Wall Street’s Hottest Trade Has Gone Ice Cold — The AI Momentum Unwind Arrives
The momentum trade — buying rising winners, shorting falling losers — has suddenly reversed after years of outperformance. Investors who...
Corporate America’s Profits Are Booming — Tariff Refunds and a Resilient Consumer Fuel the Heftiest Earnings Rise in Years
Big-company profits are surging across the US economy, with Target, Deere, Dollar General and others raising full-year guidance. Tariff refunds...
SoftBank’s SB Energy Gave OpenAI $5.5 Billion in Warrants to Land It as a Data Center Tenant Before Its IPO
SoftBank's energy subsidiary SB Energy offered OpenAI warrants worth an estimated $5.5 billion to secure it as a data center...
US and Iran Exchange Strikes for First Time in a Month — Brent Crude Surges Above $90
The US struck Iranian rocket launchers preparing to mine the Strait of Hormuz; Iran retaliated with missiles and drones against...
Blue Owl Leads $2.4 Billion Debt Deal for Iren to Buy Nvidia Blackwell Ultra GPUs — One of the Largest Chip Financing Deals Ever
Blue Owl Capital led a $2.4 billion debt package for Iren Ltd. to purchase Nvidia Blackwell Ultra GPUs for its...
Employer Healthcare Costs Projected to Rise 9.5% in 2027 — Fourth Consecutive Year of Near-Double-Digit Increases
Average healthcare costs are projected to reach more than $19,000 per employee in 2027, a 9.5% year-over-year increase, according to...
Bitcoin Holds Steady as US-Iran Strikes Send Oil Above $90 and Stocks Lower — August’s Best-Performing Asset Shrugs Off Geopolitics
Bitcoin fell just 0.17% as US-Iran military exchanges sent Brent crude above $90 and global equities lower. BTC's resilience —...
Warsh at Jackson Hole: Made the Case for Higher Rates, Raised the Bar for Holding — Setting Up the Fed’s Biggest Test in Years
Fed Chair Kevin Warsh's Jackson Hole speech quieted concerns about the Fed's inflation-fighting direction while setting up a high-stakes September...
Wall Street to Warsh at Jackson Hole: Say You’re Serious About Inflation — Or Long Bonds Stay Broken
JPMorgan, Apollo, and Morgan Stanley are calling on Fed Chair Kevin Warsh to deliver a clear inflation-fighting commitment in his...
Nvidia’s CFO Scaled Back the OpenAI Data Center Deal — Backstopping Less Than Half the Original Amount
Nvidia CFO Colette Kress intervened to reduce Nvidia's financial commitment to OpenAI's $500B+ data center project after investor backlash —...
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