Penguin Solutions delivered the kind of quarter needed to defend a 228% stock rally, but the valuation question has not disappeared. The AI infrastructure company reported an 888% jump in quarterly net income to $93 million, while revenue rose 68% to a record $567 million. Management also raised its fiscal 2027 outlook as AI data-centre
Hyperliquid announced Monday that it received a $14.58 million USDC payment under its Aligned Quote Asset v2 framework, known as AQAv2. The payment is the first distribution of yield generated on USDC reserves held within the Hyperliquid ecosystem. It introduces another funding source for HYPE buybacks alongside the trading fees that have historically provided most
Brent crude oil price continued rising last week, even after the US coordinated another release of strategic petroleum reserves by G7 countries. It ended the week at $102.60, its highest level since September 23rd. This rebound may continue as odds that the US and Iran will escalate in October rise. Odds of US and Iran
Nu Holdings stock has pulled back sharply in recent months, falling from a high of $18.95 in January to around $13.43 today. Despite the decline, the long-term growth story remains intact, supported by the company’s expanding customer base, strong presence in Brazil, and continued push into other Latin American markets such as Mexico and Colombia.
The latest US employment data has revived an increasingly familiar description of the US labour market: low hire, low fire. It is an unusual combination. Employers are adding very few workers, but they are also not cutting existing staff at a pace typically associated with such weak hiring. The result is a labour market that
US stocks ended higher on Friday after weaker-than-expected September jobs data reduced expectations for a Federal Reserve rate hike later this month. The Dow Jones Industrial Average rose 260 points, or 0.51%, while the S&P 500 gained 0.76% and the Nasdaq Composite advanced 1.19%. The Nasdaq briefly reached an all-time high during the session before
US stocks recovered from early losses and closed slighly higher on Thursday as Treasury yields pulled back from multi-decade highs, helping the major indexes close slightly higher. The S&P 500 gained 0.23% to 7,668.82, while the Nasdaq Composite rose 0.07% to 26,871.60. The Dow Jones Industrial Average added 29.84 points, or 0.06%, to finish at
Robinhood (HOOD) unveiled a sweeping set of features for active traders at its annual summit in Houston. The headline addition is fully integrated “agentic trading,” allowing AI algorithms to make trades autonomously on behalf of users. Coupled with new “24/7 weekend stock trading”, prediction contracts on corporate KPIs, and US perpetual futures, Robinhood is doubling
The Nasdaq Composite rose 0.04% to 26,831.94 on Tuesday after Anthropic’s IPO prospectus revealed plans to spend $518 billion on cloud and AI infrastructure. The Dow Jones Industrial Average was roughly flat, and the S&P 500 held a modest gain. Several AI-linked names that jumped sharply at the open, including Nvidia, Micron and SanDisk, pared
Strategy stock (formerly known as MicroStrategy) MSTR fell 0.75% on Monday after the Bitcoin treasury company disclosed another purchase of 1,665 BTC for approximately $142.7 million. According to a Form 8-K filing with the Securities and Exchange Commission, Strategy acquired the Bitcoin between Sept. 21 and Sept. 27 at an average price of $85,681 per