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Asian stocks were set to edge lower as tensions in the Middle East pushed oil prices higher, adding to inflation concerns and keeping investors wary of the prospect of further monetary tightening. The yen held gains near its highest level since February.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
The Loonie gains some traction versus the Greenback, while the latter posts modest losses, as US and Canadian financial markets remain closed in observance of Labour Day.
Mining revenue fell 50% as company pivots to AI infrastructure and hedging strategies.
Key PointsSilicon Motion Technology creates NAND flash controllers, which are a critical component of the memory boom.
Oil extended gains as traders watched for details of an Iranian deal with Oman to manage shipping through the Strait of Hormuz, which could tighten Tehran’s control over the crucial waterway.
Berkshire Hathaway could be moving toward a more traditional insurance model.
Key PointsThe sale was valued at approximately $127,000.
