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S&P 500 Up on CoreWeave AI Optimism; July CPI at 3.4%
US stocks closed with the S&P 500 ending higher on CoreWeave-fueled AI optimism, while broader markets stayed mixed after July CPI rose 0.1% to a 3.4% annual rate and core inflation came in subdued.
July CPI Rises 0.1%, Annual Rate Holds at 3.4%
US consumer prices rose a mild 0.1% in July, keeping annual inflation at 3.4% and reinforcing expectations that the Federal Reserve will hold interest rates steady, though Reuters cautioned the econom
SpaceX short sellers are running out of bullets as stock rebounds more than 40% off low
Short sellers are rapidly exiting their bearish bets on SpaceX as the stock rebounds more than 40% from its August low, driven by a surge in available shares and forced buybacks to close positions.
Goldman Sachs Buys NEOS for $2.25B, Gains Bitcoin Income ETF
Goldman Sachs is acquiring NEOS Investments for up to $2.25 billion, instantly inheriting the ~$1 billion BTCI Bitcoin covered-call fund and a $30 billion options-income ETF book — a faster route than
Nebius Surges 28% on Revenue Beat as GPU Prices Triple
Nebius shares jumped 28% after the Nvidia-backed AI cloud company posted a quarterly revenue beat, with Barron's suggesting Michael Burry may be helping fuel the rally and Morningstar flagging that GP
July CPI Rises 3.4% as Energy Costs Stay Elevated
Consumer prices rose 3.4% over the past year in July, down slightly from June's 3.5%, as energy costs remained sharply higher while food and core categories showed more moderate increases.
Lakers Sold for Record $12.5bn to Kushner and Iger
The Los Angeles Lakers are being sold for a reported record-breaking $12.5bn to Josh Kushner and former Disney CEO Bob Iger, less than a year after Mark Walter's previous record $10bn acquisition from
Retail Investors Face Three New Threats to Their Edge
Three converging changes — less frequent corporate earnings reports, reduced Federal Reserve communication, and a paid Truth Social data feed — threaten to erode the information advantage retail inves
Bitcoin Barely Budges as July CPI Hits 3.4%
U.S. July inflation cooled to 3.4% annually as economists expected, but Bitcoin barely reacted — climbing just 0.3% to roughly $63,750 — because traders had already priced in the dovish data weeks bef
Bitcoin eyes $63K as US CPI relief sends September Fed rate pause odds to 60%
Bitcoin fell below $63,500 despite July US CPI inflation matching expectations at 0.1% month-on-month and 3.4% year-on-year, as traders priced 60% odds of a September Fed rate hold while analysts warn
Crypto Long & Short: When capital can't move fast enough, markets pay the price
LMAX Group's Jenna Wright argues in this week's Crypto Long & Short that markets break down when capital is trapped by slow settlement cycles — not from a shortage of capital — and frames stablecoins
CoreWeave surges 18% as revenue doubles, lifts outlook
CoreWeave shares surged after the AI cloud provider doubled its revenue year-over-year and raised its outlook, with peer Supermicro's strong earnings amplifying a broader rally in AI infrastructure st
Kalshi Streams Order Book Data via DoubleZero Edge
Prediction market Kalshi is distributing its real-time order book through DoubleZero Edge's fiber network, giving trading firms subscription access to live sports and crypto data in a machine-readable
Bulls Pile Into Calls But Hoard Cheap Crash Puts
The S&P 500 sits at an all-time high with VIX near yearly lows, but beneath the calm, traders are simultaneously holding the most bullish S&P call positioning in a year while hoarding deep out-of-the-
CoreWeave Surges 20% on Doubled Revenue
CoreWeave shares surged 20% after the AI cloud company reported earnings showing revenue doubled year-over-year, with management calling it "an important inflection point" and pulling up other AI infr
July CPI Rises 0.1% Monthly, 3.4% Annually
July's consumer price index rose 0.1% for the month and 3.4% annually, matching expectations and triggering a rally in stock futures led by AI-related shares.
U.S. consumer prices rise slightly in July, easing inflation concerns
U.S. consumer prices rose just 0.1% in July after June's surprise decline, keeping annual inflation at 3.4% and weakening the case for a Federal Reserve interest rate hike at next month's policy meeti
World's largest sovereign wealth fund posts record $184 billion profit as it reveals SpaceX stake for the first time
Norway's $2.34 trillion sovereign wealth fund posted a record $184.9 billion half-year profit and disclosed its first-ever SpaceX stake valued at $1.2 billion, while CEO Nicolai Tangen warned the fund
World's largest sovereign wealth fund posts record $184 billion profit as it reveals SpaceX stake for the first time - CNBC
Norway's sovereign wealth fund, the world's largest, posted a record $184 billion profit and disclosed its SpaceX stake for the first time.
Aurora Cannabis to Review Takeover Bid From Rival Curaleaf - WSJ
Curaleaf has launched a $272 million hostile takeover bid for Aurora Cannabis, and Aurora's board is reviewing the unsolicited offer.
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