China May Wholesale Inflation Hits Near 4-Year High on Iran War-Led Higher Input Costs, AI Boom
China’s producer price index jumped 3.9% year‑on‑year in May, the strongest rise since July 2022, as the Iran‑driven energy shock and a surge in AI‑related equipment demand lifted wholesale prices. Fuel and power costs surged 10% and non‑ferrous metal prices rose 22%, feeding the inflationary pressure on factories. Meanwhile consumer inflation eased to 1.2% YoY, below expectations, reflecting weak domestic demand despite a 19.4% export rebound in U.S.‑dollar terms. The split picture highlights a supply‑side squeeze amid tepid consumption.
China Trade Defies Iran War Drag as Exports, Imports Beat Estimates in May
China’s May trade data showed exports jumping 19.4% year‑on‑year and imports rising 27.4%, both surpassing Reuters forecasts. The export surge was led by AI‑related and renewable‑energy products, while import growth was concentrated in semiconductor chips and gold. Despite the trade...
Oil Prices May Hit $150 per Barrel Soon if Iran War Continues, Energy Economist Says
Oil could surge to $150 per barrel within months if the Iran‑U.S. conflict persists, according to Rystad Energy chief economist Claudio Galimberti. Brent is trading near $94 while global inventories sit at historically low levels. Galimberti argues that boosting the...
Perplexity Plans IPO in 2028 Regardless of What Happens to Anthropic or OpenAI, CEO Tells CNBC
Perplexity CEO Aravind Srinivas told CNBC the AI firm will pursue an IPO in 2028, irrespective of how Anthropic or OpenAI perform in their upcoming listings. The comment follows Anthropic’s confidential filing and growing investor focus on SpaceX’s imminent IPO...
'Dean of Valuation' Aswath Damodaran Is Not Buying SpaceX: 'Too Richly Priced'
NYU finance professor Aswath Damodaran says SpaceX’s IPO is over‑priced, valuing the company at $1.25‑$1.35 trillion versus the $1.77 trillion target. He based his estimate on the prospectus, highlighting that Starlink drove 2025 revenue while the new xAI unit has the weakest margins....
Chinese EVs May Hit U.S. Within a Few Years, One Way or Another
Chinese electric‑vehicle makers are targeting the United States despite steep 125% tariffs, restrictive software rules and bipartisan political opposition. They are exploring entry through domestic assembly plants or joint ventures with Detroit’s Big Three, as Ford, GM and Stellantis already...
Why Nokia Missed the Smartphone Shift
Nokia, once a dominant mobile phone maker, failed to transition to smartphones as Apple and Google built app ecosystems. The Finnish firm stayed focused on hardware scale, missing the software‑driven value shift, leading to loss of market leadership. The misstep...
Boeing to Start 737 Max Production on New Assembly Line July 6, CEO Says
Boeing will launch a fourth 737 Max final‑assembly line in Everett, Washington on July 6, adding a carbon‑copy facility to its Renton operations. The new line is designed to lift monthly output to 52 jets by next year, up from the current...
Nasdaq Drops 3% as Selling in Chip Stocks Picks up; S&P 500 9-Week Winning Streak Set to End: Live Updates
U.S. equity markets slipped on Friday as the Nasdaq Composite dropped 2.8% and the S&P 500 fell 1.7%, driven by a sharp sell‑off in leading chip makers after a surprisingly strong May jobs report. Broadcom, Marvell, Micron, Intel and AMD...
Bitcoin Cracks $60,000, Sinking to Lowest Level Since October 2024
Bitcoin slipped to $60,000 on June 5, its lowest since October 2024 and a 50 % drop from the September 2025 peak of $126,000. The decline was sparked by a stronger‑than‑expected May jobs report that lifted Treasury yields and drained risk appetite. A modest...
No Tech, No Problem. Dow Makes Record and Traders Think These Stocks Can Lead Now
The Dow Jones Industrial Average closed at a fresh record, jumping 2% while the S&P 500 rose 0.4% as nine of eleven sectors advanced. Health‑care stocks led the rally, with insurers Humana, Centene and UnitedHealth Group hitting new one‑year highs and...
Micron, Marvell, and Broadcom Lead Chipmakers' Premarket Losses
Chipmakers tumbled in pre‑market trade on Thursday, led by Broadcom, Micron and Marvell. Broadcom slumped about 15% after reporting earnings below analysts' expectations, while Micron fell 7.1% and Marvell dropped 7.5%. The sell‑off dragged Nasdaq futures 1.4% lower and pulled...
Here Are Thursday's Biggest Analyst Calls: Nvidia, Apple, Broadcom, Netflix, Oracle, Microsoft, CrowdStrike & More
Wall Street analysts issued a flurry of upgrades, downgrades and price‑target revisions on June 4, 2026, spotlighting AI‑driven growth across technology and industrial firms. Morgan Stanley lifted Broadcom’s target to $502 and kept it overweight, while Mizuho reaffirmed Nvidia as...
Stock Futures Tick Lower After All Three Major Indexes Close at New Records: Live Updates
U.S. stock futures slipped modestly on Monday night after the S&P 500, Nasdaq 100 and Dow Jones all closed at fresh all‑time highs. A technology rally led by Nvidia’s new PC chip and a 37% surge in Hewlett Packard Enterprise shares powered the market...
Trump's 'Big Beautiful Bill' Turned 529 Plans Into 'Lifelong Education' Accounts, Expert Says: How to Take Advantage
President Trump’s One Big Beautiful Bill Act, signed in July 2025, expands 529 college‑savings plans to cover credential programs, licensing exams and continuing‑education costs, effectively turning them into lifelong education accounts. The change aligns qualified expenses with the Workforce Innovation...