The dollar index (DXY00) fell from a 6-week high today and is down by -0.09%. The dollar gave up an early advance today and moved lower after crude oil prices fell by more than -2%, which lowered inflation expectations and could prompt the Fed to ease monetary policy, a negative for the dollar. Also, today's stock rally has reduced liquidity demand for the dollar. The dollar initially moved higher...
The dollar index (DXY00) fell from a 6-week high today and is down by -0.09%. The dollar gave up an early advance today and moved lower after crude oil prices fell by more than -2%, which lowered inflation expectations and could prompt the Fed to ease monetary policy, a negative for the dollar. Also, today's stock rally has reduced liquidity demand for the dollar. The dollar initially moved higher today on an increase in safe-haven demand after President Trump threatened to resume strikes on Iran in the coming days as part of the push for a deal to end the war. Swaps markets are discounting the odds at 7% for a 25 bp rate cut at the next FOMC meeting on June 16-17. Join 200K+ Subscribers: EUR/USD (^EURUSD) recovered from a 6-week low today and is up +0.12%. Short covering emerged in the euro today after the dollar gave up an early advance and turned lower. The euro also rose today after crude oil prices fell more than -2%, which is bullish for the Eurozone economy and the euro, as Europe imports most of its energy needs. ECB Governing Council member Pierre Wunsch said, "If the Iran conflict isn't resolved by June, then I think the likelihood of an ECB rate hike is quite high." Swaps are discounting an 83% chance of a +25 bp rate hike by the ECB at the next policy meeting on June 11. USD/JPY (^USDJPY) today is down by -0.09%. The yen is slightly higher today amid lower T-note yields. Also, today's -2% fall in crude oil prices benefits Japan's economy and the yen, as Japan imports more than 90% of its energy. In addition, the yen found support on comments today from Japanese Finance Minister Satsuki Katayama, who indicated her resolve to intervene in the foreign exchange market to support the yen. The closer the yen falls to 160 per dollar, the greater the likelihood of Japanese authorities intervening in forex markets to prop up the yen, as they have done several times recently when the yen fell below that level. Japanese Finance Minister Satsuki Katayama said, "We h...
In this article @CL.1 @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT Cracking towers stand beside access roads at the Ruwais refinery and petrochemical complex, operated by Abu Dhabi National Oil Co. (ADNOC), in Al Ruwais, United Arab Emirates. Bloomberg | Bloomberg | Getty Images U.S. crude oil prices fell more than 4% on Wednesday after President Donald Trump said talks with Iran are in ...
In this article @CL.1 @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT Cracking towers stand beside access roads at the Ruwais refinery and petrochemical complex, operated by Abu Dhabi National Oil Co. (ADNOC), in Al Ruwais, United Arab Emirates. Bloomberg | Bloomberg | Getty Images U.S. crude oil prices fell more than 4% on Wednesday after President Donald Trump said talks with Iran are in the final stages. West Texas Intermediate futures fell nearly 5% to $99.08 per barrel by 12:01 p.m. ET. International benchmark Brent futures lost 5% to $105.64 per barrel. Trump said earlier in the week that he called off renewed military strikes against Iran to give more time for diplomacy at the request of Gulf Arab allies. The president told reporters earlier Wednesday that the administration was in the "final stages" of negotiations with Iran, according to a pool report. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
MoMo Productions/DigitalVision via Getty Images Summary I gave a hold rating to CDW Corp ( CDW ) in February this year as I saw no immediate catalyst that could lead to the business re-accelerating top-line growth. The Q1 2026 results showed good revenue performance, with Corporate recovering and Financial Services showing strong AI inferencing-related demand. However, I am staying hold rated beca...
