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Microsoft Considered Buying Cursor Before SpaceX Deal, Sources Say
Tech

Microsoft Considered Buying Cursor Before SpaceX Deal, Sources Say

Sources revealed that Microsoft previously considered acquiring the AI coding startup Cursor before SpaceX announced its own deal. Despite Microsoft's efforts to boost its AI tools, the company ultimately declined to proceed with a bid. The market remains highly competitive, with Cursor, OpenAI, and Anthropic leading the charge. SpaceX, controlled by Elon Musk, announced an agreement to acquire Cursor for $60 billion. This development occurs amid significant investment interest in Cursor and rapid advancements from competitors like OpenAI and Anthropic.

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Markets Cheer Ceasefire Amid Middle East Hostilities
Markets

Markets Cheer Ceasefire Amid Middle East Hostilities

Global financial markets demonstrated resilience, with the S&P 500 and Nasdaq recording new record highs despite ongoing geopolitical tensions. In the Middle East, the definition of a ceasefire is questioned due to continued military actions, including alleged Iranian vessel seizures and a persistent U.S. blockade in the Strait of Hormuz. These tensions caused Brent crude oil prices to jump over 3% to $101.91 per barrel. Furthermore, in a separate development, Fed nominee Kevin Warsh advocated for changing inflation measurement methods, suggesting the use of 'trimmed averages' to filter out extreme price volatility.

South Korea Q1 Growth Beats Estimates, Driven by Chips
Business

South Korea Q1 Growth Beats Estimates, Driven by Chips

South Korea's economy achieved a strong 1.7% GDP growth in the first quarter of 2026, significantly outperforming the median estimate of 1.0%. This robust performance marks the strongest quarterly expansion since the third quarter of 2020. The primary catalyst for this growth was a 5.1% surge in exports, heavily fueled by demand for semiconductors and IT components used in AI infrastructure. Furthermore, facility investment rose by 4.8%, while private consumption increased by 0.5%. Year-over-year, the economy grew by 3.6%, beating expectations.

Palestinian Boy Killed as Settlers Open Fire Near West Bank School
World

Palestinian Boy Killed as Settlers Open Fire Near West Bank School

Two Palestinians, including a 14-year-old boy, were reportedly killed after being shot at a school in the occupied West Bank. Palestinian sources confirmed the fatal shooting, attributing it to an attack involving Israeli settlers. Conversely, the Israeli military claimed the confrontation began after rocks were thrown at a vehicle carrying Israeli passengers. The military stated that a reserve soldier opened fire on suspects and confirmed that the soldier has been suspended pending an ongoing investigation.

Lebanon PM Accuses Israel of War Crimes After Strike
World

Lebanon PM Accuses Israel of War Crimes After Strike

Lebanon's Prime Minister, Nawaf Salam, has accused Israel of committing war crimes following an airstrike in southern Lebanon that killed journalist Amal Khalil and injured Zeinab Faraj. Lebanese authorities also alleged that Israeli forces obstructed rescue efforts. The Israeli military acknowledged the injuries but denied targeting journalists, citing an encounter with vehicles from a Hezbollah-used structure as justification for its actions. International groups, including the CPJ, condemned the incident, while the event took place amid a fragile ceasefire between Israel and Lebanon.

Meta Tracks Keystrokes on Google, LinkedIn for AI Training
Tech

Meta Tracks Keystrokes on Google, LinkedIn for AI Training

Meta is deploying an internal tool, the Model Capability Initiative (MCI), to monitor employee activity by recording keystrokes and mouse clicks across various platforms. The scope is broad, covering external sites like Google, LinkedIn, and Wikipedia, alongside internal tools like Slack and GitHub. Meta states this data is crucial for training advanced AI agents that mimic white-collar work tasks. However, the project has sparked internal alarm regarding privacy, with employees fearing the exposure of sensitive personal and corporate data. Meta has issued assurances that the tool is limited to screen visibility and will not read files or attachments.

