Pulse
Original reporting by Pulse, synthesizing breaking news from multiple sources with AI-powered analysis. Each story combines insights from leading publishers, expert commentary, and real-time data.
European Space Firms Post 80% Revenue Surge as Defence Funding Swells
Mark Boggett, chief executive of Seraphim Space Investment Trust, said the trust’s ten biggest portfolio firms posted 80% revenue growth over the past year. The boom is tied to a wave of European defence spending aimed at reducing reliance on U.S. space technology, underpinned by the €800bn ($864bn) Re‑arm Europe plan.
KIC Ventures CFO Aditya Humad Steps Down to Lead Investment Strategy and Capital Formation
KIC announced that Aditya Humad will relinquish his President and CFO duties at KIC Ventures effective immediately, shifting his focus to investment strategy, capital formation and artificial‑intelligence projects at the parent firm. The move follows a 15‑year tenure during which...
Whoop Adds In‑app Video Doctor Visits and EHR Sync, Expanding Wearable‑based Telehealth
Whoop announced that its fitness tracker app will offer on‑demand video consultations with licensed clinicians and electronic health‑record syncing this summer in the United States. The rollout comes as the company rolls out new AI‑driven coaching features and responds to...
Faraday Future Names YT Jia Sole CEO, Jerry Wang Executive Chairman to Accelerate Physical AI Push
Faraday Future announced that YT Jia will serve as the company’s sole global CEO and Jerry Wang will become executive chairman, effective May 5, 2026. The leadership overhaul is tied to a “Three‑in‑One” Physical AI strategy that blends robotics and...
Red Hook Studios Rejects AI Voice Clone of Late Darkest Dungeon Narrator
Red Hook Studios announced it will not use artificial intelligence to replicate the voice of deceased narrator Wayne June, even though June had emailed permission for such a use. Co‑founder Chris Bourassa said the decision protects June’s “incredible and timeless...
Lotte Chemical Posts Q1 Profit as Sales Rise 1.8%
Lotte Chemical Corp. reported a net attributable profit of KRW 49.59 billion in Q1 2026, reversing a KRW 190.83 billion loss from a year earlier. Sales climbed 1.8% to KRW 4.99 trillion and the shares jumped 6.6% on the Korea Stock Exchange.
Diageo Commits €400 Million to Expand Kildare Brewery, Boosting Irish Beer Output
Diageo announced a €400 million (about $430 million) investment to build a second brewery at its Littleconnell site in County Kildare. The expansion, unveiled by CEO Sir Dave Lewis and Taoiseach Micheál Martin, will double the plant’s capacity and underlines the company’s growth...
Executive Search Veteran Nicole Kamaleson Honored for Global Social Impact
Nicole Kamaleson, managing director of social impact at DSG Global, has been selected for inclusion in Marquis Who's Who, highlighting her two‑decade career in executive search and her focus on placing leaders in mission‑driven firms across four continents. The honor underscores...
Family‑Owned Hollywood Service Firms Shut Down as Film Production Slumps
Legacy providers of set storage, transportation and costume rentals are closing as Los Angeles film shoot days have fallen nearly 50% since 2019. The wave of shutdowns, highlighted by Triscenic Production Services and Quixote, underscores a broader contraction in the...
China's CPI Jumps to 1.2% in April, Fueling Yuan Weakness
China's National Bureau of Statistics reported that consumer price inflation accelerated to 1.2% in April, outpacing expectations and pushing factory‑gate inflation to a 45‑month high. The data has heightened market worries that the People's Bank of China may tighten policy,...
U.S. Dollar Slides Over 0.25% as Safe‑Haven Demand Ebbs Amid Middle East Diplomacy
The U.S. dollar index dropped over 0.25% for the week ended May 8, driven by fading safe‑haven demand as President Trump affirmed a cease‑fire with Iran. The slide came despite a robust jobs report that added 115,000 jobs, well above the...
Saudi Aramco Q1 Profit Jumps 25% to $32.5 Bn as East‑West Pipeline Offsets Hormuz Blockade
Saudi Aramco reported a 25% rise in first‑quarter profit to $32.5 bn, driven by higher oil prices and volumes shipped through its East‑West pipeline. The surge comes as the Strait of Hormuz remains largely closed due to the U.S.–Iran conflict, forcing...
