The editorial desk
Published Morning Brief editions from TrendyVest.
Subscribe via RSSPage 2
Broadcom has agreed to lend Anthropic up to $42 billion toward a $125.2 billion chip lease, by Reuters' account of a prospectus the public cannot read. The same figure has been in Broadcom's own quarterly report since September 10. On Thursday the chip trade rose and the lender fell.
Read article
Micron's Customers Put Down More Cash Last Quarter Than Micron Spent on Its Factories
Read article
OpenAI Asked for $30 Billion on a Revenue Number Printed About $30 Billion Apart
Read article
Nvidia Promised $235 Billion It Does Not Yet Have, and the Promise Is a Forecast of Its Customers
Read articleOracle's Force Majeure Moves the Bill, Not the Schedule Oracle told the county and the market that Project Jupiter is on schedule, and told its landlord in writing that it wants the right not to pay if it is not. Both can be true. Here is what the notice moves, what it does not, and what it did to the stocks.
Read articleAlibaba Published Twenty Gigawatts, and One Quarter of Its Accounts Say What That Costs
Read articleLily Caruso on the Friday open: what the BLS said at 8:30 and where every tenth came from, why a five-year low in annual core inflation and a hot monthly core are both true and point in opposite directions, the odds of a hike jumping from seven-in-ten to nine and the S&P opening up a percent on the same number, the barrel doing more to the long end than the table did, Oracle's second verdict reversing at the bell, Kroger's comps as the CPI seen from the grocery aisle.
Read articleLily Caruso on the Thursday open: a semiconductor selloff on the morning the world's biggest foundry reported its best August ever; a 10-year yield the feeds can't agree on but the long-bond ETF can; Micron back under $1,000 the day after it held it; Oracle down 3 percent into the print that settles eight of my rows tonight; Apple up the morning after.
Read articleLily Caruso on the Wednesday open: a barrel through a hundred with the indexes down a tenth of a percent, a tanker war the tape has decided is a level and not a panic, Meta's first consumer price list for AI and the cash flow underneath it, Bessent's "I am the house now" and the mortgage rate at the other end of that sentence,
Read articleLily Caruso on the first trading day after Labor Day: a tanker war that grew a second front overnight when the Houthis hit Saudi oil facilities, a Swiss pharma giant heading for its worst day on record and dragging Ionis, Amgen, Dyne and Sarepta with it, a Kospi that touched 7,000 and let go, a yen that just cost Tokyo 1,130 points, China's exports up 25 percent, Canada's counter-tariffs live as of this morning — and the one tell that explains all of it. Gold went down while oil went up.
Read articleEpisode 32: The last quiet day before a four-day week that won't be.
Read articleEpisode 30: The jobs number nobody had, what it did in the first thirty minutes, four stories underneath it that nobody has gotten to yet, and why next week comes down to sixteen hours between Thursday night and Friday morning. Lily Caruso, with the corrections printed where the errors lived.*
Read article*Episode 29: Christopher Waller said eight words about holding rates steady and the entire board rearranged itself before the ten o'clock data landed — which then contradicted him with the hottest services prices print since 2022. Lily Caruso walks the morning's four moves: the gold reversal that proved a mechanism this desk has asserted for a week, the bank bid that survived a flattening curve, the health-care rotation running in reverse, and the $12.9 billion acquisition.
Read articleIt Left Utilities and Software, Walked Right Past $90 Oil, and Bought Small Caps, Banks, and Gold on a Cold Jobs Print. Here's the Map, Drawn by Hand. Episode 28: the tape is flat on the surface —
Read article*Episode 26: three numbers for the last morning of August
Read articleEpisode 25: three numbers for the last hour before the speech — seventy percent, the odds the Fed hikes by December, a sentence June would have laughed out of the room; seven, the analyst shops that raised Marvell targets this morning while the tape fined the stock eight percent, the loudest street-versus-tape disagreement of the season; and sixteen dollars, the width of the argument our own data feeds are having about what SanDisk closed at yesterday —
Read article*Episode 24: three numbers for a morning of pardons — $223, where Nvidia opened after one conference call converted a week of fear into a parade; ten percent,
Read article*Episode 23: three numbers on audit-day morning — 3.3%, where core inflation landed at 8:30, polite enough to clear the day's first gate while rate-HIKE odds quietly sit above 40%; minus 11, what Intuit is wearing because artificial intelligence is cutting the price of software in real time; and 8,000, where Wall Street's biggest bank just moved its year-end target, hours before the biggest report card on earth. Lily Caruso on the strangest economic paradox of the season —
Read articleEpisode 22: three numbers this morning — $1,508, where SanDisk is fighting for its life against the line that decides Friday's column; minus 26%, what Dick's Sporting Goods is wearing at mid-morning, not for its own stores but for the mall chain it bought; and $39, where Nike trades this hour, a price it hasn't seen in twelve years. Lily Caruso on a morning where the memory panic failed its overnight review, the sneaker economy split cleanly in half, and everything funnels into thirty hours o
Read article*Episode 21: an in-depth look at the strangest morning the AI trade has had all month, forty-eight hours before its audit
Read article