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Software stocks spiked ahead of Monday’s opening bell after Nvidia CEO Jensen Huang unveiled plans for a new chip that will power personal computers.Investors are piling into a range of computer-related names on the first trading day of June, with ServiceNow leading the premarket rise after soaring 14.4% ahead of the opening bell. IBM surged 12.7% and Hewlett Packard rose 12.6%. ARM is up 12.2% before Monday’s market open, while Nebius has added more than 2%.Speaking at Taiwan’s Computex conference on Monday, Huang unveiled the new N1X processor, made alongside Microsoft, which he said will spark a “reinvention of the computer….as…
Former Federal Reserve chair Jerome Powell has warned that attempts by the U.S. government to exert greater political pressure on the central bank will damage public confidence in its independence.Powell — whose time as Fed chair concluded on May 15 — said the central bank, along with other institutions such as the courts and universities, is facing a political “stress test” from President Donald Trump’s administration.Speaking at the John F. Kennedy Library Foundation in Boston, Powell highlighted the White House’s push for his resignation, a Department of Justice criminal investigation into his time as chair and attempts to fire Fed…
Moderna partners with global health coalition to develop Bundibugyo Ebola vaccine Source link
A court has ruled the UK does not need to pay Rwanda after the UK pulled a deal between the two countries. Source link
Shoppers enter and exit a Dior luxury boutique in Venice, Italy, on Nov. 16, 2025.Michael Nguyen/NurPhoto via Getty ImagesThe retail industry emerged from a choppy first quarter relatively unscathed, but higher than usual tax refunds and an uptick in buy now, pay later use likely helped to buoy spending.As Wall Street looks ahead to the second quarter, the period could offer a clearer view on consumer health and just how much high gas prices and persistent inflation have disrupted the economy and pressured already-strained household budgets. “Once you got through April and May, you’re really not seeing the impact of tax…
UN labour agency starts final talks on employment standards for gig workers Source link
Japanese stocks still have room to climb even after this year’s blistering rally, according to Goldman Sachs, citing stronger corporate earnings, rising shareholder returns and renewed foreign inflows as reasons for further gains. The bank raised its 12-month target for the Topix index to 4,400 from 4,200, which marks an upside of more than 11% from current levels, even after the TOPIX hit a record high last Friday. The Topix, or Tokyo Stock Price Index, is a broad measure of Japanese equities that tracks domestic companies listed on the Tokyo Stock Exchange. Goldman said the more bullish outlook followed a…
Global smartphone market faces record annual decline as chip crunch worsens Source link
The logo of Japanese company SoftBank Group at the company’s headquarters in Tokyo on Nov. 21, 2025.Kazuhiro Nogi | AFP | Getty ImagesJapan’s SoftBank Group plans to invest 45 billion euros ($53 billion) over the next five years to build artificial intelligence infrastructure in France, the company said on Sunday. The tech giant said the commitment is part of a 75-billion-euro program to roll out 5 GW of AI data center capacity in France.It comes after Softbank overtook Toyota to become Japan’s most valuable company by market cap, according to FactSet data.Softbank said Saturday that the initial phase of the…
The stock market saw the S&P 500 notch its ninth straight weekly gain, while the Nasdaq added its eight gain in nine weeks. Distribution days remain low: two each on the Nasdaq and S&P 500. During the month of May, three of IBD’s industry groups rose more than 40%. The computer hardware and peripherals group gained 69%. Solar stocks collectively… Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link