KGWV · U.S. MARKET INTELLIGENCE
South Korean stocks rallied, with the benchmark index poised to enter a technical bull market as a rebound in the global artificial-intelligence trade rapidly reverses last month’s historic rout. The benchmark Kospi index rose as much as 4.8% on Thursday, taki…
Google co-founder Sergey Brin has urged the company’s key artificial-intelligence teams in recent months to focus fully on developing the Gemini model, as parent company Alphabet seeks to narrow the gap with competitors, according to media reports citing two p…
Cerebras shares fell more than 12% in after-hours trading after the company reported second-quarter revenue below market expectations.
A key U.S. inflation report released Wednesday showed that price increases for goods and services slowed, potentially reducing the urgency for the Federal Reserve to raise interest rates immediately. The Consumer Price Index, a key measure the Federal Reserve…
U.S. underlying inflation remained mild in July, potentially easing pressure on the Federal Reserve to raise interest rates. The U.S. Bureau of Labor Statistics said Wednesday that core consumer prices, excluding the volatile food and energy categories, rose 0…
A major inflation report released Wednesday showed that price increases for goods and services slowed, potentially reducing the urgency for the Federal Reserve to raise interest rates immediately. The U.S. Bureau of Labor Statistics said the seasonally adjuste…
Chris Kent, an assistant governor at the Reserve Bank of Australia who oversees financial markets, said at an event that weakness in the Australian housing market could make financial conditions more restrictive than usual. Home prices have been affected by se…
Anthropic is in talks to acquire artificial intelligence startup Decart AI for about $6 billion, according to people familiar with the matter. The deal has not been finalized, and the negotiations could fall apart, some of the people said. Decart works with AI…
Anthropic is reportedly in talks to acquire AI startup Decart for $6 billion, Bloomberg reported.
After a mild U.S. inflation report, traders are still holding hedges against the possibility that the Federal Reserve will raise interest rates at its September meeting. Market pricing currently shows roughly 50% odds of a hike. The consumer price index releas…