Micron blowout earnings 📈, Anthropic vs. Alibaba 🤖, BTC dips below $60K 🪙

JPMorgan Chase announced a $50 billion share repurchase program and a 10% increase in its quarterly dividend to $1.65 per share, following the Federal Reserve's annual stress test which confirmed the bank's strong capitalization. Other banks like Goldman Sachs, Wells Fargo, and Morgan Stanley also announced dividend increases, signaling confidence despite regulatory uncertainties.

CNBC · 2 minute read

US chipmaker Micron reported a third quarter revenue exceeding expectations by more than 15% due to strong AI infrastructure demand, elevating its market valuation past $1 trillion. Despite a rise in stock prices in after-hours trading, recent losses weren't fully recovered amid global tech sector volatility.

Yahoo Finance · 1 minute read

SK Hynix announced plans for a $38 billion US stock listing, while Micron Technology reported earnings that exceeded expectations, driving a surge in stock prices and highlighting the memory chip sector's critical role in AI development. Micron shares have surged 267% this year, benefitting from high demand and supply shortages driven by AI advancements.

Com · 4 minute read

San Francisco-based AI company Anthropic has accused Chinese tech firm Alibaba of conducting the largest known campaign to illicitly extract capabilities from its Claude AI model using 'distillation attacks'. In a letter to US Congress, Anthropic urged for penalties and measures to prevent the theft of US technology.

BBC · 2 minute read

LVMH has responded to allegations made by a Hermès heir regarding a missing fortune, escalating the dispute between the two luxury goods companies.

Msn · 3 minute read

Meta Platforms and Microsoft have significantly increased their commitments to future data center leases, contributing to over $850 billion in industry spending for AI infrastructure expansion. Meta added $79 billion in new commitments, while Microsoft increased by $41 billion, aiming to bolster their AI capabilities by the decade's end.

Com · 2 minute read

Lee Robinson, known for profiting immensely during the 2008 financial crisis, is now focusing on shorting insurers backing the $1.8 trillion private credit market due to perceived risks and potential downturns. His firm Altana plans to use credit default swaps to manage these risks, drawing parallels to pre-crisis conditions marked by investor overconfidence.

Yahoo Finance · 3 minute read

Key parts of the oil market are experiencing an oversupply due to an increase in cargoes from the Strait of Hormuz following a US-Iran agreement, causing prices to drop and significant discounts in grades like Angolan crude. This situation marks a shift from recent tightness, as Chinese refiners reverse typical flows and offer oil for sale, leading to bearish market conditions.

Yahoo Finance · 3 minute read

The U.S. dollar strengthened as investors speculated on potential interest rate hikes by the Federal Reserve, leading to increased demand for the currency amid expectations of tighter monetary policy.

Brecorder · 3 minute read

Tanker rates have soared nearly nine times the benchmark for routes from the Persian Gulf to India following a U.S.-Iran memorandum of understanding, prompting oil importers to urgently charter vessels. The high demand and uncertainty over safe passage through the Strait of Hormuz have resulted in daily earnings for some very large crude carriers reaching nearly $470,000.

ZeroHedge · 3 minute read

Spot gold prices fell below $4,000 per ounce for the first time since November 2025, pressured by a strong U.S. dollar and expectations of ongoing high interest rates, while ING analysts revised their gold price forecasts downwards for the latter quarters of 2026.

Bnnbloomberg · 2 minute read

Fertilizer exports through the Strait of Hormuz have increased significantly following a U.S.-Iran interim peace deal, with 16 vessels exiting and shipments nearing prewar levels. This resumption has reduced supply concerns and led to a plunge in urea prices, alleviating one of the major threats to food inflation.

Ttnews · 3 minute read

Kalshi is in discussions to secure funding at a $40 billion valuation as it expands its predictions market, having recently raised $1 billion at a $22 billion valuation and increased its trading volume to over $17 billion. The company, which primarily sees sports bets, is navigating regulatory challenges while promoting itself as a pro-regulation entity.

Sportsbusinessjournal · 2 minute read

Bitcoin's price dropped below $60,000 due to concerns about Strategy Inc.'s financing and a shift in capital from retail traders to AI stocks. This decline, along with a significant liquidation of crypto positions and Strategy's own declining stock value, raises questions about the company's ability to sustain Bitcoin purchases.

Thehindubusinessline · 3 minute read

Bitcoin faces a potential deepening selloff as $10 billion worth of options are set to expire, which could lead to increased market volatility and investor anxiety.

Co · 3 minute read