Notably, DeepSeek looks to have turned primarily to China’s Huawei Technologies for the hardware behind its latest release. Huawei said in a WeChat post that its entire Ascend AI chip line now offers full-stack support for DeepSeek V4 models, although DeepSeek said it validated one of V4’s key efficiency techniques on both Nvidia graphics-processing units and Huawei’s chips. Nvidia has been hamper...
Notably, DeepSeek looks to have turned primarily to China’s Huawei Technologies for the hardware behind its latest release. Huawei said in a WeChat post that its entire Ascend AI chip line now offers full-stack support for DeepSeek V4 models, although DeepSeek said it validated one of V4’s key efficiency techniques on both Nvidia graphics-processing units and Huawei’s chips. Nvidia has been hampered in China by tensions between Washington and Beijing.
watch now VIDEO 2:49 02:49 Rise of prediction market ETFs: Here's what to know Morning Call Soon, investors may be able to wager on who wins control of the Senate in their brokerage accounts. Bitwise, Roundhill and GraniteShares have filed applications with the SEC to offer event contracts as exchange-traded funds which would then be available, for instance, within a self-directed IRA. "An ETF iss...
watch now VIDEO 2:49 02:49 Rise of prediction market ETFs: Here's what to know Morning Call Soon, investors may be able to wager on who wins control of the Senate in their brokerage accounts. Bitwise, Roundhill and GraniteShares have filed applications with the SEC to offer event contracts as exchange-traded funds which would then be available, for instance, within a self-directed IRA. "An ETF issuer's job is to give investors access to investments they want and we see a lot of interest in prediction markets," said William Rhind, founder and CEO of GraniteShares ETFs. The companies want to offer a Democrat president ETF or Republican president ETF, essentially an investment in who wins the White House in the election November 7, 2028. Similar ETFs are proposed for the outcome of which party takes control of the House of Representatives and the Senate in this year's midterm elections. The ETFs would roughly track the changes in probability of the prediction markets, which offer a payout on a winning bet and nothing on a losing bet. The ETFs will carry a warning that an outcome contrary to the bet means "The fund will lose substantially all its value," according to the SEC filings. Traders can currently make these kinds of bets directly on Kalshi, Polymarket, Robinhood, Crypto.com or even with companies famous for sports betting like DraftKings, FanDuel or Fanatics. Like bitcoin ETFs? But many investors keep most or all of their assets in a brokerage account, Bitwise Investments chief investment officer Matthew Hougan points out. He highlights the way bitcoin ETFs gave millions of investors an opportunity to invest in cryptocurrencies without the added friction of opening an account on Binance or Coinbase. Rhind says the event contract ETFs appear to be taking a similar path as crypto, gold and options markets. "One of the best expressions of the ETF is providing market access to different investments in an ordinary brokerage account," Rhind told CNBC. "We've seen thr...
The speculative mania around Avis Budget Group Inc. erupted quickly. It collapsed even faster. In just two days, with no clear cause, the car-rental company’s stock cratered so deeply that it wiped out all but a sliver of its 600% surge over the previous month. “You typically don’t see stocks like these swing this way,” said Steve Sosnick , chief strategist at Interactive Brokers. “It was such a s...
The speculative mania around Avis Budget Group Inc. erupted quickly. It collapsed even faster. In just two days, with no clear cause, the car-rental company’s stock cratered so deeply that it wiped out all but a sliver of its 600% surge over the previous month. “You typically don’t see stocks like these swing this way,” said Steve Sosnick , chief strategist at Interactive Brokers. “It was such a strong move, in such a short time — that, too, in a household name like Avis.” The sharp rise was, by all accounts, a classic short squeeze, in which the hordes of investors who’d sold borrowed Avis shares, betting they’d drop, suddenly started racing to close out those positions by buying them back. As others held onto their stock, making the supply relatively scarce, the price soared. What caused the sudden and violent reversal — sending the stock plunging nearly 70% on Wednesday and Thursday alone — is much less clear. But to many traders and investors, including those who bet against Avis and made money when it crashed, it always seemed inevitable that it would end this way. The stock price had gotten clearly untethered from the company’s fundamentals. And unlike the similar jumps in meme-stocks like GameStop Corp. or AMC Entertainment Holdings Inc. , there was no small army of day traders intent on keeping it going. Then late on Wednesday, after the first leg down, Avis announced that it would report its first-quarter earnings on April 29 , ahead of an expected early-to-mid May date. That ignited speculation that Avis was planning to seize on the jump to raise money by selling stock, which turbocharged the selloff. Avis in late March filed for a so-called “at-the-market” offering, which allows for open-market sales at prevailing prices, for up to 5 million shares, though it has not disclosed selling any yet. Avis didn’t respond to requests for comment. “Once they say they’re announcing earnings, you know they’re going to try and issue stock,” said Vikram Rai , a portfol...
