Asia-Pacific banks are increasing loan-loss provisions as the 11-week Iran war raises oil prices and credit risks. Australian lenders face the sharpest stock drops.
TSMC projects the chip market will hit $1.5T by 2030, driven by AI (55%). Capacity for A16/2nm chips will grow 70%, with massive expansion in Arizona and Japan.
Japan's 20-year bond yield hit 3.495%, the highest since 1997, amid high oil prices and a weak yen. Global inflation continues to pressure US and Asian markets.
The US faces dual housing and debt crises as mortgage rates hit 6.57% and student loan defaults reach 3.6 million. Rising inflation and geopolitical tension continue to squeeze American household budgets
Cisco cuts 4,000 jobs to pivot toward AI. With $9B in orders and shares up 16%, the focus shifts to high-speed data center networking and silicon.
Next week is headlined by NVIDIA's high-stakes earnings report on Wednesday, which remains the single most important catalyst for the global AI trade and broader market volatility. "Main Street" takes center stage as retail titans Walmart, The Home Depot, and Target provide a definitive pulse check on the health of the US consumer and the resilience of discretionary spending. Biggest Company
New Fed data shows 3.6M borrowers in default. Older Americans face the highest risk of wage garnishment as the Trump administration prepares to resume collections.
Meta is launching "Incognito Chat" for Meta AI on WhatsApp, ensuring private queries aren't stored or used for training. The feature is currently text-only.
Walmart is cutting 1,000 roles to simplify its structure. The retail giant is shifting to a unified tech platform to better compete with Amazon and Costco.
Starmer faces a leadership crisis as Health Minister Wes Streeting reportedly prepares to resign. The move threatens to trigger a contest and derail the 2026 agenda.
President Trump arrived in China with Nvidia's Jensen Huang to push for chip sales and trade wins. Separately, a Ukrainian drone sparked a fire at a Russian gas plant.
Trump and Xi meet in Beijing to discuss trade, Taiwan, AI, and the Iran war. Both seek economic wins while navigating deep strategic rivalry and mutual dependence.
For Take-Two Interactive, the pressure is uniquely intense because they have essentially bet the company's mid-term financial identity on this single launch. Management has signaled a massive "earnings inflection" for fiscal year 2027, with analysts projecting that net bookings could nearly double to over $8 billion or $9 billion once the game is fully integrated into their model. Take-Two's current
SoftBank posted a $12B quarterly profit, driven by its massive OpenAI stake. Meanwhile, French unemployment hit 8.1%, its highest level since 2021.
Porsche SE reported a €923M loss for Q1 2026, primarily due to a €1.3B write-down on its Volkswagen stake. Adjusted for one-offs, the holding earned €382M.
Swatch shareholders rejected activist Steven Wood's bid for a board seat, with 79.6% voting against. Despite 80.4% support from bearer shareholders, the Hayek family maintains control.
India raised gold and silver import duties from 6% to 15% to support the rupee and narrow its trade deficit. This hike follows record Q1 gold ETF inflows of 20 tons.
Tesla will invest $250M to more than double battery production at its Berlin plant. The expansion targets 18 GWh annually by 2027, boosting local jobs and supply.
OpenAI CEO Sam Altman testifies today in Elon Musk's lawsuit. The trial centers on claims that the firm abandoned its nonprofit roots for a for-profit AI mission.
Under Armour shares fell 12% after forecasting a fourth year of revenue decline. Weak North American demand and selective consumer spending have pushed profit estimates well below Wall Street targets.
The EU's top court ruled Meta must compensate Italian publishers for news snippets. This decision reinforces copyright protections and fair pay for media in the AI era.
The Vodafone-Three merger will inject £170m into UK high streets annually. By staying in every town, the dual-brand stores drive footfall that boosts local cafes and shops.
Michael Burry claims the market has jumped the shark. Warning of a dot-com style bust, he has taken short positions against tech stocks to brace for a reversal.
eBay rejected GameStop's $56 billion takeover bid on Tuesday, citing a lack of credibility and financing.