Cerebras Systems Soars in Nasdaq Debut, Valued Over $100 Billion

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Cerebras Systems, a Silicon Valley chipmaker, debuted on Nasdaq with a stock price opening at $350, valuing the company over $100 billion after raising $5.55 billion in its IPO, the largest for a U.S. tech company since Uber in 2019.

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The first full week of July offers a light schedule of earnings and economic reports, with Levi Strauss, PepsiCo, and Delta Air Lines among the few major companies reporting. Key economic data includes services sector PMIs and existing home sales, while the AI trade faces scrutiny after recent sell-offs.

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Developing·13h ago

Britain's Traditional Tile-Making Past and Future

Traditional British tile-making firms like William Blyth face economic pressures, including rising energy and labor costs, and competition from imports. While some modernize, others like William Blyth rely on heritage and handmade products. The industry's production has fallen, but innovation and diversification are seen as key to long-term survival.

BBC Business

Developing·13h ago

Trump Accounts Explained: How These New Tax-Advantaged Investment Accounts for Children Work

Trump Accounts, or 530A accounts, launched July 4 for children's long-term retirement savings. Eligible U.S. citizen children under 18 can receive up to $1,000 from the Treasury and $250 from Michael Dell's foundation, with potential for employer and philanthropic matches.

CNBC

Cerebras Systems Soars in Nasdaq Debut, Valued Over $100 Billion

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