MoMo Productions/DigitalVision via Getty Images Summary I gave a hold rating to CDW Corp ( CDW ) in February this year as I saw no immediate catalyst that could lead to the business re-accelerating top-line growth. The Q1 2026 results showed good revenue performance, with Corporate recovering and Financial Services showing strong AI inferencing-related demand. However, I am staying hold rated because the quality of growth was not strong enough. Hardware drove the quarter, while netted-down revenue was flat and margins moved lower. Until CDW shows that growth can translate into better mix and stronger profit margins, I do not see a positive re-rate happening soon. Earnings results update CDW’s 1Q26 was a stronger revenue quarter, but not a clean earnings quarter. Net sales were up ~9% y/y to $5.68 billion, with the growth mainly driven by hardware demand. Hardware grew 10% y/y, driven by >20% y/y growth across networking, servers, and storage. On the other hand, software grew 11% y/y. Services were roughly flat. Segment performance was mostly positive. Commercial grew ~10% y/y, and within Commercial, Corporate grew ~8% y/y, Financial Services grew ~28% y/y, and Healthcare grew ~5% y/y. Financial Services was obviously the best-performing sub-segment as demand there was tied to storage and servers for AI inferencing. Government grew ~5% y/y while Education grew 2.5% y/y. Other revenue, which includes the UK and Canada, grew ~18% y/y. Margins were less attractive. Gross margin contracted by 60 bps y/y to 21% as customers prioritized hardware and licensed software. This mix effect dragged adj. EBIT margin down to 8%, vs. 8.5% last year. As a result, adj. net income only came in at $295 million. Corporate segment As noted in my previous update, the Corporate segment is what kept me neutral. Good news is that we see signs of recovery. Corporate grew 8% y/y in Q1, which marked a solid acceleration vs. the -0.6% y/y in Q4 2025. The issue is that this recovery was not clean....
sitox Bloom Energy ( BE ) up 10.9% in Wednesday's trading after artificial intelligence infrastructure provider Nebius ( NBIS ) disclosed it entered into a fuel cell capacity agreement with the company worth as much as $2.6B in total monthly services fees. In a 6-K filing , Nebius ( NBIS ) said on May 14 it entered into a master fuel cell capacity agreement and related system orders with Bloom Ene...
sitox Bloom Energy ( BE ) up 10.9% in Wednesday's trading after artificial intelligence infrastructure provider Nebius ( NBIS ) disclosed it entered into a fuel cell capacity agreement with the company worth as much as $2.6B in total monthly services fees. In a 6-K filing , Nebius ( NBIS ) said on May 14 it entered into a master fuel cell capacity agreement and related system orders with Bloom Energy ( BE ) in which it will purchase the capacity and associated electricity generated by the power supply systems, and Bloom will install, operate and maintain the power supply systems. The power capacity being provided under the agreement is expected to come in three phases, each with a supply term of 10 years, and is expected to provide in the aggregate for guaranteed capacity of ~250 MW and system installed capacity of ~328 MW. More on Nebius and Bloom Energy Nebius: 45% Margins Don't Justify A 16x Sales Multiple Nebius Group Q1 Earnings: Margin And Unearned Revenue In Focus Bloom Energy: Oracle, Brookfield, And The Path To Upside
An Eritrean asylum seeker who was due to be forcibly removed to France today under the “one in, one out” scheme has had his ticket cancelled after making a serious attempt on his life, the Guardian understands. Other detainees said they believed he had made an attempt on his life because he feared he would be in danger in France due to his specific circumstances had he been forcibly returned there...
An Eritrean asylum seeker who was due to be forcibly removed to France today under the “one in, one out” scheme has had his ticket cancelled after making a serious attempt on his life, the Guardian understands. Other detainees said they believed he had made an attempt on his life because he feared he would be in danger in France due to his specific circumstances had he been forcibly returned there. He was discovered yesterday by his cellmate, who raised the alarm. He is now on round-the-clock suicide watch in detention. Under the terms of a treaty agreed last August between the UK and France, one asylum seeker who arrives in the UK on a small boat from France is returned in exchange for a person who has not tried to cross the Channel. According to the Home Office, 605 people had been returned to France as of 28 April, and 581 had been brought to the UK. On 9 May, 196 people crossed the Channel in three boats. Incidents of self-harm are not uncommon among detainees, and asylum seekers often have a history of trauma. With previous self-harm or suicide attempts among those due to be removed under “one in one out”, many have subsequently been deemed fit to fly. In one recent case, a man had self-harm scars all over his body and was bandaged up and put on a plane. Home Office officials said that after a medical assessment he had been deemed fit to fly. One detainee, who witnessed the incident on Tuesday, said: “We think the man had been in detention for 17 or 18 days. When he found out he had been given a ticket for France he said he felt so emotionally tired after everything he had been through. We think that is why he tried to end his life. We feel so sorry about what happened to him. We are all in the same situation, but we don’t want to see anyone end their life over being sent to France.” Emma Ginn, the director of the charity Medical Justice, which supports immigration detainees, said: “Of 20 of our clients detained for ‘one in, one out’ assessed by our independent...
