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U.S. PPI Jumps 6% YoY in April, Driven by Energy Surge
U.S. wholesale prices surged 6% year‑over‑year in April, the steepest rise since 2022, as energy costs—spurred by the Iran‑Hormuz conflict and President Trump’s tariffs—propelled the producer price in
King Charles' Speech Amid UK Bond Market Turmoil
King Charles III’s State Opening of Parliament came as Prime Minister Keir Starmer survived a leadership revolt that had sent UK gilt yields soaring. While Starmer’s brief meeting with rival Health Se
Pension amount for elderly, widows under NSAP unchanged since 2012; inflation makes it worse
India’s National Social Assistance Programme has left senior, widow and disabled pensions stuck at ₹200‑₹500 since 2012, eroding purchasing power by roughly 45% as inflation surged. An evaluation by t
Charles Schwab Rolls Out Spot BTC, ETH Trading in U.S
Charles Schwab has started rolling out spot Bitcoin and Ether trading for its U.S. retail customers, a move that could bring its roughly 35 million investors into direct crypto markets. The launch, ec
eToro Q1 crypto revenue down 38% launches NY trading
While Bitcoin hovers around $76,000 amid geopolitical tensions and U.S. oil inventories shrink, eToro's Q1 numbers show a steep 38% drop in crypto‑asset revenue and a 57% plunge in derivative income,
China's Tencent sees boost from gaming, AI demand even as revenue comes in weaker than expected
Tencent posted a 9% rise in first‑quarter 2026 revenue to 196.5 billion yuan, yet the figure fell short of analysts’ 199 billion‑yuan forecast. CEO Ma Huateng highlighted progress on new AI products a
SoftBank posts $46 billion gain at Vision Fund driven mainly by massive OpenAI bet
SoftBank’s Vision Fund posted a $46 billion profit for the fiscal year, almost entirely thanks to its $30 billion‑plus stake in OpenAI—a point highlighted by both Japan Times and CNBC. The windfall ce
Nvidia Lifts Chip Stocks, S&P 500 Futures Rise
On May 13 2026, Nvidia’s surge lifted chip stocks, sending S&P 500 and Nasdaq futures higher, yet the broader indices slipped from record highs as hotter‑than‑expected inflation data and rising Iran t
Stoxx 600 Up 0.7% Starmer, Trump Calls Iran Ceasefire
European equities rebounded on Wednesday, with the Stoxx 600 up 0.7% and UK gilt yields easing, as Prime Minister Keir Starmer refused to step down amid political turbulence. The rally follows a shift
Bitcoin back above $81,000 after hot CPI print, BNB, DOGE lead majors gains
Bitcoin rebounded to just above $81,000 after a hotter‑than‑expected U.S. CPI reading, showing aggressive dip‑buying and resilience amid macro jitters. Crypto funds poured in $858 million last week, w
India raises gold import duties to 15% amid rupee slump
India, the world’s second‑largest gold consumer, has lifted import duties on gold and silver to 15% in a bid to rein in a $25 billion quarterly gold spend that’s fueling a widening trade deficit and a
Clarity Act Classifies Crypto Exchanges as Banks
While Google pushes Gemini AI into Chrome and Mac, the U.S. Senate is turning its focus to crypto regulation. The Clarity Act, slated for a Thursday vote, would bring crypto exchanges, brokers and dea
Arthur Hayes: Bitcoin may hit $126K as war inflates
Former Binance CEO Arthur Hayes argues that the Iran war, soaring AI and electrification spending, and ensuing inflation will push Bitcoin to $126,000 this year. Bitcoin has already surged 31% since e
Nvidia Rally Boosts Futures as S&P 500 Slides
Nvidia’s chip rally lifted S&P 500 and Nasdaq futures, but the underlying indices slipped from record highs as hotter‑than‑expected inflation cooled the rally, tempering Nasdaq’s longest winning strea
JPMorgan Files Tokenized Treasury Fund on Ethereum
JPMorgan has filed with the SEC to launch a tokenized money‑market fund on Ethereum, designed to satisfy the GENIUS Act’s reserve‑asset rules and serve stablecoin issuers. The filing follows BlackRock
Senate's CLARITY Act Sets New Crypto Rules
The Senate’s CLARITY Act is presented as a three‑pronged effort to protect Main Street, spur responsible innovation, and crack down on fraud and money laundering. Reuters offers an explainer on the bi
Wall Street's Clearinghouse DTCC Enlists Chainlink for Collateral Management
The Depository Trust & Clearing Corp (DTCC) is partnering with Chainlink to power its new Collateral AppChain, a blockchain‑based platform that will tokenise and automate collateral movement in near r
Strategy Rebrands, Shifts to Never‑Net‑Seller Bitcoin
Strategy, the former software firm MicroStrategy, has shed its legacy name and doubled down on Bitcoin, turning its treasury into a massive crypto reserve. Led by Michael Saylor, the company bought $2
Ed Yardeni lifts 2026 S&P 500 target to 8,250
Veteran analyst Ed Yardeni lifted his 2026 S&P 500 year‑end target to 8,250, citing strong earnings growth, higher EPS and revenue forecasts, while acknowledging inflation, rising energy costs, and Mi
EBay rejects GameStop’s $56 billion bid, putting bitcoin exposure back in focus
eBay’s board turned down GameStop’s $56 billion half‑cash, half‑stock takeover bid, citing financing doubts and confidence in its own strategy. The rejection revives scrutiny of GameStop’s $368 millio
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