Investors are heading into next week’s Federal Reserve meeting with expectations of a rate hike at their strongest levels in months after August inflation data showed that price pressures remain stubbornly high. The Consumer Price Index released Friday showed headline inflation rising 0.4% in August from July and 3.4% over the past year. Both readings
SpaceX (SPCX) stock rose more than 1% on Friday to around $149 after initially slipping, extending its recovery from this week’s decline as investors digested another major artificial intelligence compute agreement. The latest contract could add $1.11 billion in monthly revenue beginning December 1, according to CFO Bret Johnsen, who disclosed the agreement at Goldman
Apple shares AAPL gained 1.1% in trading on Thursday after the company unveiled its iPhone Duo, iPhone 18 Pro and iPhone 18 Pro Max at its latest product event. Wall Street analysts largely viewed the launch constructively, although opinions differed on the strength of the iPhone 18 product cycle and the impact of higher component
Gold and silver rose in early trading Wednesday as investors sought safety amid escalating US-Iran tensions, even as oil’s surge past $100 a barrel and elevated Treasury yields worked against the metals. Spot gold traded near $4,417.87, up 1.46%, while spot silver was at $67.37, up 2.46%, according to Wednesday’s market pricing. Oil spike and
US stocks opened lower on Tuesday as renewed Middle East hostilities pushed oil prices higher, while investors prepared for key inflation data later this week. The moves come after a volatile period in which markets reassessed expectations for Federal Reserve policy following comments from Fed Governor Christopher Waller and stronger-than-expected August employment data. The Dow
The crypto market is doing well this weekend, with altcoins doing better than Bitcoin. Some of the top gainers are coins like Arbitrum (ARB), Zcash (ZEC), and PancakeSwap (CAKE). This article provides a forecast for top coins like Dogecoin (DOGE), Ripple (XRP), and Venice Token (VVV). Dogecoin price prediction The daily chart shows that the
Anthropic, the giant company in the artificial intelligence (AI) space, is planning to launch the biggest IPO in the coming weeks. As this happens, more details, including banker selection and prospectus release date are coming out. Goldman Sachs and Morgan Stanley scoop major roles One of the closely-watched move whenever a company as large as
Earlier this year, a fear psychosis had gripped investors that advances in AI would replace software firms, and the sector was all but written off. Anthropic’s launch of new plugins for its Claude Cowork system in February sparked a global selloff in software firms, with the US markets alone losing $300 billion in market value
US stocks ended lower on Friday after stronger-than-expected August employment data increased expectations that the Federal Reserve could raise interest rates at its September meeting. The Dow Jones Industrial Average fell 0.5% or 279.20 points, while the S&P 500 declined 0.38% and the Nasdaq Composite lost 0.3%. The selling came ahead of the three-day Labor
Bitcoin price BTC has risen 2.3% over the past 24 hours to roughly $78,500, breaking above $78,000 as softer US employment figures, fresh spot ETF inflows, and lower Treasury yields have supported demand for BTC. ADP reported that US private employers added 38,000 jobs in August, below market expectations of roughly 47,000 and the weakest