US equity indexes rose ahead of Nvidia's (NVDA) quarterly earnings and minutes of the Federal Reserv Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
US equity indexes rose ahead of Nvidia's (NVDA) quarterly earnings and minutes of the Federal Reserv Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
Key Points Interested in Tesla, Inc.? Here are five stocks we like better. Tesla has just produced its final Model S and Model X vehicles, making clear just how dramatically the company's ambitions have shifted. With FSD growth accelerating, robotaxi expansion underway, Optimus production imminent, and energy storage gaining ground, the bull case has never been more diversified, or more dependent ...
Key Points Interested in Tesla, Inc.? Here are five stocks we like better. Tesla has just produced its final Model S and Model X vehicles, making clear just how dramatically the company's ambitions have shifted. With FSD growth accelerating, robotaxi expansion underway, Optimus production imminent, and energy storage gaining ground, the bull case has never been more diversified, or more dependent on flawless execution. Analysts have been cooling on the stock, and with Tesla trading at a stretched multiple, investors are being asked to take a significant leap of faith in a transformation that's still very much in progress. Last week, it was reported that Tesla Inc (NASDAQ: TSLA) had produced its final Model S and Model X vehicles at its Fremont, California factory, drawing the curtain on 14 years of Model S production and 11 years of Model X production. It won’t have come as a big surprise, given CEO Elon Musk had guided that this would happen back in January, describing the two models as being due for an "honorable discharge," but seeing it actually happen is something else. For a company built on the back of those vehicles, it's the kind of milestone that gives pause for thought. And yet, the more you look at what Tesla is pivoting toward, the harder it becomes to frame this as anything other than a deliberate and confident bet on the future. The Fremont factory, for example, isn't just going dark. Tesla plans to convert it into an assembly plant for Optimus, its much-lauded humanoid robot project, with Musk suggesting recently that production could begin before the end of the year. That’s a pretty clear message to send, and it effectively says that Tesla is going all-in on its next growth chapter. However, with the stock currently trading back below $410 as it fights to hold onto its gains over the past six weeks, investors are right to wonder what all this means for Tesla’s prospects. This pivot isn’t exactly new news either—so has it already been priced in, or i...
hapabapa/iStock Editorial via Getty Images Morgan Stanley ( MS ) has introduced a policy for mobile device usage in China, Reuters reported , citing a source with direct knowledge of the matter. The banking giant has asked its Hong Kong-based bankers to carry new devices issued exclusively for business travel to mainland China, the Wednesday, May 20 report noted. The move is said to come as com...
hapabapa/iStock Editorial via Getty Images Morgan Stanley ( MS ) has introduced a policy for mobile device usage in China, Reuters reported , citing a source with direct knowledge of the matter. The banking giant has asked its Hong Kong-based bankers to carry new devices issued exclusively for business travel to mainland China, the Wednesday, May 20 report noted. The move is said to come as companies with cross-border workforce tighten data security. Morgan Stanley did not give staff a reason for the policy, which was introduced only for device usage in China, the source reportedly said. Some of the Wall Street bank's investment bankers frequently travel to China for client and due diligence meetings, according to the newswire. More on Morgan Stanley Morgan Stanley: Impressive Q1 But Valuation Remains Hot Wall Street Lunch: Trump Threatens To Fire Fed Chief Powell Morgan Stanley (MS) Q1 2026 Earnings Call Transcript Regulators delay cyber tests for banks to give time to strengthen systems against AI threat - report US regulators set to revamp CAMELS ratings process for banks - report
黃雨｜凌晨一度發紅雨 歷時逾兩句半鐘 當局清理七宗水浸報告 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】黃色暴雨警告生效，天文台凌晨一度發出紅色暴雨警告及新界北部水浸報告，當局完成清理七宗水浸報告。 暴雨警告期...
