• Saudi king slams Iran as 'spearhead of global terrorism'

    Saudi king slams Iran as 'spearhead of global terrorism'
    Saudi Arabia's King Salman on Sunday accused regional rival Shiite Iran of exporting extremist Islamic movements to the world and vowed to eliminate the Islamic State group."The Iranian regime has been the spearhead of global terrorism since the (Ayatollah Ruhollah) Khomeini revolution" in 1979, King Salman said in a speech to leaders including US President Donald Trump.Saudi Arabia was also determined to "eliminate the Islamic State group", the king said of the Sunni Muslim jihadist organisatio
  • Hudson Technologies (HDSN) Signs Icorium Deal. Can Better Refrigerant Recycling Lift Margins?

    Hudson Technologies (HDSN) Signs Icorium Deal. Can Better Refrigerant Recycling Lift Margins?
    Hudson Technologies announced a joint development agreement with Icorium to advance patented extractive distillation technology for refrigerant separation. The partnership grants access to intellectual property, dedicated engineering resources, and exclusivity rights during the initial commercialization phase, with the objective of recovering greater quantities of usable refrigerant from complex mixtures.
    The company faces margin pressures that the technology could potentially address. In the s
  • MGM CEO leaves door open to People Inc. bid as casino dealmaking heats up

    MGM CEO leaves door open to People Inc. bid as casino dealmaking heats up
    MGM Resorts International CEO Bill Hornbuckle signaled openness to acquiring People Inc., the investment and publishing company controlled by Barry Diller, during remarks at the Global Gaming Expo. Hornbuckle stated that MGM would continue evaluating opportunities aligned with shareholder interests and focused on unlocking value at a company he characterized as significantly undervalued. He cited MGM’s diverse asset portfolio, including its BetMGM sports betting operation, casino properti
  • Interparfums (IPAR) Extends Cavalli Fragrance Deal Through 2046. Can it Boost Profits?

    Interparfums (IPAR) Extends Cavalli Fragrance Deal Through 2046. Can it Boost Profits?
    Interparfums, Inc. and Marquee Brands announced on September 17 that their exclusive worldwide fragrance license covering Roberto Cavalli and Just Cavalli has been extended through December 31, 2046. The agreement encompasses fragrance creation, development, and distribution activities conducted through the company’s wholly owned subsidiary, Interparfums Italia Srl.
    Management characterized Cavalli as one of its fastest-growing portfolio brands, noting that the Serpentine fragrance launch
  • Advertisement

  • Mattel shares rise after reports of takeover interest from Authentic Brands Group

    Mattel shares rise after reports of takeover interest from Authentic Brands Group
    Mattel’s stock climbed sharply on Thursday following reports that Authentic Brands Group, a brand licensing company, had privately discussed acquiring the toymaker. According to the Wall Street Journal, the proposed transaction could value Mattel at more than $20 per share, representing approximately $6 billion in total value. At the time of the report, Mattel’s shares were trading just above $15 per share.
    A source familiar with the discussions confirmed to CNBC that preliminary ta
  • Stellantis CEO reconfirms 2026 guidance, says turnaround plan continues as automaker’s shares hit new low

    Stellantis CEO reconfirms 2026 guidance, says turnaround plan continues as automaker’s shares hit new low
    Stellantis CEO Antonio Filosa reaffirmed the automaker’s financial targets for the current year during remarks made in Detroit, stating the company remains committed to achieving a mid-single-digit percentage increase in net revenue alongside a low-single-digit adjusted operating margin.
    The executive also reconfirmed longer-term objectives, including positive cash flow generation by the following year and free cash flow exceeding 3 billion euros in 2028. These targets come as the company
  • Nike shares drop as retailer posts disappointing sales, announces layoffs as part of restructuring

    Nike shares drop as retailer posts disappointing sales, announces layoffs as part of restructuring
    Nike released mixed results for its fiscal first quarter on Thursday, with the company posting net income of $712 million, a 2% decline from $727 million in the prior year period. Revenue decreased 4% to $11.21 billion, falling short of expectations as the company faced significant headwinds in key markets.
    The performance business recorded its largest decline in the Greater China region, where Nike brand revenues dropped 26%. Chief Executive Elliott Hill acknowledged the urgency of addressing
  • May Mobility’s SPAC Merger: Is This a Road to Nowhere for Investors?

