Douglas Rissing The Federal Reserve may need to do more than simply drop its easing bias after years of above-target inflation, according to Yardeni Research. “A simple removal of the easing bias may not be enough,” Yardeni said, adding that after five consecutive years of inflation above the Fed’s 2% objective, policymakers may have to signal a willingness to raise rates again. Headline and core ...
Douglas Rissing The Federal Reserve may need to do more than simply drop its easing bias after years of above-target inflation, according to Yardeni Research. “A simple removal of the easing bias may not be enough,” Yardeni said, adding that after five consecutive years of inflation above the Fed’s 2% objective, policymakers may have to signal a willingness to raise rates again. Headline and core CPI show inflation has cooled sharply from its 2022 peak, but the disinflation process has stalled well above the pre-pandemic norm, per a Yardeni chart shared by Neil Sethi. Headline CPI was running at 3.8% year over year in April, while core CPI was up 2.8%, leaving both measures well above the Fed’s target zone, as the war in the Middle East sent energy prices soaring. Neil Sethi More on the U.S. Economy Treasury Premium Climbs Again, Fueled By Sticky Inflation Higher Inflation Is Becoming Baked Into Expectations Upside Chasing In Tech Stocks Surges To Covid Extremes What to know about Kevin Warsh, the newly confirmed Fed Chair Hot CPI and PPI reports ignite new inflation fears
BitFuFu ( FUFU ) said Thursday it held 1,812 Bitcoin at the end of April , up 18 BTC from March 31, 2026. The company produced 145 BTC during the period, including 113 BTC from cloud mining and 32 BTC from self-mining. The month-over-month decline in BTC production was primarily driven by (1) a power outage at the Ethiopia facility that reduced managed hashrate uptime and (2) lower third-party has...
BitFuFu ( FUFU ) said Thursday it held 1,812 Bitcoin at the end of April , up 18 BTC from March 31, 2026. The company produced 145 BTC during the period, including 113 BTC from cloud mining and 32 BTC from self-mining. The month-over-month decline in BTC production was primarily driven by (1) a power outage at the Ethiopia facility that reduced managed hashrate uptime and (2) lower third-party hashrate procurement following contract expirations, as the company adjusted purchasing levels in response to April Bitcoin price conditions to preserve profitability. Total hashrate under management: 22.4 EH/s, a month-over-month decrease of 13.5%. More on BitFuFu BitFuFu Inc. (FUFU) Q4 2025 Earnings Call Prepared Remarks Transcript BitFuFu: Attractive As Bitcoin Nears A Potential Inflection Point BitFuFu: Undervalued After A Full Operational Reset BitFuFu sees lowest short interest in April among small and microcap firms BitFuFu produces 214 bitcoin in March; holds 1,794 BTC
Investing.com -- Wolfe Research has reiterated its bullish stance on artificial intelligence chip stocks ahead of earnings season, raising estimates on Nvidia and Broadcom while naming Nvidia its top pick despite the stock's recent underperformance against peers.
Investing.com -- Wolfe Research has reiterated its bullish stance on artificial intelligence chip stocks ahead of earnings season, raising estimates on Nvidia and Broadcom while naming Nvidia its top pick despite the stock's recent underperformance against peers.
Photo: AI generated In a shift that could reshape the pharmaceutical market on the Chinese mainland, Shanghai is testing a new medical insurance reimbursement model that may reopen the door for brand-name drugs in public hospitals. Since May 1, the Shanghai Healthcare Security Administration has implemented a policy aligning insurance payments with the prices of drugs selected through the governme...
Photo: AI generated In a shift that could reshape the pharmaceutical market on the Chinese mainland, Shanghai is testing a new medical insurance reimbursement model that may reopen the door for brand-name drugs in public hospitals. Since May 1, the Shanghai Healthcare Security Administration has implemented a policy aligning insurance payments with the prices of drugs selected through the government’s 11th national volume-based procurement program. Under the new rules, the public insurance fund will reimburse drug costs only up to the price of the generic versions chosen in the procurement program. If patients opt for a more expensive medication, such as an imported original drug, the insurance will cover the baseline amount, leaving the patient to pay the difference out of pocket.
(RTTNews) - Iridium Communications Inc. (IRDM), a satellite communications company, on Thursday announced that it has agreed to acquire the remaining 61% of Aireon LLC, a provider of Aviation technology solutions for about $366.7 million, bringing the world's only space-based air
(RTTNews) - Iridium Communications Inc. (IRDM), a satellite communications company, on Thursday announced that it has agreed to acquire the remaining 61% of Aireon LLC, a provider of Aviation technology solutions for about $366.7 million, bringing the world's only space-based air
Tesla and SpaceX CEO Elon Musk attends a state banquet for US President Donald Trump and China's President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images Chinese President Xi Jinping told American CEOs travelling with President Donald Trump that the door to business in China will "open wider." "Xi said that U.S. companies are deeply i...