黃雨｜凌晨一度發紅雨 歷時逾兩句半鐘 當局清理七宗水浸報告 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】黃色暴雨警告生效，天文台凌晨一度發出紅色暴雨警告及新界北部水浸報告，當局完成清理七宗水浸報告。 暴雨警告期間，上水、打鼓嶺、坪輋、石崗及沙頭角一帶滂沱大雨，在粉錦公路部分路段出現輕徵水浸，駛經的車輛要減慢車速。天文台在凌晨2時40分發出紅色暴雨警告，歷時逾兩句半鐘，期間新界北部雷電交加，龍躍頭交匯處行人天橋雨水不斷從天花瀉下。渠務署接獲七宗水浸報告，出動排水機械人「龍吸水」協助清理全部積水。
InterDigital, Inc. IDCC has been benefiting from solid momentum in its licensing business. Strong renewals, new agreements and continued traction across smartphone, consumer electronics and video licensing markets are primarily driving this growth. IDCC reported first-quarter 2026 revenues of $205.4 million, which exceeded the top end of management’s guidance. Smartphone annualized recurring reven...
InterDigital, Inc. IDCC has been benefiting from solid momentum in its licensing business. Strong renewals, new agreements and continued traction across smartphone, consumer electronics and video licensing markets are primarily driving this growth. IDCC reported first-quarter 2026 revenues of $205.4 million, which exceeded the top end of management’s guidance. Smartphone annualized recurring revenues reached a record $492 million in the quarter, while total annualized recurring revenues increased 13% year over year to $567.2 million. The company also stated that the total contract value signed since 2021 has reached approximately $4.7 billion, improving long-term revenue visibility and supporting future monetization opportunities. InterDigital’s licensing momentum is being supported by its “IP-as-a-Service” business model. The company invests heavily in foundational research across wireless, video and AI technologies and monetizes those innovations through patent licensing agreements. During the quarter, it inked six new agreements, including a renewal with Xiaomi and a new licensing agreement with LG Electronics. The Xiaomi renewal has significantly strengthened IDCC’s position in the smartphone licensing market. IDCC has stated that it now has eight of the top 10 global smartphone manufacturers under license, covering nearly 85% of the market. The company also renewed its agreement with Sony and added new agreements with Buffalo Americas. Apart from smartphones and consumer electronics, InterDigital is witnessing traction in newer verticals such as IoT. It has signed a new IoT patent license agreement with a fintech company in the payments ecosystem. Other Tech Firms With Licensing Momentum Qualcomm Incorporated QCOM remains one of the strongest IP licensing companies globally through its QTL (Qualcomm Technology Licensing) segment. The company benefits from 5G smartphone royalties, automotive connectivity and IoT licensing. In the second quarter, Qualcomm Technol...
Nickbeer/iStock via Getty Images Company Overview Oklo Inc. ( OKLO ) is an advanced nuclear company that is focused on fast fission power plants, nuclear fuel recycling, and radioisotopes production. The business is integrated across three connected units. These units are Power, Fuel and Isotopes. Power is the anchor, while Fuel is the enabler, and Isotopes are the additional high-value product li...
Nickbeer/iStock via Getty Images Company Overview Oklo Inc. ( OKLO ) is an advanced nuclear company that is focused on fast fission power plants, nuclear fuel recycling, and radioisotopes production. The business is integrated across three connected units. These units are Power, Fuel and Isotopes. Power is the anchor, while Fuel is the enabler, and Isotopes are the additional high-value product line. OKLO Q1 2026 Earnings Presentation OKLO is trying to control more of the nuclear value chain than a typical power developer. The screenshot below shows a closed fuel cycle model where fuel can be recycled multiple times, while recovered materials can support isotopes production. This matters because fuel supply is one of the bottlenecks in advanced nuclear. If Oklo can prove its fuel fabrication and recycling path, the company can reduce future fuel supply risk and capture economics beyond power generation. OKLO Q1 2026 Earnings Presentation Investment Thesis I am rating OKLO a Buy for a couple of reasons. First of all, recently , I have been focusing on a couple of names that I believe are trying to solve the AI power constraint. Well, I got some ideas that can be found here , here , here , and here . In one of these ideas, I have said that the market has spent the last couple of years pricing GPUs, networking, memory, and data center construction. But the next constraint is more physical. It is due to the fact that AI workloads need electricity that is available all the time, 24/7. And not only when the wind blows or when the sun is generous. I believe this is where OKLO becomes interesting. This is because the company is trying to build a vertically integrated nuclear platform across power generation, fuel fabrication, fuel recycling, and isotopes. The reason I am comfortable with a Buy rating is that OKLO is not just selling a future story. It has started to convert the story into measurable development assets. The company has Aurora-INL at 75 MW, Aurora-Ohio at 1.2...
