NASDAQ 100 Technology Sector Market-Cap Weighted Index

AI Demand Surges, Wells Fargo and Citigroup Raise Broadcom Price Targets; $35B Financing Reported for Expansion

Microsoft to host a virtual training day on the fundamentals of the Azure cloud platform

Meta Launches Instants App in Taiwan Focusing on Zero-Pressure Authentic Sharing

US Lawmaker Calls for Restrictions on AI Chip Exports to China, Citing National Security

Researchers Disclose Patched "Fabricked" Vulnerability in AMD EPYC Processors

SoftBank's Masayoshi Son is rumored to consider a $60 billion investment in OpenAI, potentially impacting Microsoft

Meta Platforms begins laying off ~8,000 employees globally on May 20 as part of a restructuring to focus on AI

Microsoft confirms an 8GB RAM version of the 2026 Surface Laptop

NVIDIA Announces New AI Research Lab in Singapore

Microsoft, Meta and others collect employee work data to train AI

Intel Receives $8.9 Billion in Government Funding and Collaborates with NVIDIA on New Products

NVIDIA Releases Security Bulletin Disclosing Multiple High-Severity Vulnerabilities in Its GPU Drivers

OpenAI Launches 'Guaranteed Capacity' Product, Pioneering AI Compute Pre-lock Model

Microsoft proposes MOSAIC optical communication architecture, seen as a new direction for AI data centers

Apple, Huawei, Xiaomi Cut High-End Phone Prices for 618

Microsoft to hold 'Days of Knowledge' event

Google Gemini: Gemini Spark to be rolled out to trusted testers this week

NVIDIA Officially Delivers First Self-Developed Vera CPUs to Top AI Labs Including Anthropic and OpenAI

Nvidia Announces AI Research Lab in Singapore, Focusing on Embodied and Efficient AI

Disclosure reveals Donald Trump purchased Microsoft stock in Q1 2026

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Kevin Warsh has been confirmed as the new chairman of the US Federal Reserve. While he asserts commitment to the Fed's independence, concerns arise about potential government influence. Warsh has criticized the Fed's interest rate strategies, reflecting some of President Trump's views, which may impact bond investors.

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What bond investors should know about a Warsh-led Federal Reserve

Economist Justin Wolfers cautioned that ongoing Middle East tensions could pose political risks for Republicans ahead of the November midterm elections, as rising oil prices and Treasury yields pressure the U.S. economy. He questioned when Congress would intervene to protect their positions, noting that the conflict has led to significant oil supply losses and increased inflationary conditions.

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Justin Wolfers Warns 'Mess' In Middle East Will Continue Through The Midterms, Wonders If Republicans In Congress Will 'Step In' To Save Their Jobs

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Kevin Warsh will be sworn in as the U.S. Federal Reserve chair on Friday by President Trump, succeeding Jerome Powell. Warsh's confirmation faced delays due to a criminal probe involving Powell. He takes charge amid rising inflation, influenced by Trump's tariffs and geopolitical tensions. Warsh's first rate-setting meeting is in mid-June, where he may confront pressures for a more hawkish stance on monetary policy as inflation concerns grow.

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Warsh to be sworn in as Fed chair at White House on Friday

The AI boom has led to record spending, with top tech firms projected to invest $800B this year, increasing to $1.1T next year, representing over 3% of GDP. However, this growth has deepened economic divides, as around 10,000 AI insiders have gained over $20M each, while most workers see minimal benefits. Additionally, the AI gains obscure underlying economic issues such as tariffs, war, and sluggish consumer spending.

AI boom fuels record spending but deepens economic divide

Vice President JD Vance asserts that the Trump administration is making progress in strengthening the U.S. economy, with signs of wage growth and economic improvement following challenges inherited from the Biden administration. He acknowledges ongoing economic concerns, including inflation and cost of living, while emphasizing the administration's focus on long-term prosperity, job creation, and reducing inflationary pressures. The economic performance remains a key political issue as the nation approaches the next election cycle.

JD Vance says Trump economy is ‘digging out’ from Biden era

Treasury yields have surged to multi-year highs, with the 30-year yield exceeding 5.1% and the 10-year at 4.6%, driven by inflation concerns. Futures markets indicate a strong likelihood of a Fed rate hike by early 2027, potentially as soon as December. These higher yields could increase mortgage and corporate borrowing costs, negatively impact stocks, and slow economic growth.

Bond yields hit highs as Fed hike bets surge

One result of the massive monetary expansion was an upsurge in inflation, to a peak of over 9% in 2022—which the Fed infamously termed “transitory.”

Grading Powell’s Fed: Good for stocks, bad for affordability

U.S. and European stock index futures experienced a downturn. According to Jin10, S&P 500 futures fell by 0.2%, while Nasdaq futures dropped by 0.4%. In Europe, the Euro Stoxx 50 futures decreased by 0.7%, Germany's DAX futures declined by 0.8%, and the UK's FTSE 100 futures fell by 0.9%.

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STOCKS | U.S. and European Stock Futures Decline

Wall Street declined as rising U.S. Treasury yields pressured technology stocks, with the Nasdaq down 1.5% and the S&P 500 down 1.2%. Analyst Alex King noted that climbing bond yields are a growing concern for investors amid inflation worries, suggesting careful risk management in stocks is necessary due to increased volatility and changing macroeconomic conditions.

- Wall Street experienced a decline on Friday due to rising U.S. Treasury yields and renewed pressure on technology stocks after the recent U.S.-China summit.  
- The Nasdaq Composite led the downturn, falling by 1.5%, while the benchmark S&P 500 decreased by 1.2%.  
- Additionally, the blue-chip Dow Jones Industrial Average also faced losses amid these market pressures.

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SA analyst warns that rising Treasury yields are becoming a market threat

The U.S. Securities and Exchange Commission has settled a civil lawsuit against Indian billionaire Gautam Adani, pending court approval. Additionally, the Justice Department is reportedly close to dropping related criminal fraud charges against Adani, who has pledged to invest $10 billion in the U.S. economy.

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US SEC settles civil lawsuit against Indian billionaire Adani subject to court approval

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