European shares advanced as oil declined, with the US and Iran inching toward a deal to end the nearly-three-month war. Italian stocks notched a fresh record . The Euro Stoxx 50 rose to erase its losses since the start of the Iran war at the end of February, before slightly paring gains to close higher by 2%. The Stoxx 600 Index advanced 1%, notching its sixth consecutive trading day of gains and ...
European shares advanced as oil declined, with the US and Iran inching toward a deal to end the nearly-three-month war. Italian stocks notched a fresh record . The Euro Stoxx 50 rose to erase its losses since the start of the Iran war at the end of February, before slightly paring gains to close higher by 2%. The Stoxx 600 Index advanced 1%, notching its sixth consecutive trading day of gains and the best streak since October. Energy stocks underperformed as Brent fell as much as 6.4% to $96.90 a barrel. Italy’s benchmark equity index rose past its all-time closing high set in 2000, with the recent rally in energy and chip stocks supercharging it to record levels. The FTSE MIB Index was 1.4% higher. Delivery Hero SE jumped 12% after receiving a take-over approach from Uber Technologies Inc. in a deal that would value the German delivery company at about €10 billion ($11.6 billion). Markets in the UK, Denmark, Norway and Switzerland are closed, among others. Cash trading in the US is also closed for Memorial Day. Senior US officials said on Sunday that the US and Iran are closing in on an a deal that would reopen the Strait of Hormuz. Trump posted on social media that the “relationship with Iran is becoming a much more professional and productive one,” but that he won’t “rush” into any deal. “The market is buying de-escalation, not yet a full macro relief story,” said Florian Ielpo , head of macro at Lombard Odier Investment Managers. “This is a clean ‘lower oil/weaker dollar/higher equities’ move, but it remains highly headline-dependent.” Before the European Bell is a new wrap with all you need to know before the market opens, published at 7:30am CET. Click here to subscribe. The Week in Review is a look at everything that happened in European stocks through the week, including earnings, sector moves, macro drivers, policy factors and more, published every Friday. Click here to subscribe. For more on equity markets: World Cup Can Help Revive Ultra-Cheap Staples: Ta...
JHVEPhoto/iStock Editorial via Getty Images Introduction Since my last analysis , Entegris's ( ENTG ) share price has underperformed the S&P 500 by a total of 4%, which aligns with my previous Sell recommendation. However, in retrospect, my initial analysis may have been overly harsh on the stock. During management's Q1 earnings call, the company upgraded its wafer starts outlook to mid- to high s...
JHVEPhoto/iStock Editorial via Getty Images Introduction Since my last analysis , Entegris's ( ENTG ) share price has underperformed the S&P 500 by a total of 4%, which aligns with my previous Sell recommendation. However, in retrospect, my initial analysis may have been overly harsh on the stock. During management's Q1 earnings call, the company upgraded its wafer starts outlook to mid- to high single digits, which was better than my initial expectations. Besides that, the company is ramping up its KSP and Colorado facilities, which will drive a margin expansion. The bullish outlook has prompted a review of the recommendation, which is why I am upgrading the stock to a Hold recommendation. However, given that Entegris's business is tied to wafer starts rather than WFE growth like AMAT ( AMAT ) or LRCX ( LRCX ), I still prefer other SPE names such as MKSI, as wafer starts are growing at a much more sluggish pace than WFE spending. Q1 2026 Results Review Entegris delivered a steady set of Q1 results, while revenue was in line with consensus expectations, EPS beat estimates by 15% on the back of stronger than expected margins. During the quarter, revenue reached $812 million, representing a 5% YoY growth, which was around the midpoint of management's guidance of $785-825 million. However, non-GAAP gross margins reached 46.9%, which was the high end of management's guidance, leading to a Q1 beat. The margin expansion was driven by a combination of factors: 140 bps from productivity and efficiency gains, 100 bps from a change in accounting for the useful life of Entegris's assets and 50 bps from one-off favourable items. Non-GAAP EPS on the other hand came in at $0.86, which beat the guidance range of $0.70-0.78 (and consensus estimates by 15%). The biggest improvement for Entegris during the quarter was FCF, as the company managed to deliver $144 million in FCF (vs. $32.4 million), and allowed the company to repay $50 million in term loans. Overall, the results were po...
Nvidia (NVDA) Stock Drops to $215 — 6.7% Fall as AI Boom Faces Pressure in 2026 Nvidia stock has failed to stop its poor performance and has been continuously falling for the past several days. Over the last five days... Written by: Arslan Butt • • 2 min read • Quick overview Nvidia stock has been declining for several days, dropping approximately 6.70% over the last five days and currently tradin...
