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Wednesday, May 20th, 2026Market indexes advanced strongly off a slightly higher open this morning, with news that a deal to end the war in Iran may be within reach. A “letter of intent” to end the war following 30 days of negotiations has sent a surge of positive sentiment through the stock market. The Dow gained +645 points, +1.31%, the S&P 500 grew by +79 points, +1.08%, the Nasdaq +399, +1.54%, and the small-cap Russell 2000 +70 points, a gaudy +2.56%.Time will tell how this all transpires, and last we heard there are some real disagreements regarding uranium enrichment, the…

Middle East & Africa Proptech The Abu Dhabi Projects and Infrastructure Centre (ADPIC) assembled a major coalition of partners to spearhead the emirate’s US$57billion infrastructure drive. Leading developers and financial institutions, including Modon, Aldar, Bloom Holding, and the Abu Dhabi Investment Office (ADIO), joined forces for the Abu Dhabi Infrastructure Summit (ADIS) 2026. The summit, which took place at ADNEC from 12–14 May, reinforced Abu Dhabi’s position as a stable, pro-investment destination for global partners. The coalition, which also included the Abu Dhabi Housing Authority, LEAD Development, Reportage Properties, and Etihad Rail, reflected a unified…

It don’t matter the context and it certainly don’t matter the veracity of the comment. In this market, it seems that what matters is just the who. And when Trump says something, markets move. In the latest episode, his comment about the US being in the “final stages of talks” with Iran was enough to turn the tide in risk sentiment yesterday.The overall market mood was more tepid and cautious all through this week, but there were some steadier hands yesterday. And dip buyers were rewarded with Trump delivering another positive headline, even if there wasn’t much backing to it.…

The market spent the last two years focusing on one dominant theme: artificial intelligence. But a new question is now emerging beneath the surface of the AI rally: What happens when AI systems begin consuming electricity at industrial scale? According to comments repeatedly emphasized by Jensen Huang, the next phase of AI may not be defined only by semiconductor performance, but also by energy availability and infrastructure capacity. That shift matters. Because modern AI systems are fundamentally different from traditional computing workloads. Large language models, inference engines, agentic AI systems, robotics, video generation platforms and hyperscale data centers require enormous…

Reserve Bank of Australia board members felt this year’s rate hikes would give them room to observe how the Middle East conflict would develop, minutes of the bank’s May 4–5 policy meeting show.The minutes, published today (May 19), show that board members felt financial conditions would “probably be somewhat restrictive” following their decision to raise rates by 25 basis points to 4.35%. “They therefore agreed that the decision would give the board space to see how the conflict in the Middle Only users who have a paid subscription or are part of a corporate subscription are able to print or…

An Alibaba logo is displayed at the company’s booth at China International Fair for Trade in Services (CIFTIS) in Beijing, China, Sept. 10, 2025. Maxim Shemetov | ReutersCHONGQING, China — Alibaba announced Wednesday its new artificial intelligence chip is three times more powerful than its predecessor, as rival Nvidia struggles to get its advanced chips into China.The Zhenwu M890 delivers three times the performance of the current Zhenwu 810E, Alibaba said, adding that the new processor has 144 GB GPU memory and interchip bandwidth of 800 GB per second.The e-commerce and technology giant said it had already delivered 560,000 Zhenwu…

After gaining 44% over the past year, Apple stock is now trading at $297.84 and sitting near its 52-week high of $303.20. The question most investors are wrestling with right now is straightforward: is there still money to be made here, or did you miss the trade? I have been watching this stock carefully, and the honest answer is more nuanced than a simple yes or no.Where Apple Stands Right NowApple’s market cap is $4.37 trillion. That alone tells you this is not a speculative bet. The stock is trading above both its 50-day moving average at $267 and its…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxPrimer has raised US$100 million in Series C funding to expand its AI payments platform and grow its US business.The round was led by Sofina, with participation from Peak XV Partners and existing investors Balderton, Accel, ICONIQ, Tencent and Speedinvest.Primer will use the funds to develop AI tools for payments and finance teams, including Primer Companion, its AI agent for merchants.Founded in 2020, Primer helps merchants manage payments across processors, acquirers, fraud tools and payment methods.Its platform captures more than 400 data points per transaction, manages more than…

Elon Musk stormed out of the state and took the headquarters of SpaceX and Tesla with him. But many current and former employees still call it home.

The bottom window is the daily and top window is the NYSE McClellan Oscillator. Market bottoms are made when a “Selling Climax” is generated and right after a “Sign of Strength” is seen. A Selling Climax in McClellan Oscillator terms is when it reaches below -200; A Sign of Strength in McClellan Oscillator terms is when it reaches +200. For a bottom to from in the market the McClellan Oscillator would need to go down to -200 or lower to +200 or higher in 30 days or less. We noted on the bottom window when the Oscillator reached -200 with…