The Dow fell more than 4% in September while Micron posted an 11-fold data center revenue increase and beat expectations. Kashkari stated inflation is still too high at around a 3% rate.
The company also issued better-than-expected guidance for the current quarter, though shares edged lower in premarket trading after a prior 500%+ rally over 12 months.
Kashkari noted the labor market is pretty good but not great and said the latest PCE data did not change his view that inflation is running around a 3% rate.
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Citi and Coinbase launched a stablecoin integration that hides all crypto elements from business users. Bitcoin ETFs recorded modest inflows while Strategy added 1,665 BTC to reach record holdings.
TSMC posted a 77.4% year-on-year profit increase to NT$706.56 billion and raised its capital spending outlook while announcing another $100 billion for Arizona fabs. The results underscore sustained AI demand that now dominates 66% of its platform revenue.
Sony's FY2025 Q4 earnings show 85% of PlayStation full game sales were digital downloads, with a full-year average of 78%. The data reflects a 2% increase over 2024 and continuing momentum in the shift from physical media.
Apple provided guidance for 14% to 17% revenue growth in the June quarter of fiscal 2026 amid memory shortages. The outlook includes margin and expense projections, assuming stable tariffs and macro conditions.
MetaMask has begun removing Ethereum validators from Lido after a security incident struck part of its infrastructure. The action is precautionary, with no immediate wallet threat identified and ETH returns possibly taking up to 45 days.
