In Q2-2026, OpenAI reported operating losses of $12.3 billion against $6.7 billion in revenue, reflecting a -183% margin during a period when global IT budgets were heavily invested in AI. Meanwhile, long-term bonds worldwide are demanding historically high yields, signaling tightening in the bond market. Goldman Sachs estimated $500 billion in AI-related debt issuance year-to-date by early August. CDT Capital Management maintains minimal AI exposure across 29 positions in 8 sectors, reflecting cautious investment amid the AI surge and market uncertainties.
AbbVie confirmed its $11 billion acquisition of Apogee Therapeutics, enhancing its drug pipeline in immunology, oncology, neuroscience, and aesthetics. The deal causes only modest near-term earnings dilution. AbbVie's Q2 results beat expectations, dr...
Bitcoin's price surged past $81,000, triggering $544.85 million in liquidations of leveraged crypto bets within 24 hours, mostly short positions worth $456.44 million. This rally coincided with a sharp drop in the US Dollar Index and a significant de...
Economist Mohamed El-Erian predicts the ongoing sell-off of global government bonds will persist due to rising yields and a lack of reliable buyers, especially for U.S. Treasurys. Key traditional holders like China, Japan, and Gulf countries are less...
Adelayde Exploration Inc. announced its common shares are now eligible for electronic clearing and settlement through the U.S. Depository Trust Company (DTC). This change simplifies trading and holding of shares for U.S.-based brokers and investors b...
Bitcoin surged past $80,000 recently, driven by investors holding onto their coins as shown by a drop in 1-year active supply and exchange reserves. However, significant sell pressure and negative demand signals indicate uncertainty, with sellers off...
