Evening digest: US jobs shrink, gold surges, Senate passes Russia sanctions
A weaker-than-expected US jobs report showed the labor market contracted in July, prompting investors to scale back expectations for a Federal Reserve rate
Economy
Economy
Dow rises as S&P 500 hits record after weak jobs data eases Fed fears
US stocks ended higher on Friday, with the S&P 500 closing at a record high as weaker-than-expected July jobs data reduced expectations for
Economy
Stablecoins hit 300M users as apps like Rizon push dollar banking into 122 countries
Retail crypto trading has cooled, but the dollar-pegged tokens underneath it are having their best year. “In the past 12 months, there’s been
Economy
TLT ETF slumps as US debt nears $40 trillion, 30-year yield jumps
The popular iShares 20+ Year Treasury Bond ETF (TLT) has slumped into a correction as its outflows rose and as long-term US bond
Economy
Stablecoins hit 300M users as apps like Rizon push dollar banking into 122 countries
Retail crypto trading has cooled, but the dollar-pegged tokens underneath it are having their best year. “In the past 12 months, there’s been
Economy
These 2 AI stocks are getting crushed: Goldman Sachs says buy the dip
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
Economy
These three AI stocks are must-own after SpaceX earnings call
SpaceX (SPCX) inaugural earnings call following its blockbuster debut on Nasdaq sent “seismic” ripples across Wall Street. While investors digested the aerospace giant’s
Economy
From Meta to OpenAI: AI security enters a new era as autonomous cyberattacks emerge
Artificial intelligence companies are facing growing scrutiny after Meta became the latest developer to reveal that one of its AI models carried out
Economy
Has Atlassian, ServiceNow performance this quarter reduced SaaSocalypse fears
Wall Street’s concerns that artificial intelligence would trigger a “SaaSocalypse” for enterprise software companies are facing a fresh test as a series of
Economy
WTI and Brent oil prices jump as Iran issues demands to reopen Strait of Hormuz
Crude oil prices rose on Hyperliquid as Iran issued a list of demands for reopening of the Strait of Hormuz. WTI perpetual futures