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—— Oracle Shares Slide as Surging AI Data Center Spending Ignites Profitability Concerns; Knicks Complete Historic 29-Point Comeback in Game 4; Ken Griffin Modifies Multi-Billion Dollar Miami Tower Plan; Trump Pulls Back Threatened Iran Strikes; New El Niño Emerges from Tropics; Gold Slumps to Six-Month Low; Wimbledon Raises Prize Money to Record £64.2mn 1. Oracle …

Continue reading “Market Beats | Oracle Shares Slide as Surging AI Data Center Spending Ignites Profitability Concerns; Knicks Complete Historic 29-Point Comeback in Game 4; Ken Griffin Modifies Multi-Billion Dollar Miami Tower Plan; Trump Pulls Back Threatened Iran Strikes; New El Niño Emerges from Tropics; Gold Slumps to Six-Month Low; Wimbledon Raises Prize Money to Record £64.2mn”

—— US Inflation Jumps to Three-Year High of 4.2% in May; Amazon Inks $17.5 Billion Bank Loan Led by Citigroup; Man Accused of Igniting Historic Los Angeles Wildfire to Face Trial; Private Equity Faces Valuation Reckoning; Bill Gates Arrives on Capitol Hill to Testify Before House Panel; Mega IPOs and Tech Share Sales Set to …

Continue reading “Market Beats | US Inflation Jumps to Three-Year High of 4.2% in May; Amazon Inks $17.5 Billion Bank Loan Led by Citigroup; Man Accused of Igniting Historic Los Angeles Wildfire to Face Trial; Private Equity Faces Valuation Reckoning; Bill Gates Arrives on Capitol Hill to Testify Before House Panel; Mega IPOs and Tech Share Sales Set to End Over Two Decades of Shrinking US Equity Supply; Pimco Warns ‘Credit Loss Cycle Is Upon Us’ as AI Boom Risks Hitting Weaker Borrowers”

—— New York Governor Signs Law Restricting ICE Operations; US May Job Growth Outpaces Forecasts; Point72 Explores Tap on Trading Insights from External Hedge Funds; SpaceX Plans Record Retail Share Allocation in Massive IPO; Traders Fully Price In Fed Rate Hike by Year-End; Meta Weighs Raising Equity Following Alphabet’s Funding Success; Bitcoin Drops Below $60,000 …

Continue reading “Market Beats | New York Governor Signs Law Restricting ICE Operations; US May Job Growth Outpaces Forecasts; Point72 Explores Tap on Trading Insights from External Hedge Funds; SpaceX Plans Record Retail Share Allocation in Massive IPO; Traders Fully Price In Fed Rate Hike by Year-End; Meta Weighs Raising Equity Following Alphabet’s Funding Success; Bitcoin Drops Below $60,000 for First Time Since October 2024”

—— Train Fire Near Hudson River Tunnels Disrupts Rail Service; Dell Shares Surge as AI Server Demand Prompts Explosive Sales Forecast; Anthropic Valuation Surge to $965 Billion; UBS Eliminates Hundreds of EMEA Roles; Citadel Securities Posts Record $4.3 Billion Q1 Trading Revenue; Canada Edges Into Technical Recession; Blue Origin’s New Glenn Rocket Explodes in Launchpad …

Continue reading “Market Beats | Train Fire Near Hudson River Tunnels Disrupts Rail Service; Dell Shares Surge as AI Server Demand Prompts Explosive Sales Forecast; Anthropic Valuation Surge to $965 Billion; UBS Eliminates Hundreds of EMEA Roles; Citadel Securities Posts Record $4.3 Billion Q1 Trading Revenue; Canada Edges Into Technical Recession; Blue Origin’s New Glenn Rocket Explodes in Launchpad Test”

—— Oxford Vaccine Production Set to Begin for Ebola Strain; Eli Lilly Agrees to Buy Three Vaccine Makers for Up to $3.8 Billion; Micron Market Cap Hits $1 Trillion; Qualcomm Clinches Deal with ByteDance to Supply AI Data Center Chips; ByteDance Offers Special Stock to AI Lab Staff to Curb Rival Poaching; Energy Shock from …

Continue reading “Market Beats | Oxford Vaccine Production Set to Begin for Ebola Strain; Eli Lilly Agrees to Buy Three Vaccine Makers for Up to $3.8 Billion; Micron Market Cap Hits $1 Trillion; Qualcomm Clinches Deal with ByteDance to Supply AI Data Center Chips; ByteDance Offers Special Stock to AI Lab Staff to Curb Rival Poaching; Energy Shock from Iran War Shrinks Real Wages Across Rich Countries; Trump Administration Moves to Create Government-Wide NDA for Federal Workers”

—— Meta Cuts 8,000 Jobs in Global AI Pivot; Target Sales Post Best Gain in Four Years; Scion and Ares Acquire US Student Housing Portfolio for $910mn; Harvard Faculty Votes to Cap Undergraduate A Grades to Curb Grade Inflation; Pentagon to Reduce US Troops in Europe to Pre-2022 Invasion Levels; OpenAI Prepares Confidential IPO Filing …

Continue reading “Market Beats | Meta Cuts 8,000 Jobs in Global AI Pivot; Target Sales Post Best Gain in Four Years; Scion and Ares Acquire US Student Housing Portfolio for $910mn; Harvard Faculty Votes to Cap Undergraduate A Grades to Curb Grade Inflation; Pentagon to Reduce US Troops in Europe to Pre-2022 Invasion Levels; OpenAI Prepares Confidential IPO Filing Targeting Fall Market Debut; Fed Minutes Show Rising Concerns Over Potential Rate Hikes”