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Finance News — Page 23
S&P 500 Hits Record on Softer Inflation
The S&P 500 climbed to a record high as the latest inflation data came in softer than expected, with oil prices dropping and the Nasdaq also gaining ground in the same session.
Bullish Set to Report Q2 Earnings Amid 80% Stock Drop
Bullish, the parent company of CoinDesk, is set to report Q2 earnings with analysts expecting $88.44 million in revenue, as shares trade 80% below their all-time high one year after its IPO.
Wealth managers are cutting fees and hiring staff in Silicon Valley to win over OpenAI and Anthropic workers before IPOs mint a new class of millionaires (Financial Times)
Wealth managers are cutting fees and expanding Silicon Valley staffing to win over equity-rich OpenAI and Anthropic employees ahead of anticipated IPOs that could mint a new class of millionaires.
Bitcoin slips near $63,500 as traders look past CPI to Fed’s next tests
Bitcoin drifted to around $63,500 after July CPI landed exactly on forecasts — enough to calm rate-cut nerves but not enough to give crypto a reason to rally, leaving traders focused on Jackson Hole a
Kospi Enters Bull Market on AI Rally, Up 23% From July Low
South Korea's Kospi surged into technical bull market territory on Thursday, driven by AI-fueled gains in chip heavyweights Samsung Electronics and SK Hynix that erased the index's late-July sell-off
Japan wholesale inflation eases slightly to 7.2%, undershooting expectations
Japan's wholesale inflation came in at 7.2% year-on-year in July, undershooting economist expectations of 7.4% as electricity gains were partly offset by declines in energy and chemicals prices.
Cisco Q4 Beats on AI Demand, Stock Slips
Cisco topped Q4 earnings, revenue, and sales outlook estimates on AI equipment demand and what Bloomberg called 'broad-based' record demand, yet CSCO slipped in after-hours trading despite the across-
Zerohash's Trust Bank Application Returned by OCC
The OCC returned Zerohash's application for a national trust bank charter on July 17 as 'materially deficient,' and the crypto infrastructure provider said it plans to re-file with a narrower scope by
Cisco forecasts annual revenue above estimates on sustained AI spending - reuters.com
Cisco posted an earnings beat and raised its annual revenue outlook above analyst estimates, crediting sustained AI demand — yet shares fell roughly 9%, dragging down the Dow.
Cisco Profit Jumps on AI Demand Despite Stock Drop
Cisco reports a sharp profit increase driven by surging AI-related demand, beating sales outlook expectations despite a drop in its stock price.
Cisco Beats Estimates, Lifts Outlook on AI — Stock Drops
Cisco posted Q4 earnings and revenue that beat Wall Street estimates and forecast annual revenue above consensus on sustained AI spending, but its stock still fell in the immediate reaction.
Nasdaq Charges Higher on July CPI; CoreWeave Soars
Wall Street climbed near record highs after July's CPI showed consumer prices rose just 0.1% monthly and 3.4% annually, fueling a broad Nasdaq rally led by AI stocks and an outsized surge in Nvidia pa
SpaceX Stock Lifts Off After Musk’s All-Hands Meeting and More Starlink Satellites - Barron's
SpaceX shares rebounded sharply — climbing back above their IPO price — after Elon Musk held an all-hands meeting and the company launched more Starlink satellites, squeezing short sellers along the w
CoreWeave and Nebius Group Deliver Earnings Shocker. Here's What It Signals About the Future of AI. - The Motley Fool
AI infrastructure stocks rallied sharply after CoreWeave and Nebius Group both posted earnings beats, with CoreWeave gaining 19% and Nebius surging 34% in post-earnings trading.
Up 26% Since July 29, Is It Too Late to Buy Microsoft Stock? - The Motley Fool
Microsoft stock has surged 26% since July 29, but analysts remain divided on whether it's a buy, sell, or fairly valued, with the stock still trailing the S&P 500 despite clearing a key hurdle.
CoreWeave +19%, Nebius +34% as AI Infrastructure Stocks Surge
CoreWeave and Nebius Group posted strong earnings that exceeded expectations, sparking a broad rally in AI infrastructure stocks with CoreWeave gaining 19% and Nebius surging 34%.
Here are five key takeaways from the July CPI inflation report
The July CPI report came in largely on target with core inflation at 2.5% annually, but the moderation is heavily energy-driven and faces upside risks from a recent 10% crude oil spike.
Wall Street Bulls Hedge While Chasing the Rally
Wall Street's breakout rally is pulling in FOMO-driven traders, but underneath the bullishness lurks enough anxiety that bulls are simultaneously buying crash protection — and some are even abandoning
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Morgan Stanley: Underestimating SpaceX's AI Unit
Morgan Stanley is warning that investors are underestimating SpaceX's AI unit, a thesis Yahoo Finance echoed by projecting SpaceX's high-margin software business could reach $33 billion in value.
Nvidia Stock Rises as Huang Eases Debt Fears
Nvidia's stock climbed after CEO Jensen Huang pushed back on investor debt concerns, with an Aug. 26 update on the chipmaker's $1 trillion GPU opportunity now on the calendar.
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