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On this episode of Stock Movers with John Tucker: – Nvidia (NVDA) shares are higher on news CEO Jensen Huang joined US President Donald Trump on his visit to China as a last-minute addition, thrusting AI and technology into the spotlight before a high-stakes Beijing summit. – Nebius Group (NBIS) is moving this morning as it reported revenue for the first quarter that beat the average analyst estimate. – SoftBank (SFTBY) is up after it reported a surge in quarterly profit due to valuation gains on its OpenAI investment. The gains on OpenAI outweighed lackluster investment gains elsewhere in the…

Global oil inventories falling at record pace, IEA warnsGlobal oil stocks are being run down at a record pace as supply losses mount due to the ongoing Iran war, the International Energy Agency has warned.In its latest outlook report, the IEA reports that global oil inventories fell by 129 million barrels in March, and by a further 117 million barrels in April, as countries dipped into their reserves to cover the shortfall following the Middle East conflict.The IEA, which ordered the largest release of government oil reserves in its history in mid-March, reports: double quotation markMore than ten weeks after…

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2185.22, down 0.3% (-5.55) since yesterday’s close.Seven of 20 assets are trading higher.Leaders: DOT (+2.6%) and BNB (+1.7%).Laggards: SUI (-3.2%) and TAO (-2.7%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

Shares of Navitas Semiconductor (NASDAQ:) rose by more than 24% in heavy trading on May 11, signaling a strong market reaction to the company’s strategic pivot toward high-power enterprise applications. The breakout, which pushed Navitas Semiconductor’s stock price to a new 52-week high of $23.82, is anchored by a foundational partnership with Cyient to establish a gallium nitride (GaN) manufacturing base in India. Investors should see this move as a regional supply chain adjustment; it is the tangible commercialization of the next phase of Navitas Semiconductor’s strategy, a deliberate shift away from commoditized mobile chargers into the high-margin, high-growth sectors of artificial…

Panic has set in for executives at top crypto brokers and prediction market companies. After the landmark ruling from a jury in Los Angeles last week that social media platforms run by Meta and Alphabet are addictive, prediction markets along with retail and crypto brokers are likely the next targets for a flood of lawsuits claiming they knowingly created products designed to hook users. It’s about time.For far too long, retail and crypto brokers have avoided legal scrutiny while ensnaring users. Those brokers who offer leverage to traders – allowing ill-equipped retail investors to essentially borrow money to amplify the…

Prior month MoM revised to 0.7%.and revise higher to 4.3%Prior month ex food and energy 0.2% MoM and 4.0% YoYPPI MoM 1.4% versus 0.5% estimatePPI YoY 6.0% versus 4.9% estimatePPI ex food and energy MoM 1.0% vs 0.3% estimate.Highest since March of 2022. PPI ex food and energy YoY 5.2% vs 4.3% estimatePPI ex food, energy and trade MM +0.6% vs +0.2% last monthPPI ex food, energy and trade YoY 4.4% vs 3.7% last month Services inflation was up 2.5%The two year yield has moved above the 4% level to 4.010% 1.5 basis points. The 10 year yield is up…

UK bond yields off the highs as cabinet ministers offer supportUK government borrowing costs are still elevated as noon approaches, but not quite as high as they were.Bond yields have dipped back after Keir Starmer told the cabinet he was not resigning.After that meeting, several cabinet ministers including Peter Kyle, the business secretary, Liz Kendall, the technology secretary, and housing secretary Steve Reed told reporters they were supporting Starmer.The 30-year bond yield is now up 9 basis points at 5.76%, having hit a new 28-year high of 5.81% this morning (see earlier post).Ten-year bond yields are off their earlier highs…

Advertisers will be hearing about the slate of live events in the coming year — and how AI is being integrated. Plus, media consolidation reshapes the lineup.

Check out the companies making headlines before the bell: Under Armour — The sportswear company slid 14% after posting a loss of 3 cents on revenue of $1.17 billion. Analysts polled by LSEG were anticipating a loss of 2 cents on revenue of $1.68 billion. GameStop , eBay — Shares of GameStop dropped more than 4% after online retailer eBay turned down a $56 billion takeover bid Tuesday from the electronics retailer over doubts over the financing of the deal. Shares of Ebay were slightly lower. On Holding — The running shoes maker fell 5% in the premarket even after…

U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC.Andrew Harnik | Getty ImagesBEIJING — Nvidia CEO Jensen Huang said it would be “a great honor” to travel to China with Donald Trump. But he isn’t among the executives joining the U.S. president to meet Chinese President Xi Jinping — a sign the chipmaker’s sales in one of its most important markets are unlikely to recover soon.Huang has visited China multiple times in the last 18…