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Michigan Survey Hits Record‑Low Consumer Confidence
American consumer confidence has slumped to historic lows, with the University of Michigan survey hitting an all‑time low in May. Economists say a decade’s worth of inflation compressed into half a de
Cerebras, OpenAI, SpaceX: The IPO pipeline that could drain crypto
Cerebras Systems' $40 billion IPO, priced at $185 per share, marks a rapid surge in AI‑chip valuations and signals Wall Street’s pivot from crypto to AI equities. Across FT, CNBC, Axios and Reuters, a
Bitcoin stuck below $80,000 as leveraged longs unwind, altcoins slide
After a dip to $76k on Iran‑related news, Bitcoin hovered just under $80k as a surprise rise in U.S. producer‑price inflation sparked a risk‑off wave that erased leveraged longs and dragged altcoins l
BitGo Q1 Loss Widens as Revenue Doubles, Shares Slip
BitGo posted a wider first‑quarter loss even as its overall revenue more than doubled, driven by a surge in stablecoin services but a sharp drop in staking income. The firm’s cash cushion and Bitcoin
Trump Won't Weigh Americans' Finances in Iran Calls
Trump said he won't consider Americans' financial situation when weighing his next Iran move, handing Democrats a ready-made campaign line as gas-driven inflation climbs and military options against T
Trump meets Xi, Asian stocks split, US indices rise
Asian markets were split as investors digested President Trump’s surprise meeting with Chinese President Xi in Beijing, while U.S. equity indices edged toward record highs and a tech rally, led by AI
Trump‑Xi clears Nvidia H200 chips for China firms
The Trump‑Xi summit is being seen as a catalyst for Chinese equities, especially tech, as analysts anticipate a modest trade thaw and a stronger yuan. At the same time, Washington cleared Nvidia’s H20
Stoxx 600 Up 0.3% as UK Politics and Trump‑China Summit
European equities opened on a positive note, led by a 0.3% gain in the Stoxx 600, as investors digested a mix of corporate earnings and political headlines. In the UK, Prime Minister Keir Starmer’s le
Bitcoin firm Nakamoto records net loss in Q1 despite sixfold revenue growth
Nakamoto posted a $239 million Q1 loss despite a sixfold revenue jump, as a steep Bitcoin price slump erased $102.5 million of its 5,058‑BTC treasury and forced a sale of 284 BTC to fund operations. T
Bitcoin risks slump after hitting ‘major bear market resistance’: CryptoQuant
CryptoQuant warns that Bitcoin may be hitting a major bear‑market resistance at $70,000 after a surge in profit‑taking that saw $1.2 billion of BTC cashed out on May 4. While some analysts remain bull
S&P 500, Nasdaq Hit Records as Tech Powers Past Hot PPI
US stocks closed at fresh record highs on May 13, 2026, with the S&P 500 up 0.6% and the Nasdaq up 1.2%, as tech rallied past a hotter-than-expected wholesale inflation print while the Senate confirme
Warren Buffett flags three dangerous trends for investors in 2026: ‘That’s not investing’
At Berkshire’s annual shareholder gathering, Warren Buffett warned that investors are in a gambling mood, pointing to soaring S&P 500 valuations, the surge of same‑day options and the rise of predicti
Asia Stocks Rise on AI as Trump Meets Xi
Asian equity markets rose on growing AI optimism as U.S. President Donald Trump arrived in Beijing for a high‑stakes summit with Chinese President Xi. The meeting sparked a broader rally, lifting U.S.
Silicon Valley tech giant posts record revenue, then cuts 4,000 jobs - San Francisco Chronicle
Cisco, the Silicon Valley networking giant, posted its highest-ever revenue, driven by a surge in AI orders, while simultaneously announcing a workforce reduction of roughly 4,000 jobs. The earnings r
Cerebras IPO Prices at $185, Raises $5.55B
Cerebras Systems priced its IPO at $185 per share, raising $5.55 billion at a $56.43 billion fully diluted valuation—the largest US stock market debut of 2026, driven by investor demand more than 20 t
Cerebras Raises $5.5bn IPO, Valuation Near $70bn
Cerebras Systems' IPO raised $5.5bn at $185 per share, sending its stock soaring 68% on debut and valuing the AI chipmaker at nearly $70bn, underscoring soaring investor appetite for AI hardware.
Cisco Stock Jumps 17% After Earnings Beat, AI Orders
Cisco posted a strong quarterly earnings and revenue beat, driven by surging AI orders that lifted its shares 17% to a record high. Despite the growth, the networking giant announced a nearly 4,000‑jo
Kevin Warsh Confirmed as Fed Chair Amid Trump Influence
Kevin Warsh, a Trump‑favored nominee, was confirmed by the Senate as Federal Reserve chair, sparking concerns that political pressure could erode the central bank’s independence. Warsh, who once oppos
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
Why Is the Stock Market Up Today, 5/13/26? - TipRanks
On May 13 the market surged, with the S&P 500 and Nasdaq both closing at fresh record highs as tech stocks rebounded. Oil prices slipped, and the Federal Reserve confirmed Warsh as its new chair, high
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