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What’s Driving the Worldwide Bond Selloff?
The Wall Street Journal37d agobearish
What’s Driving the Worldwide Bond Selloff?

In developed economies around the world, long-term government bond yields have climbed to levels not seen in decades. Traditionally that’s been a warning sign that investors are worried about nations’ fiscal health. In the U.S., the 30-year Treasury yield traded as high as 5.337% earlier today, its highest intraday level since 2007, though it moderated later and closed the day slightly lower at 5.284%.

Tapestry Crushed Earnings but the Stock Plunged: Buy, Sell, or Hold Now?
24/7 Wall St.41d agobearish
Tapestry Crushed Earnings but the Stock Plunged: Buy, Sell, or Hold Now?

Coach handbags are flying off shelves, margins are expanding, and Tapestry just topped earnings estimates, yet the stock cratered 16% in a single session. Whether that brutal selloff signals a buying opportunity or a warning worth heeding depends on two conditions management has yet to prove.

Cerebras slumps as mixed quarterly results test AI growth narrative
Reuters42d agobearish
Cerebras slumps as mixed quarterly results test AI growth narrative

Cerebras Systems slumped over 18% premarket on Thursday after it missed key estimates despite soaring cloud revenue, raising ‌doubts about the ability of its AI chips to challenge Nvidia. Expectations ‌were high for AI-linked companies including Cerebras and networking equipment maker Cisco, given the strong ​run-up in shares driven by Big Tech's ballooning spending, set to cross more than $740 billion for this year. Here are some details: • Cerebras, in its second earnings report as a public company, offered a mixed picture as it ‌increasingly derived revenue from cloud ⁠computing rather than its AI chips.