Pakistani officials expect to host another round of peace talks between Iran and the US. Iran's top diplomat is going there, but it's not clear if a US delegation is as well. Retired US Army Colonel Wayne Sanders, a Bloomberg Intelligence analyst, is on Bloomberg Open Interest. (Source: Bloomberg)
Pakistani officials expect to host another round of peace talks between Iran and the US. Iran's top diplomat is going there, but it's not clear if a US delegation is as well. Retired US Army Colonel Wayne Sanders, a Bloomberg Intelligence analyst, is on Bloomberg Open Interest. (Source: Bloomberg)
The Philadelphia Semiconductor Index ( SOX ) is currently showing extremely overbought conditions, reaching levels not seen since June 2000, according to Michael Hartnett, chief investment strategist at BofA Global Research. When measured against its 200-day moving average, the index appears “bubbly,” suggesting the market may be running ahead of itself in a way that historically signals elevated ...
The Philadelphia Semiconductor Index ( SOX ) is currently showing extremely overbought conditions, reaching levels not seen since June 2000, according to Michael Hartnett, chief investment strategist at BofA Global Research. When measured against its 200-day moving average, the index appears “bubbly,” suggesting the market may be running ahead of itself in a way that historically signals elevated risk. Semiconductors (SOX) % deviation from 200 day moving average (BofA Global Investment Strategy, Bloomberg) The index is up 48% year-to-date and up almost 35% just in the past month, crossing the 10,000 mark on Thursday. BofA analysts also noted that the upside breakout is occurring among “blue collar” semiconductor companies—firms like ON Semiconductor ( ON ), STMicroelectronics ( STM ), Microchip Technology ( MCHP ), and Texas Instruments ( TXN ). These companies tend to supply chips for industrial and manufacturing applications rather than cutting-edge consumer electronics. When these stocks surge, it typically signals expectations of strong manufacturing activity ahead. This kind of breakout historically implies the US ISM manufacturing index could rise above 60, a level indicating robust economic expansion. Semiconductor strength often serves as a leading indicator for the broader economic cycle. “Up in chips” means being “up in cyclicals,” Hartnett wrote. ISM manufacturing PMI vs semiconductors (YoY %, RHS) (BofA Global Investment Strategy, Bloomberg) Semiconductor ETFs: ( SMH ), ( SOXX ), ( SOXL ), ( FTXL ), ( XSD ), ( USD ), ( PSI ), and ( SEMI ). More on Philadelphia Semiconductor Index Are The Semis And Transports Leading The Market To New Highs? From HALO To AURA: The Next Rotation In AI Markets Intel climbs ahead of earnings as semiconductor and software stocks continue to diverge SOX crosses 10,000 for the first time as chip rally broadens
Tesla Inc. is among the most expensive stocks in the S&P 500. That might seem odd in the wake of one of its worst quarters for electric vehicle sales in years. But it’s not EVs that are keeping the shares trading at more than 180 times expected earnings. Instead, investors are betting on what Chief Executive Officer Elon Musk sees as the company’s true calling: self-driving cars and humanoid robot...
Tesla Inc. is among the most expensive stocks in the S&P 500. That might seem odd in the wake of one of its worst quarters for electric vehicle sales in years. But it’s not EVs that are keeping the shares trading at more than 180 times expected earnings. Instead, investors are betting on what Chief Executive Officer Elon Musk sees as the company’s true calling: self-driving cars and humanoid robots, powered by artificial intelligence. Tesla has described itself as transitioning “from a hardware-centric business to a physical AI company.” It plans to triple its spending to more than $25 billion this year to help accelerate that transformation. Tesla is also investing in a giant chipmaking factory, known as Terafab, to power its AI ambitions. This will be a joint venture with Musk’s rocket builder SpaceX, highlighting how the different segments of his business empire are becoming increasingly intertwined. Part of Tesla’s appeal to investors has been that it’s the only stock that allows people to directly wager on Musk’s visions. That will soon change as SpaceX targets a mega-initial public offering . There’s speculation that the two firms could even eventually merge. What’s happening to Tesla’s EV sales? Once the undisputed leader of the EV market, Tesla was surpassed by Chinese rival BYD Co. as the world’s top seller of fully electric cars last year. Global deliveries of its vehicles have shrunk for two years in a row . The pain points last year included heightened competition, the end of tax credits for EV purchases in the company’s largest market, the US, and backlash against Musk’s polarizing politics. Tesla also faced disruption from a redesign of the Model Y SUV, as it paused output at its assembly plants to retool production lines. While Tesla’s sales in the first quarter of 2026 increased by 6% year-on-year, this was still the second-worst quarter since 2022. There were some positive signs as the EV maker reported a rebound in demand in North America, Europe a...
