Paul Jackson

Nvidia Backs OpenAI’s Ohio AI Campus With Up to $105B

Nvidia is putting major financial support behind OpenAI Nvidia has agreed to provide as much as $105 billion of financial support for a massive new data center campus in Ohio that will be leased by OpenAI. OpenAI said Monday it

Homebuilder Sentiment Stays Weak as Costs Squeeze Housing

Builders are still struggling to find demand US homebuilder sentiment barely improved in August as high borrowing and construction costs continued to weigh on the housing market. The NAHB/Wells Fargo Housing Market Index rose 1 point to 35, according to

Stocks Slip From Records as Consumer Sentiment Weakens

Stocks pull back after another record US stocks edged lower Friday after the S&P 500 reached another record high in the previous session. The S&P 500 slipped just below the flat line, while the Dow Jones Industrial Average and Nasdaq

Copper Spread Becomes Live Gauge of Trump Tariff Risk

A niche copper trade is now tracking White House policy The price gap between US copper futures and London prices is turning into a real-time measure of tariff expectations. The COMEX-LME spread has traditionally been used by traders, producers and

Drone Stocks Rally as US Slaps Tariffs on Foreign Parts

Drone stocks jump on new tariff protections US drone stocks rallied Friday after the White House announced new tariffs on foreign-made drones, parts and components. Unusual Machines jumped about 15%, while Red Cat gained roughly 7%. AeroVironment and Kratos also

S&P 500, Nasdaq Rise as Inflation Cools Again

Another soft inflation print lifts stocks US stocks moved mostly higher Thursday after another inflation report showed price pressures easing. The S&P 500 gained 0.4%, while the Nasdaq Composite rose 0.2%. The Dow Jones Industrial Average slipped about 0.2%. The

Gold Hits Key Resistance After 6% Monthly Rally

Gold’s rebound just hit an important technical level Gold’s monthlong rally has brought prices back to one of the most closely watched levels on the chart. The metal closed Wednesday at $4,363 per ounce, below its 200-day moving average of

AI Infrastructure Stocks Surge as Compute Demand Stays Hot

AI infrastructure stocks had a big day Three major AI infrastructure companies gave investors the same message this week: demand for computing power is still running ahead of supply. Shares of Nebius, CoreWeave and Supermicro all jumped Wednesday following strong

Goldman Pays $2.25B to Double Down on Active ETFs

Goldman makes another major ETF acquisition Goldman Sachs is buying Neos Investments for as much as $2.25 billion, extending its push into actively managed exchange-traded funds. Neos manages about $30 billion across 19 ETFs, many of which use options to

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