Pershing Square proposes $65 billion deal to acquire Universal Music Group

Investment firm Pershing Square, led by billionaire investor Bill Ackman, has put forward a proposal to acquire Universal Music Group (UMG) in a deal valued at nearly $65 billion, combining cash and stock. According to the offer, the transaction would value the world’s largest music company at approximately 30.4 euros per share. The......

Asian markets rise on ceasefire hopes amid US Iran tensions

Asian stocks and emerging market currencies edged higher on Monday as reports of a possible temporary ceasefire between the United States and Iran lifted investor sentiment, despite an approaching deadline set by US President Donald Trump for Tehran to reopen the Strait of Hormuz. Trading volumes remained thin due to public holidays across......

Micron surges on HBM4 deliveries and record memory price forecasts

Shares of Micron Technology rose roughly 3 percent in pre-market trading on Monday as investors weighed a string of positive developments: volume shipments of the company's HBM4 memory for NVIDIA's next-generation AI platform, surging contract memory prices, and the fallout from a record second fiscal quarter. The move extends a volatile......

Chinese scientist reveals military uses of space solar power project

A senior Chinese scientist involved in Beijing's ambitious space-based solar energy program has published a paper detailing how the technology could be adapted for military operations, including surveillance, electronic warfare, and communications control, offering a rare public acknowledgment of the dual-use potential of one of China's......

NY Fed reports rising supply chain pressures in March

Supply chain pressures in the United States increased in March, reaching levels not seen since early 2023, according to data released by the Federal Reserve Bank of New York. The bank’s latest Global Supply Chain Pressure Index (GSCPI) rose to 0.68 in March, up from 0.54 in February. A reading of zero represents normal supply conditions,......

Artemis II crew flies past the Moon, set to break Apollo 13 distance record

The four astronauts aboard NASA's Artemis II mission are swinging around the Moon on Monday in humanity's first crewed lunar voyage in more than 53 years, with the crew on course to shatter a distance record that has stood since 1970. Commander Reid Wiseman, pilot Victor Glover, mission specialist Christina Koch, and Canadian Space......

BNY Mellon named financial agent for new Trump accounts program

The U.S. Treasury Department announced that the Bank of New York Mellon (BNY Mellon) has been selected as a financial agent to support the rollout of the new Trump Accounts program. BNY Mellon will assist in developing the Trump Accounts application and manage the initial accounts, while Robinhood will act as the brokerage and initial trustee......

US service sector slows in March as input costs hit 3.5-years high

Growth in the U.S. services sector slowed in March, while the costs businesses pay for inputs surged to levels not seen in over three years, signaling rising inflation pressures amid ongoing geopolitical tensions in the Middle East. The Institute for Supply Management (ISM) reported that its non-manufacturing purchasing managers index (PMI)......

Goldman Sachs upgrades Netflix to buy, citing advertising growth and buyback potential

Goldman Sachs upgraded Netflix from Neutral to Buy on Monday, raising its 12-month price target to $120 from $100, with analyst Eric Sheridan citing a "more favorable risk-reward setup" ahead of the streaming giant's first-quarter 2026 earnings on April 16. The new target implies upside of roughly 26 percent from current levels. Sheridan's......

BanRay campaign urges public to treat AI smart glasses as unwelcome in shared spaces

A grassroots campaign called BanRay has become the latest flashpoint in a widening debate over wearable surveillance, urging the public to treat always-recording AI smart glasses as unwelcome in shared spaces. The campaign, hosted at BanRay.eu, argues that devices such as the Meta Ray-Ban smart glasses have turned ordinary eyewear into a "surveillance......

US court rules States cannot block prediction market platform Kalshi

A U.S. federal appeals court has ruled that the state of New Jersey cannot block the operations of Kalshi, a platform that allows users to trade on the outcomes of real-world events, including sports. The decision marks a significant development in the legal debate surrounding prediction markets and their classification under U.S. financial......

South Korea risks Hormuz oil runs as Asia's energy crisis deepens into sixth week

Six weeks into the war between the United States, Israel, and Iran with no ceasefire in sight, Asia, the destination for roughly 90 percent of the oil and 83 percent of the liquefied natural gas that normally transits the Strait of Hormuz, is bearing the heaviest economic toll of a conflict it did not start. Iran effectively closed the strait......

China bans Jack Dorsey's Bitchat messaging app from the App Store over censorship concerns

Apple removed Jack Dorsey's decentralized messaging application Bitchat from the Chinese App Store in February 2026 following a formal request from China's Cyberspace Administration of China, as Dorsey confirmed Sunday in a post on X. The ban targets the app's ability to operate entirely without internet access or national telecommunications......

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