Investing.com -- Iranian President Masoud Pezeshkian addressed the United Nations General Assembly on Wednesday, stating that Iran will not surrender in its conflict with the United States while expressing support for diplomatic solutions.
Pezeshkian told world leaders that Iran needs to be strong and powerful to resist the U.S. and its enemies. He said Iran's military power serves defensive purposes.
The Iranian president said that Iran needs nuclear energy, not nuclear... (continue reading...)
Devon Energy stock climbed 2.8% in morning trading Wednesday after reports surfaced that activist investor Toms Capital is urging the company to consider strategic alternatives, including a potential sale of the entire business, CNBC reported.
Shares reached a session high of $48.46, rising from an opening price of $47.41.
Toms Capital, a hedge fund supported by Citadel's Ken Griffin, has accumulated a stake large enough to place it among Devon's top five shareholders.... (continue reading...)
Investing.com -- HSBC is sticking with its most bullish stance on equities, urging investors to lean into technology stocks as it looks for catalysts to lift risk assets out of a months-long trading range.
Chief multi-asset strategist Max Kettner told clients in a note that recent activity data has accelerated and that the spike in energy prices and global bond yields has left its mark on equity and credit markets, contrary to widespread belief.
The question now, he... (continue reading...)
Palantir Technologies stock rose 4.3% in morning trading today after Rosenblatt Securities maintained its Buy rating and $225 price target on the shares.
The firm pointed to the Federal Aviation Administration's launch of its AI-powered SMART system at three major Washington-area airports as validation of Palantir's government AI capabilities. The deployment marks the first live U.S. rollout of the technology for managing flights.
Rosenblatt published its analyst note... (continue reading...)
Investing.com -- Goldman Sachs believes South Korea's KOSPI index is set up for a near-term "tactical breakout," though analyst Chris Cha flagged headwinds building into October in a note on Wednesday.
Cha said retail investors have net-sold more in September, about 18 trillion won, than they bought across July and August combined, defending the 7,000 level, but that this overhang is beginning to exhaust.
With rate fears now priced in after the Fed and a pivot toward a... (continue reading...)
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