Broadcom beats on earnings and guidance as AI revenue doubles
Broadcom’s AI revenue jumped 106% as the company continues to be a big beneficiary of the boom in infrastructure spending.
Iran war and your portfolio: The historical stock market patterns investors should know
The stock market had a wild ride on Tuesday, but history suggests that’s par for the course and may not be an indication of worse to come.
Apple announces MacBook Neo, its most affordable laptop ever
Apple’s new MacBook Neo gives the company its cheapest laptop ever, creating a budget entry into the Mac lineup.
Trump sides with crypto firms in trillion-dollar battle with banks over stablecoin yield
The dispute centers on whether crypto firms like Coinbase can offer yields on stablecoins, which banks warn will siphon trillions of dollars from the industry.
U.S. crude oil surge eases after Bessent pledges support for tankers during Iran war
The oil market has calmed after President Donald Trump said the U.S. would insure tankers and provide naval escorts if necessary.
Bessent says global 15% tariff starts this week, predicts Trump duties will return to old levels later this year
The Supreme Court last month ruled that President Donald Trump’s sweeping global tariffs are not authorized under the law known as IEEPA.
Xiaomi trials humanoid robots in its EV factory — says they’re like ‘interns’
Two humanoid robots can complete 90% of the work in three hours, Xiaomi President Lu Weibing told CNBC.
Sportswear giant Adidas drops 8% after profit guidance disappoints
Adidas shares have fallen about 43% over the past year as investors remain skeptical about the growth prospects of the global sportswear industry.
China’s Xiaomi tells CNBC it’s planning a yearly smartphone chip release and its own AI assistant for overseas
Last year, Xiaomi launched the XRing O1, a system-on-chip (SoC) based on an advanced 3 nanometer manufacturing process.
Goldman’s David Solomon surprised by ‘benign’ market reaction to Iran war
“I think it’s going to take a couple of weeks for markets to really digest the implications of what’s happened,” Goldman chief David Solomon said.
