Dow Jones record close contrasts with a chip-led Nasdaq drop as SOX slides 5–8% and AI capex jitters meet a hawkish Fed. What that divergence could mean for positioning.
The post Canadian Dollar steady as trade surplus, Fed outlook cap USD/CAD appeared on BitcoinEthereumNews.com.
USD/CAD trades around 1.4205 on Tuesday at the time of writing, virtually unchanged on the day, as investors balance encouraging Canadian economic data against a US Dollar (USD) that remains supported by monetary policy expectations and ongoing geopolitical tensions. Canada released stronger-than-expected trade figures. Merchandise exports rose 0.9% in May, while imports edged down 0.2%, allowing the trade surplus to widen to CAD$4.24B from an upwardly revised CAD$3.41B in April. This marks Canada’s third consecutive monthly trade surplus. Meanwhile, the Ivey Purchasing Managers Index (PMI) eased to 59.7 from 61.3 but remained firmly in expansion territory, signalling that economic activity continues to grow. Despite the upbeat domestic data, the Canadian Dollar (CAD) struggles to gain traction, although higher Oil prices are providing some support. West Texas Intermediate (WT
OpenAI's government stake offer may set a precedent for tech-regulation synergy, impacting market dynamics and future AI policy frameworks.
The post OpenAI offers the US government a 5% stake worth $42.6 billion, and crypto markets are already feeling the ripple effects appeared first on Crypto Briefing.
The post AI trade loses steam as Samsung earnings fail to lift chip stocks amid open source AI shift appeared on BitcoinEthereumNews.com.
The AI trade, which incorporates semiconductors and memory stocks, is showing signs of fatigue as investors reassess whether the extraordinary spending boom on chips and data centers can be sustained. Semiconductor and memory stocks such as Micron Technology (MU) and Sandisk (SNDK) came under heavy pressure on Tuesday, after Samsung Electronics (005930) reported record second-quarter earnings but missed revenue estimates. Shares still fell nearly 7%, extending a broader selloff across AI-linked chipmakers. Concerns are growing that hyperscalers could slow AI infrastructure spending. Meanwhile, rival SK Hynix is down 25% from its all-time high ahead of its U.S. listing this week, a deal that is also drawing investor capital away from existing chip stocks.The weakness comes after a spectacular rally in AI infrastructure stocks this year, with Sandisk u
An international research consortium has demonstrated that machine learning can dramatically accelerate the discovery of superconducting materials, using AI to screen vast numbers of elemental combinations and identify the most promising candidates for detailed quantum analysis. The SuperC consortium, led by Aalto University Professor Päivi Törmä, used the approach to identify two previously unknown superconductors, […]
The post VRTX Elliott Wave forecast: Next bullish target at $556.9 – $646.4 appeared on BitcoinEthereumNews.com.
Vertex Pharmaceuticals Incorporated (VRTX), operates as Biotechnology company in the United States, Europe & internationally. It offers transformative medicines for people with serious diseases of different age groups. It comes under Healthcare – Biotech sector & trades as “VRTX” ticker at Nasdaq. In weekly, VRTX confirmed higher high above November-2024 high expected in last article. It should continue rally towards 556.9 – 591 area in shorter cycle within May-2026 sequence. We like to buy the pullback in 3, 7 or 11 swings at extreme area, when reach. VRTX – Elliott Wave latest weekly view In weekly, it placed ((I)) at $306.08 high (July-2020) & ((II)) at $176.36 low (October-2021). Above there, it ended (I) of ((III)) at $519.88 high (November-2024) & (II) at $362.50 low (August-2025). Within (I), it ended I at $292.75 high, II at $233.01 low, III at $510.63 high, IV at $4
The post How much ‘Trump Accounts’ kids could have when they turn 18 appeared on BitcoinEthereumNews.com.
Between remarking that the memory giant Micron (NASDAQ: MU) will donate $250 million and that Elon Musk will also contribute, President Donald Trump has brought his ‘Trump accounts’ for children born between January 1, 2025, and December 31, 2028, back into focus. Given the circumstances, Finbold decided to calculate how much the $1,000 tax-advantaged investment account might be worth if opened on July 7, 2026, by the time the child beneficiary turns 18. To begin with, the benchmark S&P 500 market index was trading at 1,252.31 on July 7, 2008 – 18 years ago – and, by press time, it is at 7,489.53. Given the change, the popular cross-section of the U.S. equity markets rose 498.06%. S&P 500 benchmark stock market index chart. Source: Google Therefore, assuming American stocks perform roughly the same in the next 18 years as they have in the previous, a ‘Trump account’ worth $1,000 on
Omen AI has raised $31 million in a Series A round led by Nava Ventures, with participation from CRV, Vanderbilt University, Mann+Hummel, Starhill Holdings, and Hard Launch Capital, alongside personal investments from executives at Bridgestone, GM, Johnson Controls, and TensorWave. The company has raised $40 million in total since its founding in 2024. The startup […]
Max single-threaded CPUs at scale are a new category of CPUs built for the agentic AI era. Across the creation and deployment of an agentic system, the CPU is on the critical path for reasoning, response time and learning. CPUs are the processor which executes the work the AI model commands: the tool calling, code […]
