NVIDIA’s Ecosystem May Have Found a New Rising Star Pulling a Tesla’ in the $1T smartphone market. Invest today to secure shares this year! [adv] NVIDIA’s Ecosystem May Have Found a New Rising Star [sponsor] This tiny company is already generating revenue by delivering real compute-$20M in deals. With access to NVIDIA’s partner network, they’re…
By David Milliken LONDON (Reuters) -Bank of England policymaker Alan Taylor said on Monday that he voted for a half-point rate cut last week – in defiance of the majority on the Monetary Policy Committee – because of a “quite perilous” trade situation as well as weakening domestic demand. Last week the BoE voted 5-4…
(Reuters) -Perplexity AI is in advanced talks to raise $500 million in a funding round that would value the startup at $14 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. Venture capital firm Accel is set to lead the round, the report said. Perplexity did not immediately respond to…
By Ann Saphir (Reuters) – The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, reflecting strong tax receipts in the final month of the tax season and surging collections of import duties, the Treasury Department said on Monday. Treasury reported that net customs duties…
Market Briefing As we begin a critical stretch in the second full week of May, traders are navigating a landscape shaped by mixed economic signals and renewed volatility. Inflation remains sticky, with the spotlight firmly on Wednesday’s CPI release. Earnings season is winding down but still delivering market-moving moments, especially in retail and tech. Meanwhile,…
Elon’s “Area 51” Project Could Redefine the 21st Century Pulling a Tesla’ in the $1T smartphone market. Invest today to secure shares this year! [adv] Elon’s “Area 51” Project Could Redefine the 21st Century [sponsor] This isn’t a car… a rocket… or a new piece of software. What Elon Musk is quietly building inside his…
By Krishna N. Das and Charlotte Greenfield NEW DELHI/ISLAMABAD (Reuters) -India and Pakistan have stepped back from the brink of all-out war, with a nudge from the U.S., but New Delhi’s aspirations as a global diplomatic power now face a key test after President Donald Trump offered to mediate on the dispute over Kashmir, analysts…
By Emma Farge and John Revill GENEVA (Reuters) -U.S. Treasury Secretary Scott Bessent on Sunday reported “substantial progress” in U.S. talks with China’s top economic officials to de-escalate a damaging trade war, but offered no details of an agreement reached as two days of negotiations wrapped up in Geneva. Bessent told reporters that details would…
(Reuters) -OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant’s access to cutting-edge AI models, the Financial Times reported on Sunday. A critical issue is how much equity in OpenAI’s new for-profit business…
(Reuters) – Ukrainian President Volodymyr Zelenskiy responded guardedly on Sunday to a proposal from Russian President Vladimir Putin of rapid direct talks aimed at ending the war, saying Kyiv was willing to talk but only after Moscow agreed to a ceasefire. Putin made his proposal in a 1:30 a.m. (2230 GMT Saturday) televised statement from…
