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Dell near deal to sell $5 billion in AI servers to Musk xAI

Dell near deal to sell $5 billion in AI servers to Musk xAI

Bloomberg is reporting that:Dell is near deal to sell $5B of AI servers to Musks xAI. The servers are to include Nvidia Blackwell chipsShares of Dell spike higher to $116.88 up over 5% on the day. The 38.2% retracement of the move down from the December high comes in...

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USDCHF enters critical zone as selling pressure mounts

USDCHF enters critical zone as selling pressure mounts

USDCHF technicalsThe USDCHF is experiencing a sharp decline for the second consecutive day. Despite Swiss CPI inflation coming in lower than expected at -0.1% MoM and 0.4% YoY, while US CPI and PPI showed stronger inflation, the pair has moved lower instead of...

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USDCAD broke lower this week. This time to the downside.

USDCAD broke lower this week. This time to the downside.

USDCAD technicalsThe USDCAD broke lower this week after two failed upside breakouts in the previous weeks, which briefly pushed the pair beyond the "Red Box" range between 1.4260 and 1.4466 on tariff-related news. Unlike those sharp but unsustained rallies, this...

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mixed tech performance as Tesla surges and Oracle struggles

mixed tech performance as Tesla surges and Oracle struggles

Stock heatmap by FinViz.com Fri, 14 Feb 2025 14:46:13 GMTSector OverviewThe US stock market is showcasing a vivid array of performances today, as illustrated by the latest heatmap. The technology sector finds itself grappling with mixed results. While Nvidia (NVDA)...

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The USD is moving lower after the US retail sales miss.

The USD is moving lower after the US retail sales miss.

Retail sales missed expectations across the board, signaling a weak start to the year. Headline retail sales fell -0.9% (vs. -0.1% expected), while the control group declined -0.8% (vs. +0.3% expected). Although there were minor upward revisions to the prior month,...

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Canadian consumer spending struggled in January – RBC

Canadian consumer spending struggled in January – RBC

I'm finding the Canadian consumer spending tracker from RBC to be a valuable look at the health of Canadian shoppers. We won't get the retail sales report until next Friday but today I noted some poor same-store sales numbers from Canadian Tire.Now, the latest report...

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