The Nasdaq Composite rose 0.04% to 26,831.94 on Tuesday after Anthropic’s IPO prospectus revealed plans to spend $518 billion on cloud and AI infrastructure. The Dow Jones Industrial Average was roughly flat, and the S&P 500 held a modest gain. Several AI-linked names that jumped sharply at the open, including Nvidia, Micron and SanDisk, pared
Costco Wholesale (COST) posted market-beating financials for its fourth quarter last night, which is why the retailer’s share price sits comfortably in the green at writing. Yet, a deeper dive into COST’s balance sheet suggests it’s actually brewing something even more exciting than strong quarterly figures — at least for income-focused investors. Versus its year-to-date
Microsoft (MSFT) stock rallied about 4% on Friday after the software giant unveiled a major expansion of its Copilot AI assistant, adding coding capabilities, autonomous AI agents, and direct access to Office applications. The latest update is part of Microsoft’s effort to turn Copilot into a broader productivity platform for enterprise users, bringing together tools
Oil prices fell Friday as reports that US and Iranian negotiators are exploring a phased deal to reopen the Strait of Hormuz eased some supply concerns. Brent crude was trading at $106.03 a barrel, down 0.53%, as of late Friday morning. It had opened at $107.06 and traded in a range of $104.40 to $107.17
Nike (NKE) shares have come under pressure on Friday after a Bank of America analyst, Lorraine Hutchinson, downgraded the athletic footwear company to underperform. In her research note, Hutchinson lowered her price target on NKE to $30, signalling potential downside of another 15% from current levels. Her bearish call is particularly significant given Nike stock
Nike (NKE) shares have come under pressure on Friday after a Bank of America analyst, Lorraine Hutchinson, downgraded the athletic footwear company to underperform. In her research note, Hutchinson lowered her price target on NKE to $30, signalling potential downside of another 15% from current levels. Her bearish call is particularly significant given Nike stock
Crude oil price will be in the spotlight on Monday as traders react on the new developments in the US-Iran war. Brent, the global benchmark, has dropped to $97.6, down modestly from this month’s high of $109.96. West Texas Intermediate (WTI) ended the week at $92 as traders reacted to signs of a potential deal
US companies have been delivering one of the strongest earnings seasons in years, but the market response has exposed a problem for anyone still treating a quarterly beat as the main event. By early August, 86 percent of S&P 500 companies that had reported second quarter results had exceeded earnings estimates, according to FactSet. That
Anthropic is reportedly targeting a November Nasdaq listing at a valuation investors are discussing near $2 trillion. That figure would more than double the $965 billion post-money valuation set in the company’s May 2026 Series H round, and it would make Anthropic’s IPO the largest by valuation, eclipsing SpaceX’s reported $1.77 trillion debut earlier this
Speaking this morning with CNBC, former Bridgewater Associates chief investment strategist and Council on Foreign Relations senior fellow Rebecca Patterson delivered a firm market assessment, doubling down on her cautious stance toward 10-year Treasury bonds. Reiterating her advice against buying the benchmark 10-year note, Patterson warned that fixed-income markets have undergone a fundamental shift. While