TBE/iStock Editorial via Getty Images Novartis ( NVS ) announced on Friday that, following regulatory feedback, it has withdrawn its EU marketing application for Pluvicto, which aimed at broadening the use of the radiotherapy for a specific type of prostate cancer (mCRPC). The company’s type II variation application sought a label expansion for Pluvicto in adults with prostate-specific membrane an...
TBE/iStock Editorial via Getty Images Novartis ( NVS ) announced on Friday that, following regulatory feedback, it has withdrawn its EU marketing application for Pluvicto, which aimed at broadening the use of the radiotherapy for a specific type of prostate cancer (mCRPC). The company’s type II variation application sought a label expansion for Pluvicto in adults with prostate-specific membrane antigen (PSMA)-positive metastatic castration-resistant prostate cancer (mCRPC). Novartis ( NVS ) said that an expert panel of the EU drug regulator, the European Medicines Agency (EMA), had found concerns over its PSMAfore study, which had backed the drug’s U.S. approval for this indication. According to the company, EMA's Committee for Medicinal Products for Human Use indicated its control arm would not support the marketing bid. “We are disappointed by this outcome and remain committed to advancing treatment options for people with prostate cancer,” the Swiss drugmaker added. More on Novartis Novartis: Buy Thesis Fades Into Q1 2026 Results (Rating Downgrade) Novartis Promises Growth Despite 'Historic' Patent Cliffs - I Broadly Agree Novartis: Synnovation Deal And 8% Full-Year 2025 Sales Growth Sanofi, Arrowhead, Novartis among winners of EU recommendations this week WHO prequalifies Novartis’ Coartem Baby for infants
China’s government bond futures market was launched in 1992 but was suspended for nearly two decades following a major trading scandal in 1995 China has allowed qualified foreign institutional investors to trade domestic government bond futures strictly for hedging purposes, a move aimed at strengthening the appeal and stability of yuan-denominated assets. The policy, effective April 24, gives glo...
China’s government bond futures market was launched in 1992 but was suspended for nearly two decades following a major trading scandal in 1995 China has allowed qualified foreign institutional investors to trade domestic government bond futures strictly for hedging purposes, a move aimed at strengthening the appeal and stability of yuan-denominated assets. The policy, effective April 24, gives global funds new tools to manage interest rate risk in their Chinese debt portfolios. Regulators said the move is part of a broader push toward high-level institutional opening-up of China’s financial markets.
Kenyan taking part in only his fifth career marathon Jacob Kiplimo and Tamirat Tola among his main rivals They call Sabastian Sawe the silent assassin. And, whisper it, but the Kenyan may just take down the men’s world marathon record in London on Sunday. It is an imposing target, set by Kelvin Kiptum in 2023, which stands at two hours and 35 seconds. But Sawe believes he is in similar shape to wh...
Kenyan taking part in only his fifth career marathon Jacob Kiplimo and Tamirat Tola among his main rivals They call Sabastian Sawe the silent assassin. And, whisper it, but the Kenyan may just take down the men’s world marathon record in London on Sunday. It is an imposing target, set by Kelvin Kiptum in 2023, which stands at two hours and 35 seconds. But Sawe believes he is in similar shape to when he went for the world record in Berlin last September, only to be thwarted by temperatures in the mid-20s centigrade. Continue reading...
Which CPU company has dominated 2026 so far: Intel (NASDAQ:INTC), Arm Holdings (NASDAQ:ARM), or Advanced Micro Devices (NASDAQ:AMD)? The leaderboard just got reshuffled this morning. Intel stock gapped up +24.89% at the open after a blowout Q1 report, vaulting the chipmaker to the top of the 2026 podium and dragging the entire semiconductor complex higher. ... Which CPU Company Has Dominated 2026:...
Which CPU company has dominated 2026 so far: Intel (NASDAQ:INTC), Arm Holdings (NASDAQ:ARM), or Advanced Micro Devices (NASDAQ:AMD)? The leaderboard just got reshuffled this morning. Intel stock gapped up +24.89% at the open after a blowout Q1 report, vaulting the chipmaker to the top of the 2026 podium and dragging the entire semiconductor complex higher. ... Which CPU Company Has Dominated 2026: Intel, AMD, or ARM Holdings?