Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
U.S. stock futures showed little movement on Wednesday evening as Wall Street attempted to recover from four days of sharp losses. Investor sentiment remained fragile amid concerns over trade tariffs and a slowing U.S. economy.
Nvidia (NASDAQ: NVDA) slipped slightly in after-hours trading despite exceeding fourth-quarter earnings expectations. The AI chip leader reported robust demand from major tech firms, forecasting Q1 revenue of $43 billion, above estimates of $42.05 billion. However, concerns over rising production costs due to the Blackwell chip ramp-up weighed on the stock. Initially rising 2%, Nvidia’s gains faded, closing around $131.
Meanwhile, other semiconductor stocks saw marginal gains, with Broadcom (NASDAQ: AVGO) and AMD (NASDAQ: AMD) inching higher. Nvidia's AI-fueled stock surge, up nearly 400% in two years, faced pressure amid growing competition from China’s DeepSeek, raising concerns over the sustainability of massive AI investments.
S&P 500 futures edged up 0.1% to 5,979.0 points, while Nasdaq 100 futures rose 0.2% to 21,231.50 points. Dow Jones futures dipped 0.1% to 43,470.0 points. The S&P 500 closed flat at 5,956.18 points, the Nasdaq Composite gained 0.3%, and the Dow Jones Industrial Average slipped 0.4%.
Investors remain cautious as economic uncertainty looms. Wall Street’s losses deepened after former President Donald Trump threatened additional trade tariffs, while weak consumer sentiment readings signaled economic cooling. All eyes are now on upcoming key economic indicators, including Q4 GDP data on Thursday and the Federal Reserve’s preferred inflation gauge, the PCE price index, on Friday.
