US equities rose midday led by technology and semiconductor gains following August CPI data. Major ETFs advanced while crude oil tumbled over 2%. Cryptocurrencies traded higher, with Bitcoin climbing…
U.S. equities rallied across the board led by technology, with major indices gaining around 1% despite hotter CPI data. Retreating oil prices and upbeat tech earnings bolstered risk appetite, even as…
US equity indexes surged over 1% in midday trading led by tech and communication shares, brushing off higher Treasury yields following August CPI data. Meanwhile, crude oil prices tumbled over 3%, se…
U.S. stocks surged as falling crude oil prices overshadowed firm core CPI inflation and rising Fed rate-hike odds. Tech titans Apple and Alphabet led market gains, pushing the Nasdaq and S&P 500 high…
Global equities rallied on Friday as US indices surged despite steady August CPI data bolstering expectations for an upcoming Federal Reserve rate hike. Pullbacks in Treasury yields and crude oil pro…
CFTC data shows leveraged funds have built roughly $75 billion in Nasdaq-100 short positions, reaching a four-year high. Net positioning dropped to -$57 billion amid rising Treasury yields and surgin…
August core CPI rose 0.3%, lifting Fed rate-hike expectations to 90%, though major US indexes climbed midday. Microsoft unveiled plans to triple data center capacity by 2032, while Nvidia and partner…
Odds of a Federal Reserve rate hike surged past 85% ahead of the upcoming FOMC meeting following sticky inflation data and elevated oil prices. Rising Treasury yields are increasing pressure on equit…
Markets anticipate a likely Federal Reserve interest rate hike, dampening risk appetite. Meanwhile, cryptocurrency sentiment weakens further as the legislative Clarity Act faces steep odds ahead of a…
Markets brace for an anticipated Federal Reserve interest rate hike in the coming week. Concurrently, the Senate is set to vote on the crypto-focused Clarity Act, though passage of the regulatory fra…
Wharton professor Jeremy Siegel warns that Fed Chair Kevin Warsh will likely hike interest rates next week amid rising bond yields and gasoline prices, triggering an immediate sell-off across equitie…
August US inflation data showed headline CPI rising 0.4% month-over-month and core CPI up 0.3%, keeping annual growth at 3.4%. The hotter-than-expected figures have sharply boosted market expectation…
Oracle confirmed massive full-year CapEx of $90 to $95 billion, sparking double-digit rallies across AI server makers HPE and Dell. The aggressive hyperscaler spending reaffirms robust demand for AI …
Wall Street rallied broadly as all 11 S&P 500 sectors traded in the green. The S&P 500 rose 1%, the Nasdaq gained 1.1%, and the Dow Jones added 0.9%, marking a rare session of universal sector advanc…
US core CPI unexpectedly accelerated to 0.3% month-over-month in August, driven by sticky services and surging energy costs. The hotter reading raised the probability of a 25-basis-point Federal Rese…
U.S. consumer prices rose 0.4% in August, pushing annual inflation to 3.4% alongside surging energy costs. The acceleration boosted expectations for a Federal Reserve interest rate hike next week to …
Oracle shares gained after reporting first-quarter results that helped alleviate market concerns regarding its revenue reliance on OpenAI, signaling sustained enterprise appetite for cloud and AI inf…
Skyworks CEO Phil Brace confirmed the $22 billion Qorvo merger is in its final stages, with only two regulatory approvals remaining. Shares of both chipmakers jumped amid broader semiconductor streng…
Adobe shares slipped after Q4 guidance missed consensus and long-time CEO Shantanu Narayen announced his departure. Despite record Q3 revenue and 150% AI ARR growth, executive turnover unnerved inves…