Rackspace: Negative Equity, Shrinking Revenue, Crushing Debt – AI Dream Meets Reality

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Oil jumps past US$78 while gold and financials drag the Toronto index to a one-month low

US issues fresh Iran-related sanctions as conflict flares

Gold is attempting to recover after Tuesday’s selloff, with price trading near 4,136 at the time of this analysis. The key message for gold traders today is that 4,121-4,129 is not a clean bearish breakdown zone. It is a support and decision area. Bulls still need a sustained move above 4,156-4,157 to improve the outlook,…

Space Exploration Technologies (SPCX 6.83%) attracted a lot of buzz heading into what became the largest IPO in the stock market’s history. Elon Musk became the world’s first trillionaire, and some investors want to ride the momentum. While investor enthusiasm has helped the stock stay above its $135 IPO price, it’s down more than 30%…