This powerful stock-market momentum trade has hit a wall after seeing biggest unwind since 2001

The Securities and Exchange Commission has appointed Kathleen M. Hutchinson as Director of the agency’s Office of International Affairs (OIA). OIA advises the Commission on international policy matters, coordinates with foreign authorities across the globe to facilitate cross-border enforcement and supervisory cooperation and provides technical assistance. Ms. Hutchinson has served as OIA’s Acting Director since…

Gabby Jones | Bloomberg | Getty Images Anthropic on Monday signed a 20-year lease to use a TeraWulf data center in Kentucky. The data center, located about an hour southwest of Louisville, will have capacity of around 400 megawatts with first power delivery expected in the second half of 2027. The lease is initially expected…

Key Points Broadcom is the diversified incumbent with custom AI chips, networking hardware, and infrastructure software, while Marvell is making a more focused bet on custom silicon and the optical networking that keeps AI clusters running. Despite serving many of the same hyperscaler customers, Broadcom trades at a lower valuation than Marvell while offering a…

The USDCAD dips after the Canada jobs report. What are the charts telling traders? !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

The rupee slipped 20 paise to 95.16 against the greenback in early trade on Wednesday as the US launched fresh strikes on Iran after Tehran struck three ships in the Strait of Hormuz, pushing up crude oil prices and strengthening the dollar. A weaker opening in the domestic equity markets further pressured the…

Global stock markets saw a sharp downturn earlier this year, but Dalal Street has begun to show strong resilience recently. In this backdrop, PL Capital increased its Nifty 50 target to 27,019, while cautioning that the prolonged West Asia crisis and impact of the mega El Nino year can play a “spoil sport”. The Nifty…