Google will supply custom AI chips to a new cloud-compute joint venture backed by $5 billion from Blackstone. Alphabet announced a joint venture with Blackstone to build a cloud-compute company focused on AI workloads, backed by $5 billion in capital. Google will provide i
A single crude carrier breached Iran’s Strait of Hormuz closure, delivering Iraqi oil to Asia while most shipments remain trapped. A very large crude carrier exited the Gulf of Oman into the Arabian Sea carrying 2 million barrels of Iraqi crude destined for China. The vess
Hong Kong's market closure and a lack of economic data in Asia may reduce liquidity and increase volatility in early trading. Asia’s economic and event calendar is empty for May 25, 2026, with Hong Kong markets closed for a holiday. The absence of key trading activity is e
Honeywell reaffirms its full-year outlook and confirms plans to complete its separation on June 29 amid resilient Middle East demand. Honeywell International (NASDAQ:HON) will proceed with its planned separation on June 29, the first day of Q3, with all operational checks
Walmart shares fell 7.3% after a cautious Q2 outlook, but analysts see 15% upside amid high inflation and strong eCommerce growth. Walmart (WMT) shares plunged 7.3% on May 21, 2026, closing at $121.34 after a subdued second-quarter outlook overshadowed solid first-quarter
MP Materials and USA Rare Earth report strong Q1 earnings as US efforts to counter China’s rare earth supply chain control accelerate. MP Materials reported Q1 2026 revenue of $90.65M, a 49% year-over-year increase, driven by record NdPr production of 917 metric tons and $
Users can now generate checkout links for Bitcoin, XRP, and other cryptocurrencies via a new MoonPay app in OpenAI’s chatbot. MoonPay has integrated cryptocurrency purchases into ChatGPT, allowing users to buy assets like Bitcoin, XRP, Solana, and USDC without leaving the
China’s coal consumption rises as gas shortages and high prices drive demand for power generation and chemical feedstock. China’s coal consumption has surged as energy security priorities outweigh emission concerns amid gas supply disruptions. The shift follows rising cost
Survey shows 88% of crypto holders would consider bitcoin-backed loans, but only 14% currently use them. Bitcoin-backed lending could expand to a $1 trillion consumer market within ten years, according to new research. The study, conducted with Protocol Theory, surveyed 1,
Tesla’s $1.95 billion R&D investment in AI infrastructure underscores its role as Musk’s primary public proxy for xAI ambitions. Tesla reported Q1 revenue of $22.39 billion, with $1.95 billion allocated to AI infrastructure R&D. The spending highlights Tesla’s position as
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