Timely notes on market events, the Fed, oil, crypto, and more.
This week: U.S. payrolls fell 23,000 in July while May and June were revised down a combined 103,000, the ISM Services Prices Index climbed to 70.3%, and AMD’s data center revenue more than doubled to $6.7 billion.
Every Saturday I go back through the week’s economic news the same way I’d go back through a machine’s inspection
This week: June retail sales grow but barely clear the statistical noise floor, mortgage rates tick back up to 6.58%, and Tesla’s Q2 earnings show record deliveries colliding with shrinking margins.
This week: AI chip stocks swing on ASML’s guidance raise and a Nasdaq pullback, America’s largest power grid strains under AI’s electricity demand, and Quantinuum partners with Rolls-Royce on quantum computing for industrial design.
A famous chipmaker just listed on the Nasdaq and my first instinct was to buy the stock. Here is why I stuck with my boring monthly index buy instead.
I spent eight years commissioning ships — cargo and ballast systems, mostly — and one thing that never left me
Last week I checked my portfolio after seeing a headline that made me do a double take: U.S. job growth