Author: Editor-In-Chief
CNBC’s Jim Cramer warned Wednesday that a wave of funding related to the artificial intelligence boom could create headwinds for stocks in the short term. “Bull markets can be wiped out by economic conditions, interest rates, and geopolitical turmoil, but what most easily leads to a slaughterhouse is a glut of new supply,” the “Mad Money” host said. “As with any market, if supply exceeds demand, prices will fall quickly.”Cramer pointed to long-awaited IPOs from SpaceX, Anthropic, and OpenAI, as well as a growing pipeline of companies seeking capital to fund the construction of large-scale AI infrastructure. of the alphabet…
Finnish President Alexander Stubb attends a joint press conference with Lithuanian President Gitarnas Nausėda (not shown) at the presidential palace.Sopa Images | Light Rocket | Getty ImagesHELSINKI, Finland — Finnish President Alexander Stubbe has outlined his vision for a bigger European Union, saying the 27-nation bloc needs to “think big” and seize the opportunity to flex its muscles on the world stage.Speaking at an energy conference in the Finnish capital on Wednesday, Mr Stubbe said the EU should push to increase its membership to 40, naming the UK, Canada, Turkey, Norway and Iceland as potential members.His comments came as the…
According to a joint statement released on Wednesday, Israel and Lebanon agreed to “implement a ceasefire,” conditioned on the “complete cessation” of Hezbollah shelling and the removal of all Hezbollah operatives from southern Lebanon. However, the status of negotiations between the US and Iran remains unclear. Here are the latest updates for the region: Mixed messages over U.S.-Iran talks: President Donald Trump said Wednesday that talks with Iran were progressing “very well,” but Iranian Foreign Minister Abbas Araghchi said there had been no “remarkable progress” in recent days. Ceasefire ‘must include Lebanon’: Iranian Foreign Minister Araghchi said the US-Israel war…
Fuyang, China – March 23, 2026 – Stock investors observe stock market conditions at a stock exchange in Fuyang, Anhui Province, China, on March 23, 2026. (Photo credit: CFOTO/Future Publishing via Getty Images)Photo | Future Publishing | Getty ImagesAsia-Pacific markets fell on Thursday, tracking losses on Wall Street, as tensions between Iran and the United States sent oil prices soaring and fueled energy and inflation concerns. Kuwait International Airport was attacked by Iran early Wednesday morning. The attack comes a day after U.S. Central Command announced it had destroyed multiple Iranian ballistic missiles and drones and launched a “self-defense strike”…
Elon Musk photographed at SpaceX in Brownsville, Texas. Marvin Joseph | Washington Post | Getty ImagesThe world’s richest man is on the verge of becoming a billionaire. SpaceX CEO Elon Musk owns $866.5 billion worth of shares in the reusable rocket maker on paper, according to the company’s latest IPO prospectus released Wednesday. SpaceX said it plans to price its upcoming IPO at $135 per share, valuing it at about $1.77 trillion. For Musk, 54, the SpaceX proposal scheduled for next week comes 16 years after he took office. tesla public. He currently owns about $355 billion worth of stock…
group of Amazon Engineers appeared at a Seattle City Council hearing on Wednesday to support efforts to regulate the development of giant AI data centers in the region, which are being built while employers are conducting mass layoffs. “Amazon is reportedly spending $200 billion in capital this year, most of it going to data centers and AI,” Patrick Schlosser, a software engineer at Amazon Web Services, said at the hearing. “Microsoft is spending $190 billion. Meanwhile, leaders at my company have laid off 30,000 employees in the past eight months. What this tells us is that big tech companies are…
Investors chasing Asia’s rise in artificial intelligence may want to look past the region’s strongest stock market and consider Japan instead, Barclays said. South Korea and Taiwan have emerged as the biggest beneficiaries of the AI-driven semiconductor boom, but their stock markets are increasingly concentrated in a handful of chip makers, making them more vulnerable to fluctuations in technology cycles, Barclays strategist Ajay Rajadhyaksha said in a recent note. “The best value in AI may be hiding in Tokyo,” he said, noting that the Japanese market provides exposure to multiple parts of the AI supply chain without relying on a…
Hello, this is Priyanka Salve writing from Singapore.Welcome to the latest edition of Inside India. A one-stop destination for stories and developments in the world’s fastest growing large economy.AI-driven gains in TSMC, Samsung and SK Hynix, along with headwinds from a weaker rupee and Middle East conflict, are reshaping the rankings of Asian markets. This week, we explore how the theme of AI is overtaking India’s consumption story. Read more!Do you have any thoughts about today’s newsletter? Share them with the team.big storyIn 2026, Animal Spirit will promote investment in artificial intelligence companies, TSMC, samsung and SK Hynix For over…
CrowdStrike reported better-than-expected quarterly results and a better-than-expected outlook Wednesday night, but its stock sold near all-time highs. The hot money that flowed into companies like Hewlett Packard Enterprise and Dell, aiming to soar their earnings, definitely booked profits, with their stock prices down more than 11% to about $664 each. Let them sell it. We are not short-term thinkers. CrowdStrike’s fiscal 2027 first-quarter revenue rose 26% year-over-year to $1.39 billion, beating the consensus estimate of $1.36 billion, according to LSEG. Adjusted earnings per share (EPS) for the quarter ended April 30 rose 51% to $1.10, beating expectations of $1.07,…
Elon Musk’s SpaceX has set a fixed price of $135 per share ahead of formal marketing for its initial public offering, according to a filing with the Securities and Exchange Commission on Wednesday. SpaceX announced it would sell 555.6 million shares, equating to a $75 billion financing. The underwriters have the option to purchase an additional 83.33 million shares at the IPO price for a total value of $11.2 billion. After the company goes public, Musk will hold more than 82% of the voting rights, according to the filing. goldman sachs is the lead banker for the offering, followed by…