META jumps 2.4% on new AI & $21B CoreWeave deal. Down YTD but up 100% in 5 yrs.
ADSK, PCTY, RPD plunge on AI disruption fears. Burry eyes legacy SaaS vulnerability. Buy dips?
Japan wholesale inflation rose 2.6% y/y in March, with import prices surging on higher oil costs. The BOJ warned of stagflation risks if the Middle East conflict persists, as markets price a rising chance of a near-term rate hike.
FRT yields 4.1% with 58 yrs of dividend hikes; EPD yields 5.7% w/ 1.7x coverage; ARCC yields 10.5% but is volatile.
Japan will release an additional 20 days of oil reserves from May, on top of 50 days already tapped, while shifting imports away from Hormuz routes. The move highlights energy security concerns as Middle East disruptions persist.
Gold steadies near $4760, up 2% weekly. Diplomatic hopes vs. inflation risks. Central banks buying.
Alibaba backs AI video startup ShengShu with $293M. Valuation undisclosed, but growth is tenfold. Cloud division leads.
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