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That question, posed to reporters after the Bureau of Labor Statistics confirmed US CPI at 4.2% year-over-year in May, went unanswered in any meaningful macroeconomic sense. The president's explanation, that the war with Iran is driving oil prices higher and that once the conflict …
IBM's transformation through its WatsonX enterprise AI platform is a case study in Wall Street's tendency to overlook hidden growth. Generating over $3 billion in annual revenue, WatsonX is growing at an impressive 60%, yet this revenue stream is masked within IBM's broader $63 …
CENTCOM struck Iranian air defense systems, ground control stations, and radar sites near the Strait of Hormuz on Tuesday at 5 PM ET after Iran downed a U.S. Army AH-64 Apache helicopter the previous day. Both pilots were rescued by an unmanned sea drone …
Upstart (NASDAQ: UPST) is demonstrating a remarkable recovery as its AI-powered credit model gains traction in a challenging lending environment. With a sophisticated algorithm that assesses over 1,600 data points compared to the 20 utilized by traditional FICO scores, Upstart has shown a capacity …
IBM's transformation through its WatsonX enterprise AI platform is a case study in Wall Street's tendency to overlook hidden growth. Generating over $3 billion in annual revenue, WatsonX is growing at an impressive 60%, yet this revenue stream is masked within IBM's broader $63 …
Starlink, the satellite internet venture by SpaceX, is on the verge of redefining mobile connectivity. With a constellation of low-earth orbit satellites, Starlink's direct-to-device (D2D) service aims to deliver seamless connectivity across the globe, particularly in areas lacking traditional mobile coverage. As of now, …
Strategy Inc. (NASDAQ: MSTR), formerly MicroStrategy, has once again expanded its Bitcoin holdings, adding 1,550 coins to its already massive treasury. This latest acquisition pushes the company's total Bitcoin reserves to over 845,000, valued at an impressive $54 billion. This makes Strategy Inc. the …
SanDisk has emerged as a focal point in the evolving landscape of enterprise storage, particularly as the AI NAND supercycle gains momentum. Spun off from Western Digital, the company has strategically positioned itself to leverage the increasing demand for high-performance flash storage driven by …
The release of May's employment figures painted a picture of robust hiring, with 172,000 new jobs added to the economy, comfortably exceeding the 150,000 consensus forecast. This headline number initially sparked optimism, suggesting a labour market resilient enough to withstand higher interest rates and …
A seismic shift is anticipated in public equity markets as several high-profile technology companies, notably SpaceX, OpenAI, Anthropic, and xAI, are poised to conduct Initial Public Offerings (IPOs) within the next 12 to 18 months. The combined market capitalization of these expected listings could …
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