Breaking News: Markets
- Red hot Texas is getting so many data center requests that experts see a bubble - Cheap land and and cheap energy are helping to fuel a boom in proposals to build data centers in Texas.
- Fed's Goolsbee explains vote against rate cut, says central bank should have waited - Chicago Federal Reserve President Austan Goolsbee spoke Friday morning on CNBC.
- Cannabis stocks surge on reports Trump will reclassify marijuana; Tilray jumps 28% - President Donald Trump will significantly ease federal restrictions on marijuana, according to the Washington Post.
- AI-led tech slide extends into third day as Oracle, Nvidia, fall in premarket trading - AI-related names have made losses since Oracle's mixed results on Wednesday.
- Asia-Pacific markets trade higher after Wall Street notches fresh record - Asia-Pacific markets traded higher on Friday, tracking Wall Street gains.
- Thailand dissolves parliament, heightening political turmoil as Trump seeks to salvage ceasefire with Cambodia - The escalation broke the ceasefire brokered in July by Trump who threatened to halt trade talks with the two countries unless they ended the fight.
- Costco's quarterly beat isn't enough to knock out the bears — here's what could - The quarter looked pretty down the fairway, with beats across key line items — the membership renewal rate.
- Oracle shares plummet 11% in premarket, dragging down AI stocks - Shares in Nvidia, Micron and Microsoft were also lower in premarket trade on Thursday.
- Nvidia supplier SK Hynix eyes U.S. listing as it expands on the AI boom - South Korea's SK Hynix is considering a U.S. listing as it grows in market cap and production capacity.
- Asia-Pacific markets mostly rise after third Fed cut of the year - Australia started the day higher, while Japan and Hong Kong futures also show a strong open.