Straight from CNBC…
- The moves came amid broader volatile trade in global bond and equity markets, faced with fears of resurgent inflation.
- SoftBank Group is closely tied to the AI boom through its stake in Arm Holdings, whose chip designs are used in AI servers and data centers powered by Nvidia systems.
- European stocks are expected to open around the flatline on Thursday as investors assess the latest macroeconomic and geopolitical news.
- Borrowing costs edged higher Thursday as investors eye ongoing inflationary pressures in the U.S. economy.
- Japan's largest lenders may face some challenges to keep profit levels at record highs, amid higher credit costs and current geopolitical risks
- The figure outperformed the 9.3% estimate from Reuters.
- Putin left Beijing with declarations of enduring friendship with China and a stack of bilateral agreements — but without the energy breakthrough Moscow desperately sought.
- Nvidia CEO Jensen Huang said the company has "largely conceded" China's advanced artificial intelligence chip market to Huawei.
- Europe has long lagged behind the U.S. and China in AI, but these stocks are riding the wave of investor interest.
- British assets have been volatile in recent weeks, with Prime Minister Keir Starmer's leadership under pressure.
- SpaceX filed for an IPO and plans to list on Nasdaq under ticker SPCX, according to its SEC prospectus.
- The S&P 500 ended a three-day losing streak on Wednesday.
- The S&P 500 snapped a three-day losing streak on Wednesday as Treasury yields and oil prices retreated.
- AI-driven growth and 'America-first' policies are pulling global capital to the U.S., challenging India's appeal as the fastest-growing economy.
- The Department of Justice has set up a $1.8 billion fund that will purportedly compensate victims of prosecutorial overreach under the Biden administration.
- Before SpaceX's upcoming IPO sets an expected record, Alibaba, Facebook and Visa raised historic sums in the U.S.
- CNBC's Jim Cramer said semiconductor and AI infrastructure stocks have replaced software as the market's technology leaders.
- Intuit's stock has been hammered this year as investors worry that generative artificial intelligence models could threaten software companies.
From NPR…
- Two police officers who helped defend the U.S. Capitol during the Jan. 6 riot are suing to block anyone from receiving payouts from a new settlement fund.
- The former prosecutor faces federal charges over allegations that she sent a report on Jack Smith's investigation into President Trump's hoarding of classified documents to her personal email account.
- Israel's national security minister triggered a backlash after releasing videos taunting detained flotilla activists who tried to breach the blockade of Gaza, telling them they should be imprisoned.
- Healthcare workers in eastern Congo said Wednesday they are underprotected and undertrained in a rapidly spreading Ebola outbreak of a rare type of the virus in one of the world's most vulnerable places.
- Ten U.S. mayors from cities such as Chicago and Cincinnati have joined a pact with European mayors to defend democracy and progressive values and fight right-wing populists and authoritarianism.
- Senate lawmakers grilled sports betting industry officials during a hearing focused on recent cheating scandals, companies' marketing tactics and regulatory battles.
- Commencement speakers who bring up the sweeping changes that artificial intelligence is driving are facing boos from the Class of 2026.
- The company is on track to pull off the largest IPO in history — making CEO Elon Musk even wealthier.
- The Supreme Court's recent ruling threatens the power of racial-minority voters in Voting Rights Act cases about not just Congress, but also at least 17 state and local governments, NPR finds.
- Children closest to an incident of gun violence have the most risk of lasting psychological effects. Here's what all parents should know about how to buffer trauma.
From The NY Times…
- More than a dozen emergency officials were hospitalized after responding to a home in a town near Albuquerque. The authorities said there was no threat to the public.
- Ahead of peak wildfire season in the state, a series of blazes has led to evacuation orders for thousands of people. Here’s a quick rundown.
- The Colorado State Democratic Party, reflecting the anger of rank-and-file Democratic voters, rebuked Gov. Jared Polis on Wednesday over his decision to release Tina Peters from prison.
- Reynolds American’s contribution to MAGA Inc. came about one week before the Trump administration announced a new policy on e-cigarettes the company had sought.
- The National Transportation Board has been investigating the cause behind a plane crash in Louisville, Ky., that killed 15 people last year.
- The fund that could offer payouts to Trump allies who accuse the government of mistreatment is not only highly unusual but also appears to violate the administration’s own policies.
- Larry Bushart sued a Tennessee sheriff who claimed he wanted to incite hysteria with a post after Mr. Kirk’s killing and jailed him for 37 days.
- Democrats have been trying to portray Mr. Pratt, a former reality TV star, as a MAGA Republican in the mayor’s race. President Trump just gave them a helping hand.
- Donald Trump’s endorsed candidates are winning Republican primaries across the country, but the president’s unpopularity with the broader electorate could drag the party down in the general election, the Times political correspondent Shane Goldmacher explains.
- President Trump’s commencement address was a mixture of jokes and praise for the seafaring life of the Coast Guard graduates. But there were detours into choppy waters.
- Several Republicans had balked at including the money in an immigration enforcement measure that the party plans to push through on a party-line vote.
- The carrier arrived in the southern Caribbean on the same day that the Justice Department announced charges against Raul Castro.
- The indictment was an extraordinary escalation of the Trump administration’s multifaceted pressure campaign against Cuba’s Communist government.
- In primary races across the country, debates over Israel are taking center stage, dividing Democrats and Republicans alike.
- No president has ever used the federal government to advance his own personal interests and those of his family and allies as expansively and openly as Mr. Trump has.
- The judge overruled a government memo from April, which rejected a records law that mandates preservation of all official presidential documents.
- Investigators suggested that infrequent maintenance requirements, among other issues, appeared to contribute to the faulty part that caused the crash, which killed 15 people last year.
- Republican senators are angry the president is working to unseat their colleagues. But he is also creating more free agents in his own party in Congress willing to defy him.