Zelensky Touts That 20 Countries Seek Ukraine Drone Deals Ukraine is emerging as a global drone export powerhouse, coming fresh off vast experience gained in over four years of war with Russia - or at least that's the image Kiev is seeking to present to the world. Ukrainian President Volodymyr Zelensky said Monday that nearly 20 countries are pursuing drone agreements with Ukraine , with four deals already finalized. via Reuters Agreements already confirmed include deals with Germany , Norway and the Netherlands , alongside ‌long-term security partnerships with Saudi Arabia, Qatar and the United Arab Emirates which were inked in late March as Zelensky personally toured the Gulf, even amid the ongoing Iran war, according to Reuters . Zelensky has been offering Ukraine's services and drone supplies to Gulf countries as a cheaper, effective alternative to dwindling and costly American-supplied anti-air defenses. "Nearly 20 countries are currently involved at various stages: 4 agreements have already been signed, and the first contracts under these agreements are now being prepared ," Zelensky has newly proclaimed on X. "Ukraine has ​already ⁠started to receive the necessary volume of fuel thanks to the agreements," Zelensky also stated. Interestingly, he's also of late been pitching being a supplier of battlefield robots, as we've detailed before . Starting in April, Zelensky had hailed that Ukrainian personnel were able to help partners build effective air defenses using interceptor drones to combat Iranian Shaheds. Low-cost interceptor drones deployed by Ukraine are among the most effective ways to combat the inexpensive $20,000 Shaheds, as a war of attrition makes little economic sense when interceptor missiles cost hundreds of thousands of dollars or more. Ukraine has had four years to develop low-cost one-way attack drones and interceptors during its war with Russia. Now, this technology is clearly being exported across multiple theaters in Eurasia. Zelensky did n...

watch now VIDEO 4:58 04:58 Nordic American Tankers CEO on strait: Both U.S. and Iran are harming themselves Squawk on the Street The oil market will take until 2027 to normalize if the disruption in the Strait of Hormuz persists beyond the middle of June, the CEO of the world's largest oil company warned Monday. "If the Strait of Hormuz opens today, it will still take months for the market to rebalance, and if its opening is delayed by a few more weeks, then normalization will last into 2027," Saudi Aramco CEO Amin Nasser told investors on the company's first-quarter earnings call. The U.S. and Iran do not appear any closer to a deal to end the war and reopen Hormuz. President Donald Trump said Monday the ceasefire with Tehran is on life support after he rejected its counterproposal to end the conflict. About 20% of the world's oil supplies passed through Hormuz before the war. Iran has managed to basically close the narrow sea lane, which connects the Persian Gulf to the global market, since early March. The biggest challenge facing the market is the disruption to the global tanker fleet, Nasser said. More than 600 ships, mostly oil and product tankers, are currently stuck in the Gulf, he said. Around 240 ships are waiting outside Hormuz, the CEO said. Some of these ships may leave to other places because they have been idling in the region for too long, Nasser said. The fleet is "mixed up" with some tankers deployed in the wrong places, the CEO said. Ships will need to be repositioned from certain parts of the world to normalize the supply chain, he said. "Even in the most optimistic scenario, energy and commodity supply chains will need several months to return to the pre-conflict traffic as vessels reroute or avoid being idle," Nasser said. The oil market will lose 100 million barrels of supply every week Hormuz remains closed, the CEO said. Just two to five ships pass through Hormuz daily right now compared with 70 vessels before the war, he said. The market ha...

(Bloomberg) -- The White House is inviting Tesla Inc.’s Elon Musk, Apple Inc.’s Tim Cook and Boeing Co.’s Kelly Ortberg and executives from other large companies to accompany President Donald Trump on his trip to China this week, according to an official. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Modi Asks Indians to Stop Buying Gol

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Key PointsWise made Nasdaq its primary listing on Monday, while keeping a secondary listing in London.

