The S&P 500 is making a change by adding this little-known industrial stock
Ferguson Enterprises’ stock was rallying more than 8% after news the Newport News, Va., company will be joining the S&P 500 index, edging out betterknown names…
Bitcoin holds July gain as 'forced-selling fuel was already spent,' analysts say
The largest crypto shrugged off a barrage of bad news this month, but traders remain cautious as rate hike fears and jobs data loom. Source:CoinDesk
Did China build a top-tier AI model by itself? A new report suggests Nvidia chips played a role.
Alibaba has an agreement for Moonshot to use its Nvidia H200s, according to Bloomberg — but the Chinese tech giant pushed back against the report.…
Supply-chain legend Tim Cook finally meets his match with Apple’s memory crunch
Apple has found itself dealing with component shortages exacerbated by the AI boom, and the company is scrambling for solutions. Source:MarketWatch
AI stocks may have bottomed out. What investors should watch for next.
Microsoft earnings provided optimism for the AI trade, as did the trading activity surrounding a hedge fund’s fire sale. Source:MarketWatch
Warsh’s Fed is failing to stick to its own principles for good monetary policy
Bond investors don’t understand how Fed Chair Kevin Warsh’s pledge to restore stable prices squares with inaction on interest rates. Source:MarketWatch
S&P 500 heads for the first July decline since 2014. Here are the stocks that led the selloff.
After a whipsaw end to the month, the stock market’s decline was highlighted by the worst month for chip stocks in 24 years. Source:MarketWatch
Let’s elect candidates who will make the wealthy pay taxes
We can use some of those revenues to make Social Security contributions more equitable. Source:MarketWatch
US Treasury yields rise as TIPS challenge the inflation narrative
TIPS data points to rising real yields, not inflation, a dynamic that weighs on nonyielding assets like Bitcoin. Source:Cointelegraph
Micron’s stock falls after Apple’s Tim Cook expresses a desire for more memory suppliers
Apple and Amazon are both being hurt by higher memory prices. Source:MarketWatch
Bitcoin price sinks to 2-week lows as US stocks fail to copy Asia rebound
Bitcoin saw fresh downside pressure as US stocks tracked sideways into the end of the month, diverging from the relief bounce seen in Asia. Source:Cointelegraph
Quantum computing nears commercial breakthrough, IBM CEO says
Arvind Krishna said quantum computing will begin generating meaningful revenue before the decade ends as investment in the sector accelerates, in an interview…