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In our previous update on the Semiconductor Index, we showed that, based on historical analyses of the relative strength indicator (RSI) returns for the short-, intermediate-, and long-term, the average returns were -7%, +15-25%, and -8 to -26%, respectively. See Table 1 below. Table 1: Forward returns when the daily RSI5 and 14 are above 95 and 83.5, respectively Fast-forward to today, the index lost 6.7% at the April 28 low and has since risen ~11% from the April 26 high. So far, so good. The index is right on track. Moreover, in our previous update, we used our Elliott…

Magyar sworn in as Hungary’s prime minister on promises of change

The Iowa Natural Heritage Foundation has asked a federal agency to allow a likely-to-be abandoned Des Moines-area rail line to be converted to a multi-use recreation trail. In a letter dated April 27, foundation president Joe McGovern asked the Surface Transportation Board to take the necessary steps to allow public use of the 12.2-mile stretch of rail line between Grimes and Des Moines that Norfolk Southern Railway Co. is proposing to be abandoned. McGovern wrote that the foundation was writing the letter on behalf of the Polk County Conservation Board, and the cities of Des Moines, Grimes, West Des Moines,…

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system in the Semiannual Risk Perspective for Spring 2026. Bank earnings improved in 2025, supported by loan growth and a decline in funding costs. Balance sheets remain strong and credit risk within the federal banking system remains manageable. Earnings releases for the first quarter of 2026 indicate that these trends have generally persisted. The OCC highlighted credit, market, operational, and compliance risks, as key risk themes in the report. The report also discussed innovation. Highlights from the report include: Credit conditions and…

Make CryptoSlate preferred on The CLARITY Act is finally moving toward a long-awaited Senate Banking Committee markup next week, but its path is being complicated by a fight over whether Congress should impose new ethics restrictions on federal officials and elected leaders involved with the crypto industry.On May 7, crypto journalist Eleanor Terrett reported that the draft text of the crypto market structure bill had circulated among industry participants ahead of a potential committee vote.According to her, the language is still being revised, with Democratic priorities expected to shape additional changes before the panel acts.This move marks the clearest sign…

has spent years building toward a moment like this. On May 7, the company reported its fiscal Q1 2026 results after the bell, and the numbers were exceptional across every meaningful metric. Record revenue. Record gross margin. Record backlog. Record new contracts. And Q2 guidance that blew past analyst expectations by a wide margin. For a company that has been one of the most closely watched names in the space sector this year, this was the kind of quarter that validates the entire thesis. A Clean Sweep Across Every Metric Q1 2026 revenue came in at $200.3 million, up 63.5%…

The following is the fintech, digital and wider economic development overview of the Caribbean nation of Cuba in 2026. Cuba, an island nation shaped by revolution, state control, and decades of geopolitical tension, occupies a singular place in the global digital economy. Its troubled modern history, from post-revolution centralisation to the long shadow of the US embargo, has profoundly influenced the way its financial system has evolved. Historically, Cuba’s fintech ecosystem is not constrained by lack of need, but by structural isolation. By 2026, that reality still holds, though signs of cautious progress are increasingly visible. History, pressure and economic…

Apollo Global Management Inc. and Blackstone Inc. are among private credit lenders involved in talks with chipmaker Broadcom Inc. over a roughly $35 billion financing, the latest indication that companies are mobilizing all sources of capital to fund the AI build-out.

A logo of Cloudflare sits outside the company’s house on the opening day of the 55th annual meeting of the World Economic Forum in Davos, Switzerland, Jan. 20, 2025.Yves Herman | ReutersCloudflare reported first-quarter earnings Thursday that beat analysts’ expectations, but the company announced a 20% reduction in its workforce. Shares sank 24% Friday.Here’s how the cloud company did versus LSEG estimates:Earnings per share: 25 cents vs. 23 cents expectedRevenue: $640 million vs. $622 million expectedIn a blog post, the company announced that it is cutting over 1,100 employees, writing that agentic artificial intelligence has “fundamentally changed” the company’s work.”This…

The bulk of interest-rate cuts in Brazil is likely to come only after October elections, according to former Central Bank director Bruno Serra.