Earnings call transcript: Astera Labs beats Q1 2026 estimates, shares rise Investing.com

Source: Bloomberg, 4:52

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【有線新聞】深圳華強北是內地電子產業的基地，零件、設備齊全，以往來採購的多數是批發商，現在則多了要求「度身訂造」服務的客戶，當地商戶如何應對呢？ 「我想打造一款具備航拍功能的無人機，幫我出一個設計方案。」華強北最近增設了AI定制化工作室，客戶只要向AI「下單」，說出要求，幾分鐘內AI就會生成一份組裝教學，詳細列出所需配件，連供應商、價錢都能找到。 全球人工智能應用場景中心負責人周家豪：「可能一個團隊在此之前幾周或者幾個月的工作，現在幾分鐘就可以出現。華強北有11.5萬商戶，這套系統把這11.5萬商戶的基本信息進行了沉澱，通過AI調度工具，挖掘到商戶的具體情況，對貨品單價進行分析。」 有了報告，下一步便可交給外賣員在華強北採購。外賣員方洪堅：「拿個鏡頭。（有500萬的，有1,200萬的。）1,200萬的。」外賣員方洪堅：「無刷電機。（看看這個行嗎？）可以。拿個槳葉，無人機的槳葉。」不足一小時，外賣員便買齊所有配件，交給無人機店組裝。 一個多小時後，一架符合客戶特定要求的無人機試飛成功。無人機店老闆黃杰：「現在我們的配件多了，都是本地產的，可以滿足各樣各樣的一些定制化需求，產品的變化現在也豐富了，技術也提升了。」 工作室說有了人工智能，他們可做到即日打樣，第二日量產，一周出海。其他地方要複製這個模式難度好高，原因是華強北背後有完整的產業鏈支撐，才可以快速把AI設計實現。

Mourinho expected to return to Bernabéu Chelsea also keen on Silva, but Alonso is their first choice Benfica will target Fulham’s Marco Silva as their manager if they lose José Mourinho to Real Madrid. Mourinho is Madrid’s preferred choice and talks have taken place over the former Chelsea and Manchester United manager returning to the Bernabéu. Benfica do not want to lose the 63-year-old, who was hired last September , but need a contingency plan. They are looking at Silva as a potential replacement for Mourinho, who is expected to agree to a second spell at Madrid 13 years after his first ended. Continue reading...

The VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) has quietly become one of the better-performing income vehicles of the past year, returning 21% over the trailing 12 months and 8% year to date through May 7. With shares around $18.70 and a 30-day SEC yield in the 6.59% to 6.76% range, PFXF is doing exactly ... PFXF’s 6.7% Yield Is Safe—Unless This Credit Signal Flips First

Constellation Energy earnings surged 28% and revenue sharply accelerated. But the nuclear stock undercut key level.

Iran says it’s deployed small submarines to act as an “invisible guardian” of the Strait of Hormuz amid a series of rejected peace deals between Tehran and the US. The Islamic Republic has at least 16 of the Ghadir-class midget submarines, according to the International Institute for Strategic Studies. Each has a crew of fewer than 10 people and can carry either two torpedoes or two Chinese-designed C-704 anti-ship cruise missiles. But they are noisy compared with most modern submarines, according to a person familiar with the matter, who requested anonymity because of the sensitivity of the matter. Their crews also have limited experience and the vessels are known to have maintenance issues, the person said. Iran has effectively shut down the Strait of Hormuz, a strategic waterway through which about 20% of the world’s oil and liquefied natural gas used to travel, since the US and Israel first attacked on Feb. 28. Its decision to deploy the mini submarines, reported by the semi-official Tasnim news agency, came as US President Donald Trump told Fox News he was considering a revival of a plan to use the US military to escort ships. Read More: US, Iran Far Apart in Talks to End War and Reopen Hormuz Tehran has been able to exert control over Hormuz largely through the use, or simply the threat, of missiles and cheap drones, and the so-called midget submarines would likely serve a similar purpose. One challenge when deploying them effectively is geography: the Strait of Hormuz is only about 100 meters deep at the most. The Persian Gulf is not much deeper. That makes it harder for submarines to hide, even when stationary, because active sonar can spot unnatural objects. According to Tasnim, which is affiliated with the Islamic Revolutionary Guard Corps, the Ghadir is “specifically designed” for the waterway and its shallow depths. None of the Islamic Republic’s submarines have made an appearance in combat during the war, and its only operational full-size sub — a Sovie...

