Oil majors just showed what higher crude can do ExxonMobil and Chevron reported sharply higher second-quarter profits as the Iran war pushed oil prices higher and tightened global energy markets. Chevron’s net income rose to $12 billion, up nearly 400%
Amazon gave the market the AI payoff it wanted Amazon stock surged 15% Friday after the company delivered a second-quarter report that showed accelerating cloud growth, strong AI demand and enough operating momentum to quiet concerns about rising infrastructure spending.
Leopold Aschenbrenner’s AI fund was forced to sell Leopold Aschenbrenner’s AI-focused hedge fund, Situational Awareness, sold the bulk of its public stock portfolio to Ken Griffin’s Citadel after heavy losses in tech holdings, according to Reuters. The sale came after
Copper is trading like a market with little slack Copper climbed Thursday as tightening physical supply and relief from the Federal Reserve’s decision to hold interest rates steady outweighed disappointment over China’s lack of fresh stimulus. The most active Comex
Microsoft finally gave investors an AI payoff signal Microsoft just gave the market something it has been asking Big Tech to prove: heavy AI infrastructure spending can translate into faster cloud growth. The company spent a record $41 billion on
Nike missed China’s sports boom Nike should be winning in China right now. Sports participation is rising, health and fitness spending is growing, and China’s sportswear market has expanded sharply over the past five years. But instead of capturing that
Oil snapped back as war risk returned Oil prices jumped Wednesday after the US president said Washington would hit Iran hard in response to an attempted attack on American forces in the Middle East. Brent crude rose 7.2% to $90.12
The market lost momentum after a strong open US stocks fluctuated Monday after an early rally faded, as weakness in chip stocks offset relief from falling oil prices. The Dow Jones Industrial Average gained 0.5%, while the S&P 500 hovered
Aluminum is trading as if the Gulf shock can be managed Aluminum has been hit by one of the largest supply disruptions in years, but the benchmark price is no longer acting like it. London Metal Exchange three-month aluminum surged
vidia is securing the memory behind the AI boom Nvidia is moving to lock down one of the most important inputs in artificial intelligence: high-bandwidth memory. The company said it has secured AI memory supply from South Korea’s SK Hynix
Oil majors just showed what higher crude can do ExxonMobil and Chevron reported sharply higher
Amazon gave the market the AI payoff it wanted Amazon stock surged 15% Friday after
Leopold Aschenbrenner’s AI fund was forced to sell Leopold Aschenbrenner’s AI-focused hedge fund, Situational Awareness,
Copper is trading like a market with little slack Copper climbed Thursday as tightening physical
Microsoft finally gave investors an AI payoff signal Microsoft just gave the market something it
Nike missed China’s sports boom Nike should be winning in China right now. Sports participation
Oil snapped back as war risk returned Oil prices jumped Wednesday after the US president
The market lost momentum after a strong open US stocks fluctuated Monday after an early
Aluminum is trading as if the Gulf shock can be managed Aluminum has been hit
vidia is securing the memory behind the AI boom Nvidia is moving to lock down
