16h ago
Bessent expands long-dated Treasury buybacks by at least $2 billion per operation through Nov. 4, sparking a metals rally
U.S. Treasury Secretary Scott Bessent is advancing a long-term bond buyback plan, saying each operation will repurchase at least an additional $2 billion of long-dated Treasuries through Nov. 4. Markets read the move as a signal aimed at containing funding costs and stabilizing the bond market. After the announcement, gold extended gains, rising 2.4% on Friday and 5.9% in total. Silver and platinum also jumped, up 8.6% and 9.3%, respectively.
16h ago
18h ago
Stanmore Resources lifts 1H FY26 coal sales revenue 13% to US$978 million, saleable output steady at 6.5 million tonnes
Stanmore Resources reported 1H FY26 coal sales revenue up 13% year on year to US$978 million, with saleable production steady at 6.5 million tonnes. Underlying EBITDA rose to US$174 million, up US$27 million from the prior year, while net loss after tax narrowed to US$44 million from US$51 million. Cash flow from operations turned positive at US$176 million and the company kept its full-year production guidance unchanged, with no interim dividend declared.
18h ago
19h ago
Wall Street funnels nearly $90 million into altcoins as XRP, SOL and HYPE surge
Wall Street institutions have recently injected nearly $90 million into the altcoin market, with most of the inflows going into tokens such as XRP, SOL and HYPE. The heavy buying helped drive a sharp price jump in those tokens. The moves point to a short-term allocation interest from traditional finance institutions in select altcoins. The flow has drawn market attention, but the specific buying channels and strategy details were not disclosed.
XRP
XRP-1.04%
19h ago
21h ago
Cerebras unveils CS4 AI accelerator claiming support for 50-trillion-parameter models as Q2 revenue hits $180.1 million
Cerebras Systems has launched its next-generation CS-4 AI accelerator, saying it can support models exceeding 50 trillion parameters and cut wafer-to-wafer latency to as little as two microseconds. The company reported second-quarter revenue of $180.1 million and a market capitalization of about $49.1 billion. CBRS began trading on May 14, 2026 after pricing its IPO at $185, and the stock closed its first session at $311.07, up 68.2% from the offering price.
21h ago