Why CoreWeave Stock Fell 30% in Just 1 Month
CoreWeave stock declined 30% in one month as investor focus shifted from growth to profitability concerns amid competitive pressures in AI infrastructure markets.
Treasury Secretary Bessent backs rate cuts but says he understands if the Fed wants to wait
Treasury Secretary Scott Bessent expressed confidence that inflation will moderate through the year, giving the Federal Reserve room to cut interest rates, though he acknowledged understanding the central bank’s cautious approach.
TSMC to invest additional $100 billion in Arizona after second-quarter profit soars 77%
TSMC reported a 77.4% jump in second-quarter profit and announced an additional $100 billion investment in Arizona, bringing its total state investment to $265 billion.
Why aren’t oil prices higher? Staggering drop in energy demand leaves strategists puzzled.
Despite major Middle East geopolitical tensions and significant oil supply losses, crude prices remain well below their April-May peaks as unexpectedly sharp global demand destruction keeps the market balanced.
AT&T’s Q2 Beat Suggests the Wireless Giants Still Have Room to Run
AT&T exceeded expectations in its second-quarter earnings, reporting adjusted EPS of $0.65 and free cash flow of $4.7 billion, driven by strong subscriber growth and network expansion.
Elon Musk Warns Short Sellers as $25 Billion Bet Builds Against SpaceX Ahead of Earnings
SpaceX shares have drawn $25 billion in short bets since its June IPO, with short interest reaching 32% of the float ahead of the company’s first earnings report on August 4.