monsitj/iStock via Getty Images Shares of Poet Technologies continued to tumble premarket on Tuesday after the stock plummeted about 47% on Monday following disclosure about the cancellation of purchase orders. On Monday, Canadian company Poet — which provides integrated photonic solutions for AI and optical networking markets — announced the cancellation of all purchase orders received by it from...
monsitj/iStock via Getty Images Shares of Poet Technologies continued to tumble premarket on Tuesday after the stock plummeted about 47% on Monday following disclosure about the cancellation of purchase orders. On Monday, Canadian company Poet — which provides integrated photonic solutions for AI and optical networking markets — announced the cancellation of all purchase orders received by it from Celestial AI, which has been acquired by Marvell Technology ( MRVL ). The cancellation orders also included initial production units first disclosed in April 2023. Poet's stock fell about 4% premarket on Tuesday, while Marvell's shares declined nearly 3%. Marvell Technology had completed its $3.25B cash-and-stock acquisition of Celestial AI in February. More on Poet Technologies POET Technologies: The Missing Piece In Marvell's AI Empire POET: Recent Production Orders And Deepening Partnerships Make It A Compelling Strong Buy POET Technologies: Huge Risk, Massive Upside POET Technologies crashes as it loses deal with Marvell POET stock jumps as order commentary boosts rally
Ping An Insurance (Group) Co. said profit fell 7.4% in the first quarter, as declines in China’s stock market dented investment returns. Net income dropped to 25 billion yuan ($3.7 billion), from 27 billion yuan a year earlier, the Shenzhen-based company said in a filing to the Hong Kong stock exchange Tuesday. Operating profit, which the insurer says better reflects performance by stripping out s...
Ping An Insurance (Group) Co. said profit fell 7.4% in the first quarter, as declines in China’s stock market dented investment returns. Net income dropped to 25 billion yuan ($3.7 billion), from 27 billion yuan a year earlier, the Shenzhen-based company said in a filing to the Hong Kong stock exchange Tuesday. Operating profit, which the insurer says better reflects performance by stripping out short-term investment volatility and one-time items, rose 7.6%. China’s benchmark CSI 300 Index slid almost 4% during the quarter, weighing on the value of insurers’ stock portfolios after the industry expanded equity holdings last year. Listed Chinese insurers’ net income likely dropped an average 20% from a year earlier, while their new business value is expected to have grown at least 15% amid solid demand for savings products, according to Kaiyuan Securities Co.
US President Donald Trump looks on during a meeting with Lebanon's Ambassador to the US, Nada Hamadeh Moawad, and Israel's Ambassador to the US, Yechiel Leiter, at the White House in Washington, DC on April 23, 2026. Brendan Smialowski | Afp | Getty Images The U.S. is being "humiliated" by the Iranian regime, Germany's chancellor has said, as disquiet among European leaders over a prolonged confli...
US President Donald Trump looks on during a meeting with Lebanon's Ambassador to the US, Nada Hamadeh Moawad, and Israel's Ambassador to the US, Yechiel Leiter, at the White House in Washington, DC on April 23, 2026. Brendan Smialowski | Afp | Getty Images The U.S. is being "humiliated" by the Iranian regime, Germany's chancellor has said, as disquiet among European leaders over a prolonged conflict in the Middle East gradually intensifies. "The Iranians are obviously very skilled at negotiating, or rather, very skillful at not negotiating, letting the Americans travel to Islamabad and then leave again without any result," Chancellor Friedrich Merz said on Monday. "An entire nation is being humiliated by the Iranian leadership, especially by these so-called Revolutionary Guards. And so I hope that this ends as quickly as possible," Merz added , speaking to students in Marsberg in Germany. watch now VIDEO 1:42 01:42 U.S. being "humiliated" by Iran, says German Chancellor Merz Squawk Box Europe The comments were unexpected, but at least partially reflect frustration that the Iran conflict is undermining Merz's government's efforts to bolster Germany's flagging economy. Merz, like other European leaders, has faced criticism from President Donald Trump for a reluctance to participate in the war. Europe, already dealing with a four-year conflict on its doorstep in Ukraine, sees the military operation as a war of choice that they were not consulted on beforehand. Leaders are also worried that the U.S. has underestimated the resilience of the Iranian regime, which is underpinned by the Iranian Revolutionary Guard Corps, and fear the war could turn into another so-called "forever war" in the Middle East. "The problem with conflicts like these is always the same," Merz noted Monday: "It's not just about getting in; you also have to get out. We saw that all too painfully in Afghanistan, for 20 years. We saw it in Iraq." Europe's patience wanes Merz's concerns are shared by ot...