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Vessels in the Strait of Hormuz near Bandar Abbas, Iran, May 4, 2026. Amirhosein Khorgooi | ISNA | WANA | Via ReutersIran thinks it can get the Strait of Hormuz to its prewar status within one month of a peace deal with the U.S. Traders on prediction market platform Kalshi are more skeptical. They place just a 38% chance that traffic flows through the strait will return to normal by July 1. The contract defines normal flows as the seven-day moving average of transit through the strait crossing 60 based on data from IMF PortWatch.That level, though, is higher than the…

(INTU), the financial software provider responsible for TurboTax, QuickBooks, and Credit Karma, is currently experiencing a challenging period. Disappointing tax-season results and slowing growth across major business segments have raised concerns regarding the company’s short-term outlook.The stock has plunged approximately 62% from its 52-week high of $813.70 to its current price near $320 – a level tested in August 2020.Intuit outlined FY 2026 revenue of $21.341B-$21.374B. The company also cut its workforce by 17%. Both actions were announced on May 20, 2026.The stock slumped 11% on Wednesday after-hours trading, as the tax preparation, credit tracking, and marketing software firm delivered…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxAlibaba Cloud has launched new AI models, infrastructure upgrades, an AI-native platform and agent products for global customers.The announcements were made at Alibaba Cloud’s first international Qwen Conference in Singapore, where Qwen3.7-Max was made available in the Singapore region through Model Studio.Qwen3.7-Max is Alibaba’s latest large language model for building AI agents.According to Artificial Analysis’ latest global large language model Intelligence Index, it ranked fifth globally and first among Chinese models.Alibaba Cloud also launched a Skills portal that converts cloud capabilities across more than 60 products into skill-based…

The custom-chip maker says revenue growth is expected “to continue accelerating each quarter” for the rest of the fiscal year.

Shares of Salesforce () rose 1.94% ahead of the company’s first-quarter earnings report on Wednesday after the market. Wall Street expects adjusted earnings per share of about $3.11 to $3.13 for the quarter, up from $2.58 a year earlier. Revenue is projected at roughly $11.05 billion to $11.1 billion, representing about 12% year-over-year growth. Key highlights:  Investors are looking for signs that the software giant can stabilize growth and address mounting concerns about how artificial intelligence could reshape the enterprise software industry. The real focus is whether organic revenue can reaccelerate in the second half of the year as Agentforce…

The heatwave has triggered a surge in prices for seasonal items, with the cost of one inflatable hot tub nearly doubling in a week, while an industry expert said air conditioning units had risen by about 17% since April.The Guardian looked at popular items across a range of websites and examined their prices on PriceRunner, an independent price comparison service. One of the biggest price increases was for the Bestway inflatable hot tub Lay-Z-Spa Cancún AirJet, which was available for £160 on 21 May but now retails for a minimum of £299.Of the 11 heatwave-related items examined by the Guardian,…

Lennar Corp., the country’s second largest home builder, is entering the Des Moines market. The screenshot is from a website announcing the company’s entry into the market.  Lennar Corp., the nation’s second largest home-building company, is entering the Des Moines market, a move that will likely increase competition among area home builders and provide more affordably priced homes for consumers. This spring, the company created a Lennar Iowa Facebook page announcing that the Miami, Fla.-based homebuilder was entering the Des Moines-area market with “move-in ready homes” at prices beginning in the $300,000 range. The Facebook page links to a website…

Pope Leo XIV holds his weekly general audience at St. Peter’s Square in Vatican City, June 11, 2025.Massimo Valicchia | Nurphoto | Getty ImagesPope Leo warned over the weekend that a “social calamity” could come from mass unemployment due to the adoption of artificial intelligence technologies. Prediction market traders appear to think that worry isn’t misplaced.In his first encyclical, a document that is a form of teaching by the leader of the Catholic Church, Pope Leo urged the world to regulate AI. He also warned about the effects it may have on the labor market. “The pursuit of greater profits cannot…

Analyst Report: AutoNation Inc

The artificial intelligence (AI) boom has transitioned from an equity market narrative to a defining force in fixed income. Hyperscalers (, , , , and ) are shifting from internal cash flows to substantial bond issuance to fund massive data center, graphics processing unit (GPU), and power infrastructure buildouts. This marks a structural change in investment-grade (IG) credit supply, with important implications for duration, spreads, sector composition, and portfolio construction. In 2025, the five major hyperscalers issued approximately $121 billion in U.S. corporate bonds, more than four times their 2020–2024 annual average of $28 billion. Early 2026 data show continued…