US stocks fell on Thursday as oil prices climbed above $100 a barrel, fuelling concerns over inflation and increasing expectations that the Federal Reserve could raise interest rates next week. The Dow Jones Industrial Average fell 316 points, or 0.60%, while the S&P 500 declined 0.58%. The Nasdaq Composite also dropped 0.65%. The declines came
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
Solana is down 2% on Tuesday and is now trading around $102. However, several large derivatives traders are betting that the cryptocurrency will resume its recent uptrend. Five whale addresses on Hyperliquid opened a combined $9.11 million in SOL long positions between September 7 and September 8, according to CoinGlass data. The positions come ahead
SanDisk stock SNDK has gained 500% this year so far. While the memory market has been notoriously cyclical, SanDisk is attempting to reduce its exposure to the traditionally cyclical NAND memory market through a new long-term agreement business model. Under these agreements, the company commits to delivering specified volumes of products over multiple years, while
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
Fighting between the US and Iran intensified around the Strait of Hormuz, pushing energy prices higher as concerns grew over prolonged disruption to global supplies. Waymo is nearing a deal to raise more than $3 billion in debt as Alphabet’s autonomous-driving unit seeks additional funding for expansion. Gold rebounded from a near one-month low as
US stocks rose on Wednesday as Treasury yields eased from recent multiyear highs, allowing the major indexes to recover part of their losses from a three-day losing streak. Investors also assessed higher oil prices, renewed US-Iran tensions and recent economic data for clues about inflation and Federal Reserve policy. The Dow Jones Industrial Average gained
On Monday, the FTC announced a lawsuit against Amazon, alleging it misled advertisers about pricing. Gold prices fell as higher rate expectations and rising oil prices weighed on the metal. Oil prices climbed after renewed US-Iran military action raised concerns about supply disruptions. Bitcoin traded around $79,000 as bond yields approached multi-year highs and traders