Market Movers: Key Stocks & Data for Thursday Trading
Markets

Market Movers: Key Stocks & Data for Thursday Trading

Thursday's market focus centers on the release of jobless claims data at 8:30 a.m. ET, with consensus estimates set at 210,000. Key corporate updates include Intel reporting 20% growth and ServiceNow noting revenue impacts from the Middle East conflict. Investors are also tracking the IPO of X-Energy on Friday. Strong performance has been noted in semiconductor stocks like Broadcom and SanDisk, while other sectors, such as airlines and retail, are facing varied market pressures.

SK Hynix Posts Record Q1 Profit Amid Soaring AI Memory Demand
Tech

SK Hynix Posts Record Q1 Profit Amid Soaring AI Memory Demand

SK Hynix reported record first-quarter revenue and operating profit, attributing the surge primarily to intense global demand for High-Bandwidth Memory (HBM) used in AI data centers. The company maintained a dominant 57% market share in the critical HBM segment. Although Samsung reportedly regained the lead in overall DRAM revenue, the broader DRAM market showed robust growth. Industry experts point to persistent HBM demand outpacing supply, suggesting that chip shortages and high memory prices are expected to continue for the foreseeable future.

Israel Strikes Journalists in Lebanon: Khalil Killed, Faraj Wounded
World

Israel Strikes Journalists in Lebanon: Khalil Killed, Faraj Wounded

A Lebanese journalist, Amal Khalil, was killed in an Israeli airstrike in southern Lebanon, marking the fourth media worker fatality reported since March. Another journalist, Zainab Faraj, was reportedly wounded during the incident. Lebanese authorities stated that the attack occurred in Tayri, amidst a fragile ceasefire between Israel and Lebanon. The Israeli military attributed the strike to threatening activity by individuals from a structure allegedly used by Hezbollah. International organizations, including the UN, have voiced strong opposition to the attacks.

S&P Futures Dip After Record Day Fueled by Trump's Iran Ceasefire
Markets

S&P Futures Dip After Record Day Fueled by Trump's Iran Ceasefire

Major US indices, including the S&P 500 and Nasdaq Composite, reached record highs on Wednesday, largely following President Trump's extension of a ceasefire with Iran. This positive sentiment was further supported by a strong earnings season, with most reporting companies beating earnings estimates. However, by Wednesday night, futures saw minor declines, while individual stocks showed mixed performance. Significant geopolitical tensions persist, highlighted by reports of Iranian activity in the Strait of Hormuz and differing stances on peace talks. Investors are now awaiting key earnings reports and PMI data.

Navy Secretary John Phelan Departs Amid Iran Blockade
Politics

Navy Secretary John Phelan Departs Amid Iran Blockade

Secretary of the Navy John Phelan resigned from his position, effective immediately, according to the Pentagon. The transition saw Undersecretary Hung Cao appointed as the Acting Secretary of the Navy. This departure is significant as it is the first resignation among military service secretaries nominated under President Trump. The announcement occurs while the U.S. Navy maintains a blockade of Iranian ports during a ceasefire. Phelan, who has a background in business rather than military service, was previously praised by the President for his leadership potential.

Lululemon Names Nike Exec Heidi O'Neill as New CEO
Business

Lululemon Names Nike Exec Heidi O'Neill as New CEO

Lululemon has named Heidi O'Neill, a former Nike executive, as its new CEO, effective September 8th. This appointment occurs following a period of weak sales and internal governance disputes, including criticism from founder Chip Wilson. O'Neill, whose background includes roles at Nike and Levi Strauss, stated her intent to build on the company's core strengths and drive global growth. The company is currently managing significant headwinds, including anticipated costs from tariffs and increased market competition. Industry observers view her appointment as a strategic move aimed at revitalizing the brand's performance.

