Meta pops 9% as company makes cloud push to sell excess AI compute power capacity
The new business is a welcome signal for some investors who have been uneasy about the company’s infrastructure spending plans.
Fed Chief Kevin Warsh declines to hint at July rate decision, but says inflation ‘too high’
The Fed chairman joined a panel of other central bank leaders Wednesday at the ECB Forum on Central Banking in Sintra, Portugal.
Buy the UK DIP? Defense stocks lifted by $20 billion spending boost as gilts come under fire
British defense stocks are marching higher once again after the U.K. confirmed a near-$20 billion military spending boost on Tuesday.
Tech leads first half stock gains — but the biggest winners weren’t in the U.S.
U.S. Big Tech stocks enjoyed strong gains — despite a sharp sell-off at the end of June — but were largely outperformed by their international counterparts.
New drug data makes this French biotech stock a buy, says Jefferies
Analyst Faisal Khurshid upgraded the stock to buy from hold.
Gold losses ease after worst quarter in 13 years as interest rate fears hit bullion
Gold fell further on Wednesday, with bullion continuing its slide after suffering its worst quarter since 2013.
OpenAI, Anthropic backer MGX raises one of the biggest AI funds ever as it closes at $49 billion
The company is a backer of major AI companies including OpenAI and Anthropic, alongside Elon Musk’s xAI, prior to its merger with SpaceX.
Treasury yields rise as Fed Chairman Warsh says ‘prices are too high’
U.S. Treasury yields rose on Wednesday, as investors awaited more data and clues on the Federal Reserve’s monetary policy path.
Europe’s defense boom faces a new test: Can it actually deliver weapons?
Europe’s defense boom faces a test as investors weigh whether budgets and backlogs can become weapons, factories and returns.
Xi touts China Communist Party’s global influence in speech marking 105th anniversary
Chinese President Xi Jinping spoke Wednesday to commemorate the 105th anniversary of the ruling Communist Party of China.
