
The USD/JPY exchange rate tumbled to its lowest level since May 14 as investors reacted to last week’s Federal Reserve and Bank of Japan (BoJ) interest rate decisions and the latest interventions by the US and Japanese authorities. It plunged to 157.45, down by over 4% from the year-to-date high. Japanese yen surges on US […]
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Rivian did something unusual in a week dominated by expanding artificial-intelligence budgets: it told investors it could spend less, lose slightly less and still deliver more vehicles. Shares closed 2.9% higher at $16.83 on Thursday ahead of the results, then added about 2% after hours to around $17.24. The move was modest, but the signal […]
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CoreWeave spent July absorbing two different catastrophes, and the market has not yet separated them. The first was fundamental: on July 17, Meta announced Meta Compute — the biggest AI capex spender turning compute vendor — and struck directly at the GPU-cloud business model. The second was mechanical: CoreWeave was a $697 million position in […]
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The S&P 500 Index remains under pressure this month, and this week’s events will determine whether it will bounce back. It was trading at 7,457 points, down by 2.10% from its highest point this year. This article highlights some of the key catalysts that will drive the SPX and VOO ETFs this week. S&P 500 […]
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