Meet Kimi K3, the newest Chinese AI model haunting Silicon Valley
A high bar is set for Q2 results. Plus: A sector that could surprise, what to watch in big bank earnings, and the World Cup’s effect on the US economy.
Markets
Meta and Anthropic Discuss $10B AI Infrastructure Agreement
Meta Platforms Inc. (NASDAQ: $META) is in talks to lease as much as $10 billion of computing capacity to Anthropic, opening a possible path into the AI cloud market as demand for chips and data center access continues t…
Corn Sees a Late Push to Close Near the Highs on Friday
Corn futures shrugged off the early weakness on Friday to close near the highs of the day, up 2 ¼ to 3 ½ cents across most contracts. September was 5 ¼ cents higher on the week with December up 6 1/2. The CmdtyView nati…
Cattle Continues Slide into the Weekend on Weaker Cash and Beef
Live cattle futures posted losses of 97 cents to $2.67 across most contracts on Friday. August was down $10.77 this week. Cash trade settled in at $238-240 in the north this week, with Southern trade at $237-238. Feeder…
Leather jacket worn by Nvidia CEO goes for just under $1 million at Sotheby's auction
Nvidia CEO Jensen Huang is rarely seen without his leather jacket. It's his signature look. He's been wearing them for nearly 20 years.
US military says it completed latest strikes on Iran, marking 7th consecutive night of attacks
Follow updates on the war in the Middle East for Wednesday, July 15, here. See earlier developments below.
Robinhood Targets 27.6M Customers as Chain Moves Beyond Memecoin Rush
Robinhood Markets (NASDAQ: $HOOD) is trying to turn its 27.6 million funded customers into an onchain distribution advantage as Robinhood Chain moves beyond its opening burst of memecoin trading.
Stocks Finish Sharply Lower as Tech Stocks Slump
The S&P 500 Index ($SPX) (SPY) on Friday closed down -1.01%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.77%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.49%. September E-mini S&P futures (ES…
Soybeans Holding onto Midday Gains, Following Slew of Export Business
Soybeans are rebounding from the Thursday weakness with contracts up 6 to 8 cents in most contracts at midday. The cmdtyView national average Cash Bean price is up 7 ½ cents at $11.62 1/2. Soymeal futures are $2.10 to $…
Brazil justice suspends visits to ex-President Bolsonaro for 30 days
Brazilian Supreme Court Justice Alexandre de Moraes suspends use of law to reduce prison sentences, pending further review.
Databricks' 40% valuation bump looks 'almost quaint' next to Anthropic
When Databricks closes its new funding round, its valuation will get a 40% bump since it last raised capital in February.
How your winning stock-index fund can turn on a dime
In the first full budget since Labor's landslide election victory last year, the government is putting some money back in workers' pockets and increasing taxes on investors.
Corn Sees a Late Push to Close Near the Highs on Friday
Corn futures shrugged off the early weakness on Friday to close near the highs of the day, up 2 ¼ to 3 ½ cents across most contracts. September was 5 ¼ cents higher on the week with December up 6 1/2. The CmdtyView nati…
Cattle Continues Slide into the Weekend on Weaker Cash and Beef
Live cattle futures posted losses of 97 cents to $2.67 across most contracts on Friday. August was down $10.77 this week. Cash trade settled in at $238-240 in the north this week, with Southern trade at $237-238. Feeder…
Unexpected Strength in North American Cocoa Demand Boosts Prices
Cocoa prices settled sharply higher on Friday as short covering emerged after North American Q2 cocoa grindings unexpectedly increased. The National Confectioners Association reported late Thursday that Q2 North America…
Dollar holds steady on safe-haven demand, ends down on the week
NEW YORK, July 17 (Reuters) - The dollar was flat on Friday, but ended the week lower as tame U.S. inflation data led traders to cut bets on imminent rate hikes from the Federal Reserve.
‘I am at a loss’: My brother is dying. We are not close. What responsibility do I have to help him?
I was 35 years old when my father died suddenly. No warning. No drawn-out illness. One day he was there, the next day he wasn’t. I remember how disorienting it felt, how the world kept moving while something fundamental…
Does ‘token shock’ hurt AI adoption?
The "tokenmaxxing" trend has drawn scrutiny from auditors and risk officers, who are now conducting deeper reviews of how artificial intelligence tokens are consumed, not just how many are used. As enterprises grapple w…
Cotton Slipping Lower on Friday
Cotton futures are heading 87 to 99 points lower so far on Friday, amid some outside market pressure. December cotton futures expire today. The outside markets are pressure factors, with the US dollar index up 374 point…
Cotton Slipping Lower on Friday
Cotton futures are heading 87 to 99 points lower so far on Friday, amid some outside market pressure. December cotton futures expire today. The outside markets are pressure factors, with the US dollar index up 374 point…
Wheat Rallying Through Friday’s Midday
The wheat complex is reverting from Thursday weaker trade to post midday gains across the complex. Chicago SRW contracts are up 6 to 7 cents in most contracts. KC HRW futures are rallying 13 to 14 cents across most cont…
Wheat Strengthens into the Friday Close
The wheat complex was in rally mode to close out the week, finishing higher in all three exchanges. Chicago SRW contracts were 4 ¾ to 9 ½ cents higher across most contracts, with September up 42 ½ cents on the week. KC …
Oversold Conditions For Cerence (CRNC)
In trading on Friday, shares of Cerence Inc (Symbol: CRNC) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $8.37 per share. By comparison, the current RSI reading of the S…
Analysis: Fed Chairman Warsh faces an inflation credibility test after Congress hearings
Credibility is everything for Kevin Warsh. Congressional hearings this week showed how hard it will be for the new Federal Reserve chairman to keep it.