Applied Materials posted record second-quarter revenue of $7.91 billion, up 11% from a year earlier, and raised its outlook for semiconductor equipment growth on the back of rising demand for AI infrastructure. The company said it now expects its semiconductor equipment bu
Prediction. The S&P 500 Is So Far Above Its Moving Averages That a 10% Correction This Summer Is Not Out of the Question Quick Read - The S&P 500 has stretched 10-15% above its key moving averages, with the Nasdaq-100 surging 17.35% in one month and momentum indicators lik
Federal Reserve Governor Stephen Miran submitted his resignation on Thursday, saying he will vacate his board seat when or shortly before incoming chair Kevin Warsh is sworn in. With no vacancies elsewhere on the seven-member board, Reuters noted that Warsh had nowhere to
Global semiconductor stocks skidded after a summit between President Trump and Chinese leader Xi Jinping concluded without major chip deals or a breakthrough on Nvidia’s sales to the country. Washington authorized Nvidia to export its H200 chips to China, though Beijing ha
Kraken Parent Payward Cuts 150 Jobs Ahead of Planned IPO According to CoinDesk, Payward, the parent company of crypto exchange Kraken, is laying off approximately 150 employees as part of an optimization and restructuring effort ahead of its planned IPO. The company employ
Prediction. Kevin Warsh’s Fed View Could Unlock These 4 AI Stocks Under $10 That the Market Has Left for Dead Quick Read - If the Fed adopts Kevin Warsh’s thesis that AI-driven productivity gains allow faster growth without inflation and holds rates steady, these small-cap
The Nasdaq-listed firm commits $3 million each to Nof1 and Recursive Superintelligence to expand AI-driven trading capabilities. SUI Group (NASDAQ: $SUIG) has allocated $6 million to two AI-focused firms as part of its treasury strategy to enhance automated trading infrast
When you put your money in a traditional savings account, the bank pays you interest. In the world of cryptocurrency, there’s a similar way to earn returns — it’s called yield farming What is yield farming in crypto? Yield farming in crypto is a way to earn rewards
Amid a new company restructuring, BP is weighing a potential sale of some of its natural gas assets in Egypt, Reuters reported on Friday, citing multiple sources familiar with the plans. The UK oil and gas supermajor has not taken any final decision on a potential sale, wh
Blackstone and CD&R are reportedly interested in acquiring The Magnum Ice Cream Company, which was recently spun-off by Unilever but is still part-owned by the FMCG giant. TMICC was only listed in London, Amsterdam and New York late last year following the separation from
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