TomasSereda/iStock via Getty Images McEwen Copper ( MUX ) has signed an agreement with an unnamed international financial institution to manage a $2.4B ​loan package financing part of the Los Azules copper project in Argentina, ‌Reuters reported Monday. VP Michael Meding said the loan is part of a total $4B financing package for the project; he did not reveal the lender but said an announcement will come soon. Meding said McEwen ( MUX ) is targeting a 40-60 split between equity and ​debt for the $4B total, meaning $1.6B would be funded through equity. The executive also confirmed to Reuters that he is in talks with Rio Tinto ( RIO ), and is in talks with parent company McEwen Mining ( MUX ) and "several large North American, European, and Asian industrial groups" to secure the $1.6B financing. The company is also making steady progress toward a ~$300M IPO by the end of the year, Meding said. Los Azules plans to begin operations around 2029 or ​2030, with ⁠average production during the first five years of ~240K metric tons/year of copper cathodes. More on McEwen Mining McEwen Q1 2026 Earnings Call Transcript McEwen: Buy A World-Class Copper Project, Get Gold Upside For Free McEwen Presents at The 38th Annual Roth Conference - Slideshow

Palantir Technologies (PLTR) Is Down 5.6% After Strong Q1 Beat And Raised 2026 Outlook simplywall.st

Iren will take on debt in the wake of its new Nvidia partnership. One analyst said Monday’s stock drop is an overreaction.

Here are the stocks making headlines in midday trading. Trade Desk – Shares tumbled almost 7%, putting the advertising tech company on pace for a fourth negative day in a row. HSBC cut its rating on Trade Desk to reduce from hold and slashed its price target to $20 from $31, implying about 13% downside from Friday's close. Several Wall Street firms have downgraded the stock since the Trade Desk reported first-quarter earnings that missed expectations last week, along with disappointing guidance for the current quarter. Corning – Shares of the specialty glass and optical fiber company jumped 10%. Bank of America added Corning to its U.S. 1 List of top buy-rated investment ideas. Shares are on pace for a six-day winning run, surging since Nvidia announced it would invest up to $3.2 billion in Corning and partner with the company to open three new manufacturing plants focused on optical technologies. Chip stocks – Semiconductor stocks rose to start the week as investors continued their buying spree in the sector. The VanEck Semiconductor ETF (SMH) popped more than 1%, while Qualcomm surged 7% to touch a new 52-week high. Western Digital rose nearly 8%, while Nvidia gained 3%. Wendy's – The fast-food chain tumbled 6%. JPMorgan downgraded Wendy's to underweight from neutral, giving the stock a new price target of $6 and implying about 18% downside from Friday's close. The firm cited a "continued decline" in headline U.S. same-store sales trends and a "lack of direction" around Wendy's future as catalysts behind the downgrade. Lumentum — The stock rose nearly 5% on news it will join the Nasdaq 100 index. The company will replace CoStar on May 18. Monday.com — The software company gained 6% after it reported an earnings and revenue beat in its first quarter financial report. In a press release, the company said its launch of its AI platform helped its revenue grow 24% year-over-year to $351.3 million. Analysts polled by FactSet expected revenue to come in at $339.1 million...

Berger Montague PC Investigates Meta Platforms, Inc.'s Board of Directors for Breach of Fiduciary Duty (META) marketscreener.com

Hard decisions over a possible sale and future subsidies loom now full nationalisation is on the cards Full nationalisation of British Steel expected in king’s speech “One of the proudest things we have done in government,” said Keir Starmer in Monday’s big speech about the decision a year ago to recall parliament in order to take control of British Steel at Scunthorpe. It was an odd boast because last year’s action was merely an emergency exercise in saving the patient, as opposed to getting British Steel on its feet and out of the hospital. Taking control meant the Chinese owner, Jingye, could not turn off the two blast furnaces but meant the government was on the hook for operational losses, which will be £615m and counting by next month according to the National Audit Office (NAO). Continue reading...

Bill Pugliano/Getty Images News General Motors ( GM ) is letting go of as many as 600 white-collar employees amid an effort to transform its information technology department to “better position the company for the future,” Bloomberg reported Monday. According to sources, the automaker began informing impacted IT employees Monday morning. Although the company did not specify the number of layoffs, it confirmed that job cuts have been initiated. The reduction in its IT workforce is just the latest round of job cuts at the company as it deals with sluggish demand for its electric vehicles, a costly union contract, expenses associated with repatriating its manufacturing footprint, and higher raw material and supply chain costs that could trim GM’s operating profit by $2B due to a protracted close of the Strait of Hormuz. GM ( GM ) shares are down 4% on Monday. More on General Motors General Motors: Guidance Raise, 10% EBIT Margins, Cheap GM Q1 Earnings Blowout: Top Auto Stock EPS Growth Hits 33% General Motors Shows Resilience But Auto Industry Remains Complicated General Motors Financial Success Detroit automakers warn commodity spike could add $5B in costs

