Hopes of progress toward a US-Iran arrangement over the Strait of Hormuz kept energy markets on edge, while gold hovered near a two-month high ahead of key US inflation data. Bitcoin remained under pressure as investors favored traditional safe-haven assets, and OpenAI saw another senior leadership departure as the company prepares for its planned initial
Wall Street ended lower on Tuesday as rising oil prices and renewed uncertainty over the Strait of Hormuz weighed on investor sentiment, while weakness in major technology stocks added pressure ahead of key US inflation data due later this week. The Dow Jones Industrial Average fell about 188 points, or 0.35%, to close at 53,787.57.
CoreWeave (CRWV) shares are ripping higher in extended hours after the company posted market-beating Q2 earnings, citing accelerating artificial intelligence (AI) infrastructure demand. The Livingston-headquartered firm more than doubled its revenue to $2.58 billion, on a per-share loss of $1.14 – much better than $1.41 a share that analysts had forecast. Including post-earnings gains, CoreWeave
Samsung Electronics shares rebounded sharply on Tuesday while SK Hynix stayed in the red, splitting South Korea’s two biggest memory-chip makers. Samsung was up 3.26% by 11:20 AM KST after opening lower, while SK Hynix fell 1.90%. The KOSPI reversed an opening decline of 0.95% to gain 0.53%, helped by 1.29 trillion won of net
Rocket Lab (NASDAQ: RKLB) delivered record revenue and backlog in the second quarter, yet its shares fell after earnings as investors focused on execution. Revenue rose 62% to $234.1 million, while backlog jumped 137% to $2.36 billion. The company guided for third-quarter revenue of $250 million to $265 million, above Wall Street expectations. Shares nevertheless
Oil’s rebound is reviving the inflation problem markets thought was beginning to fade. Brent crude climbed to $88 a barrel on Tuesday, its highest since July 31, while West Texas Intermediate reached $82.45 after both benchmarks surged about 5% on Monday. The move followed a fresh deterioration in US-Iran diplomacy, with President Donald Trump adding
Gold climbed to its highest level in more than two months on Tuesday, extending a three-session rally as investors rebuilt safe-haven positions and prepared for US inflation data that could determine whether the Federal Reserve stays on hold in September. Spot gold rose 1% to $4,432.74 an ounce by 2.17 am GMT, its strongest level
Lighter (LIT) price has gained more than 6% over the past 24 hours and roughly 22% over the past seven days as renewed rumors of a deeper Robinhood Chain integration have added to buying pressure already supported by whale accumulation and token burns. CoinGecko data showed LIT trading around $2.48 on August 11, giving the
Nvidia is turning to Wall Street to keep the AI spending boom moving, expanding from selling chips to helping customers finance the infrastructure that uses them. The company announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilise more than $500 billion of third-party capital for AI infrastructure over time. The memorandums
Bitcoin price has fallen about 1.8% over the past 24 hours to around $63,950 after another attempt to hold above $65,000 failed, and sellers pushed BTC back toward its immediate support zone. According to CoinGecko data provided for this report, Bitcoin traded as high as roughly $65,300 during the latest 24-hour period before sliding to