Trump Claims Iran Fractured; Experts Cite Cohesion Amid Crisis
Politics

Trump Claims Iran Fractured; Experts Cite Cohesion Amid Crisis

Donald Trump claimed the Iranian government is severely fractured, citing its non-attendance at talks in Pakistan. However, analysts counter that the Iranian leadership exhibits significant cohesion. The regime has restructured its governance into a single wartime structure to manage the crisis. Officials are actively projecting unity to counter external narratives of division. This new structure consolidates power under a military umbrella, allowing officials to navigate internal hardline pressures and external diplomatic demands.

DOJ Vows Appeal Over Fed Probe Despite Judge's Block
Politics

DOJ Vows Appeal Over Fed Probe Despite Judge's Block

U.S. Attorney Jeanine Pirro confirmed that the Department of Justice (DOJ) plans to appeal a federal judge's order that blocked subpoenas related to its investigation into the Federal Reserve. The probe focuses on alleged cost overruns during the renovation of two historic Fed buildings. Pirro maintained that the investigation is proceeding independently of political matters, despite accusations from Fed Chairman Jerome Powell regarding pressure to lower interest rates. The legal challenge follows a ruling by Judge James Boasberg, and the continued scrutiny has heightened concerns over the Fed's independence.

HHS Rejects Study: COVID Vaccines Prevent Hospitalization, ER Visits
Health

HHS Rejects Study: COVID Vaccines Prevent Hospitalization, ER Visits

A new study indicating that COVID-19 vaccines significantly reduced hospitalization and ER visits for US adults last fall and winter was reportedly blocked from publication by the CDC. Sources claim CDC Director Dr. Jay Bhattacharya halted the publication in the MMWR, citing methodological concerns. Critics argue this rejection is unusual because the study used the standard, established 'test-negative design' via the CDC-led VISION network. The controversy occurs against a backdrop of recent, notable policy shifts by the HHS regarding vaccine recommendations for various demographics.

White House Keeps Records Despite DOJ Claiming Law Unconstitutional
Politics

White House Keeps Records Despite DOJ Claiming Law Unconstitutional

The White House issued guidance mandating staff to preserve work-related records, even after the Department of Justice (DOJ) advised President Trump that compliance with the Presidential Records Act (PRA) was no longer mandatory. The memo directs staff to save official emails and physical documents while exempting personal text messages, unless they document official decisions. The DOJ defended its stance against critics who argue for stricter preservation rules, asserting that the White House remains transparent. Legal challenges persist, with watchdog groups seeking court orders to extend PRA requirements to modern messaging apps. A hearing on the matter is scheduled for May 5th.

Virginia Redistricting Win Boosts Congressional Democrats' Hopes
Politics

Virginia Redistricting Win Boosts Congressional Democrats' Hopes

Democrats celebrated a successful redistricting referendum in Virginia, which passed by three percentage points and could potentially boost their numbers in the U.S. House by up to four seats. Democratic leaders framed the win as a significant victory against partisan gerrymandering efforts orchestrated by Republicans. While the measure allows for temporary district adjustments, it schedules a return to an independent commission in 2031. Republicans, including Donald Trump, disputed the outcome, calling the vote illegitimate. The referendum highlights an ongoing national struggle where Democrats are increasingly relying on voter initiatives to counter partisan map-drawing efforts by state legislatures.

AI Data Center Boom: Why Investors Should Watch BWX Tech
Tech

AI Data Center Boom: Why Investors Should Watch BWX Tech

Market attention is shifting from geopolitical concerns to the massive capital expenditure cycle fueling the AI infrastructure boom. Major tech companies, such as Alphabet, are advancing custom hardware like the TPU 8t and TPU 8i, signaling intense demand for compute power. This rapid buildout is creating a critical power bottleneck, elevating the importance of stable energy sources like nuclear power. BWX Technologies, a key supplier of nuclear components, is highlighted due to its strategic partnership with GE Vernova and its role in the burgeoning Small Modular Reactor (SMR) market. Investors are advised to view BWX as a speculative play benefiting from the long-term, reliable power needs of the global AI data center expansion.

