The AI Selloff Is Sentiment — Energy Crisis Is Economic Death
Understanding the Critical Difference Between Market Threats That Can Reverse and Those That Can't
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Nasdaq futures rise as oil prices ease
Stock futures rose Friday as AI-related shares recovered and oil prices fell. The rebound followed Thursday's tech selloff, while investors also looked ahead to next week's earnings season and later U.S. consumer sentiment data.
Firmus scraps Australian IPO amid market conditions
Nvidia-backed cloud-computing company Firmus Grid withdrew its application to list on the Australian Securities Exchange and scrapped plans for an IPO it said would have raised almost US$5 billion. The company cited recent market volatility and prevailing market conditions.
Treasury yields stay near multidecade highs
U.S. Treasury yields held near multidecade highs in Asia as traders remained focused on higher borrowing costs and a modest risk-off tone.