Bitzero Holdings signs a binding 15-year lease for 110 megawatts of power, addressing AI infrastructure demand amid rising energy needs. Bitzero Holdings Inc. (NASDAQ:AIBZ) signed a 15-year binding lease with OneQode for 110 megawatts of power at its Namsskogan facility. T
Majority of Bank of Japan policymakers deemed the June rate increase appropriate, citing a widening gap from the neutral rate. The Bank of Japan’s June meeting summary revealed broad support for its recent rate hike, with most board members describing the move as overdue.
Crude oil futures decline due to potential Middle East supply increase Crude oil futures settled lower in cautious trading, as investors considered the potential for increased supply out of the Middle East. The risk of U.S.-Iran negotiations running into obstacles
TD Securities forecasts May headline inflation at 4.2%, below consensus, reinforcing expectations for an RBA hold in August. Australian May headline inflation is forecast to slow to 4.2% year-on-year from April’s 4.6%, below the 4.3% consensus, according to a note from TD
The Australian Dollar fell sharply as investors sought safety in the US Dollar amid rising bets on higher US interest rates. The Australian Dollar dropped over 1.2% against the USD on Tuesday, trading at 0.6915 after retreating from daily highs. The decline followed a shif
Former Ethereum Foundation researchers unveil a nonprofit lab to address a projected $30 million annual funding gap for core development teams. A new nonprofit research lab, Ethlabs, launched Monday to fund Ethereum’s core development amid a projected $30 million annual sh
Deutsche Bank cuts Q4 gold base case to $4,800/oz The gold price may decline to $3,800 if the Fed pivots to hikes, requiring only three to four rate increases. The current pace of central bank buying cannot offset the weakness in investment demand. The S&P 500 re
AI chipmaker Cerebras Systems reports $193.4 million Q1 revenue but warns of shrinking profit margins next quarter. Cerebras Systems (CBRS) fell 11% in after-hours trading after forecasting a decline in core gross margins for the second quarter. The company reported first-
Cerebras Systems forecasts Q2 gross margins of 36-38%, below prior levels, spooking investors despite a new OpenAI deal. Cerebras Systems (CBRS) fell 10.5% in after-hours trading Tuesday after projecting fiscal second-quarter gross margins of 36-38%, down from earlier leve
Record retail inflows fuel Nasdaq long positions Retail investors are driving record inflows into US equities, particularly in AI-linked names, with Nasdaq long positions reaching extended levels. The shift in tech fund flows from dip-buying to upside-chasing marks a