Moscow Blames Kyiv for Breaching U.S.-Backed Ceasefire as Combat Swells
Russia’s defense ministry accused Ukraine of violating a three‑day U.S.-brokered ceasefire, reporting roughly 150 engagements and three civilian deaths in the past 24 hours. President Vladimir Putin used the moment to hint the war may be winding down, while analysts...
Wells Fargo Raises CoreWeave Price Target to $155 on $100B AI Backlog
Wells Fargo analyst Michael Turrin lifted CoreWeave's price target to $155 from $135, citing a $99.4 billion revenue backlog and expanding hyperscale capacity. The move follows the AI‑infrastructure firm’s Q1 revenue beat but a softer Q2 outlook, highlighting the market’s focus...
Oil Jumps Over 4% After Trump Rejects Iran Cease‑Fire Proposal, Asian Markets Stumble
President Donald Trump called Iran's cease‑fire response "totally unacceptable," sending Brent crude up more than 4% to over $110 a barrel. The move reignited fears about the Strait of Hormuz, pushed WTI to $95, and rattled Asian stock markets, which...
Bursa Malaysia Slides 0.16% as AI‑fuelled Rally Lifts Regional Peers
Bursa Malaysia's benchmark FBM KLCI slipped 0.16% to 1,745.31 on Monday, bucking a regional surge driven by AI‑related stocks and higher oil prices. Glove makers such as Top Glove helped soften the decline, but overall market breadth was thin, with...
Musashino Bank Posts 17% Earnings Rise, Revenue Up 25% in FY2025
Musashino Bank Ltd announced full‑year net earnings of ¥15.412 billion, a 17% increase from the prior year, while revenue climbed 25.7% to ¥105.684 billion. The results highlight robust growth in both retail and commercial banking segments amid a tightening Japanese deposit market.
Joby Aviation Q1 Earnings Boost Shares 17.5% as 2026 eVTOL Launch Nears
Joby Aviation reported first‑quarter earnings that sent its shares up 17.5% and confirmed a FAA‑conforming test flight, signaling that the company is on track for a 2026 commercial eVTOL launch. With $2.5 billion in cash and a scaling manufacturing footprint, the...
Minnesota Attorney General Sues Nonprofit Over $6.5 Million Fraud
Minnesota Attorney General Keith Ellison filed a civil lawsuit accusing the violence‑prevention charity We Push for Peace and its former leaders of diverting $6.5 million in charitable funds to personal luxuries, a private liquor store and bogus for‑profit entities. The complaint...
India’s SSE Launches M.Sc in Economics to Fuel Data‑driven Policy Talent
Symbiosis School of Economics (SSE) announced admissions for its 2026 M.Sc. Economics programme, a curriculum built around data science, machine learning and quantitative policy analysis. The move reflects growing demand from Indian governments, central banks and private firms for economists...
EBay Launches Curated Directory of Approved Seller Tools
eBay announced a new, publicly accessible directory of vetted third‑party providers on May 8, promising to simplify inventory, listing, fulfillment and advertising workflows for its marketplace sellers. The rollout arrives as the inkFrog listing tool prepares to close, prompting questions about...
Mercedes‑Benz CMO Melody Lee Deploys Social, Influencer and Data Tactics to Win Younger Buyers
Mercedes‑Benz U.S. chief marketing officer Melody Lee is steering a digital overhaul that blends social media, influencer outreach and data‑driven lead capture to attract younger consumers. The plan hinges on a 30 million‑visitor website, TikTok engagement and high‑visibility partnerships such as...
Global VC Inflows Slip as Deal Volume Contracts, YourStory Reports
Venture capital funding into Indian startups fell in the first week of May as the number of deals shrank and high‑value transactions vanished. The slowdown comes even as mega‑cap players like Nvidia continue to pour tens of billions into AI...
China Launches Tianzhou-10 Cargo Spacecraft to Resupply Tiangong Space Station
China sent the Tianzhou-10 cargo vessel aloft on May 11, 2026, using a Long March-7 Y11 rocket from Wenchang. The spacecraft docked with the Tianhe core module of the Tiangong space station, delivering fresh supplies and underscoring Beijing's push for...
