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S&P 500 Rises on Tame Inflation; CoreWeave Fuels AI Rally
The S&P 500 closed higher after a tame consumer inflation report lifted the tech sector, with CoreWeave's earnings fueling AI optimism across multiple AI-infrastructure names and related movers.
CoreWeave jumps 19%, Nebius 34% on blockbuster AI earnings
AI neocloud providers CoreWeave and Nebius surged in post-earnings trading after reporting explosive revenue growth fueled by hyperscaler demand, though CoreWeave's operating losses widened as it ramp
Consumer prices rose 0.1% in July, as expected, putting the annual rate at 3.4%
July's consumer price index rose just 0.1%, reinforcing expectations that the Federal Reserve will hold rates steady next month as traders cut September hike odds to 42%.
CoreWeave stock soars after company narrows Q2 losses - Yahoo Finance
CoreWeave shares jumped 20% in premarket trading after the company reported a 'cleaner quarter' with narrowed Q2 losses and revenue that doubled from a year earlier, driven by booming demand for AI co
Russia restricts retail crypto to bitcoin, ether, USDT
Russia's central bank will limit retail crypto trading on regulated exchanges to bitcoin, ether, and USDT starting September 1, capping non-qualified investors at 300,000 rubles (~$3,600) per intermed
AI Buildout Adds to Inflation, Splits the Fed
The AI industry's massive spending on data centers, chips, and electricity is driving near-term price increases before any productivity payoff materializes, putting the Federal Reserve in a difficult
CoreWeave surges 16% on $2.58 billion revenue quarter as AI infrastructure demand eclipses crypto
CoreWeave reported Q2 revenue of $2.58 billion, more than doubling year-over-year and beating analyst expectations, sending shares up nearly 17% pre-market. The AI infrastructure provider raised its 2
Yields Flat as Traders Await July CPI Print
U.S. Treasury yields held steady on Wednesday morning as traders positioned ahead of the July consumer price index report, which economists expect to show a 3.4% annual inflation rate and will shape e
Pioneer Generation Fund liabilities exceed balance by nearly S$785 million
Singapore's parliamentary Estimates Committee has flagged that the Pioneer Generation Fund's estimated liabilities exceed its balance by nearly S$785 million, while also noting the S$10 billion Future
Crypto.com launches 1,500 tokenized stock derivatives
Crypto.com launched tokenized derivatives tracking 1,500 U.S. stocks and ETFs for European investors, offering 24/7 synthetic price exposure from $1 but no ownership of the underlying shares.
July CPI Report Set for Wednesday as Markets Await Fed Signal
July CPI data due Wednesday is expected to show a moderate consumer price increase as gasoline eased, placing the Federal Reserve's next rate decision under direct market scrutiny.
Lumentum Guides Q1 FY2027 Revenue $1.225B-$1.275B
Lumentum guided Q1 FY2027 revenue to $1.225B-$1.275B with a 39.5%-40.5% operating margin, following Q4 results that beat estimates as new products ramped.
Oil, Gold Rise as Tensions Build Before CPI
Oil and gold prices climbed as geopolitical tensions escalated and traders positioned ahead of the U.S. CPI report, which could shape expectations for the Federal Reserve's next rate decision.
Super Micro targets $65B-$72B FY 2027 revenue as it guides Q1 sales of $14.5B-$15.5B (NASDAQ:SMCI) - Seeking Alpha
Super Micro Computer (SMCI) projects $65B-$72B in FY 2027 revenue and guides Q1 sales to $14.5B-$15.5B, with Bloomberg noting the outlook tops the most optimistic analyst projection.
Super Micro Q4 Outlook Tops Estimates; SMCI Jumps
Super Micro Computer's Q4 sales outlook surpassed even the most optimistic analyst projection, sending SMCI shares higher in premarket trading as the CFO detailed a $60 billion orderbook spanning emer
SpaceX Stock Could Reach $600, According to Morgan Stanley. Here’s How. - The Motley Fool
Morgan Stanley has set a $600 price target on SpaceX stock, even as another outlet argues the shares still have significantly further to fall in the wake of the company's earnings report.
US Stocks Slip as Oil Swings, Iran Impasse Drags Tech
US stocks retreated further from recent records as volatile oil prices and an unresolved US-Iran standoff dragged on sentiment, with tech shares and Alphabet leading the slide.
U.S. Stocks Slide as Iran Keeps Strait of Hormuz Shut
U.S. equities dropped after Iran declared the Strait of Hormuz will remain closed, pushing the S&P 500 to back-to-back losses as a tech sell-off and U.S.-Iran impasse rattled investors.
Nvidia’s New AI Plan Could Make the Stock Riskier. Cathie Wood Is Piling In. - barrons.com
Nvidia unveiled a new AI-focused Wall Street plan carrying both fresh risk and fresh fuel for the AI boom, drawing Cathie Wood to buy more shares while an AI Capital Consortium calmed credit markets.
Russia Lets Retail Buy Bitcoin, Ethereum, USDT—Not XRP
Russia's central bank published a draft directive letting ordinary investors buy Bitcoin, Ethereum, and Tether's USDT through licensed intermediaries, with annual purchases capped at 300,000 rubles—wh
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