    May Mobility’s SPAC Merger: Is This a Road to Nowhere for Investors?
    May Mobility announced plans to become a publicly traded company through a merger with ACP Holdings Acquisition, a special purpose acquisition company trading on Nasdaq under the ticker ACGC. The transaction would value the combined entity at roughly $1.4 billion, with operations to continue under the May Mobility name and listing under MAY on the Nasdaq exchange.
    The autonomous ride-hailing sector represents a significant market opportunity. Analysts project the global robotaxi market could re
  • Advertisement

  • How Is Incyte’s Stock Performance Compared to Other Biotech Stocks?

    How Is Incyte’s Stock Performance Compared to Other Biotech Stocks?
    Incyte Corporation, a Wilmington-based biopharmaceutical company, has demonstrated solid stock performance relative to the broader biotech sector in recent trading periods. The company discovers, develops, and commercializes treatments for cancer, blood disorders, and immune-mediated diseases, with marketed therapies including JAKAFI for blood cancer, ICLUSIG for leukemia, PEMAZYRE for bile-duct cancer, MONJUVI/MINJUVI for lymphoma, and NIKTIMVO for fibrotic disease. The company’s market
  • Goldman Leads Bidding for $37 Billion Palmer Square, a CLO Powerhouse

    Goldman Leads Bidding for $37 Billion Palmer Square, a CLO Powerhouse
    Goldman Sachs has emerged as the leading bidder in talks to acquire Palmer Square Capital Management, a collateralized loan obligation specialist based in Kansas that manages $37 billion in assets, Bloomberg reported. While the transaction remains uncertain, the pursuit reflects Goldman’s strategic push to strengthen its position in alternative credit markets and compete more directly with established alternative asset managers.
    Collateralized loan obligations are investment vehicles comp
  • XAU/USD: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26

    XAU/USD: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26
    Major Takeaways Main scenario: Consider long positions from corrections above 4,098.40 with a target of 4,900.00–5,610.00. A buy signal: the price holds above 4,098.40. Stop Loss: below 4,030.00, Take Profit: 4,900.00–5,610.00. Alternative scenario: Breakout and consolidation below 4,098.40 will allow the asset to continue declining to the levels of 3,720.00–3,290.62. A sell signal: the level of 4,098.40 is broken to the downside. Stop Loss: above 4,165.00, Take Profit: 3,720.0
  • WTI Crude Oil: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26

    WTI Crude Oil: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26
    Major Takeaways Main scenario: Consider long positions from corrections above 87.70 with a target of 105.17–115.50. A buy signal: the price holds above 87.70. Stop Loss: below 86.20, Take Profit: 105.17–115.50. Alternative scenario: Breakout and consolidation below 87.70 will allow the asset to continue declining to the levels of 79.25–67.00. A sell signal: the level of 87.70 is broken to the downside. Stop Loss: above 89.20, Take Profit: 79.25–67.00.Main ScenarioConsider
  • USD/JPY: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26

    USD/JPY: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26
    Major Takeaways Main scenario: Consider short positions from corrections below the level of 159.00 with a target of 151.76–148.92. A sell signal: the price holds below 159.00. Stop Loss: above 159.60, Take Profit: 151.76–148.92. Alternative scenario: Breakout and consolidation above the level of 159.00 will allow the pair to continue rising to the levels of 163.90–167.50. A buy signal: the level of 159.00 is broken to the upside. Stop Loss: below 158.40, Take Profit: 163.90&nda
  • GBP/USD: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26

    GBP/USD: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26
    Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3308 with a target of 1.2938–1.2745. A sell signal: the price holds below 1.3308. Stop Loss: above 1.3355, Take Profit: 1.2938–1.2745. Alternative scenario: Breakout and consolidation above the level of 1.3308 will allow the pair to continue rising to the levels of 1.3560–1.3675. A buy signal: the level of 1.3308 is broken to the upside. Stop Loss: below 1.3265, Take Profit: 1.3560&nda
  • General Motor Q3 sales drop 5.5%, while Toyota buoyed by EVs, hybrids

