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European Parliament's trade chief Bernd Lange noted progress in narrowing differences with EU governments on implementing the US-EU trade deal, but significant hurdles remain. Negotiators are set to reconvene in mid-May.
Read MoreOvernight developments saw major US exchanges expanding derivatives overseas and launching regulated spot margin trading domestically. Geopolitical tensions showed signs of easing with potential agreements. A blockchain RWA-focused firm secured significant strategic funding from top-tier investors.
Read MoreIran's UN mission proposed a solution to the Strait of Hormuz crisis, emphasizing permanent ceasefire, lifting maritime blockades, and ensuring safe passage. It criticized a US-drafted UN resolution as politically motivated.
Read MoreArm's Q4 FY2026 revenue of $1.49B surpassed expectations, driven by strong demand for AI CPUs. The company forecasts this segment to exceed $2B by 2027-28. Despite the beat, its stock swung wildly after hours, erasing initial gains to close down over 7%.
Read MoreElon Musk has announced a major reorganization of his AI venture xAI, which will cease operating independently and be rebranded as SpaceXAI. This move indicates deeper integration with core businesses like SpaceX, aiming to accelerate innovation at the intersection of space exploration and advanced artificial intelligence.
Read MoreAn Axios journalist has strongly denied allegations of profiting from crude oil trades ahead of reports on U.S.-Iran policy. Claims suggest unusual short positions appeared before news broke, raising manipulation concerns. The journalist maintains reporting was independent and unrelated to market moves.
Read MoreMarket indicators now show a 93.5% probability the Fed will hold rates steady in June, signaling strong consensus. This cautious stance is expected to extend into July as policymakers await clearer economic signals.
Read MoreScale AI has won a $500 million contract from the U.S. Department of Defense to develop advanced agent AI systems for a key Air Force project. This represents a substantial expansion of its work in the defense sector.
Read MoreLatest on-chain data reveals large investors' net long positions on a decentralized derivatives platform have surged to yearly highs. The substantial total exposure and minimal short-side liquidation pressure signal a prevailing optimistic market sentiment.
Read MoreOn May 7th, the offshore Chinese yuan (CNH) strengthened significantly against the US dollar, rising 138 points from the previous New York close to 6.8132. Trading ranged between 6.8283 and 6.8049, indicating a robust rebound and renewed market confidence in the yuan.
Read MoreA senior Iranian security official revealed that recent US military operations in the Strait of Hormuz were thwarted by Iran's decisive response. He asserted that even full US military deployment cannot secure control over this vital global oil chokepoint, highlighting regional tensions.
Read MoreSpaceX estimates its planned joint semiconductor facility with Tesla will cost over $550 billion initially, potentially soaring to $1.19 trillion—far exceeding a potential IPO raise. The "next-gen" plant, targeting Texas, marks Musk's bold entry into advanced chip manufacturing.
Read MoreA Federal Reserve official warns that the US may be entering an era of structural labor shortages, driven by an aging population and restrictive immigration policies, which could reshape the economic and inflationary landscape.
Read MoreIran's Vienna mission issued a formal statement denying any recent missile or drone operations against the UAE. It asserts all current defensive actions aim to counter potential U.S. aggression, vowing to safeguard national interests and security while urging external accusations to be fact-based.
Read MorePresident Trump announced highly productive US-Iran talks, indicating a strong likelihood of a deal. He stated Iran has agreed not to possess nuclear weapons but emphasized no deadlines. This marks a potential breakthrough in protracted tensions.
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