The poor breadth in the stock market is starting to worry investors. The S & P 500 rose to all-time highs on Monday, climbing above 7,400 as artificial intelligence continued to push the broader index farther above its March low; stocks are up more than 17% since falling to 6,316.91 on March 30. Memory stocks, especially, have been on a tear, with shares of Micron Technology more than doubling, up roughly 140%, over the same span. Take a look at the action beneath the surface, however, and the lack of participation outside of technology is concerning technical analysts. Friday, for example, was the first time over the last 30 years that the S & P 500 closed more than 7% above its 50-day moving average and not even 55% of its components were above their 50-day average, according to BTIG. The 50-DMA tracks near-term trends in a stock price. Usually, the percentage of companies in the S & P 500 that are above their 50-DMAs when the index is more than 7% above its own 50-DMA, has been 86%, on average, BTIG said. On Friday, the S & P 500 was higher by 7.7% on a headline basis, but just 52% of its members topped the same measure. More lows than highs Even more worrying, Friday was only the third time since 1990 that the S & P 500 made a new high when there were more new lows than highs, BTIG found. The two other times both came in December 1999, three months before the dot-com bubble peaked the following March. "Even if the tech/AI price action is justified, there is a difference between tech leading when most stocks are going up, and semis going parabolic when most non-tech stocks are moving sideways or lower," Jonathan Krinsky, chief market technician at BTIG, wrote on Sunday. "Perhaps the market is simply taking its time before we see the long-awaited broadening, but if we keep seeing 52-week lows expand, it's more likely we see tech 'catch-down' as opposed to the average stock 'catch-up,'" Krinsky added. Krinsky isn't the only one noting the market erosion. Jason Goep...

In this article GM Follow your favorite stocks CREATE FREE ACCOUNT The General Motors global headquarters in Detroit, Jan. 12, 2026. Jeff Kowalsky | Bloomberg | Getty Images DETROIT – General Motors is laying off hundreds of salaried employees in its information technology operations as the automaker reevaluates its workforce needs and aims to cut redundancies, CNBC has learned. The reductions began Monday and will largely impact about 500 to 600 employees in Austin, Texas, and Warren, Michigan, according to a person familiar with the plans. GM confirmed the cuts, which were first reported by Bloomberg News, but declined to give specific details about the actions. This is breaking news. Please check back for additional details. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

Redesigned Thelio Major Elevates System76's All-AMD, Open-Source Linux Workstation: More Performance, Much Improved Thermals Review Phoronix

Riocool/iStock Editorial via Getty Images Writing about Oshkosh Corporation ( OSK ) in February, I thought this machinery manufacturer offered some at-risk upside from improving construction markets and opportunities in vocational markets. So far this year, the "at risk" part has been more relevant than the upside, as Oshkosh shares are down about 10% since that last article , lagging a mid-single-digit improvement in the broader industrial space and a double-digit move at Terex ( TEX ). A weak first quarter puts a lot of pressure on the company to deliver much stronger results in the second half of the year, and heavily back-end-weighted guidance is always a risk. Moreover, while there are areas of strength in non-residential construction (especially data centers, power, and electronics manufacturing), the market is tentative overall and sensitive to elevated rates and input costs. I’m still bullish on Oshkosh, but this is definitely more of a "show me" story for the remainder of 2026, and one where an improvement in the macro outlook (particularly regarding rates and costs) would be helpful. Weak Volumes Undermine Q1 Results Although Oshkosh did manage to beat top-line sell-side expectations in its first quarter , overall results were disappointing, with unexpected weakness in margins driving a meaningful EPS miss. Revenue rose slightly on a reported basis, beating by 1%, but down slightly on a constant currency basis. The Access business saw weaker volumes drive a 3% constant currency revenue contraction, but that was still enough to drive a roughly 14% beat versus the Street. Vocational sales declined 5%, hurt by weaker deliveries in the fire business, and missed by 12%. The Transport business grew 11% on strong deliveries for the USPS program, but results were still a bit weaker than expected. Gross margin declined almost four points to 13.5%, with weaker volumes and higher input costs driving much of the weakness. All segments saw weaker gross margins , with A...

Taobao users may soon shop by chatting with Alibaba's AI agent.