Bond investors have been throwing a tantrum for weeks, but the stock market doesn’t seem to be all that fazed by it. The sell-off battering global bond markets picked up steam late in the week, with yields rising to their highest level in 24 years. The benchmark 10-year US Treasury yield spiked as high as
The word “Goldilocks” is meme-ing out in US markets right now. It’s a reference to how recent economic data has been neither too cold nor too hot. The labor market and consumer spending have been cooling lately, while inflation has remained relatively mild. For the purposes of keeping interest rates on hold, the recent figures
AMD says it has a major advantage in the AI chip race against Nvidia: being more open. AMD has long promoted this strategy through its open-source ROCm software, used to program AI chips. Since ROCm is available as open source, it’s free for anyone to use, download, or modify. On the company’s earnings call on
