US stocks fell for a third straight session on Wednesday as rising oil prices and Treasury yields added to investor concerns over inflation and the Federal Reserve’s interest-rate path. The Dow Jones Industrial Average dropped 405.41 points, or 0.77%, to 52,380.66. The S&P 500 fell 0.48% to 7,636.36, while the Nasdaq Composite declined 0.64% to
Wall Street stocks fell on Tuesday as renewed tensions in the Middle East pushed oil prices higher, while investors turned their attention to inflation data that could influence the Federal Reserve’s interest-rate decision next week. The Dow Jones Industrial Average dropped 617 points, or 1.16%, to 52,797.10, while the S&P 500 fell 0.58% to 7,673.94.
Broadcom is emerging as a major beneficiary of the rapid expansion in artificial intelligence infrastructure, with its AI semiconductor business posting strong growth and the company raising its long-term revenue outlook. The semiconductor and infrastructure software company expects AI revenue to reach $115 billion in fiscal 2027 and $230 billion in fiscal 2028, supported by
Chainlink price has climbed more than 8% over the past 24 hours to trade near $13.26, extending its seven-day gain to roughly 18% after LINK broke through the $12 resistance area. CoinGecko puts LINK at $13.26 at the time of writing, after the token moved as high as roughly $13.66 during the latest push. LINK
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
Blue Owl stock has staged a strong comeback in recent months, climbing from a low of $7.60 in April to around $11.85 currently. The rally could have further room to run after the stock formed a golden cross and a bullish flag pattern, while fading jitters across the AI sector could provide an additional tailwind.
Volkswagen announced a painful restructuring, and investors responded by sending the shares sharply higher. The German automaker plans to eliminate another 50,000 jobs by 2030, taking planned reductions to about 100,000, while cutting its model range roughly in half. Volkswagen stock jumped about 7% in early Frankfurt trading on Friday after its supervisory board unanimously
Chinese artificial intelligence start-up Moonshot AI has taken a major step towards the public markets, confidentially filing for a Hong Kong initial public offering that could raise about $3 billion, sources told Reuters on Thursday. The Beijing-based company, best known for its Kimi chatbot and large language models, submitted the filing as competition for capital
Microsoft’s relationship with OpenAI has been central to its artificial intelligence strategy, but a forthcoming model highlights a growing risk as more powerful AI may also become harder to deploy quickly. OpenAI said on September 1 that Astra has reached the “Critical” cybersecurity capability threshold under its Preparedness Framework, the first OpenAI model to receive
HYPE has gained around 4.5% over the past 24 hours to trade near $84, leaving Hyperliquid just below the $85 to $85.5 resistance area that could determine whether the token can extend its move towards $100. Hyperliquid Strategies said last week that US President Donald Trump had stated on Aug. 19 that CFTC Chairman Michael