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Featured AlphaTack Intel Article
Explosive Drone at German Airport Marks New Threat to Europe
A German airport used to ship Ukraine military equipment resumed flights after discovering an explosive-laden drone, prompting warnings of new threats targeting Europe. Germany’s Leipzig-Halle airport, a major hub for transporting cargo and arms, diverted several...
– AlphaTack Intel Articles –
Gap Shares Plummet After Retailer Lowers Sales Outlook
Gap Inc. shares plunged after it lowered its outlook for net sales growth for the year. The retailer now sees net sales up as much as 2%, after previously forecasting as much as 3% growth. Overall comparable sales, as well as comparable sales for the Old Navy, Banana...
Anthropic Valued at $965 Billion After Latest Funding Round, Eclipsing OpenAI
Anthropic PBC raised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time. The funding, announced Thursday, was led by Altimeter...
Bitcoin Falls to Six-Week Low Amid War Jitters, ETF Outflows
Bitcoin fell to its lowest level in more than six weeks as jitters over the US-Iran war and outflows from US exchange-traded funds weighed on the largest cryptocurrency. Bitcoin dropped as much as 3.3% to $72,643 on Thursday, its weakest since April 13. It was trading...
China Chip Giant CXMT’s IPO Revives Memories of Past Market Tops
The buzz surrounding ChangXin Memory Technologies Ltd.’s anticipated IPO is also triggering anxiety in parts of China’s market, where investors recall earlier mega-deals that absorbed vast amounts of liquidity and marked turning points for equities. Hefei-based CXMT,...
China’s Declining Appetite for Oil Laid Bare by Iran War
Chinese imports of crude oil are set to drop to levels not seen since the pandemic, as the war in Iran reveals the extent to which demand has disappeared and may not be coming back. Inbound shipments could fall to an average of 10.9 million barrels a day this year,...
KKR’s Nuttall Says Trading Private Credit Is ‘Likely to Happen’
KKR & Co.’s co-chief executive officer Scott Nuttall said it was likely that the alternative asset manager would eventually start trading private credit, following early efforts by Apollo Global Management Inc. to create a market for less liquid debt. “The...