Marvell issues better-than-expected revenue guidance, shares dip after big run-up

Investors are “underestimating the scale and scope” of the AI spending wave, said Dan Ives as he laid out five stocks to own.

In a market dominated by U.S. dollar-pegged stablecoins, there are growing signs that non-USD alternatives are beginning to gain ground. One recent example is the investment by Japan’s AZ-COM Maruwa Holdings—a logistics company whose customers include Amazon Japan—in a yen-backed stablecoin. The company will invest ¥1 billion (approximately $6.7 million) in JPYC, a stablecoin issued…

What’s the current situation with adult social care? A few years ago a parliamentary committee memorably summed up the adult social care system in England as “unfair, confusing, demeaning and frightening” – and that remains a good summary. A central problem is the “care lottery” involved in a complicated patchwork of funding rules, means-testing, local-authority…

Key insight: In a contentious hearing in the House Financial Services Committee, congressional Democrats evinced serious skepticism about the Federal Home Loan Bank System. That could bode ill for the Home Loan banks should control of the House flip in November. Supporting data: Federal Home Loan bank chief executives make six times what their counterparts…

OpenAI Chief Executive Officer (CEO) Sam Altman has reignited the global debate around artificial intelligence (AI) after saying the world has already entered the “AI singularity”- a concept that experts have debated for decades. Speaking on the Relentless podcast, Altman said, “We are now, like, in the singularity,” suggesting that AI is no longer just…

Americans got some relief at the gas pump in recent weeks, enough to slow down inflation. That might not last long as the U.S. and Iran continue to vie for control of the Strait of Hormuz.