The race in AI is no longer just about building better models. It is now about owning the chips that power them. Amazon.com (AMZN), Microsoft Corporation (MSFT), Alphabet (GOOG) (GOOGL), and Meta Platforms (META) are expected to spend as much as $725 billion combined in 2026, mostly on AI data centers, custom chips, and networking…
Cadence (CDNS) recently announced that it had expanded its collaboration with Intel’s (INTC) chip-manufacturing unit, known as Intel Foundry. Under the deal, Intel will utilize Cadence’s AI agents and its Design IP products to enhance “Intel’s next-generation process technologies, beginning with Intel 14A.” The agreement provides evidence that my previous, bullish thesis on Cadence is…
A major traditional finance product is moving to Solana with a planned $250 million commitment. Securitize, the tokenization platform with more than $4 billion in assets under management, has expanded its Securitize Tokenized AAA CLO Fund, known as STAC, to Solana. Ethena Labs, the creator of the USDe stablecoin, plans to allocate $250 million to…
Corn futures are trading with Thursday losses of 5 to 6 cents across most contracts, as the world competition has grown in USDA’s balance sheet. The CmdtyView national average Cash Corn price is down 5 cents at $3.81 1/4. Export Sales data from this morning indicated 1.00 MMT of old crop corn business in the week…
Artificial intelligence is reshaping industries from healthcare to finance, and now it is coming for one of America’s most traditional assets — real estate. One family in Miami is betting on the AI boom, asking buyers interested in their luxury home for stocks in OpenAI, Anthropic or SpaceX. In an essay with Business Insider, (1)…
June 11 (Reuters) – Asset manager BlackRock sought to buy at least $5 billion worth of shares in the initial public offering of Elon Musk’s SpaceX , the Wall Street Journal reported on Thursday, citing people familiar with the matter. SpaceX is expected to raise about $75 billion in what would be the world’s largest…
General Motors (GM) shares were in the spotlight on June 10 after the automaker made significant announcements at its GM Empower event in San Francisco. Crucially, the NYSE-listed giant announced plans to enter the grid-scale energy storage market via a sodium-ion battery partnership with Peak Energy. More News from Barchart GM also committed to redirecting…
July NY world sugar #11 (SBN26) today is down -0.05 (-0.36%), and Aug London ICE white sugar #5 (SWQ26) is up +4.80 (+1.08%). Sugar prices are mixed today, with NY sugar falling to a 7-week low. Dollar strength is weighing on sugar prices, as the dollar index ($DXY) rallied to a 2-month high today. More…
If you think inflation means stores are dropping prices to win consumers back, think again. One of America’s historic footwear giant is actually betting on higher-priced products, and closing stores at your local malls. The way we buy shoes has radically transformed. Stiff dress shoes have been replaced by versatile comfort, according to the US…
You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. ‘Engagement’ an Issue with Advisors, Next-Gen Clients uhnw-panel-2.jpg RIA leaders speaking on a panel at the UHNW Summit at Wealth Management EDGE said there is a pressing need for financial advisors to engage with their clients’ second-generation family members, rather than…
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