Hypercraft Debuts Razorback UGV with 38 kW Power Output for Laser Weapons
Utah‑based Hypercraft introduced the Razorback UGV, a 300‑horsepower diesel‑hybrid platform capable of exporting 38 kilowatts of power for directed‑energy weapons, recharging drones and sustaining forward command posts. The vehicle can travel 280 miles at up to 60 mph, marking a new tier...
Obsidian Plugin Abuse Delivers New PHANTOMPULSE RAT to Finance and Crypto Targets
Security researchers have identified a highly targeted campaign that weaponizes the Obsidian note‑taking application to drop a previously undocumented Remote Access Trojan, PHANTOMPULSE, against financial‑sector and cryptocurrency professionals on Windows and macOS. The attack leverages malicious community plugins and a...
Daiichi Sankyo Forecasts $1.7B Net Income on Surge in Enhertu, Datroway Sales
Japanese drugmaker Daiichi Sankyo said it expects a net income of about ¥260 billion ($1.7 billion) for the year ending March 2027, driven by higher sales of its oncology drugs Enhertu and Datroway. The outlook reflects a broader shift in cancer‑treatment markets, where...
PowerX Inks $5.5 M Equivalent MOU with Montenegro's EPCG for 500 MWh BESS Rollout
PowerX, the Japanese battery‑energy‑storage specialist, signed a memorandum of understanding with Montenegro’s national utility EPCG to deliver roughly 500 MWh of BESS capacity over three years. The deal gives PowerX a foothold in Europe and adds a strategic enterprise customer as...
Shadow AI Fuels Cybersecurity Gap as Experts Warn Systems Lag Behind Emerging Threats
Security leaders warn that corporate defenses are falling behind a surge in “shadow AI” use, with 71% of UK workers admitting to unapproved AI tools and half doing so weekly. The practice creates data leakage risks that current security systems...
TelkomGroup Launches Pukpuk Submarine Cable, First Direct Link Between Indonesia and PNG
TelkomGroup, through its subsidiary Telin, inaugurated the Pukpuk Submarine Cable System linking Jayapura, Indonesia, with Vanimo, Papua New Guinea. The first cross‑border cable in the Asia‑Pacific region promises route diversity, stronger digital infrastructure and new economic opportunities for both nations.
Huawei's PanoAAU Antenna Promises Lower 5G Coverage Costs in Rural Areas
Huawei's PanoAAU active antenna unit delivers 180-degree wide‑angle coverage, letting operators replace three‑sector sites with two‑sector configurations. The design cuts equipment, power and rental expenses, making rural 5G deployments more financially viable.
Mideast Conflict Sends Chinese Plastic Prices 50% Higher, Slowing Key Manufacturing Hubs
China’s Guangdong factories are feeling the pinch of the Iran‑Israel war as plastic resin prices have jumped roughly 50% since the conflict began. Factory managers and traders report shrinking margins, delayed shipments and a slowdown in output that could reverberate...
IBM Pushes Agentic AI Into Supermarkets as Grocery Retailers Race to Automate
IBM is expanding its agentic artificial‑intelligence platform to supermarkets, promising autonomous inventory, demand forecasting and dynamic pricing. The move intensifies a technology arms race among retailers in Europe and the United States seeking faster, data‑driven store operations.
Developers Offer Direct Post‑Possession Loans as Mortgage Approvals Tighten
Facing stricter loan‑to‑value ratios and higher borrowing costs, real‑estate developers are now financing the remaining 20‑40% of home purchases themselves. The move transfers default risk from banks to builders and raises questions about long‑term debt exposure for highly leveraged firms.
S3 Capital Raises $1.3 B Multifamily Construction Loan Fund as Banks Pull Back
S3 Capital announced the close of a $1.3 billion multifamily lending fund aimed at construction loans, stepping in as traditional banks scale back commercial‑real‑estate development financing. The New York‑based lender says the fund will target new multifamily projects nationwide, underscoring persistent...
Chile Senate Pushes Draft Law to Redefine Strategic Role of Critical Minerals
Chile's Senate is debating a draft law that expands the definition of strategic minerals to include rare earths, lithium, cobalt, nickel and graphite. The proposal seeks greater state oversight and incentives to boost domestic processing, a move that could reshape...
Brazil Seeks Rare‑Earth Role in US Market as Lula Visits Washington
Brazilian President Luiz Inácio Lula da Silva used his May 2026 visit to Washington to pitch Brazil as a reliable source of rare‑earth minerals for the United States. The diplomatic push comes as Washington tightens tariffs on Chinese rare‑earth imports, prompting Brazil to...
