Anthropic is reportedly targeting a valuation of at least $2 trillion in a potential October IPO, while Chinese memory-chip maker CXMT has overtaken Tencent to become the country’s most valuable listed company. Gold prices retreated from two-month highs as investors booked profits after fresh US inflation data, and oil pared steep losses after reports of
US stocks ended higher on Thursday, with the S&P 500 closing at a fresh record as easing inflation data, falling oil prices and continued strength in technology shares lifted investor sentiment. The S&P 500 rose 0.66% to close at 7,799.73 after briefly crossing the 7,800 mark for the first time during the session. The Nasdaq
Workday (WDAY) shares closed meaningfully higher on Thursday following a Reuters report that the private equity giant Silver Lake is in discussions to acquire the cloud software provider. Talks between the two firms have reportedly taken place behind closed doors in recent months. The media report brought a much-needed reprieve to Workday stock that’s been
Shares of Upwork were headed for their worst single-day decline in three months on Tuesday after the freelance marketplace issued weaker-than-expected guidance, overshadowing second-quarter results that topped revenue and earnings estimates. Upwork shares fell nearly 13% in trading. For the second quarter, the company reported earnings per share of $0.41 on revenue of $191.7 million,
Hopes of progress toward a US-Iran arrangement over the Strait of Hormuz kept energy markets on edge, while gold hovered near a two-month high ahead of key US inflation data. Bitcoin remained under pressure as investors favored traditional safe-haven assets, and OpenAI saw another senior leadership departure as the company prepares for its planned initial
Wall Street ended lower on Tuesday as rising oil prices and renewed uncertainty over the Strait of Hormuz weighed on investor sentiment, while weakness in major technology stocks added pressure ahead of key US inflation data due later this week. The Dow Jones Industrial Average fell about 188 points, or 0.35%, to close at 53,787.57.
CoreWeave (CRWV) shares are ripping higher in extended hours after the company posted market-beating Q2 earnings, citing accelerating artificial intelligence (AI) infrastructure demand. The Livingston-headquartered firm more than doubled its revenue to $2.58 billion, on a per-share loss of $1.14 – much better than $1.41 a share that analysts had forecast. Including post-earnings gains, CoreWeave
Fastly stock went parabolic this week, hitting its highest level since May 5 this year, and 78% from its lowest point in July. It has soared by 174% this year, outperforming the broader stock market as the Nasdaq 100 and S&P 500 have jumped by less than 20% this year. So, can the stock jump
Riot Platforms RIOT shares surged about 14% in premarket trading on Tuesday after a Bloomberg report identified Anthropic as the “leading frontier AI” company behind the Bitcoin miner’s newly announced $9.1 billion infrastructure agreement. Riot had disclosed on Monday that it secured a 20-year contract to provide 191 megawatts of computing capacity from its Rockdale,
Wall Street opened in the green on Tuesday as investors welcomed signs of potential progress toward easing tensions in the Middle East while turning their attention to a crucial week of US inflation data that could shape expectations for Federal Reserve policy. The Dow Jones Industrial Average rose about 101 points, while the S&P 500