Uber sees non-takeout deliveries becoming $12.5 billion business- Bloomberg News

April inflation hit a three-year peak of 3.8%, pressuring the Nasdaq and tech stocks. Markets are further braced by Kevin Warsh’s Fed Chair confirmation, the maintenance of Trump’s 10% global tariffs, and a high-profile U.S. business delegation preparing for a strategic state visit to China.

TradingKey - BigBear.ai (BBAI) provided a modest first-quarter update on May 5, and BBAI shares have declined about 26% year to date. The company finalized the acquisition of Ask Sage in January, marking its shift away from a services-heavy government contractor to a platform-centric AI company. The

TradingKey - On May 12, Japanese chip stocks strengthened significantly, with Renesas Electronics rising 7.14%, Sumitomo Metal Mining gaining 5.61%, and SoftBank Group advancing 4.25%. The Nikkei 225 Index climbed more than 700 points at one point during the day.

Tradingkey - The imminent meeting between the U.S. and Chinese heads of state and the upcoming release of U.S. CPI data have fueled a strong "wait-and-see" sentiment in the market. Asia-Pacific stock markets showed mixed performance; Japanese and Taiwanese stocks edged higher, while the rally in South Korean equities paused, closing down 2.29%. The Nikkei 225 Index closed up 0.52% at 62,742.57 points. During the session, it reached a high of 63,218.51 and a low of 52,158.43, continuing to hover at elevated levels.

TradingKey - Cerebras Systems (CBRS) IPO prices May 13–14 at $125–$135/share. $26–$27B valuation, 20x oversubscribed, $510M revenue, 47% net margin, OpenAI 750MW deal. Everything you need to know.