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Asian stocks rise as US inflation data dents September Fed hike bets
TOKYO, Aug 13 : Asian stocks rose on Thursday after U.S. inflation data came in as expected, dampening expectations of further near-term Federal Reserve rate hikes, while oil held near $80 a barrel as Washington and Tehran remained deadlocked over efforts to end the Gulf war.MSCI’s broadest index of Asia-Pa
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Cerebras shares plummet 16% after results fail to impress investors
Aug 12 : AI chip designer Cerebras Systems slumped 16 per cent in extended trading on Wednesday after missing quarterly revenue estimates, suggesting that Wall Street was ready to punish richly valued AI stocks if they slipped up on any key metric.Shares of the company have gained more than 41 per cent from i
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Japan’s wholesale inflation spikes in July, bolsters rate-hike chance
TOKYO, Aug 13 : Japan’s annual wholesale inflation continued its surge in July, data showed on Thursday, highlighting broadening price pressures and reinforcing market expectations of an interest rate hike in September.The producer price index rose 7.2 per cent in July from a year earlier, after a revised 7.3
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Oil prices climb again, as global stocks gain
NEW YORK/LONDON, Aug 12 : Global equities were higher on Wednesday after mild inflation data reinforced bets the Federal Reserve will hold interest rates steady, while oil prices edged higher as investors balanced lower demand against a deadlock in U.S.-Iran talks.The United States and Yemen’s Iran-aligned Ho
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Cerebras raises annual targets on strong AI chip demand
Aug 12 : Cerebras Systems raised its annual revenue and gross margin forecasts on Wednesday, buoyed by robust demand for its chips from companies ramping up data-center capacity to power AI services.Still, its shares were down more than 14 per cent in extended trading after closing up 11.6 per cent in the reg
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Oil dips on demand forecasts, global equities gain
NEW YORK/LONDON, Aug 12 : Global equities were higher on Wednesday after mild inflation data reinforced bets the Federal Reserve will hold interest rates steady, while oil prices dipped as investors balanced lower demand against a deadlock in U.S.-Iran talks.The United States and Yemen’s Iran-aligned Houthis
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Stocks inch up, oil dips as traders eye US-Iran talks
NEW YORK/LONDON, Aug 12 : Global equities were higher on Wednesday and oil prices dipped as traders eyed talks to end the Iran war and U.S. data showing only a slight rise in inflation damped some expectations for a Federal Reserve rate hike.Talks between the U.S. and Iran were deadlocked. The United States a
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CoreWeave, Super Micro surge on signs of sustained AI buildout
Aug 12 : Shares of CoreWeave and Super Micro Computer jumped to their highest since June on Wednesday after upbeat forecasts from the two AI infrastructure companies signaled booming demand for computing capacity.Both companies have been beneficiaries of the insatiable demand for AI infrastructure, as data ce
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Global stocks inch up, oil steady before US CPI
NEW YORK/LONDON, Aug 12 : Global equities were higher on Wednesday and oil prices dipped as traders eyed talks to end the Iran war and U.S. data showing only a slight rise in inflation damped some expectations for a Federal Reserve rate hike.Talks between the U.S. and Iran were deadlocked. The United States a
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Dollar slips as in-line CPI tempers rate-hike bets
Aug 12 : The dollar weakened on Wednesday after U.S. consumer price inflation matched economists’ expectations in July, easing concerns that a hot reading could reinvigorate expectations for a near-term interest rate hike.In the 12 months through July, the CPI advanced 3.4 per cent after rising 3.5 per cent i
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