Wall Street climbed in Wednesday holiday week trading as AI cloud provider CoreWeave soared nearly 22 percent after disclosing 9 billion dollars in upcoming customer prepayments, propelling Micron Technology up 11.7 percent and lifting the Nasdaq 1.6 percent.
Wall Street climbed in Wednesday holiday week trading as AI cloud provider CoreWeave soared nearly 22 percent after disclosing 9 billion dollars in upcoming customer prepayments, propelling Micron Technology up 11.7 percent and lifting the Nasdaq 1.6 percent.
ExxonMobil signed a nonbinding memorandum of understanding with Venezuelan state oil company PDVSA in Caracas to evaluate upstream heavy crude projects, marking a potential return almost two decades after Hugo Chavez expropriated its operations.
Boeing announced a 5 percent workforce reduction across its Commercial Airplanes division starting in December after pushing its 737 production target into 2027, as Japan's SoftBank Group reported a 1.1 trillion yen quarterly net loss tied to aggressive US artificial intelligence data center spending.
The Senate voted 62 to 21 Tuesday evening to advance the Bipartisan American Affordability and Jobs Act, speeding federal power line and pipeline approvals while directing regulators to shift an estimated $55 billion in grid upgrade costs onto large data centers.
CoreWeave topped Wall Street expectations and its own third quarter guidance on Tuesday with 3.66 billion dollars in revenue and 379 million dollars in adjusted operating income, lifting full year 2026 guidance even as quarterly net interest costs climbed to 846 million dollars.
Bureau of Labor Statistics data released Tuesday showed US consumer prices rose 0.4 percent in October while core inflation climbed 0.3 percent for a third consecutive month, sending 10 year Treasury yields toward 4.94 percent and putting a half point December Fed hike into play.
Artificial intelligence developer Anthropic launched its Nasdaq IPO roadshow Tuesday with an amended SEC filing offering 825 million Class A shares at 70 to 78 dollars apiece to raise up to 64.35 billion dollars publicly alongside a 26 billion dollar private placement from seven chip and cloud giants.
British telecom group Vodafone lifted its fiscal 2027 earnings and free cash flow targets after first half revenue rose 11.4 percent to €21.9 billion, even as accounting charges in Germany and Britain produced a €3.6 billion statutory loss.
China extends a temporary pause on expanded export controls until January 10. The announcement implements an earlier arrangement, not a permanent removal of export rules.
Musk says Tesla cannot fulfil every order before the production line closes. His refund comments add a new consequence to the previously announced wind down.
Berkshire’s third quarter release shows weaker insurance earnings alongside gains in rail, energy and manufacturing. Larger repurchases raise a separate capital allocation question.
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