π₯πΊπΈ Shares of AI chip manufacturer Cerebras surged by 70% on debut trading, marking the largest IPO in the U.S. this year. Cerebras chips are seen as a competitor to Nvidia's AI chips. The company already has agreements with major players in the AI sector, including OpenAI and Amazon, aiming to increase the use of its chips. Weeks prior to the IPO, Japan's SoftBank Group and its subsidiary, British chipmaker Arm Holdings, made an offer to acquire the company, which Cerebras declined. mt Π² max
π Applied Materials reported Q2 revenue of $7.91 billion, exceeding estimates of $7.65 billion. Adjusted earnings per share stood at $2.86, surpassing the expected $2.66. The company anticipates its semiconductor equipment business will grow by over 30% this year, driven primarily by advancements in artificial intelligence.
πβοΈ The likelihood of an El NiΓ±o event developing in the equatorial Pacific from May to July is 82%, with a 67% chance of it being strong or very strong during its peak from November to January. El NiΓ±o could disrupt global weather patterns, increase the odds of record-high average global temperatures, and threaten world crops this year, according to a report by BBG.
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β οΈπ¨πΊ Cuba has announced that it has completely exhausted its reserves of diesel fuel and heavy fuel oil.
πΊπΈ Former President Donald Trump reported trading activities worth $220 million in the first quarter of 2026. An ethics filing revealed thousands of trades involving U.S. stocks, including securities associated with major companies such as Microsoft, Meta Platforms, Oracle, Broadcom, Bank of America, and Goldman Sachs. For more information, visit the NBC News report. Check out further insights at mt Π² max.
π―π΅ Japan's Producer Price Index (PPI) for April shows a significant rise in inflation. Month-on-month, the PPI increased by 2.3%, up from the previous 1%. Year-on-year, it rose by 4.9%, compared to the earlier 2.9%. This marks a sharp acceleration in producer inflation in Japan for April.
β οΈπ―π΅ The Bank of Japan is likely to raise interest rates in June, according to analysts surveyed by RTRS. On May 12, the Bank signaled a potential rate hike due to concerns about inflation risks linked to the ongoing conflict in the Middle East.
π BTC continues to test its 200-day moving average as attention turns to the Senate's vote on the Clarity Act. The outcome of this legislation could have significant implications for the cryptocurrency market. Investors are watching closely as developments unfold. For more updates, visit mt Π² max.
π’ The cargo turnover of Russian seaports increased by 2.6% over the first four months of the year, according to data from the Marine Center and the Institute for Financial Studies.
π¨ In March 2026, the balances in Russian citizens' term deposits fell by nearly β½290 billion, marking the first decline since autumn 2022, according to RBC. Earlier in March, Anton Siluanov indicated that a shift from deposits to markets was already underway. As interest rates decrease, Russians are expected to increasingly turn their attention from bank savings to the stock market. mt in max
π¨πΊπΈπ¨π³ Boeing shares fell by 5% yesterday, marking the steepest daily decline since October 2025, despite former President Trump announcing that China is ready to purchase 200 airplanes. In an interview with FOX News, Trump stated that President Xi initially aimed for 150 planes but later decided on 200. However, experts noted that expectations during the visit to China were for a deal on 500 aircraft, indicating a significant "failure" in negotiations. mt in max