US and Iran hold Islamabad talks as Hormuz Strait remains disrupted

Delegations from the United States and Iran are meeting in Islamabad as a fragile two week ceasefire fails to restore normal shipping through the Strait of Hormuz, where more than 800 vessels remain stranded. The truce, brokered by Pakistani Prime Minister Shehbaz Sharif and announced by Donald Trump, triggered a sharp rally in global markets......

Aletheia lifts TSMC price target to record $600 on AI demand

Aletheia Capital has raised its price target on Taiwan Semiconductor Manufacturing Company to $600 from $500, marking the highest forecast on Wall Street while maintaining a buy rating on the stock. The firm also increased its target for Taipei listed shares to 3,000 TWD, applying forward price to earnings multiples of 25 times for US listed......

Oil heads for steepest weekly drop as ceasefire fails to calm markets

Oil prices rose slightly on Friday but remained on track for their sharpest weekly decline since June 2025, with both West Texas Intermediate and Brent crude down करीब 10% over the week, as tensions in the Middle East continued to disrupt confidence in global supply routes. The decline follows a sharp selloff earlier in the week after......

Porsche deliveries fall 15% as China slowdown and US tariffs bite

Porsche AG reported a 15% drop in global deliveries in the first quarter, with volumes falling to 60,991 vehicles from 71,470 a year earlier, as the German carmaker faced weaker demand in China and mounting pressure from new US import tariffs. The results, released on April 10, confirm a continued decline for the brand, which had delivered......

Snap and Qualcomm sign multi year deal to power AR glasses

Snap Inc. and Qualcomm have signed a multi year partnership to equip Snap’s upcoming augmented reality glasses with Snapdragon chips, as the company prepares to launch a consumer version of its devices later in 2026. The agreement builds on more than five years of collaboration between the two firms. Under the deal, Snap’s hardware......

Exclusive: Macron seeks to draw Trump to G7 with post-summit invite to Versailles

French President Emmanuel Macron is reportedly trying to encourage former U.S. President Donald Trump to attend the upcoming G7 summit in France by extending a special invitation to a post-summit dinner at the Palace of Versailles, according to diplomatic sources. The G7 meeting is scheduled to take place in mid-June in Évian-les-Bains,......

Bitcoin tops $72,000 ahead of US-Iran talks and CPI data

Bitcoin crossed $72,000 Friday, fueled by cautious optimism over upcoming US-Iran ceasefire talks and anticipation of a key inflation report later in the day. The top cryptocurrency rose 1.6% to around $72,159 early session, positioning for a roughly 7.3% weekly gain as risk appetite improved to support digital assets. The rally followed......

xAI CFO leaves after six months amid executive exodus

Anthony Armstrong, appointed xAI CFO in October 2025, left Elon Musk's AI firm after about six months, The Information reported Thursday citing two sources familiar. Armstrong, a former banker who advised Musk on his $44 billion Twitter buyout, oversaw finances for xAI and social media platform X. He reported to Bret Johnsen, longtime......

Goldman Sachs warns Brent could top $100 if Hormuz stays closed

Goldman Sachs warned Thursday that Brent crude could average above $100 a barrel through 2026 if the Strait of Hormuz remains closed to normal tanker traffic for another month. The note highlights fragility in the recent US-Iran ceasefire. "The situation remains uncertain," analysts including Daan Struyven wrote after the two-week......

Spacex begins equipment installation in texas chip facility, targets year-end production

SpaceX has begun installing equipment at its advanced semiconductor packaging facility in Texas, marking a key step toward bringing part of its chip production process in-house, according to sources familiar with the project. The facility, located in Bastrop, is expected to focus on packaging radio frequency (RF) chips used in systems linked......

US offers loans of 30 million SPR barrels amid Hormuz blockade

The Trump administration announced Thursday a solicitation for loans of up to 30 million barrels of light crude from the Strategic Petroleum Reserve. This marks the third such exchange since the US tapped emergency stocks last month to counter supply disruptions from Iran's Strait of Hormuz blockade. Bids for crude from the West Hackberry......

MIT engineers silent artificial muscle fibers for robots

Researchers at MIT Media Lab and Italy's Politecnico di Bari developed a new class of artificial muscle fibers that operate silently without motors, external pumps or bulky hydraulic gear. The advance could reshape robot movement and portable assistive device design. The technology, called electrofluidic fiber muscles, appeared in a Science......

Hyundai recalls over 294,000 vehicles in the United States over seat belt defect

South Korean automaker Hyundai Motor Company has announced a large-scale recall affecting more than 294,000 vehicles in the United States due to a potential safety defect involving seat belt anchors. According to the National Highway Traffic Safety Administration (NHTSA), the issue may cause the seat belt anchor to detach during use. This......

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