An electricity shortfall for AI data centres and computing power is fuelling demand for generators and power equipment, driving up stocks from Weichai Power in China to GE Vernova in the US. The AI investment spree in the world’s two largest economies, which are vying for a leading position in the cutting-edge technology, has rekindled buying interest in stocks of a sector viewed as old economy. S...
An electricity shortfall for AI data centres and computing power is fuelling demand for generators and power equipment, driving up stocks from Weichai Power in China to GE Vernova in the US. The AI investment spree in the world’s two largest economies, which are vying for a leading position in the cutting-edge technology, has rekindled buying interest in stocks of a sector viewed as old economy. Shares of Weichai Power, a heavy-duty truck maker that also builds large-bore engines, have jumped...
The China Securities Regulatory Commission. Photo: VCG A former official at China’s top securities regulator was sentenced to seven years in prison on Friday for bribery, according to a court statement. The court also fined Yang Chunlei , a former deputy director at an inspection unit at the China Securities Regulatory Commission, 400,000 yuan ($59,000). Illicit gains were ordered confiscated. The...
The China Securities Regulatory Commission. Photo: VCG A former official at China’s top securities regulator was sentenced to seven years in prison on Friday for bribery, according to a court statement. The court also fined Yang Chunlei , a former deputy director at an inspection unit at the China Securities Regulatory Commission, 400,000 yuan ($59,000). Illicit gains were ordered confiscated. The case is part of Beijing’s continuing anti-corruption campaign targeting the financial sector, which has ensnared regulators and executives in recent years.
The administration of US President Donald Trump is inviting American CEOs from Boeing, Mastercard, Citigroup and other major corporations to join his delegation to China next week, according to multiple sources. Trump is visiting China on May 14 and 15 after his scheduled visit for March 31 was postponed following the US-Israeli strikes on Iran. Boeing, Mastercard and Citigroup declined to comment...
The administration of US President Donald Trump is inviting American CEOs from Boeing, Mastercard, Citigroup and other major corporations to join his delegation to China next week, according to multiple sources. Trump is visiting China on May 14 and 15 after his scheduled visit for March 31 was postponed following the US-Israeli strikes on Iran. Boeing, Mastercard and Citigroup declined to comment, but sources said several CEOs had received invitations from the White House. A full list of...
(DH2) On a floral-themed LP, squiggling melodies and quizzical distortion banish the winter gloom Dreijer brought to the Knife and his tracks with Fever Ray Swedish producer Olof Dreijer is best known for projects with his sibling Karin: namely their duo the Knife, plus Karin’s solo act Fever Ray , with whom he created four brilliant tracks on 2023 album Radical Romantics. For all that his beats o...
(DH2) On a floral-themed LP, squiggling melodies and quizzical distortion banish the winter gloom Dreijer brought to the Knife and his tracks with Fever Ray Swedish producer Olof Dreijer is best known for projects with his sibling Karin: namely their duo the Knife, plus Karin’s solo act Fever Ray , with whom he created four brilliant tracks on 2023 album Radical Romantics. For all that his beats on these records often had African-Caribbean-Latin syncopation, they also had a Scandinavian winter gloom. Conversely, his debut solo album seems to crane upwards towards sunlight like flowers – and each of the tracks has a floral name. Dance heads will already be familiar with some of them (having appeared on EPs stretching back to 2023) but together they show quite how distinctive Dreijer’s own musical accent is: you can tell it’s him sometimes from just half a second of music. Continue reading...
For anyone needing a break from binging The Pitt, you can always put in your own shifts as a hospital manager, surgeon, paramedic and of course as a demonic morgue assistant Like the rest of the western world, our household is currently binging medical drama The Pitt, revelling in its visceral depiction of life in a modern emergency department. So far the series has yet to inspire a video game tie...
For anyone needing a break from binging The Pitt, you can always put in your own shifts as a hospital manager, surgeon, paramedic and of course as a demonic morgue assistant Like the rest of the western world, our household is currently binging medical drama The Pitt, revelling in its visceral depiction of life in a modern emergency department. So far the series has yet to inspire a video game tie-in (though there has been an amusing parody ), but fans wishing to try their hand at tense medical (mal)practice, should not despair. Here are eight of the best hospital games spanning more than 40 years of gruesome interactive surgery. Squirt some hand sanitiser and come this way. Continue reading...
