News

Meta commits to one gigawatt of custom chips with Broadcom as Hock Tan agrees to leave board

AI datacenter startup Fluidstack in talks for $1B round at $18B valuation months after hitting $7.5B, says report

Fundraising is reportedly flowing for Fluidstack after it secured a $50 billion deal to build data centers for Anthropic.

Volkswagen faces Q1 charge after halting EV production in Tennessee, analysts say

As S&P 500 approaches record highs, this is what could derail the stock-market rebound

The S&P 500 was back near its all-time high on Tuesday as investors in U.S. stocks appeared content to look past the fact that the Strait of Hormuz was still mostly closed.

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Monroe Capital completes asset sale and merger with Horizon Technology Finance

Meta, Broadcom announce multi-year AI chip partnership

Liquidia Corp CCO Moomaw sells $404k in shares

Liquidia corp (LQDA) CBO Adair sells $280k in shares

Nvidia stock is on a 10-day winning streak and up 18% over that stretch

Nvidia denied rumors that it's in talks to buy a large PC company, telling CNBC in a statement that it's "not engaged in discussions."

Jamie Dimon says Anthropic's Mythos reveals 'a lot more vulnerabilities' for cyberattacks

The remarks show how a technology welcomed by corporations as a productivity boon can also pose serious threats, like uncovering new ways to hack into systems.

Why bitcoin’s next stop could be $98,000 after surmounting this key hurdle, technical analyst says

Bitcoin on Tuesday tested a key level that has blocked gains for months, as technical analysts watched for signs that the cryptocurrency may finally be ready to break out.

Amazon’s stock is on its best run since 2022 as Globalstar acquisition fuels rally

Amazon.com’s latest acquisition of a satellite operator has helped power a winning streak for the tech giant, as shares of the company rallied for the seventh consecutive day on Tuesday.

The International Energy Agency is really worried about the global oil market

Since the start of the Iran conflict, investors around the world have been worried that tight global oil supplies and high prices could eventually lead to a drop in demand. According to the International Energy Agency, these risks are finally starting to materialize.

Stocks post back-to-back gains as traders remain optimistic for U.S.-Iran deal: Live updates

Wall Street once again proved resilient in the face of increased geopolitical uncertainty.

Novo Nordisk’s stock rallied after drugmaker reveals deal with OpenAI

Novo Nordisk is working with OpenAI on a broad deal that will use artificial intelligence to more quickly develop new medications as well as help train its workforce.

Bitcoin's $76,000 breakout fails but a rare signal is hinting at major market bottom

Derivatives funding rates have now remained negative for 46 days, a streak last seen following the FTX crash which marked the bottom of 2022's crypto winter.

Albertsons cites slower GLP-1 growth, higher gas prices for a sales miss and downbeat outlook

Albertsons’s stock was falling Tuesday after a sales miss and an announcement that the grocery-store chain has reached a $774 million settlement to resolve opioid-related claims.

My friend’s girlfriend went ‘ballistic’ after learning he gives his kids $19,000 a year. Is this a red flag?

“He spent $1,000 on his girlfriend at Christmas and several hundred dollars on each of her children.”

I gave my friend’s daughter cash for her wedding. I did not receive a thank-you card. Do I say something?

“They cashed the check 10 days after the wedding.”

The next Fed chair has crypto exposure in his portfolio. Here are the details

Kevin Warsh's financial disclosure reveals stakes in DeFi protocols, Ethereum scaling networks, a Bitcoin Lightning startup, and prediction markets — all of which he's promised to sell.

Rakuten to allow XRP to be used as payment method by its 44 million customers

Rakuten Pay users will also be able to spot trade XRP via the Rakuten Pay app and exchange the Japanese e-commerce giant’s points to purchase Ripple’s token

War and Uncertainty

Someone planted backdoors in dozens of WordPress plug-ins used in thousands of websites

Dozens of WordPress plug-ins were allegedly hijacked to push malware after they were sold to a new corporate owner.

Popular DeFi platform warns users to stay away from its site after security breach

The team that helps operate the platform, CoW Swap, said that it was working to resolve the issue for the DEX aggregator.

Kevin Warsh is very rich, or possibly very, very rich

In the Fed with the bread

Lebanon and Israel hold first direct talks in decades as fighting continues

Envoys from two countries meet in Washington to discuss conflict and its links to the Iran war

Anthropic co-founder confirms the company briefed the Trump administration on Mythos

In an interview at the Semafor World Economy summit this week, Anthropic co-founder Jack Clark explained why the company was still engaged with the U.S. government while simultaneously suing them.

UK regulator bans unauthorised Martin Lewis ads for car finance claims

Conclusive Financial’s promotions boasted of high compensation figures and used images without permission

Ethereum Foundation unveils $1M audit subsidy program to boost crypto security and cut costs for builders

The new initiative aims to address a persistent challenge in crypto development—the high cost of smart contract security audits.

