CoreWeave (CRWV) shares surged more than 12% Thursday on the heels of strong earnings reports from two of its customers, Microsoft (MSFT) and Meta (META). Microsoft is CoreWeave’s largest customer, accounting for 72% of its revenue in the burgeoning cloud provider’s most recent quarterly earnings report. Microsoft spent $88.2 billion in its fiscal year 2025, ahead of the $80 billion it previously forecast. That figure represented a 58% increase in the tech giant’s spending from the prior year. Microsoft said its spending will grow at a slower pace in its 2026 fiscal year. During the first quarter, it expects to…
Author: user
The average rate on a 30-year U.S. mortgage eased to where it was three weeks ago, modest relief for prospective homebuyers challenged by rising home prices and stubbornly high borrowing costs.The long-term rate slipped to 6.72% from 6.74% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.73%.Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased. The average rate dropped to 5.85% from 5.87% last week. A year ago, it was 5.99%, Freddie Mac said.Elevated mortgage rates continue to weigh on the U.S. housing market, which has been in…
Meta CEO Mark Zuckerberg’s vision of AI involves “personal superintelligence” that will help people achieve their individual goals. “I am extremely optimistic that superintelligence will help humanity accelerate our pace of progress. But perhaps even more important is that superintelligence has the potential to begin a new era of personal empowerment where people will have greater agency to improve the world in the directions they choose,” he said in a blog post on Wednesday. Meta defines superintelligence as AI that teaches itself and that surpasses human cognition, potentially helping people solve complex problems. Meanwhile, a personalized AI companion could remember a user’s…
Financial ExpressIndia ramps up rare earth strategy; eyes Australia, Argentina, Brazil and Chile for supplies: ReportAmid rising global concerns over China’s dominance in rare earth magnets, India is ramping up efforts to diversify supply chains by exploring partnerships….1 month ago Source link
CoreWeave (CRWV) shares surged more than 12% Thursday on the heels of strong earnings reports from two of its customers, Microsoft (MSFT) and Meta (META). Microsoft is CoreWeave’s largest customer, accounting for 72% of its revenue in the burgeoning cloud provider’s most recent quarterly earnings report. Microsoft spent $88.2 billion in its fiscal year 2025, ahead of the $80 billion it previously forecast. That figure represented a 58% increase in the tech giant’s spending from the prior year. Microsoft said its spending will grow at a slower pace in its 2026 fiscal year. During the first quarter, it expects to…
The Washington PostTrump covets rare earth riches, but Greenland plans to mine its own businessInterest in Greenland’s minerals is soaring, driven in part by Trump, who has said the U.S. must “get” the island. But the rare earths will be hard to mine..4 days ago Source link
The average rate on a 30-year U.S. mortgage eased to where it was three weeks ago, modest relief for prospective homebuyers challenged by rising home prices and stubbornly high borrowing costs. The long-term rate slipped to 6.72% from 6.74% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.73%. Shop Top Mortgage Rates Powered by Money.com – Yahoo may earn commission from the links above. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased. The average rate dropped to 5.85% from 5.87% last week. A year ago, it was…
Iron ore and steel traded around a four-month high, as China’s plan for a mega dam in Tibet bolstered the outlook for demand while Beijing’s efforts to rein in overcapacity lifted sentiment.The steel-making ingredient in Singapore climbed to around $104 a ton following a run of four weekly gains, and briefly touched the highest level since February. Futures for reinforcement bar in Shanghai surged to the highest level since March. On the London Metal Exchange, copper advanced. Source link
Image source: Getty Images I’ve been keeping a close eye on an underperforming UK stock for some months. Thankfully, I didn’t buy it. The stock in question is FTSE 250-listed landscaping and building products supplier Marshalls (LSE: MSHL). It’s had a rotten week, tumbling 22% since issuing a profit warning last Friday (25 July). The Marshalls share price is now down 42% over one year and 66% over five. In March, I said Marshalls looked cheap, but wasn’t ready for recovery just yet. That view has aged well after Marshalls slashed earnings guidance for the rest of 2025, and admitted there’s…
Fundamental Global Inc. Led By Visionary Team Bridging Wall Street, DeFi and Web3 Fundamental Global Inc. to be Renamed FG Nexus Inc. Fundamental Global Co-Founder Joe Moglia to serve as Executive Advisor to the Company Maja Vujinovic, an Early Blockchain Pioneer, to Lead the Digital Asset Business Strategic and financial investors include Galaxy Digital, Kraken, Hivemind Capital, Syncracy Capital, Digital Currency Group (DCG), and Kenetic Charlotte, NC, July 30, 2025 (GLOBE NEWSWIRE) — Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (the “Company” or “Fundamental Global”) today announced the pricing and signing of a private placement for the purchase and sale of 40,000,000…