Nvidia (NVDA) Stock Drops to $215 — 6.7% Fall as AI Boom Faces Pressure in 2026 Nvidia stock has failed to stop its poor performance and has been continuously falling for the past several days. Over the last five days... Written by: Arslan Butt • • 2 min read • Quick overview Nvidia stock has been declining for several days, dropping approximately 6.70% over the last five days and currently trading at $215.33. Despite strong sales and significant growth in their data center business, investor nervousness and market competition have contributed to the stock's decline. Nvidia reported $81.6 billion in sales for the first three months of 2027, an 85% increase compared to the same period last year. The company's future looks promising with new projects and high demand for their Blackwell chip, indicating potential for rapid sales growth. Nvidia stock has failed to stop its poor performance and has been continuously falling for the past several days. Over the last five days, this stock has dropped by approximately 6.70%, and if we talk about today, this stock is down by 1.90 and is trading at 215.33 dollars. If the company’s performance is looked at, then this stock should be going much higher, but this stock is continuously falling. There can be many reasons behind the stock’s decline, and what is currently understood is that the stock price was already quite high, so investors became nervous and started selling the stock. Secondly, the statements of the new Fed Chairman Kevin Warsh that his decisions on interest rates can change borrowing costs for tech companies, have increased uncertainty in the market and have affected the stocks of these companies. Along with this, the competition in the market is also increasing, so this is also one thing that affects the stock. Nvidia Makes Powerful Computer Chips Now let’s talk a little about the company. Nvidia is a very large technology company, as everyone knows, that makes very powerful computer chips. These chips are used f...
At least 24 people were injured on Monday afternoon after a double-decker bus collided with a highway maintenance vehicle on Hong Kong’s Tsing Kwai Highway. Police received a report at 2.05pm that a KMB route 960 double-decker bus, travelling from Wan Chai to Tuen Mun, collided with a maintenance truck equipped with a flashing arrow sign near Princess Margaret Hospital. The force said the crash le...
At least 24 people were injured on Monday afternoon after a double-decker bus collided with a highway maintenance vehicle on Hong Kong’s Tsing Kwai Highway. Police received a report at 2.05pm that a KMB route 960 double-decker bus, travelling from Wan Chai to Tuen Mun, collided with a maintenance truck equipped with a flashing arrow sign near Princess Margaret Hospital. The force said the crash left the bus driver trapped in his cabin. He was later freed by rescue personnel. Advertisement The driver and 23 passengers sustained minor injuries. The crash left the bus driver trapped in his cabin. Photo: Handout The crash left the front of the bus severely shattered. Multiple fire engines and ambulances were deployed to the scene.
A dispute over where churches and temples can operate in Malaysia ’s richest state has become an awkward political test for Prime Minister Anwar Ibrahim ’s ruling coalition, which came to power promising to protect the country’s multiracial and multi-faith society. The row centres on planning guidelines in Selangor, a wealthy and densely populated state surrounding Kuala Lumpur, that critics say c...
A dispute over where churches and temples can operate in Malaysia ’s richest state has become an awkward political test for Prime Minister Anwar Ibrahim ’s ruling coalition, which came to power promising to protect the country’s multiracial and multi-faith society. The row centres on planning guidelines in Selangor, a wealthy and densely populated state surrounding Kuala Lumpur, that critics say could restrict non-Islamic places of worship in commercial areas, where many religious groups have long operated because formally gazetted land is scarce. The backlash has exposed wider anxiety among non-Muslim voters in the Muslim-majority country and lands at a sensitive moment for Anwar’s Pakatan Harapan (PH) coalition. Advertisement Recent flashpoints involving pig farms, Hindu temples and unauthorised worship sites on government land have raised concerns over minority rights. The dispute began after Petaling Jaya Member of Parliament Lee Chean Chung flagged clauses in the Selangor State Planning Guidelines and Standards for Community Facilities, which were approved by the state executive council on November 12. Schoolboys walk down from a bridge in front of a church in Kuala Lumpur. Photo: AFP Drawn up by PLANMalaysia Selangor, the rules state that non-Islamic places of worship cannot be located in commercial zones, and that existing buildings cannot be converted for such use.
