According to U.S. Central Command, the U.S. military has helped tankers transport more than 660 million barrels of crude oil through the Strait of Hormuz since early May, even as the security situation in the vital waterway remains contested. Military Escorts and Commercial Transit Volumes in Hormuz U.S. Navy Captain Tim Hawkins, a Central Command … Read more
Unitree Robotics is set to become the first humanoid robot manufacturer to list on China’s mainland, raising $900 million at a $9 billion valuation. The Hangzhou-based company priced its IPO at 150.8 yuan ($22.4) per share on the Shanghai STAR market. While the firm has seen record retail demand, investors and analysts remain divided on … Read more
S&P 500 Profit Margins Surge to Record Highs Corporate profitability across the United States has hit unprecedented levels. According to FactSet data analyzed by John Butters, senior earnings analyst and vice president at the firm, the S&P 500 blended net profit margin is running at 16.9% for the second quarter. That figure marks a substantial … Read more
Bill Ackman’s Pershing Square Capital Management has disclosed a new equity stake in Netflix, according to the firm’s semiannual report. The investment marks a high-profile return to a streaming giant that Pershing abruptly exited four years ago after a sharp subscriber drop. Why Pershing Square Re-entered Netflix After a 2022 Exit According to its semiannual … Read more
The artificial intelligence boom faces an acute structural risk because its financial foundations rely heavily on just two companies, according to former Neuberger Berman senior portfolio manager Steve Eisman. Speaking on CNBC’s “Fast Money,” Eisman warned that the entire capital expenditure cycle in tech is essentially a wager on the uninterrupted success of OpenAI and … Read more
A key consumer price index inflation reading released by the Bureau of Labor Statistics showed prices moderating across a range of goods and services in July, keeping the headline inflation rate at 3.4% and core inflation at 2.5% annually. According to the Bureau of Labor Statistics data, the seasonally adjusted consumer price index increased by … Read more
Nvidia is assembling a $500 billion infrastructure financing pipeline with six major asset managers to fund artificial intelligence data centers, according to CEO Jensen Huang, attempting to position high-performance graphics processing units as long-term financial assets rather than fast-depreciating hardware. Wall Street Financing Pipeline and Asset-Backed Loans Nvidia unveiled agreements with BlackRock, Blackstone, Apollo, KKR, … Read more
Cardinal Health shares set a record close after the company reported fourth-quarter fiscal 2026 results that beat adjusted earnings expectations despite a top-line revenue miss, according to LSEG data. Revenue for the quarter ending June 30 increased nearly 6% year over year to $63.67 billion, falling short of the $65.03 billion consensus estimate, while adjusted … Read more
Computing power is emerging as a tradable asset class as CME Group partners with Silicon Data to launch the first futures contracts tied to the cost of running artificial intelligence chips, according to announcements from the companies. The upcoming derivatives, slated for October 5 pending regulatory approval, will allow companies and investors to trade and … Read more
The S&P 500 slipped 0.06% to close at 7,753.11 amid persistent doubts over a lasting resolution to the U.S.-Iran conflict, according to market data from the New York Stock Exchange. The Nasdaq Composite declined 0.32% to 26,605.36, and the Dow Jones Industrial Average dropped 60.95 points, or 0.11%, to finish at 53,975.98. While major U.S. … Read more