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Bank of America analyst Vivek Arya said in a report Wednesday that artificial intelligence could boost the AI data center market to $823 billion by 2030, up from $256 billion in 2025. “We expect every major country/region to invest in creating its independent 'sovereign' AI factory, trained in local language, culture, generating high-tech employment, and serving critical healthcare, defense, industrial, financial and cyber needs,” Arya wrote. Some $650 billion of that market would go to AI chips alone, up from $201 billion in 2025. Nvidia (NVDA) is set to be...

In remarks made on Capitol Hill early Tuesday, Federal Reserve Chair Jerome Powell brushed aside political criticism and reaffirmed the Fed’s commitment to its mission: delivering a strong and stable economy for the American people. When asked about recent name-calling and public pressure from political leaders, including accusations from President Trump of being "too late" on rate cuts, Powell made it clear that such distractions don’t influence the Fed’s work. "We’re focused on one thing," Powell said at the start of his two-day testimony. "And that is we want to...

US stock futures jumped on Tuesday, while oil prices slumped amid hopes that a US-brokered ceasefire between Israel and Iran could lay the groundwork for a more permanent end to hostilities. Dow Jones Industrial Average futures (YM=F) rose 0.7%, while those on the S&P 500 (ES=F) moved up roughly 0.8%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led the advance, up 1%. A relief rally is building amid hopes for a lasting end to a 12-day-old conflict that has spooked markets with its risks of squeezed oil supply and escalation...

US stock futures rose after President Trump announced a ceasefire between Israel and Iran. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) jumped 0.4%. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) rose 0.6%. "It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE," the president wrote on Truth Social on Monday evening. The ceasefire, Trump said, would begin at about 12 a.m. ET. He continued, "On the assumption that everything works as...

Wall Street is closely watching escalating tensions in the Middle East after President Trump confirmed that the US launched a surprise strike on Iran’s nuclear sites late Saturday, marking the country’s official entry into the two-week-old conflict. Markets have held mostly steady in the aftermath of the escalation, although US stock futures fell across the board when trading opened Sunday evening. Additionally, bitcoin (BTC-USD) prices, often viewed as a barometer of risk appetite, dropped over 1.6% to trade around $100,500 a coin. WTI crude (CL=F) and Brent (BZ=F) futures jumped,...

Circle's (CRCL) massive rally shows no signs of cooling. The stablecoin issuer soared as much as 15% in early trading on Friday, extending its stunning post-IPO surge as Wall Street bets big on crypto’s next major disruptor. "Circle as a top-tier crypto 'disruptor' with a sizeable future opportunity," Seaport Research Partners analyst Jeff Cantwell wrote on Friday. "On the back of an improving regulatory climate, we expect adoption globally of stablecoins such as USDC," he added. Cantwell initiated the stock with a Buy rating and a price target of $235...

Circle's (CRCL) massive rally shows no signs of cooling. The stablecoin issuer soared as much as 15% in early trading on Friday, extending its stunning post-IPO surge as Wall Street bets big on crypto’s next major disruptor. "Circle as a top-tier crypto 'disruptor' with a sizeable future opportunity," Seaport Research Partners analyst Jeff Cantwell wrote on Friday. "On the back of an improving regulatory climate, we expect adoption globally of stablecoins such as USDC," he added. Cantwell initiated the stock with a Buy rating and a price target of $235...

US stock futures edged lower Thursday evening as investors weighed the possibility of direct US military involvement in the Israel-Iran war. President Trump on Thursday introduced a self-imposed two week time limit on his decision to enter the conflict, adding another layer of uncertainty to an already cautious market. Dow Jones Industrial Average futures (YM=F) were down over 150 points, or 0.4%, while S&P 500 (ES=F) and Nasdaq 100 (NQ=F) futures each dipped about 0.3%. Markets were closed Thursday in observance of Juneteenth, offering investors a brief pause as global...

US stock futures fell as investors braced for ongoing Israel-Iran hostilities that could draw in the US, along with the Federal Reserve's upcoming interest rate decision. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) slipped 0.3%. President Trump met with his national security team on Tuesday to discuss Israel and Iran, raising speculation that the US could join Israel's attack. The White House did not provide any details on the meeting, and the president spoke with Israeli Prime...

US stock futures fell as investors braced for ongoing Israel-Iran hostilities that could draw in the US, along with the Federal Reserve's upcoming interest rate decision. Futures attached to the Dow Jones Industrial Average (YM=F) slipped 0.2%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) fell 0.3%. President Trump met with his national security team on Tuesday to discuss Israel and Iran, raising speculation that the US could join Israel's attack. The White House did not provide any details on the meeting, and the...