May CPI at 1.2% and core inflation at 1.1% signal subdued consumer demand amid rising producer prices. China’s May Consumer Price Index rose 1.2% year-on-year, while core inflation held at 1.1%, reflecting persistent weak consumer demand. Producer Price Index reached a fou
Beijing tightens capital flow rules to curb yuan strength despite a record $105.4bn trade surplus in May. China’s yuan remains stable as authorities combine targeted monetary easing with stricter capital controls to limit currency appreciation. The measures aim to offset u
A top Bank of America investment chief signals the AI-driven market rally may soon reverse, drawing parallels to past bubbles. Bank of America’s chief investment strategist Michael Hartnett has cautioned clients that the AI stock bubble is poised to burst. His latest resea
Adobe Inc (NASDAQ:ADBE) shares fell 6.7% on Friday after the software company cut its organic annual recurring revenue growth guidance, announced a surprise CFO departure, and signaled a shift toward freemium AI products that analysts say leaves key monetization questions...
Cybersecurity threat raises concerns over surveillance vulnerabilities and event security for the upcoming global tournament. An Iran-linked hacking group, Handala, claimed it breached FBI surveillance drones, accessing months of footage including facial recognition and li
Baker Hughes data shows active oil rigs increased by 2 to 433, while gas rigs declined by 3 to 121. The number of active oil rigs in the US climbed by 2 to 433 in the latest reporting period, marking the second consecutive weekly increase. Total rigs, including oil, gas, a
The Dow Jones Industrial Average gained on optimism over unverified peace talks between Pakistan and Iran, despite mixed signals from officials. The Dow Jones Industrial Average advanced 0.6% to close near 51,200 on Friday, outpacing other US indices as traders reacted to
SpaceX's record $75 billion IPO surpasses Tesla's valuation, positioning Elon Musk to potentially become the world's first trillionaire. SpaceX completed its initial public offering, raising $75 billion by selling 555 million shares at $135 each, achieving a $1.8 trillion
Oracle’s $638 billion contracted backlog and 93% cloud revenue growth contrast with Micron’s peak-cycle margins and pricing risks. Oracle (ORCL) fell 22.1% after reporting a record Q4, even as FY27 guidance rose to $90 billion. The decline presents a contrarian entry point
Robinhood reports unprecedented platform traffic as SpaceX shares surge 11% in debut, pushing valuation past $2 trillion. Robinhood experienced record-breaking traffic Friday following SpaceX’s Nasdaq debut, with some users facing temporary latency issues. The platform sta
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