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Cerebras prices IPO above expected range, as Wall Street braces for AI tsunami
Cerebras Systems went public at $185 a share, raising $5.55 billion and valuing the chip‑maker at $56.4 billion, a move that fuels the AI‑driven silicon rally on the Nasdaq. The IPO arrives as OpenAI
Cisco's stock pops 17% on surging AI orders, as company says it's cutting almost 4,000 jobs
Cisco's earnings beat and a surge in AI infrastructure orders drove its stock up 17% in after‑hours trading. The company also announced a modest workforce reduction of under 4,000 jobs while forecasti
Cisco Jumps 13% as Q4 Guidance Tops Estimates by $1B
Cisco shares jumped in extended trading Wednesday after the networking giant's Q4 revenue guidance exceeded analyst estimates by nearly $1 billion, driven by accelerating AI infrastructure demand.
Myriad Deploys Chainlink for Real‑Time Crypto Markets
Myriad has partnered with Chainlink to power its crypto prediction markets, launching four markets for BTC, ETH, BNB and SOL and laying the groundwork for future equities and commodities markets. The
Hyperliquid Whale Shorts $70M Bitcoin & Tech Tokens
A Hyperliquid whale has turned bearish, opening a $70 million short across Bitcoin, crypto, and tech‑linked synthetic tokens. The trade comes as oil prices surge above $100 per barrel amid the Iran wa
Dow Falls, S&P 500 & Nasdaq Hit Record Highs
On May 13, 2026, the Dow Jones slipped while the S&P 500 and Nasdaq both closed at fresh record highs, buoyed by a rebound in tech shares and hotter‑than‑expected PPI inflation numbers. The mixed mark
US-Based Numero Acquires Royu To Expand Its AI Finance Platform
While recent coverage has centered on India's delayed women's quota, Inc42 is turning the spotlight on entrepreneurship, launching three intensive programs—D2CX, ManagementX, and D2CX Foundations—to e
Warsh Confirmed as Fed Chair, 54-45
Kevin Warsh was confirmed as the 17th Federal Reserve chair by a 54-45 Senate vote on Wednesday, taking over Friday from Jerome Powell amid resurgent inflation and unprecedented political pressure on
Bitcoin Targets $90K After CLARITY Act Vote
Bitcoin, trading near $76,000, is poised for a rapid climb to $90,000 after the Senate’s CLARITY Act vote, according to MN Capital’s Michaël van de Poppe. On‑chain metrics show a five‑day stretch of z
Cathie Wood’s flagship fund is largely missing out on a booming tech-fueled bull run - MarketWatch
Cathie Wood’s flagship ARK fund is lagging behind the broader tech rally, yet she continues to champion AI, spotlighting three top AI stocks and keeping Palantir as a core bet into 2026. Her latest li
Bank of Canada Holds Rate, Flags Oil & CAD
The Bank of Canada kept its benchmark rate steady in late April while flagging the Iran war, oil‑price swings, and the CAD‑USD exchange rate as key variables for future tightening. Governor Tiff Mackl
US 10-Year Treasury Yield Hits July High After Hot PPI
A hotter‑than‑expected Producer Price Index pushed the U.S. 10‑year Treasury yield to its highest level since July, sparking a bond sell‑off and fueling expectations of another Federal Reserve rate hi
Kennedy Backs Senate Clarity Crypto Bill
Kennedy has pledged support for the Senate’s crypto legislation, the Clarity Act, as lawmakers prepare for a hearing. The bill’s text outlines new stablecoin rules, and over 100 amendments targeting s
Bank of Canada Finds No Widespread AI Job Losses
The Bank of Canada finds no clear evidence that AI has yet driven large‑scale job losses, though it notes early productivity gains and warns that younger workers in entry‑level coding and customer ser
India doubles gold, silver duty, cuts convoy sizes
India’s Union government has doubled import duties on gold and silver after Prime Minister Modi’s appeal, while BJP leaders have trimmed convoy sizes. The moves come as the West Asia crisis deepens, s
Anthropic, OpenAI PreStocks drop >30% after SPV warning
Anthropic and OpenAI warned that the Solana‑based PreStocks tokens backing their private shares are invalid, triggering a roughly 40% plunge in token prices and exposing thin liquidity and missing att
Global Markets Mixed as US Futures Fall, Tech Rally
Global markets are jittery: U.S. futures dropped even as AI‑driven tech stocks surged, while investors in Asia grapple with the fallout from President Trump’s China visit and rising Iran tensions. The
Vietnam eyes Q3 launch for regulated crypto asset market: Report
Vietnam, now Asia’s third‑largest crypto hub with $200 bn of on‑chain activity, still relies heavily on offshore exchanges. To shift trade onto domestic platforms, the government launched a five‑year
Trump‑Xi Meeting, Cisco Earnings, PPI Data Move Markets
U.S. equity futures are on the rise, with the S&P 500 and Nasdaq climbing while the Dow slips ahead of fresh PPI data, as Asian markets stay mixed amid a Trump‑Xi summit and heightened Iran tensions.
April CPI Spike Delays Fed Rate Cuts to 2027
April's hotter‑than‑expected CPI, driven by soaring energy prices and the Iran war, pushes the Fed’s new chair Kevin Warsh to delay any interest‑rate cuts until at least 2027 for borrowers.
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