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“There are no unfulfilled obligations as of the date of termination, and Citi committed to ongoing monitoring regardless of termination,” the CFPB acting director wrote to lawmakers this week.

The job cuts were revealed alongside Cisco’s Q3 FY26 results, showing a 12% year-on-year revenue increase to $15.8bn.

China's GDP growth appears on track to meet its full-year target, reducing the need for sizable stimulus to come, Citi analysts say in a note. They note Beijing seems satisfied with current growth momentum based on its announcements.

Shares of European semiconductor companies were edging higher after Foxconn reported robust first-quarter revenue and profit and as President Trump brings a delegation of tech CEOs on his trip to China. Foxconn, which generates a significant share of revenue making AI servers for companies like Nvidia, reported 19% growth in net profit to 49.92 billion New Taiwan dollars and 29% growth in revenue to 2.120 trillion New Taiwan dollars. Meanwhile, Trump is meeting Chinese leader Xi Jinping in a summit attended by Nvidia's Jensen Huang, Apple's Tim Cook and Tesla's Elon Musk.

(Updates with the latest stock price movement in the headline and the first paragraph.) Cisco Sys

Shares of memory chips maker Micron (NASDAQ:MU) jumped 5.3% in the morning session after reports revealed a potential global chip shortage stemming from a competitor's labor issues.

Applied Digital Corp (NASDAQ:APLD) is one of the 7 Best Data Center GPU-as-a-Service Stocks To Buy. On April 28, John Todaro, an analyst at Needham, assigned a target price of $48 to Applied Digital Corp (NASDAQ:APLD) and maintained a Buy rating on the stock. Owing to the incredible stock performance over the last month, the […]

Nebius Group NV (NASDAQ:NBIS) is one of the 7 Best Data Center GPU-as-a-Service Stocks To Buy. On May 12, Nebius Group NV (NASDAQ:NBIS) announced that it had begun construction on its flagship AI factory in Independence, Missouri. This marks the firm’s first infrastructure project at the gigawatt scale. It is a 400-acre facility designed to […]

CoreWeave, Inc. (NASDAQ:CRWV) is one of the 7 Best Data Center GPU-as-a-Service Stocks To Buy. On May 8, Deutsche Bank raised the price target on CoreWeave, Inc. (NASDAQ:CRWV) to $135 from $125 and maintained a Buy rating on the stock. This reflects an upside of 18% from here on. The upward revision to the price […]

Vertiv Holdings Co. (NYSE:VRT) is one of the 7 Best Data Center GPU-as-a-Service Stocks To Buy. On April 28, Amit Daryanani of Evercore ISI reaffirmed a Buy rating and set a target price of $350 on Vertiv Holdings Co. (NYSE:VRT). This reflects an upside of 5% from here on. This followed the company’s announcement of […]

Core Scientific, Inc. (NASDAQ:CORZ) is one of the 7 Best Data Center GPU-as-a-Service Stocks To Buy. Core Scientific, Inc. (NASDAQ:CORZ) released its Q1 2026 earnings report on May 8. It reported revenue of $115.2 million, up from $79.5 million year over year. The Bitcoin miner company reported a loss of $347.2 million in Q1, a […]

The central bank that Wall Street has become accustomed to may be on the verge of significant change.

Its strategy is working.

Nvidia is scheduled to report earnings for its first quarter of fiscal 2027 on May 20.

Alibaba (BABA) and JD.com (JD) are among the roughly 10 Chinese companies that have secured US clear

GameStop CEO Ryan Cohen called eBay leadership 'a bunch of losers' after his $55 billion takeover bid was rejected.

Futures for the main U.S. indexes were building on gains from the previous session as the tech stock rally continues.

A number of stocks jumped in the morning session after oil prices climbed amid geopolitical uncertainty following the U.S. rejection of a peace proposal from Iran.

In the third quarter of fiscal 2026, Aeluma, Inc. reported sales of US$1.22 million, a net loss of US$1.8 million and basic loss per share from continuing operations of US$0.10, marking a shift from net income in the same period a year earlier. Across the first nine months of the fiscal year, sales rose to US$3.88 million while net loss more than doubled to US$5.15 million, highlighting the tension between revenue expansion and the higher costs currently weighing on profitability. With this...

Lowe's Companies (NYSE:LOW) has launched the MyLowe's Pro Rewards American Express Card in partnership with Synchrony and American Express. The new co-branded card gives Pro customers rewards on purchases both at Lowe's locations and with other merchants that accept American Express. The product is aimed at expanding payment flexibility and rewards options for business customers who shop regularly for home improvement supplies. Lowe's, trading at around $220.45, is putting more focus on its...

Why Himax Technologies (HIMX) Is Back On Investors’ Radar Himax Technologies (HIMX) has drawn fresh attention after recent share price moves. This has prompted investors to revisit how its current valuation lines up with the business, including semiconductor exposure across display, automotive, and sensing products. See our latest analysis for Himax Technologies. The recent surge in Himax Technologies’ share price, with a 30-day share price return of 122.30% and a 1-year total shareholder...

Samsung Electronics on Thursday proposed that its South Korean labour union resume pay talks after government-mediated negotiations fell apart, a ‌union leader said, citing a letter from the company. South Korea's Labour Commission also ‌called on the two sides to hold another round of government-mediated talks on Saturday in a bid to avert ​a threatened lengthy strike. "There is no reason to continue the dialogue without institutionalisation and transparency," union representative Choi Seung-ho said in response to the letter, referring to the union's demand for an overhaul of Samsung's bonus scheme.

Asian equities are struggling to make clear gains despite a constructive tone from the Trump-Xi summit, says Patrick Munnelly at Tickmill Group. The MSCI Asia Pacific is up just 0.2% after earlier rising 0.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) reported higher production, stronger refinery utilization and continued investment in upstream projects during the first quarter of 2026, while executives said the company is monitoring fuel-price volatility and prioritizing capital discipline. Chief E

The cosmetics company is dealing with several headwinds.

Shares of digital advertising platform The Trade Desk (NASDAQ:TTD) fell 7.8% in the morning session after the stock continued to pull back as it released first-quarter 2026 financial results that featured an earnings miss, weak forward guidance, and a subsequent wave of analyst downgrades.

The price of Bitcoin was rising slightly but stayed below $80,000 after falling to a one-week low in the previous session. Higher-than-expected U.S. inflation data for April on Tuesday reduced the prospect of interest-rate cuts by the Federal Reserve, denting risk appetite and boosting the dollar.

The S&P 500 rose 0.6%, and the Nasdaq Composite added 1.2%. The president and a group of top business leaders are attending a summit with Chinese leader Xi Jinping. Kevin Warsh passed the final Senate vote hurdle.