Author: franperez66q@protonmail.com
CNBC’s Jim Cramer said Monday that a series of mounting risks has made him significantly more cautious on stocks.”I am not that bullish,” the “Mad Money” host said. “My bullishness can wait. I think you will get a better time to buy than right now.”The caution comes as several pillars of Cramer’s bullish outlook have come under pressure. A surprisingly strong jobs report has reduced the likelihood of Federal Reserve rate cuts, while the looming SpaceX IPO, weakness in Apple, and the prospect of additional AI-related fundraising have raised new questions about whether the market can sustain its recent rally.”Things…
SHENZHEN, CHINA – MAY 1: The Chinese national flag is seen in front of stacked shipping containers bearing MSC (Mediterranean Shipping Company), Maersk, and Hamburg Süd branding at Yantian Port on May 1, 2026, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty ImagesChina’s trade growth held up better than expected in May, as surging AI-related exports helped buffer the economy against disruption from the Iran war. Exports rose 19.4% from a year earlier in U.S. dollar value terms, customs data showed Tuesday, accelerating from the 14.1% gain in April. Economists polled by Reuters had pegged…
US says BYD, Baidu, Alibaba and other tech giants are aiding China’s military Source link
The Federal Communications Commission has waived a requirement for Amazon to launch half of its satellite broadband constellation by the end of July, a key regulatory reprieve that buys the tech giant time to get more of its spacecraft into orbit. Amazon won regulatory approval for the Amazon Leo network in July 2020. The FCC’s authorization came with two deadlines. First, Amazon had to launch half of its 3,232 satellites by July 30, 2026, in order to maintain authorization to launch the rest of the network. The regulator gave Amazon a deadline of July 30, 2029, to have all of…
Oil could hit $150 per barrel within the next couple of months if the fighting in the Middle East continues, as inventories are now at very low levels, said Claudio Galimberti, chief economist at Rystad Energy. “At this point, unless we solve [the Middle East conflict], unless we start to see an increase in the flow, then we are going to see lower and lower inventories, which means higher and higher prices,” Galimberti said. Brent crude was sitting around $94 a barrel on Tuesday. Galimberti reckons that the global oil crunch may be solved by raising the number of barrels…
Perplexity planning IPO in 2028 regardless of what happens to Anthropic or OpenAI, CEO tells CNBC Source link
Aravind Srinivas, chief executive officer of Perplexity AI Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 5, 2025. David Paul Morris | Bloomberg | Getty ImagesPerplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CEO Aravind Srinivas told CNBC. “Agnostic of these two companies, we were planning for something in 2028 so that still remains the case,” Srinivas said in an interview that aired on Tuesday. Srinivas has previously said the company has no plans to go public before 2028. His latest comments suggest a more concrete timeline. The CEO’s…
A general view of the office building of Baidu is in Pudong, Shanghai, on Feb. 9, 2026. Ying Tang | Nurphoto | Getty ImagesThe Pentagon added a slew of Chinese companies, including Alibaba Group, Baidu Inc and carmaker BYD, to a list of entities it believes have aided the Chinese military, complicating the fragile diplomatic relationship between Washington and Beijing.The Defense Department published an updated “1260H list” Monday evening stateside — a roster of companies the Pentagon considers affiliated with China’s military or defense industrial base. The designations do not impose sanctions explicitly, but mean the Defense Department will be…
Images of mobile devices at the Taiwan Semiconductor Manufacturing Co. (TSMC) Museum of Innovation in Hsinchu, on Tuesday, Jan. 11, 2022. I-Hwa Cheng | Bloomberg | Getty ImagesAsian technology stocks rebounded Tuesday, tracking Wall Street’s gains, as investors returned to artificial intelligence-linked names.South Korean memory chip giant SK Hynix climbed 6.44%, while Samsung Electronics gained 3.38%. Seoul Semiconductor jumped over 12%.Japanese semiconductor equipment makers also advanced, with Tokyo Electron rising 5.65%, Advantest adding 1.51%, and Renesas Electronics gaining 2.54%. However, shares of Japanese tech investment giant SoftBank extended their slide, dropping 2%.In the U.S., chip stocks powered gains on Monday, helping…
New US-Canada bridge set to open after Trump threat- reports Source link