Substack Tax Triggers Writer Exodus Even as UK Paid Subscriptions Top 500,000
A newly imposed UK tax on Substack subscriptions has accelerated a wave of writers moving to rival platforms such as Ghost and Beehiiv. At the same time, Substack announced it now hosts more than 500,000 paid subscriptions from British readers,...
Study Shows 81% of U.S. Consumers Made Impulse Purchases in 2026 Despite Tight Budgets
A PartnerCentric survey of U.S. adults reveals that 81% have made at least one impulse purchase in 2026, even as 53% report tighter overall budgets. The average shopper made seven impulse buys, spending a median $50 per transaction, signaling a...
Australia’s 4.35% Rate Hike Spurs Recession Fears and Urgent Consumer Finance Advice
The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.35%, its third consecutive increase, igniting recession concerns. Canstar data insights director Sally Tindall warned households to slash high‑interest debt, expand emergency savings to six months...
US Credit Card Debt Hits $1.33 Trillion as Savings Rate Slumps to 4.0%
U.S. household credit‑card debt surged to $1.33 trillion in February 2026, while the personal savings rate collapsed to 4.0%—a 2.2‑point drop from 2024. The rise reflects $44 billion of new balances added in Q4 2025 and high APRs that threaten household stability.
Linux Foundation Forms Working Group to Secure Open‑Source Package Registries
The Linux Foundation announced the creation of the Sustaining Package Registries Working Group, uniting the world’s leading package‑registry operators to confront a surge in machine‑generated traffic and a fragile funding model. The effort aims to define a sustainable governance and...
Trust & Will Appoints Bill Parker as CTO to Drive AI-Powered Estate Planning Platform
Trust & Will announced Bill Parker as its new chief technology officer. Parker, a veteran of fintech and proptech, will oversee engineering and AI development for a platform serving more than one million users, 26,000 financial advisors, and 145 enterprise...
AI and Data Modernisation Drive India's Tech‑Spending Surge, Boosting Consulting Demand
ETCIO’s latest survey flags AI and data modernisation as the primary forces behind a sharp rise in Indian technology spending. The trend is prompting strategy, implementation and change‑management firms to expand their consulting footprints across the sub‑continent.
Medtronic Deploys AI‑Powered Stealth Axis Autopilot for Spine Surgery on West Coast
Medtronic introduced its AI‑enabled Stealth Axis Autopilot robotic platform in a spinal fusion at UC San Diego Health, where neurosurgeon Dr. Joseph Osorio used the system to place six screws across three vertebrae. The procedure demonstrates how machine‑learning models can...
Cabarrus County Launches Online Portal to Streamline Social Services Access
Cabarrus County officials have launched a new online portal that lets residents apply for and manage a range of social services in a single digital hub. Developed by the County’s Department of Social Services and IT Services, the tool is...
Kenya Launches Phase Two of Mobile ID Registration to Reach Marginalized Communities
Kenya's Interior Cabinet Secretary Kipchumba Murkomen announced the start of Phase Two of a mobile national identity card registration drive targeting pastoralist and border communities. The rollout eliminates extra vetting and registration fees, building on a recent six‑month waiver of...
Teradata Unveils Autonomous Knowledge Platform to Streamline Continuous AI Agent Ops
Teradata announced the Autonomous Knowledge Platform, a unified AI‑studio and data‑management system that runs autonomous AI agents 24/7 across cloud, on‑premises and hybrid settings. The platform aims to curb the growing infrastructure spend caused by always‑on AI workloads and bridges...
Acciona Hires Citi and Goldman Sachs to Assess OPA of Green Unit
Spanish infrastructure group Acciona has hired Citi and Goldman Sachs to evaluate a possible 100% takeover of its renewable subsidiary Acciona Energía. The advisory engagement underscores the growing M&A interest in green assets as the unit’s share price has surged...
Citigroup Launches $30 B Share Buyback at 2026 Investor Day
Citigroup unveiled a $30 billion share buyback at its 2026 Investor Day, tying the move to a new ROTCE target of 10‑11% for 2026 and higher near‑term goals. CEO Jane Fraser framed the program as proof the bank’s five‑year overhaul is...