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Flex agreed to acquire EPC Power for $4.4 billion, subject to customary adjustments. The deal adds power conversion and grid-forming technology for data center and utility applications and is expected to close in the fourth quarter of 2026.
Bloom Energy Corp. shares trade higher in Friday premarket as traders lean into the AI data center power-demand theme and a CoreWeave expansion read-through.
US CPI YoY is 3.4%, matching forecast and down from 3.5% previously
() -- China's annual inflation rate dropped to 1.0% in June, after arriving at a rise of 1.2% in May. The markets' slightly firmer print of 1.1%, the National Bureau of Statistics of China reported Thursday. On a monthly basis, the inflation declined 0.30% in June, compared with the 1% slide in May. Prior to the market
ARK Invest CEO Cathie Wood says inflation could fall to between 0% and 1% over the next few years as productivity rises and labor costs ease, and expects Federal Reserve Chair Kevin Warsh to avoid tightening policy if price pressures ease