Cerebras Systems, the AI chip startup that built the world's largest single silicon die processor, went public on May 14 in one of the most closely watched technology IPOs of the year, raising $5.55 billion at a market capitalization of $95 billion and gaining 68% on its first day of trading under the ticker CBRS on Nasdaq. The debut added momentum to a wave of AI-related public listings that has now culminated in SpaceX's record-breaking IPO and is setting the stage for Anth

The US House of Representatives approved $70 billion in new funding for President Trump's immigration enforcement agenda this week as part of the broader "Big Beautiful Bill" budget reconciliation package. The package, which passed along party lines, allocates resources for expanded detention facilities, additional border security personnel, deportation operations, and upgrades to processing and surveillance infrastructure at the southern border. Democrats voted unanimously a

Shares of Advanced Micro Devices jumped this week after Citigroup upgraded the stock to a "buy" rating, arguing that the market has not yet fully priced in the company's upside from the ongoing boom in AI chip demand. Citi analysts pointed to accelerating orders for AMD's data-center GPUs and growing interest from cloud providers looking to diversify their AI hardware supply chains beyond Nvidia, suggesting AMD's earnings trajectory over the next several quarters could surpri

Cryptocurrency markets rebounded sharply on Friday after President Trump suggested the war between the United States and Iran had effectively come to an end. Bitcoin opened the day at $63,553, up 3.4% from Thursday's level, while Ethereum opened at $1,671.71, a gain of roughly 3.2%. The moves extended into the trading session, with bitcoin climbing further to around $63,718 and ether holding near $1,671 by mid-morning, as traders rotated back into risk assets across the board

Interest rate futures markets are pointing toward a steady policy decision when the Federal Reserve concludes its next meeting on June 17, with pricing implying a 0 basis-point move is by far the most likely outcome. The effective federal funds rate currently sits at 3.62%, within the central bank's target range of 3.5% to 3.75%, a range that has been in place since the Fed's most recent adjustment. As of Friday's market close, futures curves showed investors expect the polic