Alibaba’s latest AI chip has given investors another reason to look past near-term profit pressure.The Chinese technology giant unveiled the Zhenwu M890 on May 19, a processor it says delivers three times the performance of its predecessor, with 144GB of GPU memory and faster chip-to-chip communication for heavy AI workloads.Alibaba’s…
China confirmed it will buy 200 Boeing jets following the Trump-Xi meeting in Beijing, marking the US planemaker’s biggest breakthrough in the Chinese market in nearly a decade.Beijing’s Commerce Ministry confirmed on May 20 that China plans to buy 200 Boeing aircraft, including GE Aerospace-powered jets and related parts.For Boeing,…
HSBC Chief Executive Georges Elhedery said on Wednesday that artificial intelligence would both eliminate and create jobs across the financial industry, as the bank moves to retrain employees to adapt to the technology-driven shift.Speaking at an investor day event, Elhedery said staff must embrace AI-led transformation rather than resist it,…
The effort to launch Truth Social-branded cryptocurrency exchange-traded funds has come to an abrupt stop after Yorkville America Digital, LLC, which was the sponsor of the ETFs application, wrote to the US Securities and Exchange Commission (SEC) requesting the withdrawal of the application.Yorkville America Digital indicated that the decision was…
European shares edged lower on Wednesday as investors remained cautious over inflation risks linked to the ongoing war, while markets closely monitored negotiations between the United States and Iran.The pan-European STOXX Europe 600 slipped 0.2% to 610.37 points as of 0701 GMT. Regional markets also traded lower, with Germany’s DAX…
Nvidia (NASDAQ: NVDA) reports earnings after the market close on Wednesday, and Wall Street is bracing for a familiar outcome: another beat.The chipmaker has made exceeding expectations look almost routine. Yet that has not always translated into an immediate reward for shareholders.Several times, Nvidia has posted strong numbers only to…
Tesco share price retreated by over 2% on Wednesday, before paring back some of the losses as the UK government pushed retailers to cap price increases amid the ongoing Iran war. It slipped to 443p, its lowest level since February 4, and 10.85% below its highest point this year.UK government…
US stock-index futures edged higher on Wednesday as chipmakers steadied before Nvidia’s results, a release set to test whether Wall Street’s AI trade still has room to run.The move came after a bond-driven selloff pressured equities, with the 10-year Treasury yield easing from a 16-month high hit in the previous…
Corporate America is turning to the convertible bond market at a record pace as artificial intelligence-related companies fuel strong demand for debt instruments that can later convert into equity.US convertible bond issuance reached around $34 billion during the first four months of 2026, according to data from Bank of America…
Incoming Federal Reserve Chair Kevin Warsh has sparked concern among global central bankers after suggesting the US Federal Reserve’s independence may not fully extend to its international crisis-response operationsThese remarks have raised fears that political influence over dollar liquidity support could unsettle financial markets during periods of stress.Over the years,…