Exclusive: Meta CEO tells employees he does not expect more company-wide layoffs this year Reuters Meta Begins 8,000 Global Job Cuts in AI Efficiency Push Bloomberg Meta begins cutting thousands of jobs amid AI push Austin American-Statesman Meta shifts 7,000 workers into AI roles as layoffs, manager cuts loom Fox Business Meta Begins 8,000 Global Job Cuts in Asian Hub of Singapore Yahoo Finance M...
Exclusive: Meta CEO tells employees he does not expect more company-wide layoffs this year Reuters Meta Begins 8,000 Global Job Cuts in AI Efficiency Push Bloomberg Meta begins cutting thousands of jobs amid AI push Austin American-Statesman Meta shifts 7,000 workers into AI roles as layoffs, manager cuts loom Fox Business Meta Begins 8,000 Global Job Cuts in Asian Hub of Singapore Yahoo Finance Meta layoffs starting this week stress harsh AI reality inside Zuckerberg’s company CNBC Meta Platforms begins new round of layoffs affecting ~8,000 employees Seeking Alpha Meta layoffs: 4am email ‘horror’ starts from … The Times of India Meta Platforms Restructures Workforce To Prioritize AI And Test Valuation Gap Yahoo Finance
Authorities in Texas have removed a Tesla Cybertruck from a lake after the driver intentionally drove into it in an attempt to try the vehicle’s “wade mode.” On Tuesday, the Grapevine police department announced the vehicle’s recovery from Katie’s Woods Park Boat Ramp, adding that the “driver stated he intentionally drove into the lake to use the Cybertruck’s ‘wade mode’ feature”. Police said the ...
Authorities in Texas have removed a Tesla Cybertruck from a lake after the driver intentionally drove into it in an attempt to try the vehicle’s “wade mode.” On Tuesday, the Grapevine police department announced the vehicle’s recovery from Katie’s Woods Park Boat Ramp, adding that the “driver stated he intentionally drove into the lake to use the Cybertruck’s ‘wade mode’ feature”. Police said the vehicle became disabled and took on water, prompting the driver and passengers to abandon it before calling for help. A picture posted online showed a half-submerged silver Cybertruck near the lake’s shoreline. The driver has since been arrested on charges of operating a vehicle in a closed section of a park or lake, as well as several water safety equipment violations. “We want to remind drivers that although a vehicle may be physically capable of entering shallow freshwater areas, doing so can create legal and safety concerns under Texas law,” Grapevine police said. “Wade Mode” allows the vehicle to “enter and drive through bodies of water, such as rivers or creeks”, according to Tesla’s Cybertruck manual. The maximum wade depth is approximately 32in, measuring from the bottom of the tire. “Wade Mode defaults the vehicle’s ride height to Very High and protects Cybertruck for up to approximately 32in (815mm) of water, driving at slow speeds (1-3mph or 2-5 km/h). As water depth changes, reduce your vehicle speed accordingly. Do not disable Wade Mode until your vehicle is fully out of water,” the manual said. It says that to enable the feature, drivers must ensure that all doors and windows are fully closed and that the vehicle’s speed is less than 20 mph. The manual also warned that it is the drivers’ responsibility to gauge the depth of any body of water before entering and that the truck may sink in soft or muddy underwater surfaces.
Shares of Advanced Micro Devices (NASDAQ:AMD) are up 8% in midday trading on Wednesday, leading the large-cap chip complex. The stock is bouncing off a soft week, with AMD shares having pulled back 8% over the prior five sessions before today’s surge. Intel (NASDAQ:INTC) is also higher, up 6.5% intraday after reports of talks to ... AMD Is Up 8% Today: Is It Outperforming Other Chip Stocks Like In...
Shares of Advanced Micro Devices (NASDAQ:AMD) are up 8% in midday trading on Wednesday, leading the large-cap chip complex. The stock is bouncing off a soft week, with AMD shares having pulled back 8% over the prior five sessions before today’s surge. Intel (NASDAQ:INTC) is also higher, up 6.5% intraday after reports of talks to ... AMD Is Up 8% Today: Is It Outperforming Other Chip Stocks Like Intel and NVIDIA?