Tesla and SpaceX CEO Elon Musk attends a state banquet for US President Donald Trump and China's President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images Chinese President Xi Jinping told American CEOs travelling with President Donald Trump that the door to business in China will "open wider." "Xi said that U.S. companies are deeply involved in China's reform and opening up, and both sides have benefited from this," according to a report from state-backed newspaper Xinhua. "Noting that China's door will only open wider, Xi said China welcomes the United States to enhance mutually beneficial cooperation with China, and expressed belief that U.S. companies will enjoy even broader prospects in China." Tesla and SpaceX boss Elon Musk , Nvidia 's CEO Jensen Huang and Apple CEO Tim Cook were among the top technology executives who traveled with Trump to China. Trump introduced each of them to Xi one by one, Xinhua reported. "The U.S. entrepreneurs said that they attach great importance to the Chinese market, and hope to deepen their business operations in China and strengthen cooperation with China," the newspaper said. watch now VIDEO 14:22 14:22 Could business deals help the U.S. and China avoid Thucydides' Trap? Squawk Box Asia The White House, posting on X, appeared to reciprocate the sentiment around market access. "The two sides discussed ways to enhance economic cooperation between countries, including expanding market access for American businesses into China and increasing Chinese investment," The White House said in a statement on X . Xi's comments are a "a strong statement to world companies to continue to invest in China," George Chen, partner and co-chair of digital practice at The Asia Group, told CNBC. "I think the statement Xi made about opening up is not just for propaganda. China does need to remain attractive for foreign investments." AI in focus Both China and the U.S. are developing AI at...
There's a new player emerging in the world of artificial intelligence (AI) infrastructure. Over the last month, shares of Poet Technologies (NASDAQ: POET) have surged by more than 100% amid heavy trading volume and speculation about the company's future role in AI data centers. Is Poet poised to become the next big winner in AI infrastructure, or is this yet another hype-fueled meme narrative dest...
There's a new player emerging in the world of artificial intelligence (AI) infrastructure. Over the last month, shares of Poet Technologies (NASDAQ: POET) have surged by more than 100% amid heavy trading volume and speculation about the company's future role in AI data centers. Is Poet poised to become the next big winner in AI infrastructure, or is this yet another hype-fueled meme narrative destined for a sharp reversal? Continue reading
Volodymyr Zakharov/iStock via Getty Images The war in Ukraine is accelerating a broader shift in modern combat, where low-cost drones are increasingly replacing traditional battlefield roles once defined by human skill and endurance. Tasks that historically relied on specialized soldiers, including reconnaissance and precision targeting, are now being executed more quickly and efficiently by unman...
Volodymyr Zakharov/iStock via Getty Images The war in Ukraine is accelerating a broader shift in modern combat, where low-cost drones are increasingly replacing traditional battlefield roles once defined by human skill and endurance. Tasks that historically relied on specialized soldiers, including reconnaissance and precision targeting, are now being executed more quickly and efficiently by unmanned systems, The Wall Street Journal reported Thursday. Drones offer a combination of advantages that are difficult for human operators to match. They provide wider visibility, faster maneuverability and the ability to strike targets with minimal risk to personnel. Their relatively low cost also changes the economics of warfare, allowing forces to trade expendable equipment for missions that once carried significant human risk. Speed and efficiency redefine combat The integration of drones has dramatically compressed the timeline between detection and attack. Where traditional targeting methods could take several minutes and require coordination across multiple roles, drone operators can now identify and strike targets almost instantly. This shift reflects a broader trend toward real-time, data-driven warfare, where decision cycles are shortened and battlefield responsiveness becomes a decisive advantage. The result is a system that favors speed, automation and continuous surveillance over slower, human-dependent processes. Changing roles for traditional forces As drone capabilities expand, conventional roles such as snipers, artillery spotters and even armored units are being reassessed. Many of these functions are becoming less central or are being reconfigured to support drone operations instead. At the same time, the growing presence of aerial surveillance has made traditional tactics more dangerous. Persistent monitoring and thermal imaging reduce opportunities for concealment, increasing risk for soldiers operating close to enemy lines. Not a full replacement, but a r...
