AMC Entertainment AMC shares rose about 7% in trading on Friday after CEO Adam Aron sharply criticized Robinhood Markets’ efforts to offer tokenized real-world assets, including tokens linked to AMC stock. Aron warned Robinhood CEO Vlad Tenev that the cinema chain could pursue legal action if the fintech company does not stop trading what AMC
Blue Owl stock has staged a strong comeback in recent months, climbing from a low of $7.60 in April to around $11.85 currently. The rally could have further room to run after the stock formed a golden cross and a bullish flag pattern, while fading jitters across the AI sector could provide an additional tailwind.
For years, Lululemon could sell premium leggings with pricing power and customer loyalty most apparel companies envied. Its latest quarter suggests that advantage is being tested. Revenue fell 4% to $2.42 billion in fiscal Q2, comparable sales dropped 9%, and the company cut its full-year revenue outlook to $10.35 billion to $10.5 billion, implying a
OpenAI unveiled GPT-6 Astra on Thursday as its most capable model for difficult end-to-end work. Chinese AI stocks nevertheless moved higher, not lower. MiniMax jumped 6.5% to HK$378 on Friday, while Baidu gained 4.6%. Kuaishou rose 4.2%, JD.com added 4.1% and Xiaomi advanced 3.9% as broader Hong Kong stocks strengthened. The reaction looks counterintuitive. Astra
The Kospi Index rose by over 1% on Friday as a sense of calm emerged ahead of the upcoming US nonfarm payroll (NFP) data. It rose to 6,663 points even as its top companies, like Samsung Electronics and SK Hynix, rose modestly. Still, the index remains under intense pressure as the deleveraging continues. Kospi Index
Japan’s Nikkei 225 rebounded on Friday as easing fears of an imminent US rate increase helped technology shares recover, even as a sharp rally in the yen created a fresh headwind for exporters. The benchmark was up 0.86% at 64,769.74 by the midday break, snapping a four-session slide that had erased almost 2,200 points. SoftBank
Gold steadied near $4,477 an ounce on Friday, holding most of Thursday’s sharp rebound as investors waited for US payrolls data that could reshape expectations for the Federal Reserve’s September meeting. Spot bullion was little changed at $4,477.10 an ounce in early Asian trading and was heading for a modest weekly gain. December US gold