CoreWeave shares plunged 15% as its bonds fell into distressed territory and default insurance hit record highs, raising doubts about the debt-fueled AI infrastructure model. The selloff spread across Oracle,...
Berkshire Hathaway has invested an additional $330 million in Bending Spoons, an Italian tech company that acquires and revitalizes mature apps. The news sent Bending Spoons' shares up over 41%...
Anthropic's revenue growth is cooling as it prepares for an IPO, stoking fresh anxiety about the durability of the AI trade. The news carries read-throughs for mega-cap tech, semiconductors, bonds...
A hotter-than-expected US CPI reading has revived Fed rate-hike bets, triggering a sharp risk-off wave across Asia. South Korea's KOSPI plunged over 6%, forcing circuit breakers, while Japan's Nikkei fell...
Iran's Revolutionary Guard claims round-the-clock control of the Strait of Hormuz after a Singapore-flagged cargo ship sinks following an attack. Israel's Netanyahu delays military action until after October 27 elections,...
Top forecaster Jason Schenker expects the Fed to hold rates in October but warns of a possible 50bp hike in December if inflation remains stubborn. Markets should brace for volatility,...
Apple closed at a $5.005 trillion market capitalization on Wednesday, becoming the second company ever to hold that level at the close, even as the S&P 500 fell 1.1% and...
Wholesale power prices on the PJM grid surged past $1,000/MWh, prompting an emergency Department of Energy order to prevent blackouts. The event highlights structural tightness in U.S. electricity markets driven...
Sono-Tek has outlined a facility expansion that would lift manufacturing capacity to $33M-$36M annually, with a longer-term path to $44M-$45M. The move signals management confidence in demand from medical device,...
The US has proposed unfreezing part of Russia's €260 billion in frozen sovereign assets and placing them in a Washington-supervised vehicle to restart Ukraine peace talks, but European allies rejected...
Canada's industry minister has warned Cleveland-Cliffs it could be forced to divest its Canadian assets if planned layoffs proceed, escalating a standoff over the steelmaker's restructuring. The dispute adds political...
Rocket Lab's stock fell after the company delayed the first launch of its Neutron rocket beyond 2024. The medium-lift vehicle is key to competing with SpaceX's Falcon 9, and the...
CoreWeave's 15% plunge has revived a dilemma for Nvidia: rescue its largest customer and equity stake again, or risk a liquidity cascade that would hit GPU demand and the broader...
Sui Foundation's $30 million investment in DATA Network will see DATA become a Sui-native protocol, retiring its original chain and marking a stunning fall from grace for Story Protocol, once...
The unified AI stock rally is fracturing as sticky inflation and rising borrowing costs threaten the debt-financed data-center buildout. Semiconductors and speculative AI names are selling off while power and...
OpenAI has accused a former employee of stealing over 100 confidential hardware files before returning to Apple, delaying a trade secrets trial and potentially leading to a counterclaim. The legal...
Long-run data shows a 60-40 stock-bond portfolio has historically kept pace with an all-equity portfolio over 30-year horizons, challenging the case for abandoning diversification. The finding has implications for equity...
The CEOs of the largest U.S. banks have acknowledged rising risks in financing the AI infrastructure boom, citing concentration, uncertain returns and private-credit opacity — yet none signaled a slowdown...
CoreWeave's recently issued AI bonds have tumbled to 81 cents on the dollar with yields above 15%, signaling distress and raising concerns about the debt-financed AI infrastructure boom. The selloff...
The Russell 2000 has tumbled about 10% from a record high set just two months ago, entering correction territory. Fading rate-cut hopes, earnings misses, and unwinding momentum trades are driving...
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