U.S. equities fell after Federal Reserve Chair Jerome Powell reiterated his recent message that policy will stay data-dependent, dampening hopes for a quicker easing cycle. The reminder that policy remains “modestly restrictive” kept a lid on risk appetite, with rate-sensitive sectors leading losses.
Source: Seeking Alpha
Micron beats and raises as AI memory boom gathers pace
Micron posted Non-GAAP EPS of $3.03, beating by $0.17, on revenue of $11.32B, ahead by $160M, and delivered a stronger outlook as AI-driven demand lifts DRAM and HBM. Management also signaled a higher HBM4 share and DRAM-focused CapEx of about $18B through 2026 to meet accelerating AI data-center needs.
Source: Seeking Alpha | Seeking Alpha
Alibaba jumps as CEO boosts AI spending beyond $50B plan
Alibaba shares surged in Hong Kong after the CEO said the company will lift AI investment above an already announced $50B program, underscoring China’s renewed push in the AI arms race. The move helped spark a rally in Chinese tech stocks and comes alongside deeper Nvidia software integration on Alibaba’s platforms.
Source: Seeking Alpha
Gold hits another record; Deutsche Bank lifts forecast to $4,000
Gold prices climbed to fresh highs as macro uncertainty and rate expectations kept haven demand elevated. Deutsche Bank raised its gold price forecast to $4,000, citing supportive conditions for the metal in the coming cycle.
Source: Seeking Alpha
Tether confirms capital raise plans at reported $500B valuation
Stablecoin giant Tether said it is pursuing a capital raise that would value the company around $500B, according to reports. A deal of that magnitude would cement Tether’s role at the center of crypto market liquidity and heighten scrutiny of reserves and governance.
Source: Seeking Alpha
CFTC proposal would allow stablecoins as derivatives collateral
CFTC Commissioner Caroline Pham proposed permitting stablecoins to be used as collateral in derivatives markets, a potential step toward deeper integration of digital dollars into traditional finance. If adopted, the framework could broaden margin options for market participants while requiring robust risk controls and settlement standards.
Source: FinanceFeeds
Chevron’s Venezuela oil exports halved under new U.S. authorization
Chevron’s exports of Venezuelan crude have been cut roughly in half following changes to U.S. authorization, according to Reuters cited by Seeking Alpha. The tighter allowances complicate flows from the OPEC nation and could influence regional crude differentials.
Source: Seeking Alpha
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