Anglo American CEO reacts to Trump's watered-down copper tariffs
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Indian Investors Show Cautious Optimism Ahead of US-Russia Summit
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. There's not much to cheer for equity bulls on a rainy Thursday morning in Mumbai. Nifty futures are trading steady, and Asian markets haven't managed to sustain Wednesday's rally. The focus is shifting to the weekly expiry of Nifty options, especially with a long weekend ahead and a highly anticipated meeting between Donald Trump and Vladimir Putin. Meanwhile, foreign funds seem to be toning down their bearish bets. This, combined with still hopeful retail investors and domestic institutions sets the stage for a surprise move in the days ahead.
Yahoo
3 hours ago
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As Trump Pivots on Intel CEO Lip-Bu Tan, How Should You Play INTC Stock?
Intel (INTC) shares are extending gains this morning after President Donald Trump said he's met with Lip-Bu Tan, the chipmaker's current chief executive, and even called him a 'success.' The president's remarks are significant since they arrive only days after he called Tan 'highly CONFLICTED' and demanded that he resigns immediately. More News from Barchart This High-Yield (7%) Dividend Stock Is Down Significantly in 2025. Should You Buy the Dip? Dear CoreWeave Stock Fans, Mark Your Calendars for August 14 Tesla Is Axing Its Dojo Supercomputer Plans. What Does That Mean for TSLA Stock Here? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Intel stock hasn't done much for its investors this year. At the time of writing, it is up just 7.6% in the year to date. What Trump's Reversal on Lip-Bu Tan Means for Intel Stock INTC shares are pushing to the upside following Trump's positive comment on Lip-Bu Tan as it effectively eliminates the risks of regulatory scrutiny and reputational damage. It reduces uncertainty around executive stability and signals renewed political support for Intel's leadership and strategic direction. Additionally, the president's social media post also suggests potential alignment between Intel and federal policy, especially on domestic chip manufacturing. In the long run, this government endorsement could help INTC reclaim its long-lost glory in the semiconductor industry, paving the way for a sharp rebound in Intel stock. Should You Buy INTC Shares at Current Levels? While Trump's reversal on Lip-Bu Tan is not an all-clear for INTC stock, it's reasonable to consider owning it at current levels primarily because Intel is actually a matter of national security for the United States. 'It's the only leading-edge U.S.-based foundry. If we lose Intel, we have a serious national security risk, and then prices of TSMC will go up,' Patrick Moorhead, the founder of Moor Insights, told CNBC in a recent interview. Note that Intel shares are currently trading at an attractive price-sales (P/S) ratio of 1.64x only. How Wall Street Recommends Playing Intel While the consensus rating on Intel shares currently sits at 'Hold' only, Wall Street firms, nonetheless, forecast at least some upside in them from current levels. At the time of writing, analysts have a mean target of just over $23 on INTC stock, indicating potential for another 6% rally from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
3 hours ago
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Oil regains ground from 2-month lows ahead of Trump-Putin meeting
By Katya Golubkova TOKYO (Reuters) -Oil prices edged higher on Thursday, regaining ground after a sell-off in the previous session, with the upcoming meeting between U.S. President Donald Trump and his Russian counterpart Vladimir Putin raising risk premiums in the market. Brent crude futures were up 28 cents, or 0.43%, at $65.91 a barrel at 0057 GMT, while U.S. West Texas Intermediate crude futures rose 23 cents, or 0.37%, to $62.89. Both contracts hit their lowest in two months on Wednesday after bearish supply guidance from the U.S. government and the International Energy Agency (IEA). Trump on Wednesday threatened "severe consequences" if Putin does not agree to peace in Ukraine. Trump did not specify what the consequences could be, but he has warned of economic sanctions if the meeting in Alaska on Friday proves fruitless. "The uncertainty of U.S.-Russia peace talks continues to add a bullish risk premium given Russian oil buyers could face more economic pressure," Rystad Energy said in a client note. "How Ukraine-Russia crisis resolves and Russia flows change could bring some unexpected surprises." Another support for oil is that the expectation that the U.S. Federal Reserve will cut rates in September is at close to 100% after U.S. inflation increased at a moderate pace in July. Treasury Secretary Scott Bessent said he thought an aggressive half-point cut was possible given recent weak employment numbers. The market is putting the odds of a quarter-percentage point cut at the Fed's September 16-17 meeting at 99.9%, according to the CME FedWatch tool. Lower borrowing rates would drive demand for oil. The dollar was hovering near multi-week lows against the euro and sterling on Thursday as traders ramped up bets for the Fed to resume cutting interest rates next month. Oil prices were kept in check as crude inventories in the United States unexpectedly rose by 3 million barrels in the week ended on August 8, according to the U.S. Energy Information Administration on Wednesday, against expectations in a Reuters poll for a 275,000-barrel draw. [EIA/S] Also, holding oil back was an International Energy Agency forecast that 2025 and 2026 world oil supply would rise more rapidly than expected, as the Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, increase output and production from outside the group grows. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
