- China’s twin leaders in artificial intelligence reported revenue that fell short of estimates, signaling the challenges in translating higher spending on AI into faster growth. Most Read from Bloomberg Alibaba Group Holding Ltd.‘s revenue grew a less-than-projected 3% th
By Promit Mukherjee and David Ljunggren OTTAWA, May 13 The Bank of Canada on Wednesday said there were no signs so far that artificial intelligence was leading to widespread job losses, adding the technology had the potential to transform tasks rather than eliminate them.
NEW YORK, May 13 The Federal Reserve Bank of New York on Wednesday defeated an appeal by a Puerto Rican lender whose access to the U.S. central banking system was cut off in a crackdown on lenders with links to Venezuela. In a 3-0 decision, the 2nd U.S Circuit Court
Tower Semiconductor (NASDAQ:TSEM) reported better-than-expected financial results for the first quarter and issued an upbeat outlook, sending its shares 12% higher on Wednesday morning. For the quarter ended March 31, 2026, Tower Semiconductor reported revenue of $413.6 mi
Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD trading softer near 1.1711, extending its recent downward drift as markets weigh US–Iran tensions and UK political risks alongside German reform uncertainty. Euro area GDP and industrial production met or
Nvidia (NVDA) and other chip stocks tied to the artificial intelligence megatrend received positive analyst reports on Wednesday that dismissed concerns of an AI bubble. Nvidia stock also got a lift from news that Chief Executive Jensen Huang joined a delegation of U.S
Susquehanna and Canaccord lift Plug Power targets to $3.75 and $4, citing cost cuts and $275M in asset monetization proceeds. Two brokerages raised Plug Power (PLUG) price targets this week, reflecting confidence in its Project Quantum Leap turnaround plan. Susquehanna set
The major stock indices are mixed with the Dow industrial average lower by -0.60%. The S&P index trading above and below unchanged (currently up 0.15%) and the NASDAQ index of 0.62% The Nasdaq is close to the record close at 26274.13 (currently at 26255 with a high
Coinbase said an average of 4.5 million ETH was staked to its validators in Q1 2026, representing 12.17% of total staked ETH, while reiterating its commitment to stay below 30% network penetration. Its validators recorded 99.98% uptime, with no slashing or double-signing e
Eagle Point Credit Company Inc. 6.75% PFD SR D (ECC.PR.D) declares $0.1406/share monthly dividend, in line with the previous. - Forward yield 8.88% - Payable Sept. 30; for shareholders of record Sept. 10; ex-div Sept. 10. - See ECC.PR.D Dividend Scorecard, Yield Chart, &...