Dow Jones Top Markets Headlines at 9 PM ET: Frenzied IPO Highlights Wall Street's AI Fervor | Fed's ...
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Cerebras, an AI chip maker, surged 68% on its IPO debut, reflecting Wall Street's enthusiasm for AI. Fed's Michael Barr criticized the focus on shrinking the balance sheet, warning it could jeopardize financial stability. Canada plans to double its power-grid capacity by 2050, while Alberta will announce a pipeline agreement. Protests in Cuba arise from fuel shortages, and the U.K. economy outpaced the U.S. amid geopolitical tensions. U.S. retail sales growth slowed, and Uganda's central bank held its lending rate steady.
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