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Airbnb expands offerings with new services, experiences, and redesigned app
Investing.com -- Airbnb Inc (NASDAQ:ABNB), a popular online platform for vacation rentals, has announced the launch of Airbnb Services, Airbnb Experiences, and a completely redesigned app. The new offerings are aimed at enhancing the overall travel experience for customers, providing them with...
Investing.com
Wed, May 14
Dogecoin Long Liquidations Rack Up As Price Crashes 10%
Data shows Dogecoin (DOGE) has seen significant long liquidations as its price has gone through a steep decline during the past day. Dogecoin Has Retraced Some Of Its Latest Recovery Following a breach of the $0.25 level to start the week, the trend appears to have flipped for Dogecoin again as its
Bitcoinist
Wed, May 14
Baidu prepares to launch driverless taxi in Europe, WSJ reports
May 13 (Reuters) - Chinese technology major Baidu 9888.HK is preparing to test its driverless ride-hailing service, Apollo Go, in Europe for the first time, the Wall Street Journal reported on Tuesday.Baidu plans to set up a local entity in Switzerland in the coming months and aims to begin testingReuters
Wed, May 14
Samsung to buy German cooling system maker FlaktGroup for $1.7 billion
SEOUL, May 14 (Reuters) - Samsung Electronics 005930.KS said on Wednesday it had agreed to buy Germany's FlaktGroup for 1.5 billion euros ($1.68 billion) as it looks to meet growing demand for cooling of data centres used for artificial intelligence projects.Reuters
Wed, May 14
Japan's Nikkei reverses gains on sell-off to book profits
TOKYO, May 14 (Reuters) - Japan's Nikkei share average reversed course to trade lower on Wednesday as investors sold stocks to book profits, while the broader Topix is set to snap its longest winning streak in nearly 16 years. The Nikkei .N225 fell 0.81% at 37,874.59 by the midday break. The ...Reuters
Wed, May 14
Sony annual operating profit rose 16%, beating analysts' estimates
TOKYO, May 14 (Reuters) - Sony 6758.T on Wednesday reported operating profit for the year ended March rose 16% to 1.4 trillion yen ($9.51 billion), beating analyst estimates. That compared with profit of 1.2 trillion yen in the year earlier and an LSEG consensus estimate of 1.37 trillion yen.($1 =Reuters
Wed, May 14
Lower food prices tame US consumer inflation in April, tariffs squeeze awaited
WASHINGTON, May 13 (Reuters) - U.S. consumer prices rebounded moderately in April as declining food costs partially offset rising rents, leading to the smallest annual increase in four years, but the inflation outlook remains unclear against the backdrop of tariffs.Reuters
Wed, May 14
US tech firms Nvidia, AMD secure AI deals as Trump tours Gulf states
May 13 (Reuters) - A number of U.S. technology firms on Tuesday announced artificial intelligence deals in the Middle East as U.S. President Donald Trump secured $600 billion in commitments from Saudi Arabia to U.S. companies during a tour of Gulf states.
Reuters
Wed, May 14
Trump calls on Fed to cut rates, saying prices of 'practically everything' are down
May 13 (Reuters) - U.S. President Donald Trump on Tuesday repeated his call for the Federal Reserve to lower interest rates, saying prices for gas, groceries and "practically everything else" are down."No Inflation, and Prices of Gasoline, Energy, Groceries, and practically everything el...Reuters
Wed, May 14
Fed seen on track for rate cuts in Sept, Oct after CPI data
May 13 (Reuters) - Traders on Tuesday leaned into bets the Federal Reserve will not start cutting interest rates until September after a government report showed consumer prices increased less than expected last month.Financial markets after the report reflected expectations for the Fed to deliver jReuters
Wed, May 14
S&P 500, Nasdaq end higher on soft inflation data, trade optimism
May 13 (Reuters) - The S&P 500 and the Nasdaq closed higher on Tuesday for a second straight day after softer-than-expected inflation numbers added to investor optimism from Monday when the U.S. and China announced a trade truce.
Reuters
Wed, May 14
Nvidia CEO's net worth nears $120 billion as shares surge on Saudi chip deal
May 13 (Reuters) - Nvidia NVDA.O CEO Jensen Huang's personal net worth jumped to around $120 billion on Tuesday, up from $80 billion last year, as a boom in demand for the company's artificial intelligence chips has powered a steep rally in its shares.Nvidia hit $3 trillion in market value a...Reuters
Wed, May 14
UnitedHealth CEO leaves abruptly, company pulls forecast as shares sink
Former CEO Stephen Hemsley appointed as CEO after Witty's departureIndustry has been struggling with higher medical costs UnitedHealth expects to return to growth in 2026Shares fall over 15% to four-year low, drags down peersBy Sriparna Roy, Sneha S K May 13 (Reuters) - UnitedHealth Group U...Reuters
Tue, May 13
Crude oil climbs more than $1.60 a barrel on tariff cuts, economic outlook
Markets bullish on US-China tariff relief Increasing OPEC+ supply could weigh on prices Lower US inflation seen as positive for demandBy Erwin Seba HOUSTON, May 13 (Reuters) - Crude oil futures climbed more than $1.60 a barrel on Tuesday, lifted by a temporary cut in U.S.-China tariffs and a bett...Reuters
Tue, May 13
U.S.-China Tariff Truce: Wall Street Rushes to Rewrite Reports – No Recession, Bull Market Continues
TradingKey – Following the U.S.-China agreement to significantly cut tariffs after the Geneva negotiations, Wall Street giants like Goldman Sachs and JPMorgan Chase rushed to revise their economic forecasts, flipping from bearish to more bullish stances: lowering recession risks, raising GDP...TradingKey
Tue, May 13
TREASURIES-U.S. 10-year yields retreat slightly after April CPI release
NEW YORK, May 13 (Reuters) - U.S. 10-year Treasury yields fell slightly on Tuesday after April's Consumer Price Index numbers were below forecast, showing a small immediate impact of the Trump administration's sharp import tariff rises announced early last month.Reuters
Tue, May 13
Japan's SoftBank Group books first annual profit in four years
Softbank makes first annual profit since year ended March 2020$500 Stargate data centre scheme largely unimpacted by tariffsYet to discuss financing of individual sites as due diligence continuesLater stage startup holdings perform well but early stage holdings suffer large falls in valueBy Anton Br...Reuters
Tue, May 13
REFILE-US consumer prices rise moderately in April
WASHINGTON, May 13 (Reuters) - U.S. consumer prices rebounded moderately in April, but inflation is likely to pick up in the coming months as tariffs boost the cost of imported goods. The consumer price index CPI increased 0.2% last month after dipping 0.1% in March, which was the first decline...Reuters
Tue, May 13
