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TezNewz delivers AI-scored financial news with impact ratings from -100 to +100. Latest stories cover Unknown sectors. Top impact story: "Banks Split On Copper Outlook As Citi, JPMorgan Turn Bullish And Goldman Counters" with +60 impact score.
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Copper prices have surged on the London Metal Exchange, reaching over $11,700 a ton, driven by anticipated near-universal copper tariffs starting in 2027 and tightening supply. Citigroup projects prices could hit $13,000 a ton by Q2 2026, while JP Morgan forecasts a refined copper deficit of 330,000 tons and prices averaging over $12,000 in 2026. In contrast, Goldman Sachs warns that current price levels may not be sustainable, citing sufficient metal availability to meet demand. Additionally, trading firm Mercuria has ordered $500 million worth of copper for withdrawal from LME warehouses, further tightening available stocks.
Bitcoin is currently trading at $89,496.98, just below the $90,000 mark, as cooling inflation data contributes to a risk-off sentiment in the market. Other cryptocurrencies, including Ethereum ($3,024.66), XRP ($2.02), and Dogecoin ($0.1384), are also experiencing losses. Notably, BlackRock's IBIT Bitcoin ETF has seen a record $2.7 billion outflow, indicating potential shifts in investor sentiment.
Nvidia Corp's CEO Jensen Huang revealed his collaboration with Elon Musk in developing the first computer for Tesla's Model S and the FSD hardware during a podcast. Nvidia recently reported a third-quarter revenue of $57 billion, marking a 62% year-on-year increase and surpassing Wall Street's expectations of $54.88 billion. Huang also mentioned that Musk had previously helped connect Nvidia's technology to OpenAI, further emphasizing the longstanding partnership between the two companies.
Recent U.S. economic data indicates cooling inflation and a rebound in consumer sentiment, leading to increased expectations for a Federal Reserve rate cut. The CME FedWatch tool shows an 87.2% probability of a quarter-point move, which could benefit large-cap growth ETFs like Invesco QQQ Trust (NASDAQ: QQQ) and Vanguard Growth ETF (NYSE: VUG). Consumer sentiment rose from 51.0 to 53.3, with younger Americans' expected personal finances jumping by 13%, suggesting potential support for small-cap growth ETFs if borrowing costs decrease.
Gene Munster from Deepwater Asset Management believes that Apple's recent leadership changes, including the departures of CFO Luca Maestri and COO Jeff Williams, are part of a strategic reset by CEO Tim Cook to enhance the company's focus on artificial intelligence. Munster predicts that Apple will outperform its peers in the Magnificent 7 through the spring, supported by strong iPhone sales and a robust ecosystem of 1.3 billion devices. In its latest quarter, Apple reported revenue of $102.47 billion and earnings of $1.85 per share, exceeding analyst expectations.
Netflix Inc. is pursuing an $82.7 billion acquisition of Warner Bros. Discovery, which analysts suggest is driven by the need to strengthen its position in artificial intelligence as much as in content creation. The deal is seen as a strategic move to build a competitive edge against Google, which is investing heavily in TPU chip technology for media content generation. Despite the merger, Netflix would still lag behind YouTube in viewership, holding 8% compared to YouTube's 12.9% of total TV viewing time.
