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Can the AI Boom Keep Defying the Headwinds?

Can the AI Boom Keep Defying the Headwinds?

The 10-year Treasury yield hit 5% this week for the first time since 2023. Kate Duguid, Emily Herbert and Ian Smith reported that surging oil prices battered government bonds worldwide, with yields touching 5.01% before easing to 4.98% (FT). Oil continues to rise...
SpaceX Earnings Show AI Is Doing Some of the Work

SpaceX Earnings Show AI Is Doing Some of the Work

Yesterday, SpaceX released its first quarterly report as a public company. Revenue hit $7.8 billion for the April-to-June quarter, up 92% from a year earlier, against Wall Street estimates of about $6.8 billion, as WSJ’s Micah Maidenberg reports (WSJ). Net loss...