Berkshire Posts Its First 10-Day Winning Streak Since 2018 on the Day CoreWeave Falls 15% and Oracle 9%
Core CPI beat expectations on both measures, and gasoline is averaging $4.33 against $3.08 a year ago.
Job-Switching Is Rising for Workers Over 25 and Sitting at Historic Lows for Those Under 24
Early-career job changes once produced more than a third of young workers' wage growth. The youngest cohort is no longer...
Employer Health Costs Rise 8% Next Year Against 3% Income Growth, the Largest Increase Since 2003
ACA premiums climb 15% as healthier people drop coverage, which is how an insurance pool unravels.
Ramp’s Valuation Rose 36% in Four Months and So Did Its Revenue, Leaving the Multiple at 30 Times
It is building spend controls for AI budgets, which benefits from AI spending being scrutinised rather than only from it...
Rural Inflation Is Running at 4% Against 3.6% in Cities, the Widest Gap Since 2022
Motor fuels are up 35% and household fuels 44%, and both take larger shares of budgets outside cities.
Verizon Yields 6.4% Against a 5.3% Treasury, Which Is 110 Basis Points for Taking Competitive Risk
SpaceX is the catalyst. The cause is a sector whose growth disappears on consensus forecasts before the competition arrives.
A Fed President Warns the AI Buildout May Be Overheating the Economy, as CPI Rises 0.6% on Fuel
Gold is down more than 20% since the war began, because rising real rates beat the haven bid.
ByteDance Is Buying Custom Chips From Taiwan Because It Cannot Buy Nvidia’s, Which US Rules Permit
It is weighing capital spending of up to $70 billion this year, more than TSMC's record $64 billion.
Blue Owl’s Stack Seeks $6 Billion Days After Two AI Financings Failed and a Third Was Delayed
Of $578 billion in AI debt issued this year, roughly 60% comes from borrowers without hyperscaler balance sheets.
TSMC Guides to $54.3 Billion and 20 Fabs at Once, in the Same Week a Customer’s Bonds Went Distressed
Chip demand is contracted and real. The leveraged intermediaries buying the chips are a separate question.
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