FCC Chair Brendan Carr signaled approval overnight for the AMZN Amazon-GSAT Globalstar satellite partnership. The endorsement intensified competition with SpaceX in space internet infrastructure. ASTS AST SpaceMobile grabbed secondary attention as the satellite buildout accelerated globally.
AGAE Allied Gaming & Entertainment surged 135% after hours on gaming esports momentum. CIIT Tianci International jumped 41% in extended trading showing small-cap volatility persisting.
GOOGL Google faced fresh antitrust pressure as an Android app store provider filed lawsuit alleging monopoly practices. The legal action added to mounting regulatory scrutiny of big tech platforms.
CNBC reported European stocks closed higher on renewed hopes for Iran ceasefire negotiations. FT headlines emphasized oil supply crunch intensifying as final pre-war Gulf tankers reached refineries. BP hailed exceptional quarterly results for oil traders as volatility stoked massive trading volumes.
Private credit exposure drove investors away from US life insurers per FT analysis. Inflated ratings could mask risks leaving companies undercapitalised. SEC chief Paul Atkins dismissed systemic risk concerns about adding unlisted assets to retail portfolios.
BOBS Bob's Discount Furniture absorbed the week's sharpest SI spike jumping 8 points to 22%. FIG Figma climbed 5.3 points to 19.4% as design software grabbed bear attention. Retailers dominated fresh shorting as consumer pressure mounted.
IMF warned overnight the Middle East conflict could derail global recovery. The fund flagged specific countries facing severe impact as energy costs surged.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
