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US Inflation Hits 3.8%, Highest Since May 2023
April CPI rose 3.8% YoY, with core CPI at 2.8%, reducing chances of Fed rate cuts and pressuring risk assets like crypto.
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ATCO CEO: Oil Sector's Innovation Can Outweigh Carbon Price Hike
ATCO CEO Nancy Southern says Canada's oil industry is innovative enough to handle a rising carbon price, countering competitiveness concerns.
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30-Year US Bond Yield Hits 5% As Kevin Warsh Takes Over Fed Amid Rising Inflation
US 30-year bond yield tops 5% for first time since 2007 as Kevin Warsh confirmed as Fed chair. Inflation at 3.8% driven by Iran war energy shock.
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Blackstone Data Center IPO Opens Flat at $1.75 Billion
Blackstone Digital Infrastructure Trust debuts flat on NYSE after raising $1.75 billion to invest in hyperscale data centers.
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Blackstone's Data Center Vehicle Opens Flat After $1.75 Billion IPO
Blackstone's Digital Infrastructure Trust (BXDC) starts trading at $20, marking a strategic play in the booming AI data center market.
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Themes ETFs Files for Leveraged Version of Red-Hot DRAM Fund After 98% Surge
Themes ETFs seeks to launch a leveraged version of the Roundhill Memory ETF (DRAM), which surged 98% in six weeks, capturing 17% of all US stock ETF inflows.
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Cerebras Stock Soars 90% in AI-Powered Market Debut
Cerebras Systems shares jump on IPO debut, riding AI boom. The chipmaker raised $5.55 billion in the largest IPO this year.
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Fed's Goolsbee Warns Inflation 'Bad News' Rate Cuts Unlikely
Chicago Fed president says April wholesale prices rose 6%, threatening rate cuts and risk assets like Bitcoin.