    General Motor Q3 sales drop 5.5%, while Toyota buoyed by EVs, hybrids
    General Motors posted third-quarter sales of 670,974 vehicles, reflecting a 5.5% decline from the prior year period. The Detroit automaker’s electric vehicle segment experienced significant headwinds, with the Equinox EV dropping 92.4%, the Blazer EV falling 84.4%, and Hummer EV sales declining 72.9%. The weakness in EV demand followed a surge the prior year when consumers purchased electric vehicles ahead of the expiration of federal tax incentives worth up to $7,500.
    Toyota Motor demons
  • EUR/USD: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26

    EUR/USD: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26
    Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.1378 with a target of 1.1120–1.0895. A sell signal: the local correction ends and the price holds below 1.1378. Stop Loss: above 1.1425, Take Profit: 1.1120–1.0895. Alternative scenario: Breakout and consolidation above the level of 1.1378 will allow the pair to continue rising to the levels of 1.1566–1.1790. A buy signal: the level of 1.1378 is broken to the upside. Stop Loss: below 1
  • USD/CHF: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26

    USD/CHF: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26
    Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.8400 with a target of 0.7950–0.7755. A sell signal: the price holds below 0.8400. Stop Loss: above 0.8440, Take Profit: 0.7950–0.7755. Alternative scenario: Breakout and consolidation above the level of 0.8400 will allow the pair to continue rising to the levels of 0.8588–0.8750. A buy signal: the level of 0.8400 is broken to the upside. Stop Loss: below 0.8360, Take Profit: 0.8588&nda
  • Gold Gets a Breather as Fed Rate Hike Odds Decline. Forecast as of 02.10.2026

    Gold Gets a Breather as Fed Rate Hike Odds Decline. Forecast as of 02.10.2026
    Investors have settled on the timing of Fed rate hikes, while employment data close to forecasts may help XAU/USD, even though the environment remains unfavorable for gold. Let’s discuss this topic and outline a trading plan.Major Takeaways In September, gold posted its steepest decline since June. Lower odds of Fed rate hikes are helping XAU/USD. Rising ETF demand is supporting the precious metal. A breakout above $4,200 per ounce would be a reason to buy gold.Weekly Fundamental Fore
  • USD/CAD: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26

    USD/CAD: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26
    Major Takeaways Main scenario: Consider long positions from corrections above 1.4144 with a target of 1.4400–1.4570. A buy signal: the local correction ends and the price settles above 1.4144. Stop Loss: below 1.4100, Take Profit: 1.4400–1.4570. Alternative scenario: Breakout and consolidation below 1.4144 will allow the pair to continue declining to the levels of 1.3757–1.3548. A sell signal: the level of 1.4144 is broken to the downside. Stop Loss: above 1.4185, Take Profit:
  • Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 02.10.2026

    Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 02.10.2026
    Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis.Major Takeaways BTCUSD: The price continues to rise in a bullish correction (B). Consider long positions with a Take Profit at 88,096.74. XRPUSD: The asset continues to rise in impulse [C] of XX. Consider long positions with a Take Profit at 1.694. ETHUSD: The rise in the fifth part of a bullish impulse continues. Consider long positions with a Take Profit at 2,859.38.Elliott Wave An
  • Short-Term Analysis for Oil, Gold, and EURUSD for 02.10.2026

    Short-Term Analysis for Oil, Gold, and EURUSD for 02.10.2026
    Welcome, my fellow traders! I have prepared a price forecast for US Crude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I have identified entry signals for intraday traders.Gold is trading in a short-term downtrend.Major Takeaways USCrude: Oil is falling from the resistance A at 92.45–92.01, approaching the first sell target at 90.03. XAUUSD: Gold sellers are defending the 4,193 resistance level. EURUSD: The euro is
  • Euro Plunges as French Debt Crisis Deepens. Forecast as of 02.10.2026

    Euro Plunges as French Debt Crisis Deepens. Forecast as of 02.10.2026
    The French government's presentation of its draft budget sent the EUR/USD pair to 16-month lows. However, developments in the US also contributed to the rise in domestic bond yields. Let's examine the situation and develop a trading plan.Major Takeaways The US dollar is being bought as a safe-haven asset. Bond yield spreads are signaling a crisis. France's draft budget will be difficult to approve. Short positions can be opened with targets of 1.1200 and 1.1000.Weekly Fundamental Forecast for Eu
  • Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold

    Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold
    Micron delivered fiscal fourth-quarter results that exceeded analyst expectations, driven by extraordinary demand for memory chips used in artificial intelligence systems. The company reported revenue of approximately $11.32 billion from the prior year, reflecting a dramatic expansion in business scale. For the fiscal first quarter, management issued guidance of about $61.5 billion in revenue and adjusted earnings per share of $38.15, surpassing LSEG consensus estimates of $57 billion in revenu
  • Accenture stock rallies after earnings beat expectations

    Accenture stock rallies after earnings beat expectations
    Accenture’s stock experienced a significant rally following the release of its fiscal fourth-quarter financial results. The consulting firm reported earnings per share of $3.29 and revenue of $18.68 billion, figures that exceeded LSEG consensus estimates of $3.18 per share and $18.03 billion in revenue respectively. The stock surged more than 22% at its intraday peak before closing up close to 16%.
    Full-year fiscal 2026 results showed adjusted earnings of $13.97 per share, representing an
  • What Is Capitulation in Trading?

    What Is Capitulation in Trading?
    What is capitulation in the stock market? It is a period of sharp decline when a large number of investors close their positions, fearing further losses. Widespread panic intensifies stock selling, the market falls rapidly, and investor fear reaches a peak.Market capitulation represents the final stage of a prolonged decline. Stockholders lose hope that prices will recover and close their positions, locking in significant losses. As a result, selling pressure peaks and then gradually weakens, po
  • Pound Sterling Faces Growing Pressure Ahead of UK Budget Announcement. Forecast as of 01.10.2026

    Pound Sterling Faces Growing Pressure Ahead of UK Budget Announcement. Forecast as of 01.10.2026
    The Bank of England is often as responsive to changing economic conditions as the Federal Reserve, but the UK economy remains weaker than that of the US. At the same time, the UK currency faces additional uncertainty ahead of the Labour government’s budget announcement. Let’s examine the current market environment and develop a trading plan for the GBP/USD.Major Takeaways The strength of the US economy is limiting the GBP/USD pullback. The Bank of England is in no hurry to raise rate
  • Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 01.10.2026

    Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 01.10.2026
    Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis.Major Takeaways BTCUSD: The price continues to rise in a bullish correction (B). Consider long positions with a Take Profit at 88,096.74. XRPUSD: The asset continues to rise in impulse [C] of XX. Consider long positions with a Take Profit at 1.694. ETHUSD: The rise in the fifth part of a bullish impulse continues. Consider long positions with a Take Profit at 2,859.38.Elliott Wave An
  • Short-Term Analysis for Oil, Gold, and EURUSD for 01.10.2026

    Short-Term Analysis for Oil, Gold, and EURUSD for 01.10.2026
    Welcome, my fellow traders! I have prepared a price forecast for US Crude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I have identified entry signals for intraday traders.The euro has broken through the Gold Zone of 1.1375–1.1367 this week.Major Takeaways USCrude: Oil is rebounding from the Target Zone of 88.79–87.46. XAUUSD: Gold has reached its first bearish target around 4,167. EURUSD: The euro has droppe
  • Greenback Gains on Strong US Data and European Uncertainty. Forecast as of 01.10.2026

    Greenback Gains on Strong US Data and European Uncertainty. Forecast as of 01.10.2026
    At first glance, the sharp decline in expectations for a Fed rate hike in October should have triggered a correction in the EUR/USD pair. However, the strength of the US economy has made it difficult for the bears to regain control. Let's take a closer look at the current market situation and develop a trading plan.Major Takeaways The odds of a Fed rate hike in October have plummeted. Revised US GDP data helped the US dollar. The collapse in oil prices may not reduce Treasury yields. Short posit
  • Switch to winter time in Europe and the USA in 2026

    Switch to winter time in Europe and the USA in 2026
    Dear clients,Please be informed that Europe switches to the winter time on the night of the 24 - 25 October 2026. Therefore, the trading hours for all instruments on the list below shift 1 hour back compared to their regular trading hours until 1 November 2026 when the USA switch to winter time.ForexOpen from 23:00 of Sunday till 23:00 of Friday.MetalsOpen on Mon.-Fri. from 00:00 till 23:00.XNGUSDOpen from 00:00 of Monday till 23:00 of Friday.ASX200Open on Sun.-Fri. from 23:5

Follow @news_analyst on Twitter!