Jonathan Kitchen/DigitalVision via Getty Images What Is FDTX? The Fidelity Disruptive Technology ETF ( FDTX ) is an actively managed exchange-traded fund (also known as an ETF) that invests in a concentrated portfolio of around 50 companies involved in disruptive technology, with a heavy emphasis on the AI compute and infrastructure stack. Fidelity pitches that the fund can outperform the broad ma...
Jonathan Kitchen/DigitalVision via Getty Images What Is FDTX? The Fidelity Disruptive Technology ETF ( FDTX ) is an actively managed exchange-traded fund (also known as an ETF) that invests in a concentrated portfolio of around 50 companies involved in disruptive technology, with a heavy emphasis on the AI compute and infrastructure stack. Fidelity pitches that the fund can outperform the broad market by identifying companies with innovative business models that are reshaping how products and services are delivered to customers. The fund's mandate covers big data, machine learning, AI, cloud computing/SaaS, cybersecurity, ecommerce, and next-generation hardware — and in practice, the portfolio reads like a who's-who of the companies actually powering the AI buildout. I recently wrote about ROBT, the First Trust Nasdaq Artificial Intelligence and Robotics ETF, and recommended investors sell it. The reason was simple: an equal-weight structure spread across 138 names - many of which have only tangential exposure to the actual AI capital expenditure cycle - actively dilutes the performance of the genuine winners into a mediocre average. FDTX is, in many ways, an antidote to that problem. It is concentrated, opinionated, actively managed, and - critically - its top holdings are the names that most investors who follow the AI narrative will immediately recognize. TSM, NVDA, MSFT, AMZN, GOOG, and META are not obscure picks; they are near the top level of the modern AI value chain, and FDTX holds them with conviction. I remain generally skeptical of actively managed ETFs, as I've noted in my reviews of FMAG and others. FDTX has earned a look in my view, because the fund has a clear, coherent view of where value is being created in the AI stack, a defensible portfolio construction approach, and recent returns that have outpaced many AI fund peers, of which many have popped up over the past year. It is not a perfect product, and BAI and AIQ (both of which I also mentioned in...
国内存储产业不能只押一条赛道。DRAM、NAND、利基存储器各有各的应用场景和技术壁垒，分工明确、各自深耕，才能在产业链上形成互补而非内卷 当地时间2026年4月23日，韩国，SK海力士总部。图：视觉中国 苔花米小，亦学牡丹开。 世人往往关注于园中牡丹开得艳丽多姿，却忽视了墙角的苔花亦在蓬勃生长。在本轮存储的超级周期中，大量用于 AI 加速芯片（GPU 等）的 HBM 芯片（高带宽内存）如同产业中...
国内存储产业不能只押一条赛道。DRAM、NAND、利基存储器各有各的应用场景和技术壁垒，分工明确、各自深耕，才能在产业链上形成互补而非内卷 当地时间2026年4月23日，韩国，SK海力士总部。图：视觉中国 苔花米小，亦学牡丹开。 世人往往关注于园中牡丹开得艳丽多姿，却忽视了墙角的苔花亦在蓬勃生长。在本轮存储的超级周期中，大量用于 AI 加速芯片（GPU 等）的 HBM 芯片（高带宽内存）如同产业中的牡丹，明艳、高技术壁垒、有故事性，成为新一代 AI 存储中的话题焦点。 相比之下，传统 DRAM 过去与 AI 爆发的叙事关联性不强，价格仍受制于下游移动设备、个人电脑、汽车电子的供需周期，像是墙角的苔花，受关注度较低。 但在 AI 需求结构改变、产能供需错配的影响下，这一现状正在快速改变。 推荐进入 财新数据库 ，可随时查阅宏观经济、股票债券、公司人物，财经数据尽在掌握。
5月19-20日，由36氪主办的2026 AI Partner大会在北京举办，“2026 AI最佳场景渗透案例”评选结果于大会期间同步揭晓。梧桐车联科技有限公司(以下简称“TINNOVE梧桐科技”)研发的AI全景声系统，凭借将大模型的深度学习能力系统性地应用于车载声学领域，从众多参评案例中脱颖而出，获评“2026 AI最佳场景渗透案例”，标志着TINNOVE梧桐科技在AI与智能座舱声学融合领域的技...
