Silver ETFs experienced a significant sell-off, plunging 15-20% on Thursday, far exceeding the modest decline in spot silver prices. This sharp divergence was attributed to the unwinding of speculative positions and potential forced selling due to margin calls, surprising investors after a recent record rally.
Amazon beats quarterly cloud growth estimates on strong AI demand; AWS revenue jumps 28%
Amazon Web Services (AWS) surpassed Wall Street’s cloud revenue expectations, driven by increased enterprise spending on AI adoption. Despite strong cloud performance and significant AI