Dollar Climbs on Escalation of Middle East Hostilities
The dollar index (DXY00) is up by +0.09% today. The dollar is supported by today’s equity market slump, which has…
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Labor Market
Zhipu seeks $4B in Hong Kong share sale after AI stock rally
Chinese artificial intelligence company Knowledge Atlas Technology JSC, better known as Zhipu AI, is seeking to raise around $4 billion…
Can Meta Platforms Become a Neocloud? Don’t Hold Your Breath.
Key Points Meta Platforms intends to have tens of gigawatts of compute capacity available in a decade, which will help…
Stocks Pressured as US-Iran Hostilities Resume
The S&P 500 Index ($SPX) (SPY) today is down -0.49%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.96%, and the Nasdaq 100…
Penguin Solutions stock jumps 18% as AI demand, Nvidia deal drive analyst upgrades
Penguin Solutions Inc. (PENG) shares surged 18% on Wednesday after the company delivered stronger-than-expected fiscal third-quarter results. It has prompted…
Why Did Sandisk Stock Pop Today?
Key Points Sandisk (NASDAQ: SNDK) stock is bouncing back from yesterday’s meltdown on Wednesday — and color me unsurprised. Shares…