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Snowflake's revenue exceeded expectations, increasing by 35% last quarter, with AI revenue surging. The company raised its full-year guidance, and its stock price rose in after-hours trading. | Earnings Insights

Snowflake's revenue exceeded expectations, increasing by 35% last quarter, with AI revenue surging. The company raised its full-year guidance, and its stock price rose in after-hours trading. | Earnings Insights

Snowflake, a leading AI data cloud provider, delivered earnings that significantly exceeded market expectations. After the US stock market closed on Wednesday, September 2nd, Eastern Time, Snowflake announced that for the second fiscal quarter of 2027 ("Q2"), ending July 31, 2026, revenue increased by 35% year-over-year to $1.

South Korea's trillion-dollar sovereign AI investment: Nvidia wins, SK Hynix under pressure

South Korea's trillion-dollar sovereign AI investment: Nvidia wins, SK Hynix under pressure

South Korea is elevating artificial intelligence to a national strategy, betting on it on a scale that is drawing market attention. But in this nationwide race, who will truly benefit is a question far more complex than it appears. In July of this year, the South Korean government announced plans

The U.S. Treasury is becoming a "shadow central bank," eroding the independence of the Federal Reserve's monetary policy.

The U.S. Treasury is becoming a "shadow central bank," eroding the independence of the Federal Reserve's monetary policy.

The U.S. Treasury continues to expand the scale of Treasury bond financing, making its function increasingly resemble that of a de facto monetary issuing institution, and gradually intervenes in the Federal Reserve's domain through quasi-monetary policy operations. On September 2, Bloomberg macro strategist Simon White pointed out

Meta releases a more powerful AI model, claiming it has further narrowed the gap with its competitors.

Meta releases a more powerful AI model, claiming it has further narrowed the gap with its competitors.

Meta released its most powerful AI model to date, Muse Spark 1.3, on Wednesday. Chief AI Officer Alexandr Wang said its performance has caught up with or even surpassed that of major competitors, marking a significant step forward for the social media giant in the AI arms race. In

As geopolitical risks escalate, the Dutch central bank has transferred approximately $12 billion of its gold reserves from the United States and Canada to London.

As geopolitical risks escalate, the Dutch central bank has transferred approximately $12 billion of its gold reserves from the United States and Canada to London.

The Dutch central bank is shifting its gold reserves from North America to London, a move that reflects the European Central Bank's systematic reassessment of its gold reserve management strategy amid geopolitical turmoil. Dutch central bank governor Olaf Sleijpen said on Wednesday that between March and August this

Beware of the "September curse"! JPMorgan Chase warns that if US Treasury yields break 5%, US stocks may experience a healthy correction of 5%-8%.

Beware of the "September curse"! JPMorgan Chase warns that if US Treasury yields break 5%, US stocks may experience a healthy correction of 5%-8%.

With US Treasury yields approaching the critical 5% mark, short-term risks for global stock markets are rapidly escalating. Grace Peters, global head of investment strategy at JPMorgan Private Bank, warned that if the 10-year Treasury yield approaches 5%, it could trigger a "knee-jerk reaction" in the stock market,

Were Wall Street fooled? Media exposes the truth behind Bessent's "intervention in the yen": the actual scale may have been only a mere $500 million!

Were Wall Street fooled? Media exposes the truth behind Bessent's "intervention in the yen": the actual scale may have been only a mere $500 million!

The US Treasury's intervention in the yen exchange rate in July this year may be far smaller than the market previously expected, with the actual scale possibly only around $500 million, a far cry from the previous market estimate of $5 billion to $10 billion. According to an