Even as “China shock 2.0” is roiling Western manufacturers, we must, it seems, brace for “China shock 3.0” – to the global food economy – as President Xi Jinping doubles down on the imperative that has obsessed Beijing for decades: food security. “China’s Food Future”, a consultation paper by Systemiq funded by the California-based Gordon and Betty Moore Foundation, warns that China is poised to “...
Even as “China shock 2.0” is roiling Western manufacturers, we must, it seems, brace for “China shock 3.0” – to the global food economy – as President Xi Jinping doubles down on the imperative that has obsessed Beijing for decades: food security. “China’s Food Future”, a consultation paper by Systemiq funded by the California-based Gordon and Betty Moore Foundation, warns that China is poised to “reshape global agricultural commodity supply chains”. It suggests China is set to apply to...
georgeclerk/iStock via Getty Images By Kelvin Wong After the sterling hit a 2-month high of 1.3658 on May 1, 2026 against the US dollar, the GBP/USD has traded sideways, and on Thursday, May 7, 2026, it declined by 0.2% to print an intraday low of 1.1723 on the backdrop of an uptick in US-Iran tension after both sides exchanged fire. In addition to the latest developments surrounding the US-Iran c...
georgeclerk/iStock via Getty Images By Kelvin Wong After the sterling hit a 2-month high of 1.3658 on May 1, 2026 against the US dollar, the GBP/USD has traded sideways, and on Thursday, May 7, 2026, it declined by 0.2% to print an intraday low of 1.1723 on the backdrop of an uptick in US-Iran tension after both sides exchanged fire. In addition to the latest developments surrounding the US-Iran conflict, where markets are awaiting Iran’s response to Washington’s latest proposal to reopen the Strait of Hormuz, traders will also be closely watching several key US economic releases today that may influence the short-term direction of GBP/USD. These include the April non-farm payrolls and unemployment rate data at 8:30 pm SGT, followed by the preliminary University of Michigan consumer sentiment report for May at 10:00 pm SGT. Interestingly, intermarket and technical factors are now supporting a potential bullish reversal in the GBP/USD at this juncture. Let’s unpack in greater detail. The UK/US implied interest rate policy curve spread has steepened Fig. 1: UK-US implied interest rate policy curve spread as of May 7, 2026 ((Source: MacroMicro)) Interest rate futures markets indicate that the Bank of England (BoE) will likely hike in July after being on hold at 3.75% since December 2025. The current eurozone/US implied interest rate policy curve spread for the period from June 2026 to September 2026 has steepened significantly. In addition, the curve has also shifted upwards, with the current September 2026 reading standing at 0.66%, compared to 0.16% three months ago (see Fig. 1). These observations suggest that the BoE is likely to be less dovish or more hawkish than the Fed, which, in turn, could provide support for a potentially firmer GBP/USD. The monthly implied future monetary policy interest rate curves for the UK and the US are calculated using short-term interest rate futures that are highly sensitive to the expectations on these countries’ central banks' res...
Torsten Asmus/iStock via Getty Images Introduction In Part 1 of this series, we established a framework for measuring real asset appreciation after stripping out the effects of money supply expansion and showed that the U.S. dollar has lost between 37% and 66% of its purchasing power since October 2018 depending on the monetary measure applied. This second part applies that framework directly to t...
Torsten Asmus/iStock via Getty Images Introduction In Part 1 of this series, we established a framework for measuring real asset appreciation after stripping out the effects of money supply expansion and showed that the U.S. dollar has lost between 37% and 66% of its purchasing power since October 2018 depending on the monetary measure applied. This second part applies that framework directly to the U.S. assets most of us hold, the S&P 500, gold, silver, and real estate, and will even dive into Bitcoin to show what each is actually worth in 2018 inflation-adjusted terms and what the current rate of monetary expansion implies for where excess liquidity flows next. For each asset below there will be a chart from the Money Supply Inflation Calculator, which is a tool built by me to more easily display the nominal price, M2-adjusted price, True M1-adjusted price, and CPI-adjusted price of any asset from the October 2018 baseline. The visual divergence between the nominal line and the adjusted lines should prove to be more instructive than the numbers alone. The S&P 500: Real Gains, But Far Less Than You Think The S&P 500 closed October 2018 at approximately $2,711. As of May 2026, it trades at $7,230, a nominal gain of roughly 166.7%. This sounds like a very strong decade of performance, but it comes with the fastest rise of the US money supply in the nation's history, with True M1 rising approximately 195% and M2 rising 59% during the same period. Given this apparent dilution in the US dollar supply, once you run these equity gains through the debasement framework, the picture changes drastically. The SPX in May 2026 is worth approximately $7,259 in nominal terms. Once divided by 2018's 1.59x M2 Debasement Multiplier, the SPX is currently $4,562 in 2018 terms. Against a starting value of $2,924, that represents a real M2-adjusted gain of roughly 56% over nearly eight years, or approximately 6% annualized. That is a long way from the 148.2% headline figure. Rize Researc...
