⁠Wall St Engine
Ahead of WWDC, Apple $AAPL says it stopped $2B in fraudulent transactions, rejected 1.7M risky apps, and shut down 146K dev accounts last year
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A record 71% of EU firms say China’s weakening economy is their biggest challenge, ahead of US-China tensions (47%), per EU Chamber survey. Only 12% expect profitability to improve, and 73% say doing business got harder. https://t.co/HP7XIRFTuS
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TAIWAN REVISES 2025 GDP FORECAST TO +3.10% FROM +3.14%; TAIWAN PRELIM 1Q GDP RISES 5.48% Y/Y; EST. +5.40%
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SAUDI AI GIANT HUMAIN TO LAUNCH $10B VC FUND — Backed by the $940B Public Investment Fund, Saudi Arabia’s new AI firm Humain is in talks with OpenAI, xAI, and A16Z, per FT. It’s targeting 7% of global model training by 2030 and has inked $23B in deals with $NVDA, $AMD, AWS, and $QCOM.
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WMO says there’s an 80% chance the world sees another record hot year by 2030, with at least one year likely to top 2024 — the hottest on record. Temps are projected to run 1.2°C to 1.9°C above pre-industrial levels, raising risks of extreme weather and economic disruption. https://t.co/ExDitkk6IS
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One in five CEOs at top 50 carmakers stepped down over the past year, as EV disruption, Chinese competition, and tariff risks shake up the industry, per FT. CEO turnover now outpaces other sectors, with Stellantis, Volvo, Nissan, and Lucid all making leadership changes. https://t.co/oNSpt5jvMD
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Apple's $AAPL iPhone shipments from India to the US jumped 76% in April to 3 million units, while shipments from China dropped 76% to just 900,000, per Omdia via CNBC.
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Opera $OPRA unveils AI-powered browser “Neon,” built to code websites, fill forms, and handle tasks like trip bookings. It runs cloud-based agents so tasks continue offline. Currently waitlisted, Neon will be subscription-based.
https://t.co/GzNj74Lxmk
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Reportedly Apple’s $AAPL testing 200MP camera sensors for future iPhones, aiming to close the gap with Samsung, which has used 200MP sensors since 2023. The upgrade could improve zoom and image quality, but rollout will likely begin with Pro models.
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Telegram’s raising at least $1.5B in a new bond deal, pricing at 9%, with backing from firms like Citadel and BlackRock. This comes as CEO Pavel Durov faces charges in France. Despite legal heat, Telegram hit $540M profit in 2024 on $1.4B revenue and now has over 1B monthly users https://t.co/gRA9pwX4R5
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VOLVO CARS TEMPORARILY HALTS PRODUCTION AT THEIR U.S. FACTORY DUE TO SUPPLY CHAIN ISSUES
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Brent crude is hovering near $65, far below the ~$96 Saudi Arabia needs to balance its budget—and $113 when factoring in PIF domestic spending, per Bloomberg Economics. Both marks are the highest since Vision 2030 launched in 2016. https://t.co/WDezM7YLl3
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Blue $OWL, Chirisa, and PowerHouse just closed a $750M round as part of their $5B JV to build high-performance data centers for AI players like CoreWeave. The Chesterfield, VA campus will deliver 120MW starting 2025, with advanced cooling tech nearly twice as efficient as air systems.
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BRAZIL AIRLINE AZUL FILES FOR CHAPTER 11 BANKRUPTCY PROTECTION
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AMAZON $AMZN & STELLANTIS' $STLA SMARTCOCKPIT PROJECT IS 'WINDING DOWN,' COMPANIES SAY -RTRS https://t.co/zQphErpqsV
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