London gets closer to its first robotaxi service as Waymo begins testing

Waymo's commercial service will eventually follow testing if the U.K. government approves.

Musk is officially free to roam in Texas

Delaware ruling draws a line under Tesla’s corporate domicile in the Lone Star State

JPMorgan has stark message for investors on market weakness

Gucci slump deals blow to Luca De Meo’s Kering turnaround

Sales at luxury group’s key brand tumble 8% in the first quarter as Iran war takes toll on industry

Fed chair nominee Kevin Warsh reveals assets worth more than $130mn

Trump’s pick to succeed Jay Powell reports $10mn in consulting fees from Stanley Druckenmiller’s family office

Major gold holder launches self-custody wallet

More U.S.-Iran peace deal talks are in discussion, White House says

Traffic through the Strait of Hormuz remains at a trickle, despite President Donald Trump proclaiming that a ceasefire with Iran depended on it reopening.

Trump says new US-Iran talks could happen ‘over next two days’

The US president said additional talks could happen this week in Islamabad but that further discussions to end the war would happen in Europe

YouTube livestreams will now hold back ads during peak engagement to protect the vibe

Until now, the only way to avoid seeing ads was by paying for a YouTube Premium subscription.

How the US can blockade the Strait of Hormuz

US forces will be ready to descend from helicopters on to oil tankers

Max Hodak’s Science Corp. is preparing to place its first sensor in a human brain

The device could help address multiple neurological conditions if it proves successful. One early use could be delivering gentle electrical stimulation to damaged brain or spinal cord cells to encourage healing.

Google adds AI Skills to Chrome to help you save favorite workflows

Google is adding “Skills” to Chrome, letting users save and reuse AI prompts across websites. The feature builds on Gemini’s browser integration.

How the rewards app Freecash scammed its way to the top of the app stores

Freecash was removed from Apple's App Store after TechCrunch reached out for comment.

CEOs are betting AI will augment work rather than displace all workers

Panelists at the Semafor World Economy conference said artificial intelligence can supplement the work that's already done, improving its quantity and quality.

Global recession is inevitable if Strait of Hormuz stays shut, says Citadel's Ken Griffin

A prolonged blockage of the Strait of Hormuz for the next six to 12 months will mean an unavoidable recession, the billionaire investor said.

Goldman Sachs files for bitcoin income ETF in crypto push

The bank is moving deeper into crypto with a bitcoin ETF that generates income by selling options on bitcoin-linked funds, following BlackRock’s push into similar yield-focused products.

Iran war will hit UK growth the hardest of any rich economies, IMF says

The IMF said that the U.K. will be hardest hit out of all developed economies as a result of the Iran war.

High Roller stock more than doubles on prediction markets partnership with Crypto.com

The announcement comes as an increasing number of companies move into prediction markets, an industry that is estimated to grow to $1 trillion by 2030

Bitcoin climbs to highest level since Feb. 5 crash that sent price plunging to $60,000

Optimism over developments in the Middle East sparked a sharp decline in oil prices and rallies across risk markets.

Wholesale prices rose 0.5% in March, much less than expected despite war impact

The producer price index was expected to increase 1.1% in March, according to the Dow Jones consensus estimate.

Why the economy could be spared 2022-style inflation despite high oil prices

Investors should be cautious about interpreting the rise in energy costs as a sustained driver of inflation, according to one fund manager.

Hormuz blockade could deepen world’s worst energy crisis — and risk a dangerous misstep

The U.S. naval blockade of the Strait of Hormuz threatens to halt more tanker traffic, sending oil surging and risks drawing China into a widening confrontation with Washington.

Should You Buy the Dip in Palo Alto Networks Stock Today?

Goldman Sachs with a reality check on AI: Fears of disruption will hang over growth stocks for years

Traton truck deliveries fall 6% in first quarter as US weakness persists

Lockheed Martin Just Scored a $4.7 Billion Army Contract. Does That Make LMT Stock a Buy?

Oil Is Off Its Peak - Time to Buy Oil Stocks Like ConocoPhillips?

Consumer sentiment hits record low, inflation fears rise amid Iran war

The university's headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record.

Consumer prices rose 3.3% in March, as energy prices spiked due to Iran conflict

The consumer price index was expected to show a 3.3% year-over-year gain in March, according to the Dow Jones consensus.

Inflation held sticky at 3% as U.S. headed into war with Iran, key Fed gauge shows

The gauge released Thursday offers the Federal Reserve a snapshot of conditions leading into the Iran war.

Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself

The Hormuz disruption is hammering Asian economies with surging energy costs and weakening currencies, but a repeat of the crisis three decades ago is unlikely.

Markets shift back toward potential Fed rate cut this year with Iran ceasefire in place

Odds for a reduction jumped Wednesday morning, hitting about 43%, according to the CME Group.