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Current tariffs punish recyclers and U.S. companies that make aluminum-based products while failing to revive domestic smelting.
Federal Reserve Bank of New York President John Williams said on Wednesday rising long-term bond yields aren't driven by inflation fears but are instead a reflection of a solid economy, in comments that also said he was still collecting information to drive his next monetary policy decision.
US indices are squishy in premarket trading as elevated interest rates keep pressure on stocks. The Nasdaq remains rangebound, while the Dow and S&P 500 are testing important support ahead of Friday's jobs report.
US Energy Secretary Chris Wright discusses details of Venezuelan oil production and exports, deals signed with Chevron, ENI, and GE Vernova, and offers an update on the Strait of Hormuz. He speaks with Tyler Kendall in Caracas, Venezuela.
Record S&P 500 profit margins reflect surging productivity, driven by AI and capital-intensive sectors, even as hours worked and labor share decline. Stripping out Alphabet and Amazon, S&P 500 margins remain at historic highs, highlighting narrow earnings growth concentrated in AI-exposed names.
The LLM Token Expenditures Index has collapsed by almost 60% in Q2, and this might force a stall or cut in AI capex as profit margins for hyperscalers shrink. Global yields are soaring, which means a higher cost of capital for hyperscalers, and possibly higher credit risk.
New York Fed President John Williams on Wednesday said he sees the recent rise in Treasury yields as the product of a strong economy. Williams added that he is taking a "wait-and-see" approach to whether an interest rate hike is necessary.
Even as the 10-year Treasury yield hits two-year highs, Kevin Hincks says stocks remain "relatively calm" heading into Wednesday's trading session. He discusses what the move means for equities and other factors tied to bonds like housing.
A jittery Treasury market and the prospect of Fed rate increases risk making life more expensive for already cost-pressured Americans.
Kainan Holding Group is targeting a $20 million U.S. IPO, seeking a $104 million market capitalization despite operating in a fragmented, low-margin Malaysian staffing market. KHG has delivered strong recent revenue growth (78.8% YoY in 1H FYE 2026) but faces thin net margins, increasing customer concentration, and deteriorating cash conversion. IPO proceeds will fund workforce expansion, digital transformation, and working capital, but the company's high EV/EBITDA multiple (35x) far exceeds industry norms.
Credo delivered 115% revenue growth, while management expects 85%+ FY2027 growth and more than $600 million optical revenue. AEC growth is normalizing, but DSPs, silicon photonics, and ZeroFlap Optics are becoming Credo's next major growth engines. Non-GAAP gross margin remained 68%, while a 25% inventory increase creates an important test for the second-half optical ramp.
CNBC's Steve Liesman and New York Fed President John Williams joins 'Squawk Box' to discuss the state of the economy, rising bond yields, the Fed's inflation fight, interest rate outlook, and more.
Private companies added a net 38,000 jobs in August, after adding a revised 46,000 jobs in July, ADP said. Economists polled expected to see 47,000 new private-sector jobs added.
Credo Technology Group Holding delivered record Q1 revenue of $479M, up 114.7% YoY, and beat both internal and Wall Street estimates. CRDO maintained robust non-GAAP gross margins at 68% and raised full-year revenue growth guidance to over 85%, reaffirming its optical ramp for FY27. Despite strong fundamentals and an upgraded outlook, CRDO shares fell 18% post-earnings, widening the disconnect between business performance and market price.
US Treasury Secretary said the Strait of Hormuz route will eventually be bypassed and become "worthless". He speaks after the conflict between the US and Iran escalated sharply, with American forces carrying out a fresh wave of strikes and the Iranians saying they have retaliated.