hapabapa Klarna ( KLAR ) stock climbed 5.6% in Thursday premarket trading after the fintech that offers consumers flexible financing options delivered stronger-than-expected Q1 adjusted operating profit as its provision for credit losses dipped from the prior quarter. It reaffirmed its 2026 guidance but issued weak Q2 The provider of buy now, pay later, or BNPL, financing expects Q2 revenue of $96...
hapabapa Klarna ( KLAR ) stock climbed 5.6% in Thursday premarket trading after the fintech that offers consumers flexible financing options delivered stronger-than-expected Q1 adjusted operating profit as its provision for credit losses dipped from the prior quarter. It reaffirmed its 2026 guidance but issued weak Q2 The provider of buy now, pay later, or BNPL, financing expects Q2 revenue of $960M-$1.00B (midpoint $980M vs. $1.06B consensus) and adjusted operating profit of $30M-$60M (midpoint $45M) vs. the Visible Alpha consensus of $48M and $68M reported in Q1 2026. Gross merchandise value, or GMV, is expected to increase to $35.5B-$36.5B vs. the Visible Alpha consensus of $37.9B, and transaction margin dollars, or TMD, of $375M-395M. For the full year, Klarna ( KLAR ) repeated its guidance for GMV exceeding $155B (vs. the Visible Alpha estimate of $156.1B), revenue exceeding 2.8% of GMV, TMD of over 1.04% of GMV, and adjusted profit margin topping 6.9% of revenue. Q1 GMV of $33.7B, missing the Visible Alpha estimate of $35.5B, increased 33% Y/Y, accelerating from the 32% Y/Y growth it clocked in Q4 2025. Fair Financing GMV grew 138% Y/Y vs. 165% growth in Q4. The revenue take rate for Q1 rose to 3.00% from 2.80% in Q4 and 2.77% in Q1 2025. Q1 adjusted operating profit of $68M, beating the $12M Visible Alpha estimate, jumped from $47M in the prior quarter and $3M a year ago. Q1 total revenue of $1.01B, topping the $943.9M consensus, decreased from $1.08B in Q4 (which includes the holiday shopping season) and climbed from $701M in last year's Q1. Transaction margin increased to 44% from 39% in the previous quarter and 9% in the year-ago quarter. Provision for credit losses dropped to $166M, vs. the $220M Visible Alpha estimate, from $250M in the previous quarter and increased from $136M in the year-ago period. Conference call at 8:30 AM ET. More on Klarna Klarna: Q1 Earnings Will Test The Profitability Narrative Klarna: A Mispriced Fintech Hidden Behind Accountin...
Sky-Blue Creative POET Technologies ( POET ) shares surged more than 24% in premarket trading on Thursday after it unveiled a deal with Lumilens for optical networking that could be worth $500M over the life of the agreement. Lumilens has placed an initial purchase order with POET for the manufacturing of electrical-optical interposer-based engines for $50M. The deal could eventually result in pur...
Sky-Blue Creative POET Technologies ( POET ) shares surged more than 24% in premarket trading on Thursday after it unveiled a deal with Lumilens for optical networking that could be worth $500M over the life of the agreement. Lumilens has placed an initial purchase order with POET for the manufacturing of electrical-optical interposer-based engines for $50M. The deal could eventually result in purchases worth $500M or more over a period of five years, POET said in a statement . In conjunction with the supply deal, POET granted a warrant to purchase up to 22.92M common shares. The warrant is exercisable over nine years at an exercise price of $8.25 per share. "GPU interconnects are emerging as the defining bottleneck for scaling AI, and addressing it requires rethinking the full optical stack — silicon, photonics, and packaging — together," said Lumilens CEO and founder Ankur Singla. "This joint development partnership with POET combines Lumilens' next-generation chipset and advanced optical manufacturing capabilities with wafer-level photonic integration to build a clear path to the performance, density, and economics that frontier AI deployments will demand over the next decade." “Our focus has always been on redefining the integration paradigm in photonics,” POET Chairman and CEO Dr. Suresh Venkatesan added. “This new EOI platform will allow us to jointly bring semiconductor-style manufacturing discipline to optical engines — delivering precision, scalability, and cost structure advantages that are essential for AI infrastructure at scale. Working jointly with Lumilens enables us to translate these capabilities into high-volume production and end-customer deployments for the next generation of AI data centers.” Engineering samples from the agreement are expected later this year and shipments to hyperscalers are expected to ramp in 2027. More on POET Technologies POET Technologies: The Human Element Slammed The Stock, But I'm Still At 'Buy' POET Technologies: A Val...