Cisco Systems raises full-year outlook after beating revenue and earnings forecasts driven by strong AI-related sales. Cisco Systems reported quarterly revenue and earnings per share above estimates, prompting the company to raise its full-year guidance. The upgrade reflec
Shell shares rise 3.7% after HSBC raises its rating, citing improved cash flow and growth visibility from a $16.4B deal. Shell (SHEL) climbed 3.7% in Monday trading after HSBC upgraded the stock to Buy from Hold. The upgrade reflects higher cash flow estimates and better m
Taiwan's 2026 growth forecast rises to 9.5% Taiwan's growth outlook has been boosted by the AI cycle, with the 2026 growth forecast raised to 9.5% from 7.6%. The AI supercycle and robust exports are key drivers of this growth. Private consumption has also benefit
Linked accounts won $2.4 million betting on US military actions in Iran A cluster of nine interlinked Polymarket accounts has netted $2.4 million by accurately betting on US military actions tied to the Iran conflict. The accounts, all created days prior to America
US equities retreat to intraday lows, with NASDAQ down 1.14% as technical resistance stalls rebound attempts. US stocks slipped toward session lows as selling pressure intensified, with the S&P 500 falling 0.60% to 7364 after hitting a low of 7360.38. The NASDAQ underperfo
The automaker shifts focus to hybrids after weaker electric vehicle demand and policy changes pressure profitability. Subaru has postponed the launch of four in-house developed electric vehicles until 2028, citing cooling demand and financial constraints. The decision refl
Micron gains on AI-driven demand outlook, while Intel’s valuation prompts a downgrade following a sharp stock surge. Analysts upgraded Micron Technology (MU) to Buy, citing strong long-term revenue visibility from surging AI infrastructure demand and capital expenditure. T
Japan’s finance minister highlights oil price swings and speculative activity as key risks to currency stability during G7 talks. Japan’s Finance Minister Satsuki Katayama stated that volatility in oil prices is impacting foreign exchange markets, citing speculative moves
A California jury dismissed Elon Musk’s lawsuit alleging OpenAI abandoned its nonprofit mission, ruling claims were filed too late. A jury unanimously dismissed Elon Musk’s lawsuit against OpenAI and CEO Sam Altman, ruling the claims were barred by the statute of limitatio
Beijing plans infrastructure and consumer support after retail sales and investment slumped in April, while exports and housing showed resilience. China’s April economic data revealed weakness in retail sales and investment, though exports and housing prices provided parti
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