Micron stock sinks 10%, further cratering in post-earnings sell-off
Since reporting blowout earnings March 18, the memory maker’s shares have slid about 30%.
China suppliers warn of higher prices for Americans due to Strait of Hormuz closure
The Iran war has stalled shipments of oil and its products through the Strait of Hormuz, raising concerns among Chinese manufacturers about supply chain disruptions.
Powell sees inflation outlook in check, no need to hike rates because of oil shock
Federal Reserve Chair Jerome Powell spoke Monday at Harvard University.
Iran’s attacks on aluminum producers are sending ‘shockwaves’ through the metals market
Aluminum hit prices not seen since 2022 after Iranian attacks on two Middle Eastern producers over the weekend, amid fears of a supply crisis.
401(k) alternative asset rule proposed by Labor Department
The Department of Labor has proposed a rule to let 401(k) plans more easily include alternative assets such as private equity, cryptocurrencies and real estate.
Samsung-backed AI chip firm Rebellions raises $400 million ahead of IPO
Rebellions’ chips are focused on AI inferencing, putting it in competition with Nvidia as well as other startups from Groq to Cerebras.
Pessimism sets in for Europe as Iran war hits economic and consumer confidence
Economic sentiment in Europe plummeted in March, according to the latest flash data released on Monday.
Quantum technology firms race to market as the industry sees ‘inflection point’
Quantum technology firms are braving turbulent markets to publicly list this year, as the nascent industry looks towards commercialization.
Treasury yields slide as traders pare bets on Fed rate cuts
U.S. Treasury yields were lower on Friday as investors looked ahead to job data for the week and monitored the U.S.-Iran war, which entered its fifth week.
Mistral secures $830 million in debt financing to fund AI data center
Mistral is one of the few European startups building foundational AI models.
