Cerebras Stock Tumbles 16% as Earnings Disappoint Market Expectations
Cerebras shares fell 16% following earnings results that failed to meet investor expectations, signaling market concerns about the AI chip company's performance trajectory.
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Markets await clarity on Fed policy as Kevin Warsh heads to Jackson Hole amid pressure from Treasury Secretary Bessent's market interventions and uncertainty over inflation stance.
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Cisco cierra 2026 con US$ 63.300M e impulsa negocios de IA hacia US$ 7.500M en 2027
Cisco Systems reportó ingresos de US$ 63.300 millones en año fiscal 2026 con crecimiento de 12%, impulsado por US$ 9.300 millones en pedidos de infraestructura de IA de clientes hiperescaladores.
Zhu Rongji, Architect of China's Market Reforms, Dies at 97
Zhu Rongji, the former Chinese premier who spearheaded market reforms and led China's entry into the WTO, has died at 97. His tenure transformed China into a global manufacturing powerhouse.
Ford Shifts Lincoln Production From China to US in Strategic Pivot
Ford is relocating production of certain Lincoln luxury models from China to the US, signaling a strategic shift in manufacturing operations amid trade and supply chain considerations.
Browns to showcase Watson, Sanders in preseason QB audition
The Cleveland Browns will use their first two preseason games to evaluate Deshaun Watson and Shedeur Sanders, with Watson starting against the Bears and Sanders facing the Bills in Week 2.
Cisco Beats Revenue Forecasts on Sustained AI Spending Momentum
Cisco projects annual revenue above analyst estimates, citing sustained enterprise spending on AI infrastructure and broad-based demand across its product portfolio.
Wall Street climbs near record as AI stocks surge and inflation concerns ease
Stock markets climbed near record levels as artificial intelligence stocks surged and inflation concerns eased, signaling investor confidence in tech-driven growth.
Supermicro Surges on Earnings Beat, Nvidia Rallies on AI Demand Signals
Supermicro's Q4 earnings exceeded expectations with improved margins and bullish Q1 guidance, sparking rallies across AI hardware stocks including Nvidia.
US Budget Deficit Widens in July Amid Higher Spending and Tariff Headwinds
The US budget deficit expanded in July due to increased government outlays and negative tariff receipts, signaling fiscal pressures amid economic policy shifts.
Social Security COLA estimates revised upward; 2027 benefits could rise over 3%
New inflation data has prompted upward adjustments to 2027 Social Security COLA estimates, with seniors potentially seeing benefit increases exceeding 3% next year.
Definium's LSD-based pill shows promise in anxiety disorder trial
Definium Therapeutics announced positive Phase 3 trial results for DT120, an LSD-based oral tablet, in treating generalized anxiety disorder, boosting investor confidence in psychedelic-based therapeutics.
Australia's disability scheme faces crisis as success drives unsustainable costs
Australia's progressive NDIS disability support program, which has transformed lives for 700,000+ participants, faces severe budget cuts as costs balloon from $22bn to $54bn annually, threatening social participation funding and independence opportunities.
Bonoloto hoy: resultados del sorteo del 12 de agosto en directo
Cobertura en directo del sorteo de la Bonoloto celebrado el miércoles 12 de agosto a las 21:30 horas, con números premiados y resultados oficiales de Loterías y Apuestas del Estado.
SpaceX Stock Surges Past IPO Price on Starlink Expansion and Leadership Momentum
SpaceX stock closed above its $135 IPO price for the first time in weeks following Musk's all-hands meeting and continued Starlink satellite deployment, while analysts highlight the company's underestimated AI capabilities.
Gold hits two-month high as softer US inflation cools rate hike expectations
Gold prices reached a two-month high as softer US inflation data reduced expectations for aggressive Federal Reserve rate increases, making the non-yielding asset more attractive to investors.
Le Figaro destaca Portugal como centro tecnológico europeu impulsionado por unicórnios
Le Figaro destaca Portugal como caso de sucesso económico europeu, com maior crescimento da zona euro no segundo trimestre, impulsionado por startups tecnológicas, Fábrica de Unicórnios e centros de dados.
Consumer Debt Hits Records as Americans Struggle With Payments
U.S. consumer debt hits record highs with credit card debt at $1.26 trillion and auto loans surging, though aggregate data masks growing payment difficulties for lower-income households.
AI Infrastructure Stocks Surge on CoreWeave, Nebius Earnings Beat
CoreWeave and Nebius Group delivered strong earnings results, with revenue doubling and stock prices surging 19-34%, signaling robust demand for AI infrastructure and computing resources.
USDA Cuts Corn Yield Projections in Surprise August Report
The USDA issued a surprise downward revision to corn yield forecasts in August reports, causing grain market fluctuations and affecting agricultural commodity prices.
Phantom Blade Zero PS5 Demo Leaks Ahead of Sony's State of Play Showcase
A Phantom Blade Zero PS5 demo has leaked ahead of Sony's August 17 State of Play presentation, where the game will receive a gameplay deep dive and pre-orders will launch.
BofA invests $1.9B for 49.9% stake in Jio Credit, expanding India presence
Bank of America will acquire a 49.9% stake in Jio Credit for $1.9 billion, marking a major expansion of the U.S. bank's presence in India's growing financial services market.
Eritrea's Red Sea Ports Elevate It to Key Geopolitical Player in Horn of Africa
Eritrea is emerging as a key geopolitical player in the Horn of Africa due to its strategic Red Sea ports and stability, attracting interest from regional and global powers amid maritime security challenges and trade route competition.
Job losses deepen housing affordability crisis for first-time buyers
Unexpected job losses and slowing employment growth are compounding housing affordability challenges for first-time homebuyers, while shifting Fed rate expectations amid economic uncertainty.
Nebius Crushes Earnings as AI Demand Drives GPU Scarcity Premium
Nebius exceeded Q2 2026 revenue estimates amid surging demand for AI computing power, with stock soaring 28% as customers rush to secure GPU capacity amid supply constraints.