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Tesla, Uber and Teladoc rise premarket; Chewy, KB Home fall

U.S. stock futures rose Tuesday, as risk-on sentiment received a boost from the indication of a ceasefire in the Middle East, ahead of testimony by Federal Reserve Chairman Jerome Powell to Congress. Here are some of the biggest premarket U.S. stock movers today: Tesla (NASDAQ:TSLA) stock rose 2.1%, continuing the previous session’s strong gains after the EV manufacturer […]

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Canadian mining giant loses control of African site

Mali has temporarily stripped Canadian firm Barrick of control over the West African country’s largest gold mining operations, amid an escalating dispute over alleged unpaid taxes and royalties. On Monday, a court in Bamako ruled that the management of the Loulo-Gounkoto gold complex in western Mali be handed over to a state-appointed provisional administrator for

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Summary of Royal Decree on Virtual Assets Regulation in Jordan

Date of Approval: June 16, 2025 Issuing Authority: Royal Hashemite Court of Jordan Purpose: To provide a legal and regulatory framework for the supervision, licensing, and control of virtual assets in Jordan. Key Provisions of the Law The Jordan Securities Commission (JSC) is designated as the regulatory authority. All entities offering virtual asset-related services—such as

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Wall St ends sharply lower as Iran retaliates against Israel attack

Wall Street ended sharply lower on Friday after Iran launched missiles at Israel in response to intensive Israeli strikes aimed at crippling Tehran’s ability to build nuclear weapons. Explosions were heard and seen over Tel Aviv and Jerusalem as sirens sounded across Israel following what the country’s military spokesman said was the firing of missiles

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US immigration officials told to largely pause raids on farms, hotels, NYT reports

U.S. President Donald Trump’s administration has told immigration officials to largely pause raids and arrests in the agricultural industry, hotels and restaurants, the New York Times (NYSE:NYT) reported on Friday. The report cited an internal email and three U.S. officials with knowledge of the guidance. “Effective today, please hold on all work site enforcement investigations/operations on agriculture

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Gold prices cool after rallying on increased geopolitical tensions, trade jitters

Gold prices fell in Asian trade on Tuesday, facing some profit-taking after heightened geopolitical tensions in Europe and the Middle East, along with persistent trade uncertainty, sparked strong gains. Bullion prices started June on a strong note as Ukraine launched a deadly drone strike against Russia, largely undermining peace talks held on Monday. Moscow also

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China manufacturing activity shrinks in May as trade war bites- Caixin PMI

China’s manufacturing sector unexpectedly shrank in May, private purchasing managers index data showed on Tuesday as overseas orders faced increased pressure from high U.S. trade tariffs. The Caixin Manufacturing PMI slid to 48.3 in May against expectations of 50.8, while falling sharply from the 50.4 seen in the prior month. A reading below 50 indicates contraction, with

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Asia stocks buoyed by tech gains; trade, economic uncertainty persists

Most Asian stocks rose on Tuesday with regional technology shares tracking some strength in their U.S. peers, although investors remained largely on edge over U.S.-China trade ructions and soft economic conditions. Regional markets took some positive cues from a stronger overnight close on Wall Street, with tech and energy stocks leading gains. But Wall Street’s

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Tariff ruling fallout: 5 questions after Court rejects Trump policy

A U.S. federal court has struck down former President Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs, concluding the administration failed to demonstrate the “unusual and extraordinary threats” required by law. The ruling by the U.S. Court of International Trade nullifies several tariffs that had been implemented under the IEEPA,

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Court ruling on tariffs, U.S. futures, Nvidia – what’s moving markets

Investing.com – U.S. stock futures surged higher Thursday after a U.S. court declared U.S. President Donald Trump’s broad-based tariffs regime invalid, helped by solid results from chip giant Nvidia. Tesla CEO Elon Muck has also announced his departure from the Trump administration, leaving his role as head of DOGE. 1. U.S. court blocks most Trump

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UAE automation push pays off in bridging the cost of manufacturing

  Amro Zakaria Amro Zakaria is a global financial markets strategist and the founding partner of Kyoto Network and Madarik Ventures The UAE’s heavy and early investments in renewable energy sources, advanced technology, and its reliable trade reputation, are positioning it to become a future regional heavyweight and reduce its import dependency. The Gulf state, which brings in

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Trump unveils design for $175 billion ‘Golden Dome’ missile defense system

President Donald Trump on Tuesday revealed the official concept for his administration’s ambitious Golden Dome missile defense system — a USD 175 billion multi-layered network that, for the first time, will include space-based US weapons designed to intercept missiles at all stages of flight. Speaking from the Oval Office alongside a poster of the continental

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