Akamai jumps on Anthropic cloud-services deal; People Inc. rises on takeover reports
Premarket AI-related shares are firmer, with Akamai surging after an $11.6 billion cloud-services agreement with Anthropic and People Inc. higher on reports MGM Resorts is considering a takeover bid. The 10-year Treasury yield is near 5.1%, Brent remains above $100, and markets price a 71% chance of another 25-basis-point Fed hike in October.
6B cloud-services agreement with Anthropic; People Inc. is up roughly 9% on reports MGM Resorts is considering a takeover bid. 1%, Brent remains above $100, and markets now price roughly a 71% chance of another 25-bp Fed hike in October. 8 expected), while Fed speakers include Williams this morning and Cleveland Fed President Beth Hammack at 2:00 PM—leaving AI momentum, Treasury yields, oil/Iran developments and Fed expectations as the primary drivers into the weekend.