5月19-20日，由36氪主办的2026 AI Partner大会在北京举办，“2026 AI最佳场景渗透案例”评选结果于大会期间同步揭晓。梧桐车联科技有限公司(以下简称“TINNOVE梧桐科技”)研发的AI全景声系统，凭借将大模型的深度学习能力系统性地应用于车载声学领域，从众多参评案例中脱颖而出，获评“2026 AI最佳场景渗透案例”，标志着TINNOVE梧桐科技在AI与智能座舱声学融合领域的技术实力与创新成果获得业界高度认可。 当前，AI行业正从“技术可行性”竞赛转向“商业落地性”比拼，36氪发起的案例评选从场景渗透度、商业价值力、技术创新力及可复制性等维度严苛评估，旨在挖掘真正深度渗透产业、产生实际商业价值、具备可复制性的标杆级AI应用案例。TINNOVE梧桐科技AI全景声系统的成功入围，印证了其在解决车载全景声内容稀缺这一行业痛点上的突出价值——通过AI深度学习模型将立体声音频转化为车载环境下的沉浸式全景声体验，不仅极大拓展了用户娱乐场景，更解决了高端硬件因适配内容稀缺而体验受限的行业难题。 作为行业领先的大模型驱动的车载音频方案，该AI全景声系统率先将大模型的深度学习能力系统性地应用于车载声学领域，基于AI音源分离、音频重构和多通道音频回放渲染技术，让以立体声格式录制的音频重放出全景声般的沉浸式效果，成为智能座舱领域AI大模型落地的典型代表。就在不久前举办的“2026 TIME DAY·腾讯智慧出行技术开放日”期间，TINNOVE梧桐科技还携手腾讯音乐于行业率先发布了臻品全景声3.0软硬一体解决方案，通过软硬一体解决方案建构声学能力闭环，持续输出高品质全景声体验。 值得关注的是，TINNOVE梧桐科技AI全景声系统曾于2025年入选「AI 中国」机器之心“最佳大模型产品TOP20”，此次与同为腾讯系的QQ浏览器、腾讯电子签等诸多深入用户场景的优秀产品共获36氪“2026 AI最佳场景渗透案例”，进一步彰显了其在AI落地车载场景中的技术实力。 伴随AI加速迈入应用深化阶段，智能座舱的竞争重心正从功能堆砌转向AI能力的深度融入与场景体验的精准落地。作为“AI座舱”概念的早期提出者与实践者，TINNOVE梧桐科技将持续聚焦AI座舱技术研发、深化产业链生态合作，不断助力汽车行业的智能化升级，为更多消费者带来更安全、更智能、更便捷的出行体验。
Muslims begin the annual Hajj against a backdrop of war concerns toggle caption Altaf Qadri/AP MECCA, Saudi Arabia — The annual Hajj pilgrimage, one of the Five Pillars of Islam, officially began Monday. More than 1.5 million pilgrims have arrived in Saudi Arabia from outside the country, Saleh bin Saad Al-Murabba, commander of the Hajj passport forces, said Friday. The faithful have been pouring ...
Muslims begin the annual Hajj against a backdrop of war concerns toggle caption Altaf Qadri/AP MECCA, Saudi Arabia — The annual Hajj pilgrimage, one of the Five Pillars of Islam, officially began Monday. More than 1.5 million pilgrims have arrived in Saudi Arabia from outside the country, Saleh bin Saad Al-Murabba, commander of the Hajj passport forces, said Friday. The faithful have been pouring into the country for the Hajj against the backdrop of a tenuous ceasefire in the Iran war and related regional tensions and uncertainty. Egyptian pilgrim Samya Abdul Moneim said she was grateful to God that she made it to the Hajj, which is required once in a lifetime of every Muslim who can afford it and is physically able to make it. Sponsor Message "I am in a state of blessing and happiness," she said in Mecca on Sunday. "It's an indescribable feeling, truly. I mean, thank God, I am in a blessing." Typically on the first day, many pilgrims in Mecca converge on a vast tent camp in the nearby desert. Ahead of that, pilgrims have been circling the cube-shaped Kaaba in the Grand Mosque in sweltering temperatures. For pilgrims, Hajj can be a deeply moving spiritual experience and a chance to seek God's forgiveness and the erasure of past sins. Pilgrims perform the Hajj rituals over several days. toggle caption Altaf Qadri/AP Pilgrims brave intense heat Some spend many years hoping and praying to one day perform the Hajj or saving up money and waiting for a permit to embark on the trip. As they brave the intense heat to perform religious rituals, many pilgrims have been using umbrellas for shade and carrying handheld fans. Volunteers hand out water bottles to help them stay hydrated and large fans spray fine mists of water. On Saturday, U.S. President Donald Trump said a deal with Iran on the war, including opening the Strait of Hormuz, has been "largely negotiated" after calls with Israel and other allies in the region. He described it as a "Memorandum of Understanding pertai...
