Samsung Galaxy Z Flip FE Spotted on Geekbench With Exynos 2400 Chipset
Samsung Galaxy Z Flip FE Spotted on Geekbench With Exynos 2400 Chipset
Samsung Galaxy Z Flip FE is expected to land soon as Samsung’s first-ever FE-branded foldable. The South Korean brand is likely to choose to position the Galaxy Z Flip FE as an affordable clamshell foldable smartphone, and it is believed to be announced alongside the Galaxy Z Fold 7 and regular Galaxy Z Flip 7 in the second half of this year. While we wait for the formal reveal, the Galaxy Z Flip FE has been spotted in the Geekbench online database. The listing reveals that it may run the Exynos 2400 chipset.
Samsung’s Galaxy Z Flip FE Shown Up on Geekbench
A Samsung handset has been spotted in the Geekbench online database with the model number SM-F761N. The listing, believed to be that of the Galaxy Z Flip FE, shows a motherboard codenamed s5e9945 and a governor codenamed energy_aware. The chipset of the phone has four cores capped at 1.96GHz, three cores ticking at 2.59GHz, two cores clocked at 2.90GHz, and a prime core clocked at 3.21GHz. These CPU speeds appear to be associated with the Exynos 2400 SoC.
The Geekbench listing suggests Android 16 operating system on the Galaxy Z Flip FE. The phone scored 1,930 points in single-core testing and 6,276 points in multi-core testing. As per the listing, the handset has 7.06GB of RAM, which could be translated to 8GB on paper.
There have been a lot of rumours and speculations around Samsung’s chipset choice for the upcoming foldables. Early leaks indicated a Exynos 2400e SoC for the Galaxy Z Flip 7 FE. However, another recent rumour iterated that the FE model will arrive with similar specifications as last year’s Galaxy Z Flip 6, which has a Snapdragon 8 Gen 3 SoC under the hood.
Samsung used the Exynos 2400 chipset in last year’s Galaxy S24 and Galaxy S24+ in select regions, including India. The brand has stuck with Qualcomm for the Galaxy Z-series foldable devices since their inception. Samsung is speculated to pack watered-down internals in the Galaxy Z Flip FE to keep the cost of the phone as low as possible.
The standard Galaxy Z Flip 7 is tipped to use the Exynos 2500 chipset. Meanwhile, the Galaxy Z Fold 7 is said to launch with the Snapdragon 8 Elite for Galaxy under its hood.
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In chaos of mass DOGE firings, a grieving husband fights to save consumer agency
In chaos of mass DOGE firings, a grieving husband fights to save consumer agency
Eva Steege may have seemed like an unlikely combattant in the pushback against mass firings by the Trump administration. The 83-year-old retired Lutheran pastor was in hospice, unable to walk, when she was asked to join a group seeking to block the administration’s gutting of the Consumer Financial Protection Bureau.
“It took us about five minutes to decide that that was a good thing to do,” her husband Ted Steege, 82, told CBS News in an interview.
When Eva died in March, Ted took her place in the lawsuit which, to this point, has prevented the agency’s dismantling and yielded hundreds of pages of internal communications shedding new light on DOGE’s effort to slash the federal workforce. Steege has become one face of the human toll wrought by the chaos and scope of the mass federal firings that marked the Trump administration’s first 100 days in Washington.
“We saw an opportunity, not just to gain something that we were entitled to, but also to do something that will change lives for lots of dedicated workers and for people all around the country who have suffered injustices, quiet things that nobody ever notices,” Ted Steege said.
The injustice the couple faced originated with Eva’s decision in her 60s to fulfill a lifelong dream of becoming a pastor. To afford her seminary school tuition, Steege said the couple sold their house and took on $43,000 in debt.
For years, they dutifully paid down the debt but, as of January, still believed they owed about $17,000. On the advice of Lutheran Social Services, the couple approached the Consumer Financial Protection Bureau for help enrolling in a federal loan forgiveness program.
Established by Congress in the wake of the 2008 financial crisis, the bureau, known as the CFPB, is tasked with protecting consumers from financial fraud and shady lending practices. Workers reviewing the Steeges’ case discovered the Steeges didn’t need loan forgiveness at all — that in fact they had overpaid and were owed them more than $15,000 in refunds.
Filled with hope, the couple planned on meeting with CFPB staffers on Feb. 10. That morning the Trump administration issued a stop work order effectively shutting down the agency.
“An email came that said, sorry we have different directives,” Steege said. “We can’t meet with you.”
Ted Steege
CBS News
A grieving husband joins the court battle over DOGE firings
Now, he’s fighting to restore the bureau’s functions by staving off the mass firing of its employees. The battle is playing out in federal court, where earlier this month appellate judges issued a ruling to temporarily block the Trump administration’s latest effort to slash the workforce.
The ruling came after a flurry of filings in the case made public a trove of emails, internal chats and sworn employee declarations. The documents revealed a frantic push in April by agency leadership and DOGE officials to fire nearly 1,500 employees — about 90% of the CFPB’s staff.
