Cerebras stock climbed 6.3% in premarket trading to $177 per share on Monday, rebounding from a 20% drop last week after OpenAI CEO Sam Altman reassured investors that the AI hardware maker remains a close partner. The premarket gains follow a volatile period for the chipmaker following its May initial public offering. Sam Altman Reassures … Read more
Stock futures showed little movement early Monday as elevated Treasury yields continued to weigh on investor sentiment, while markets awaited the release of minutes from the Federal Reserve’s latest meeting for direction on upcoming interest rate decisions. Futures tied to the Dow Jones Industrial Average slipped 51 points, or 0.1%, while S&P 500 futures remained … Read more
Wall Street banks are accelerating investments in artificial intelligence agents, led by a 1,721% surge in job post references for agent orchestration this year, according to Draup data. Agent Orchestration Surges Across Wall Street Banks Financial institutions are pushing past basic chatbots into a complex phase of deployment where AI models work in concert. According … Read more
The U.S. Securities and Exchange Commission proposed new rules on October 1, 2026, to establish a tailored crypto asset custody framework for registered investment advisers and regulated funds, reported. The regulatory push moves forward under SEC Chairman Paul Atkins using existing authority after the Clarity Act stalled in the Senate in September, creating a compliant … Read more
Rising leisure costs known as funflation are reshaping how Americans spend money, pushing consumers toward home-based hobbies and video games as travel expenses soar. Bank of America card data from August 2026 shows hobby spending jumped 7.9% year-on-year, outpacing transaction growth and reflecting a broader shift in consumer behavior driven by higher fuel and airfare … Read more
Akamai Technologies gained 5% on Thursday after announcing a seven-year contract and an $11.6 billion deal with Anthropic, according to market reports. AI Infrastructure Deals Drive Midday Market Gains Atlas Energy Solutions rallied 17% after announcing that two of its subsidiaries executed separate cost reimbursement agreements with a leading frontier AI lab. Meanwhile, software giant … Read more
Chinese biopharma stocks rallied in Hong Kong trading following reports that Washington is weighing rules to let American pharmaceutical companies continue licensing most drugs from mainland Chinese firms, diverging sharply from the tighter restrictions imposed on artificial intelligence and semiconductor sectors. Regulatory Outlook Boosts Hong Kong Biopharma Stocks Market response was swift after news emerged … Read more
The Dow Jones Industrial Average slid 95.40 points to close at 51,682.64 on Friday, according to market data, capping a volatile week driven by rising Treasury yields, elevated oil prices, and the Federal Reserve’s first interest rate hike in three years. According to financial reports, the 30-stock index shed 0.18% as investors weighed shifting monetary … Read more
Crude oil prices extended their decline as supply disruption concerns eased following recent attacks on Saudi Arabia’s key East-West pipeline, according to market data from Thursday. Brent futures, the international benchmark, traded slightly lower at $105.81 per barrel, while U.S. West Texas Intermediate (WTI) crude fell 0.22% to $102.14 a barrel. Saudi Export Workarounds and … Read more
Stock futures declined early Monday, led by a drop in Nasdaq-100 contracts as investors monitored a major shakeup in artificial intelligence initial public offerings amid growing safety concerns, along with the latest oil moves, according to market data. S&P 500 futures fell 0.6% by 3:06 a.m. ET, while Nasdaq-100 futures dropped 1.44%. AI Initial Public … Read more