Anthropic Launches $100 Billion IPO Worth $1.4 Trillion... Or $1.0 Trillion, Depending On Who's Counting

Russian Drone Hits Chinese Ship In Black Sea, Less Than 24-Hours Before Xi-Putin Summit Just 24 hours before Presidents Vladimir Putin and Xi Jinping are set to meet for their planned summit in Beijing, soon on the heels of Trump's visit, and a geopolitical wrench may have just been thrown into the works. According to Ukrainian President Volodymyr Zelensky, Russian forces have attacked a Chinese ship heading toward a Ukrainian port - a provocative move that threatens to seriously anger Beijing at the worst possible diplomatic moment. via Ukraine Navy Early Monday morning,...

US Gasoline Prices Could Top $4 Per Gallon Within Days After several weeks of reprieve for drivers, the US national average price of gasoline could top $4 per gallon within a week, as crude oil prices rallied by about 12% in the three days since Friday amid the all-but-collapsed U.S.-Iran ceasefire. The renewed hostilities in the Middle East have fueled a new crude oil price rally this week, while tight fuel markets globally are also pushing US prices at the pump higher, OilPrice notes. “I've seen enough and believe the national average...

Carvana Crashes After Earnings Outlook Disappoints Wall Street Carvana shares plunged in premarket trading after the online used-car retailer issued full-year earnings guidance that may fall short of Wall Street expectations, as vehicle sales growth slowed and profit per car declined. The outlook raises questions about whether Carvana's rapid expansion can justify its high stock valuation. Carvana reported a record second-quarter adjusted EBITDA of $769 million, narrowly beating the $766.2 million consensus estimate among analysts tracked by Bloomberg, as vehicle sales rose 38% to more than 197,300. Still, sales growth slowed...