Aker ASA press release ( AKAAF ): Q1 Net Asset Value of Aker ASA and holding companies was NOK 110B at the end of the first quarter of 2026 (NOK 1,478 per share), up NOK 43B in the quarter. Nscale became Aker’s second largest asset, after Aker BP, at NOK 32B. Listed investments: NOK 77.2B Unlisted investments: NOK 45B More on Aker ASA Aker ASA 2026 Q1 - Results - Earnings Call Presentation Aker AS...
Aker ASA press release ( AKAAF ): Q1 Net Asset Value of Aker ASA and holding companies was NOK 110B at the end of the first quarter of 2026 (NOK 1,478 per share), up NOK 43B in the quarter. Nscale became Aker’s second largest asset, after Aker BP, at NOK 32B. Listed investments: NOK 77.2B Unlisted investments: NOK 45B More on Aker ASA Aker ASA 2026 Q1 - Results - Earnings Call Presentation Aker ASA (AKAAF) Q4 2025 Earnings Call Transcript Dividend scorecard for Aker ASA Financial information for Aker ASA
hapabapa JFrog ( FROG ) stock jumped above 17% on Thursday after hours as its Q1 results topped guidance, driven by strong cloud adoption and rising demand for software supply chain security products. Q1 revenue rose 26% Y/Y to $154M, beating estimates by $6.53M, while cloud revenue surged 50% to $78.9M and accounted for 51% of total revenue for the first time. GAAP net loss was $8.3M, or $(0.07) ...
hapabapa JFrog ( FROG ) stock jumped above 17% on Thursday after hours as its Q1 results topped guidance, driven by strong cloud adoption and rising demand for software supply chain security products. Q1 revenue rose 26% Y/Y to $154M, beating estimates by $6.53M, while cloud revenue surged 50% to $78.9M and accounted for 51% of total revenue for the first time. GAAP net loss was $8.3M, or $(0.07) per share, compared with non-GAAP diluted EPS of $0.27, ahead of analyst estimates. Non-GAAP operating income climbed to $32.9M with operating margin improving to 21.4% from 17.4% a year earlier. Customers with annual recurring revenue above $1M increased 48% Y/Y to 80, while customers spending more than $100,000 annually rose to 1,225. The company authorized a new share repurchase program of up to $300M and ended the quarter with $741.2M in cash, cash equivalents and investments. JFrog raised its fiscal 2026 outlook and now expects revenue between $628M and $632M, up from prior guidance of $623M to $628M (vs. consensus estimates of $630.99M), with non-GAAP EPS projected between $0.93 and $0.97 (vs. consensus estimates of $0.95). JFrog ( FROG ) gets a SA quant rating of Hold with 3.11 score and highest factor grades given to profitability. More on JFrog JFrog: The Hidden Infrastructure Play Powering The AI Code Explosion JFrog: Still More Premium To Burn As Growth Decelerates JFrog Ltd. (FROG) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript JFrog Non-GAAP EPS of $0.27 beats by $0.06, revenue of $154M beats by $6.53M JFrog Q1 2026 Earnings Preview
LY Holdings press release ( YAHOF ): FY Non-GAAP EPS of ¥28.73. Revenue of ¥2036.37B (+6.2% Y/Y). More on LY Corporation Cathie Wood's weekly recap: adds JOBY, CRSP, TEM, sells TER, TXG, CRCL Historical earnings data for LY Corporation Financial information for LY Corporation
LY Holdings press release ( YAHOF ): FY Non-GAAP EPS of ¥28.73. Revenue of ¥2036.37B (+6.2% Y/Y). More on LY Corporation Cathie Wood's weekly recap: adds JOBY, CRSP, TEM, sells TER, TXG, CRCL Historical earnings data for LY Corporation Financial information for LY Corporation