WS #13996
July PPI flat m/m vs +0.2% expected, annual rate down to 4.7%, reinforcing market bets that the Fed will hold rates in September, supporting risk-on sentiment and record highs in equities. IREN jumps 10% as Microsoft accepts first data center under $9.7B deal, Lenovo revenue up 43% on AI demand, and Dell continues to rally, while Cerebras slumps on earnings miss. Anthropic investors expect a $2T+ IPO in October, with annualized revenue projected at $100-120B by end-2026, potentially the largest IPO ever, and talks to acquire Decart AI for $6B. White House policy shift permits vetted private companies to launch offensive cyberattacks, potentially boosting cybersecurity firms and raising legal concerns.
Cooling Inflation and Fed Hold Expectations
July PPI flat m/m vs +0.2% expected, annual rate down to 4.7%, reinforcing market bets that the Fed will hold rates in September, supporting risk-on sentiment and record highs in equities.
IREN jumps 10% as Microsoft accepts first data center under $9.7B deal, Lenovo revenue up 43% on AI demand, and Dell continues to rally, while Cerebras slumps on earnings miss.
Anthropic investors expect a $2T+ IPO in October, with annualized revenue projected at $100-120B by end-2026, potentially the largest IPO ever, and talks to acquire Decart AI for $6B.
White House policy shift permits vetted private companies to launch offensive cyberattacks, potentially boosting cybersecurity firms and raising legal concerns.