Micron Shares Barely Budge Despite Memory Shortage Set to Last Until 2030
Micron Technology stock closed 0.27% lower even after SK hynix’s CEO said the memory chip shortage could persist until 2030, with Jim Cramer weighing in on why.
Treasury’s $950 Billion Bond-Market Plan Sparks Debate Over Fed Independence
Treasury Secretary Scott Bessent’s reported plan to tap $950 billion from the General Account for bond purchases has drawn both support and criticism from market watchers.
Iran’s Foreign Trade Plunges 35% as Sanctions and Naval Blockade Bite
Iran’s foreign trade has fallen nearly 35% and inflation has hit 66% amid US sanctions and a naval blockade, prompting a proposed 100% gasoline price hike.
Arthur Hayes Names Ethereum Top Crypto Pick, Sees Bitcoin Hitting $1 Million
BitMEX co-founder Arthur Hayes forecasts Ethereum could rise 3 to 5 times and reiterates a $1 million Bitcoin target, as ETH trades near $2,435 and HYPE cools.
Broadcom Stock Lags Tech Sector Despite Bullish Analyst Bets
Broadcom (AVGO) shares have underperformed the broader tech sector after a 4.6% drop tied to peer weakness, even as analysts stay bullish on its AI-driven outlook.
Alphabet Stock Lags the Tech Sector, But Analysts Stay Bullish
GOOGL shares have trailed the broader market over the past year even as Wall Street analysts remain upbeat on Alphabet’s cloud and advertising prospects.
X Says It Uncovered Chinese Bot Network Targeting AI Data Center Debate
X’s safety team says it found a network of 200,000 suspected inauthentic Chinese accounts, including 200 posting to influence the US debate over AI and energy policy.
AI Chip Boom Sends Global Foundry Market Up 29% in Q2
Counterpoint Research reports the global pure-play foundry semiconductor market grew 29% year-over-year in Q2, driven largely by surging AI chip demand.
Warsh’s Hawkish Jackson Hole Speech Sends Dow, S&P 500, Nasdaq Lower
Fed Chair Kevin Warsh’s inflation-fighting stance at Jackson Hole rattled Wall Street, with the S&P 500, Nasdaq and Dow all closing lower as September rate hike bets grow.
Wells Fargo’s $1 Billion Crypto Bet Contrasts With Its Retail Restrictions
Wells Fargo blocks credit-card crypto purchases for customers even as its Bitcoin and Ether ETF holdings climb toward $1 billion by Q2 2026.