Markets
Ken Griffin’s $10 Billion AI Bet Stabilizes Volatile Sector
Ken Griffin's Citadel acquired over $10 billion in AI stocks from a distressed hedge fund, Situational Awareness, stemming a sell-off and sparking...
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Stocks
Soybean Futures Decline on Thursday Amid Mixed Export Data, Derivative Weakness
Soybean futures closed lower on Thursday, with most contracts down fractionally to 4 cents, despite a rise in cash prices and strong...
Stocks
Amazon’s AI Agents Drive Q2 Sales Past $200 Billion Mark
Amazon's strategic deployment of AI agents across shopping, internal operations, and customer service propelled second-quarter sales to $200.6 billion, a 20% increase.
Stocks
Parex Resources Reports Strong Q2 2026, Boosts Production, Reaffirms Guidance
Parex Resources announced robust Q2 2026 results, driven by the Frontera acquisition, with July production reaching 83,500 boe/d and H2 guidance reaffirmed....
Stocks
RMNI Sets Q3 2026 Revenue Target, Reaffirms 4%-6% FY Growth
Rimini Street (RMNI) has projected Q3 2026 revenue between $110 million and $112 million, while reiterating its full-year 2026 growth target of...
Markets
Oil Dips: Hormuz Management Talks Drive Prices Down
Crude oil prices fell as Iran and Oman discussed Strait of Hormuz management, raising hopes for free oil flow. Investors also engaged...
Stocks
Live Cattle Futures Post Strong Gains, Rebound Continues
Cattle futures saw significant gains across the board on Thursday, extending a recent bounce. Live cattle contracts rose by up to $3.47,...
Investing
Leverage Fuels Spectacular Demise of AI Fund Situational Awareness
Leopold Aschenbrenner's AI hedge fund, Situational Awareness, spectacularly imploded this week, selling its $20 billion portfolio to Citadel. The rapid collapse highlights...
Finance
30-Year Mortgage Rate Reaches 6.66% as War Fuels Inflation
The average 30-year fixed-rate mortgage hit 6.66% this week, its highest in a year, driven by the war in Iran, rising oil...
Economy
Economy Slows to 1.5% Growth, Consumers Maintain Spending Pace
The U.S. economy grew at a 1.5% annual rate in the spring, a slowdown from Q1, but consumer spending remained strong at...
Economy
Tariff Costs Mount in Michigan, Worrying Even Trump Loyalists
President Trump touts tariffs in Michigan, but rising costs and job losses contradict his claims, causing concern among some loyal supporters.
Economy
Boot Barn Targets $2.6B FY2027 Sales, $9.23 EPS Boosted by Tariff Refunds
Boot Barn projects robust financial growth for FY2027, aiming for $2.6 billion in sales and $9.23 EPS, with $0.46 of EPS stemming...