Costco Shuts Down Its Hidden Discount Marketplace With No Warning to Members
A Beloved Perk Disappears Overnight Millions of Costco members woke up this week to find one of the warehouse giant’s most beloved hidden perks had quietly vanished. Costco Next, an online marketplace that members often regarded as one of the retailer’s most coveted hidden perks,…
Norway’s Massive Oil Fund Is Pulling $80 Billion Out of US Treasuries
A Historic Shift Away from US Government Debt The manager of Norway’s $2.3 trillion sovereign wealth fund has proposed significantly cutting its exposure to U.S. Treasuries as part of a wider shake-up of its bond investments to improve returns. It’s a move that signals growing…
Wall Street Ends Its Losing Streak as Fed Rate-Hike Fears Begin to Fade
A Rough Week Gets a Welcome Reprieve After three bruising days of losses, Wall Street finally caught its breath. Stocks rose on Wednesday as U.S. Treasury yields took a breather from the recent run-up that had sent them to multiyear highs. The S&P 500 advanced…
Snowflake Stock Surges 22% as AI Products Fuel Blockbuster Quarter
A Blowout Quarter That Caught Wall Street Off Guard Snowflake shares rose 22% in extended trading on Wednesday, September 3, after the data analytics software maker reported results and guidance that surpassed expectations. The jump was stunning even by the standards of a company that…
AI Is Triggering the Largest Infrastructure Investment Boom in Human History
A Number That Defies Comprehension Thirty-one-point-six trillion dollars. That figure — the amount the world is projected to spend on data centers through 2050 — is so large it barely registers at first glance. To put it in perspective: the entire U.S. gross domestic product…
Broadcom Posts Record AI Revenue but Guidance Disappointment Sends Shares Sliding
A Record Quarter That Wall Street Shrugged Off On paper, Broadcom’s fiscal third-quarter results looked like a triumph. The company reported record third-quarter revenue, operating income, and free cash flow, driven by sharply higher demand for artificial intelligence semiconductors and custom AI accelerators, with revenue…
Anthropic’s $35 Billion Texas Data Center Deal Reveals the True Scale of the AI Arms Race
A Deal That Rewrites the Rulebook on AI Infrastructure Anthropic has agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia, as part of an effort to rapidly expand its AI capacity. The sheer size of the agreement is staggering…
Bond Yields Hit an 18-Year High and Your Wallet Is Already Feeling It
A Global Selloff With No Easy Exit Global bond yields have climbed to their highest level in almost two decades, as rising oil prices fuel inflation concerns and investors ramp up expectations that the Federal Reserve will raise interest rates. The sheer breadth of the…
American Airlines Launches Seven New International Routes for Summer 2027
A Major Push Across the Atlantic and Beyond American Airlines has unveiled its international route network for the Summer 2027 season, featuring a robust expansion with seven new transatlantic and intercontinental routes and the addition of three new global destinations. The announcement, which came at…
Fed Chair Warsh’s Inflation Warning Sends Gold Tumbling and Rate-Hike Bets Soaring
A Hawkish Message Rattles the Gold Market Gold tumbled more than 3% on Friday, August 29 — its sharpest daily decline since June 10 — after Federal Reserve Chair Kevin Warsh signaled at the Jackson Hole symposium that policymakers may need to do more if…
