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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
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 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
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 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
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
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
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
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
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
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
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
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
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.
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