Former Merrill Lynch CEO E. Stanley O'Neal takes over as chair of Hut 8, succeeding William Tai amid the company's shift to AI data centers. Hut 8, a Bitcoin miner transitioning to AI and high-performance computing data centers, has appointed E. Stanley O'Neal as its new b
Kevin Warsh opens first Fed meeting June 16 with rate hold expected Kevin Warsh was confirmed by the Senate in a 54-45 vote and sworn in as Federal Reserve Chair on 22 May 2026. The ceremony took place at the White House, with Supreme Court Justice Clarence Thomas administ
A US-Iran peace framework sparks a broad rally in equities and bonds while easing inflation fears tied to energy costs. Global share markets and bonds rallied sharply on Monday after a US-Iran peace deal sent oil prices tumbling 5%. The agreement is expected to reduce infl
Shares of SailPoint (SAIL) rose nearly 3% premarket on Monday after the cybersecurity company announced its intent to acquire Tel Aviv-based Entro, a pioneer in non-human identity and credentials security. The financial terms of the deal were not disclosed SailPoint
Shippers face surging tender rejections and rebids as enforcement purges drivers, signaling structural shifts in truckload pricing. Truckload contract rates negotiated in early 2026 bids are failing as tender rejections spike, forcing shippers to rebid freight volumes. Exe
USDCHF falls below 0.7950 on USD selling pressure The U.S. dollar is under pressure following a memorandum of understanding between the U.S. and Iran. The pair has extended to fresh session lows in North American trading, testing a former resistance zone between 0.792
Broadcom's stock decline presents a buying opportunity as demand for its custom AI chips grows, diverging from GPU-focused rivals. Broadcom (NASDAQ: AVGO) has retreated 20% from its all-time high, offering a potential entry point for investors as AI chip demand accelerates
Nvidia shares rebound from a key support range following a seven-swing corrective decline, aligning with Elliott Wave analysis expectations. $NVDA climbed higher after retreating to a support zone between 205.93 and 187.94, completing a seven-swing corrective pullback. Buy
Kalshi raises $1.20B as DeFi and prediction platforms attract major capital from Tier 1 investors in recent rounds. Prediction markets and decentralized finance projects secured over $2B in funding, led by Kalshi’s $1.20B raise. The surge highlights growing investor appeti
New deductions reduce federal revenue, cutting Medicare coverage to 89% of Part A costs at depletion while accelerating insolvency. The One Big Beautiful Bill Act has accelerated Medicare’s trust fund depletion by three months to mid-2033, when it will cover only 89% of Pa