Klaus Vedfelt/DigitalVision via Getty Images Thesis Eagle Point Income Company Inc. Series A Preferred ( EICA ) has been one of our favorite holdings in the past , falling in the 'boring' category, but a category that produces results. Rather than chase 10% yields with significant risks, one could just chase the 5% EICA current yield (but the much higher yield to maturity from the security). In to...
Klaus Vedfelt/DigitalVision via Getty Images Thesis Eagle Point Income Company Inc. Series A Preferred ( EICA ) has been one of our favorite holdings in the past , falling in the 'boring' category, but a category that produces results. Rather than chase 10% yields with significant risks, one could just chase the 5% EICA current yield (but the much higher yield to maturity from the security). In today's article we are going to discuss why we are downgrading this holding (we own this) and the latest developments with Eagle Point Income Company Inc ( EIC ). What is the Latest With EIC Eagle Point Income Company is a fixed-income closed-end fund that invests in CLO debt and equity (with an emphasis on debt, which is 63% of the portfolio). The fund had a rough year, with the market selling the asset class in the beginning of the year: Data by YCharts The CEF is down 15% on a total return basis on a one-year lookback, with the pure price performance much lower. CLO equity has performed poorly as of late, especially in 2026, as investors started worrying about an increase in defaults. Another notable development for the fund has been the refinancing of exchange-listed term preferred equity via privately placed one: Financials (2026 Financials) As we can see from the fund's financial information, the outstanding preferred stock has remained the same at roughly $142 M, but the old Series B and Series C (which were exchange listed) have been replaced with privately placed convertible perpetual ones: GREENWICH, Conn., March 16, 2026--(BUSINESS WIRE)--Eagle Point Income Company Inc. (the "Company") (NYSE: EIC) announced it has commenced a continuous public offering of up to 4,000,000 shares of its 6.00% Series AA Convertible Perpetual Preferred Stock and 6.00% Series AB Convertible Perpetual Preferred Stock (collectively, the "Preferred Stock") at a public offering price of $25 per share, which will result in net proceeds to the Company of approximately $91 million after paymen...
TenPay Global is Tencent’s cross-border payments platform. Credit: bluestork / Shutterstock.com. TenPay Global, Tencent’s cross-border payments platform, has expanded its Central Asia network with a new agreement in Kyrgyz Republic. The company signed a Memorandum of Understanding (MoU) with Eldik Bank of the Kyrgyz Republic at the 10th Silk Road International Expo in Xi’an. The MoU follows TenPay...
TenPay Global is Tencent’s cross-border payments platform. Credit: bluestork / Shutterstock.com. TenPay Global, Tencent’s cross-border payments platform, has expanded its Central Asia network with a new agreement in Kyrgyz Republic. The company signed a Memorandum of Understanding (MoU) with Eldik Bank of the Kyrgyz Republic at the 10th Silk Road International Expo in Xi’an. The MoU follows TenPay Global’s recent partnership with Uzbekistan’s HUMO Pay. Tencent said the collaborations are intended to connect Central Asian payment networks to the Weixin Pay merchant network via China’s Cross-Border Interconnection Payment Gateway (CPG), a unified cross-border QR code payment gateway under China’s central bank. With the integration, travellers and business visitors from Kyrgyzstan, Uzbekistan, and other Central Asian markets will be able to pay in China using their existing domestic digital wallets. According to Tencent, users will be able to scan Weixin Pay QR codes without downloading additional apps. Tencent Financial Technology vice president Royal Chen said: “Through the TenPay Global platform, overseas wallets can access Weixin Pay’s vast merchant network via a one-time API integration, offering low integration costs and fast time-to-market. “Meanwhile, we have customised localised adaptations for each overseas wallet. The overseas wallets can now display real-time exchange rates and the deduction amount in their local currency, achieving a ‘what you see is what you pay’ experience for users.” Tencent said that, under the “guidance” of the Payment and Clearing Association of China, it has upgraded Weixin Pay’s “Pay with Your Home E-Wallet” service through CPG. Under the initiative, it has partnered with more than 40 overseas wallet institutions globally. The company said 36 e-wallets from 13 countries and regions are live. This includes Singapore’s LiquidPay, Vietnam’s Zalopay and MOMO, Laos’ BCEL, and Mongolia’s Hipay. Among them, around ten overseas wallets are...