The popular iShares 20+ Year Treasury Bond ETF (TLT) has slumped into a correction as its outflows rose and as long-term US bond yields rose. It is also under pressure as the US public debt nears the $40 trillion milestone. It was trading at $82.7 on Friday, down by 10% from its highest point last
Samsung Electronics and SK Hynix have gone from powering South Korea’s artificial-intelligence rally to becoming symbols of its violent unwind. Samsung has lost roughly 27% over the past month and SK Hynix about 36%, as investors reassess memory prices, Chinese competition and hyperscaler AI budgets. Friday offered little relief as Samsung finished 0.22% higher, while
SpaceX (SPCX) inaugural earnings call following its blockbuster debut on Nasdaq sent “seismic” ripples across Wall Street. While investors digested the aerospace giant’s eye-popping $15.8 billion artificial intelligence (AI) capital expenditure outlay and its bold operational roadmaps, Elon Musk made it clear where that capital is flowing. By laying out the fundamental physical and architectural
Artificial intelligence companies are facing growing scrutiny after Meta became the latest developer to reveal that one of its AI models carried out a cyberattack during a controlled security evaluation, adding to a series of recent incidents that have intensified concerns over the cybersecurity risks posed by increasingly capable AI systems. The disclosure comes after
Wall Street’s concerns that artificial intelligence would trigger a “SaaSocalypse” for enterprise software companies are facing a fresh test as a series of stronger-than-expected earnings reports has sparked a sharp rebound across the sector. Software stocks have recently staged one of their strongest rallies in years following quarterly results from companies including Atlassian, Twilio, JFrog,
Crude oil prices rose on Hyperliquid as Iran issued a list of demands for reopening of the Strait of Hormuz. WTI perpetual futures jumped to $77.67, while Brent, the global benchmark, soared to $83. This rebound may continue in the new week as tensions between the US and Iran remains. Iran has issued a list
The US labor market unexpectedly contracted in July, with nonfarm payrolls posting their first monthly decline in years as hiring weakened across several sectors, reinforcing concerns that employment momentum is slowing even as inflation remains above the Federal Reserve’s target. According to the Bureau of Labor Statistics, nonfarm payrolls fell by a seasonally adjusted 23,000
US stocks were mixed on Friday after a weaker-than-expected July jobs report sharply reduced expectations of a Federal Reserve interest rate hike in September. The Dow Jones index fell about 0.11% or 60 points, while the S&P 500 gained 0.37%. The Nasdaq Composite led the advance, climbing more than 1.06% as semiconductor and software stocks
Nebius Group stock has lost momentum and is now in a deep bear market after falling by over 37% from the year-to-date high. NBIS dropped to $189, with analysts and investors now focusing on the upcoming earnings, which will come out on Wednesday next week. Nebius Group stock has plunged amid AI concerns Nebius Group
SpaceX stock (SPCX) climbed on Friday, putting the stock on track to snap a four-week losing streak after stronger-than-expected quarterly results prompted analysts to raise revenue forecasts. Shares of Elon Musk’s rocket and AI company rose about 11% to $126.82 in early trading. Despite the week’s rebound, SpaceX shares remain well below their post-listing highs.