UAE Economy: White House Aid Questions Amid Tourism Slump
World

UAE Economy: White House Aid Questions Amid Tourism Slump

The UAE's economy is navigating significant turbulence, with its tourism sector experiencing a sharp downturn marked by canceled flights and plummeting hotel occupancy. The nation's reliance on international travel has exposed vulnerabilities, leading to a shift in consumer spending toward domestic and regional markets. While the region has a history of rapid post-shock recovery, experts highlight structural concerns. These include the outflow of expatriate labor and the anticipated difficulty in attracting talent following recent business layoffs. Despite these challenges, major investments, such as the Abu Dhabi Disney project, signal continued long-term confidence in the UAE's status as a global tourism hub.

US Allies Seek Currency Swaps Amid Iran War Tensions
World

US Allies Seek Currency Swaps Amid Iran War Tensions

U.S. Treasury Secretary Scott Bessent revealed during a Senate hearing that numerous Gulf allies have requested currency swap lines to stabilize their economies amid tensions with Iran. These swaps are intended to ensure liquidity in U.S. dollars, which are vital for global oil markets. The need for such financial backstops stems from regional instability, including threats to key shipping lanes. While some lawmakers, like Senator Daines, expressed support for the assistance, others, such as Senator Van Hollen, cautioned about the domestic economic burden on U.S. taxpayers. The discussion highlights the intersection of geopolitical conflict and global financial stability.

Barclays: Foldable iPhone Boosts Skyworks, Qorvo Stocks
Tech

Barclays: Foldable iPhone Boosts Skyworks, Qorvo Stocks

Barclays Securities has upgraded its ratings on semiconductor companies Skyworks Solutions and Qorvo, predicting that Apple's potential foldable iPhone launch will significantly boost both stocks. The bank set a $100 price target for Qorvo and $70 for Skyworks, citing multiple positive catalysts. These include the expected foldable device release, the launch of lower-priced Apple models, and the potential standardization of internal modem platforms. Notably, Barclays' bullish forecast runs counter to the current consensus among analysts, who largely maintain 'hold' ratings on both chipmakers.

Crypto Rally Signals 'Animal Spirits' Return to Stocks
Markets

Crypto Rally Signals 'Animal Spirits' Return to Stocks

The financial markets are experiencing a notable risk-on rally, characterized by Bitcoin's push toward $80,000 and surging options trading in crypto-linked stocks like Strategy and Coinbase. Investor sentiment appears highly bullish, evidenced by call option buying ratios reaching 5-to-1 in some instances. Attention is now shifting to whether this strong momentum will transfer to Tesla following its earnings report. While options markets anticipate a significant swing, recent historical data suggests the stock's realized movement has been smaller than implied.

Tesla Stock: Wall Street Focus Shifts Beyond Earnings Report
Tech

Tesla Stock: Wall Street Focus Shifts Beyond Earnings Report

Wall Street analysts suggest that Tesla's upcoming earnings report will be less influential on stock movement than updates regarding its long-term technological ventures. Investor focus is shifting toward energy storage deployment, Robotaxi expansion plans, and the progress of its AI and robotics divisions. Key metrics being scrutinized include the rate of FSD customer penetration and the expansion into new geographical markets. Analysts are looking for concrete evidence of growth potential outside of traditional vehicle sales. Overall, the market is assessing Tesla's trajectory across its diverse, high-potential business segments.

Chelsea Fires Manager Rosenior Amid Losing Streak, FA Cup Ahead
Sports

Chelsea Fires Manager Rosenior Amid Losing Streak, FA Cup Ahead

Chelsea has fired manager Liam Rosenior less than four months into his role following a significant dip in form, highlighted by a 3-0 defeat to Brighton. Assistant Calum McFarlane will serve as the interim coach until the end of the season. The club's poor run of form raises concerns about its qualification for the following season's Champions League, which would impact finances. This dismissal marks a pattern of instability, as Rosenior is the fifth permanent manager to leave since the US ownership took control. Chelsea has stated it will conduct a thorough review to appoint a stable, long-term head coach.