The Japanese yen is surging, reviving an uncomfortable memory for investors: the carry-trade turmoil of the summer of 2024. Early on Wednesday, a dollar bought about 153 yen, about 4% fewer than at the start of the month and 2% fewer than at the start of the year as the Japanese currency strengthened. The currency
Amazon and Nvidia just got a lot closer. The two companies announced Wednesday an expanded partnership that includes a deal to add another 2 million Nvidia GPU chips to Amazon’s data centers. These GPUs, which are designed to handle the heavy compute demands of training and running AI models, include Nvidia Blackwell Ultra, Rubin, and
Health officials in Louisiana are urging beachgoers to take precautions during a summertime surge in infections from a flesh-eating bacteria found in coastal waters. Louisiana has confirmed nine cases of Vibrio vulnificus infections this year, the state’s health department said last week in a news release. All were hospitalized, and five died. During the same period over the
A fresh risk-on rally pushed stocks to records on Tuesday. US stocks have clawed their way back to records after a volatile rotation in the AI trade sent investors on a roller coaster ride in July. The Dow Jones Industrial Average and S&P 500 broke through to new highs as traders were encouraged by Treasury