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RBA tightens again as Iran war pushes up inflation – Central Banking Skip to main content End of drawer navigation content Price shocks caused by conflict have made all Australians poorer, governor says The Reserve Bank of Australia has made its second rate hike to combat inflation since the outbreak of the Iran war and the third in its current tightening cycle. The RBA’s board tightened policy by 25 basis points to 4.35% today (May 5). The bank also projected that inflation would remain elevated “for some time” and said inflation expectation risks were tilted to the upside. The decision was…

Miami Beach, FL — Arjun Sethi, co-CEO of Payward and Kraken, said the crypto exchange is “about 80% ready” to go public, underscoring the firm’s IPO ambitions as the company rolls out a new partnership with MoneyGram aimed at solving crypto’s “last mile” problem.Speaking alongside Anthony Soohoo, chairman and CEO of MoneyGram, at Consensus Miami, Sethi framed the deal as a way to bridge the gap between digital assets and physical cash, a critical gap in global adoption. MoneyGram brings scale: roughly 500,000 retail locations worldwide.CoinDesk reported in March that Kraken had paused its IPO plans after confidentially filing with…

Key PointsShares of Intel (NASDAQ: INTC) spiked to new all-time highs on Tuesday, following reports that Apple (NASDAQ: AAPL) was considering having the chipmaker build processors for its popular devices. Image source: Intel. Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue » The potential for a major chip supply dealApple is reportedly exploring ways to diversify its chip production network, according to Bloomberg. The tech titan has long relied on Taiwan Semiconductor Manufacturing as its main…

BridgeWise, the global leader in AI for wealth, has entered into a unique strategic partnership with X to provide investors, financial institutions, and quantitative funds worldwide with real-time social sentiment analysis. By integrating X’s global data stream directly into the BridgeWise intelligence engine, the collaboration aims to transform the world’s most active financial conversations into structured, actionable signals for thousands of traded securities. Harnessing the ‘wisdom of the crowd’ The partnership centres on an API-driven integration where BridgeWise’s wealth-native AI analyzes X’s unstructured social data to generate actionable “SentimentWise” insights. To filter out the inherent static of social media and…

Super Micro Computer beat Q3 adjusted EPS estimates at $0.84 vs $0.63 but missed revenue at $10.24bn against the $12.45bn forecast, while guiding Q4 EPS above consensus.Summary:SMCI reported Q3 adjusted EPS of $0.84, well ahead of the $0.63 estimate, according to the company’s earnings releaseThird-quarter revenue came in at $10.24bn, missing the $12.45bn analyst consensus by a significant margin, per the resultsAdjusted gross margin of 10.1% substantially exceeded the 6.75% estimate, according to the earnings reportQ4 adjusted EPS was guided at $0.65 to $0.79, above the $0.57 consensus estimate, per SMCI’s outlookQ4 net sales guidance of $11.0bn to $12.5bn straddles…

is a household name. We all have Prime for shopping, videos, music, books and more. And in every practical sense, this is a consumer discretionary stock.That may be set to change. Because this week, the company just made a major announcement that further extends the company from the shopping platform we all know and love, to further entangle its operations an essential fabric of infrastructure for America’s businesses with the launch of supply chain services. This may not sound like a big deal on the surface, but just ask stockholders of and if this is a big deal or not.…

Check out what’s clicking on FoxBusiness.com. Frozen pizzas sold at Walmart and Aldi are being recalled due to concerns that they may be contaminated with salmonella, as well as other items. On April 30, the U.S. Department of Agriculture’s Food Safety and Inspection Services issued a public health alert for meat and poultry products containing FDA-regulated ingredients that may be contaminated with Salmonella.  Customers who have purchased the recalled products are urged not to consume them, even if they are cooked thoroughly, over concerns about the food-borne bacterium.  RAT POISON FOUND IN BABY FOOD JARS SPARKS CHILLING SCARE, SUSPECT NABBED…

Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 2, 2026.CNBCBerkshire Hathaway shares gave up gains Monday afternoon following CEO Greg Abel’s solid performance over the weekend helming the annual meeting for the first time, as well as a jump in the conglomerate’s earnings.Class B shares of the conglomerate closed nearly 1% lower, after rising earlier in the session following the positive reception to Warren Buffett’s handpicked successor at the Berkshire Hathaway gathering in Omaha, Nebraska, on Saturday. Many in the investment community acknowledged the loss of the wit and storytelling…

Amazon shares have come back to life.After spending months in a choppier range, has rallied roughly 25% over the last month, helped by stronger-than-expected first-quarter results, accelerating Amazon Web Services (AWS) growth, and renewed investor focus on the company’s role in the AI infrastructure buildout.That move has already pushed the stock higher, but the setup may not be exhausted. Sigmanomics forecasts are currently bullish across the 7-day, 14-day, and 28-day timeframes, suggesting the recent momentum may still have room to extend if the stock can hold its current technical footing.Another question is whether the fundamentals support that kind of follow-through.…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxLess than 1% of transactions are agentic today. Trulioo’s CPO believes that could reach 75% within a year, and most of the industry has no trust framework in place.Zach Cohen is the Chief Product Officer at Trulioo, a global identity verification platform that helps financial services companies verify identities and govern transactions across international markets. He leads product strategy at the intersection of AI governance, fraud prevention, and digital identity, and joins FNN to explain what the financial industry is missing as agentic commerce moves from theory to…