Helping to carry out the mass dismissals was a 25-year-old DOGE official named Gavin Kliger, who has helped implement cuts across at least half a dozen federal agencies. Kliger has no federal government experience prior to working for DOGE.
CBS News reached Kliger by phone, but he declined to offer comments or answer questions. In a statement, a White House spokesperson disputed the idea that Kliger “managed” the firings at CFPB, but did not clarify his role. In an internal chat made public in the court filings, messages show Kliger claiming he would “be running this operation.”
According to sworn testimony from a CFPB employee, Kliger allegedly demanded staffers prepare firing notices for 36 hours straight, “screaming at people he did not believe were working fast enough, calling them incompetent.”
The White House spokesperson said the allegations against Kliger were “another attempt to diminish DOGE’s critical mission to [make] government more effective and efficient.”
Former director disputes claim of “vast waste”
Before they were put on hold by the court, the CFPB’s Trump-appointed chief legal officer defended the firings, saying they were necessary to “better align with Administration police, and right-size Bureau” and claimed “leadership discovered vast waste”.
The CFPB did not respond to a request for comment about the Steeges’ case or the ongoing efforts by agency leadership to reduce its workforce.
In an interview with CBS News, former CFPB Director Rohit Chopra called that finding of waste “completely made up.” He said the bureau will cease to function if the administration’s cuts are allowed to proceed.
“This is a ‘defund the police’ approach to looking after Wall Street and the financial industry,” said Chopra, who was fired by the White House in February despite President Trump having appointed him to a role on the Federal Trade Commission during his first term.
Chopra said extending help to borrowers like Ted and Eva Steege who are looking to mount challenges against predatory lenders is core to the agency’s mission.
“Every day, thousands of people come to the CFPB for help like this, and all of that looks like it’s getting shut down,” he said.
As the courts wrestle over the administration’s actions, Ted Steege is continuing to pursue Eva’s reimbursement claim, hoping the agency will survive long enough to help deliver the money she was owed.
“She definitely wanted to have that refund money to be part of our estate and make things better for our children and grandchildren,” he said.
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Michael Kaplan is an award-winning reporter and producer for the CBS News investigative unit. He specializes in securing scoops and crafting long-form television investigations. His work has appeared on “60 Minutes,” CNN and in The New York Times.
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US and China Agree to 90-Day ‘Pause’ in Tariff War; Russia and Ukraine May Meet for Talks in Turkey
US and China Agree to 90-Day ‘Pause’ in Tariff War; Russia and Ukraine May Meet for Talks in Turkey
U.S. and ******** officials say they have reached a deal to roll back most of their recent tariffs and call a 90 day pause so they can keep talking to resolve their trade disputes.
Treasury Secretary Scott Bessent made the announcement this morning in Switzerland where negotiations had been held.
“We have reached an agreement on a 90 day pause,” Bessent said, “and substantially moved down the tariff levels. Both sides, on the reciprocal tariffs, will move their tariffs down 115 percent.”
U.S. Trade Representative Jameison Greer said the new tariff on ******** goods “goes down 115 percent. And the ********, on their side, also go down 115 percent, and they remove the counter-measures that they have in place.”
The White House in a press statement said, “The trade deal is a win for the United States, demonstrating President Trump’s unparalleled expertise in securing deals that benefit the American people.”
The head of the ******** delegation, He Lifeng said, “The meeting achieved substantial progress and reached an important consensus.”
Under the agreement, the U.S. still has a 30-percent tariff on ******** goods, three times the ******** tariff on American imports.
The U.S. is by far China’s largest customer, exporting $450 billion in goods each year to America, and Trump’s 145 percent tariffs put a heavy burden on China’s already struggling, export-driven economy.
Sen. John Hoeven (R-ND) told Fox News that China is “under incredible pressure and that’s why you see them coming to the table they way they are coming now. But remember, they’ve been the worst trade abuser of all. It’s not just tariffs, it’s non-tariff trade barriers, it’s stealing our intellectual property, violating patents and copyrights, all these things.”
The announcement of the trade deal sent U.S. stock futures, as well as Asian and European markets, all surging.
Ukraine-Russia Negotiations
While the U.S. and China hammer out their trade dispute, a deal to end Russia’s war in Ukraine is proving far more elusive after Vladimir Putin evaded a call for a 30-day ceasefire by Ukraine and European nations.
Putin has called for direct negotiations with Ukraine, and responded to the ceasefire proposal with an overnight drone attack
While Zelenskyy told his people he’s waiting on a cease-fire agreement, President Trump posted on Truth Social, “President Putin of Russia doesn’t want to have a Cease Fire Agreement with Ukraine, but rather wants to meet on Thursday, in Turkey, to negotiate a possible end to the BLOODBATH. Ukraine should agree to this, IMMEDIATELY.”
Zelenskyy then posted on X, “I will be waiting for Putin in Turkey on Thursday.”
Congressman Michael McCaul (R-Texas) said, “It’s really up to Mr. Putin, who so far has not been negotiating in good faith as to how we proceed from here. And we all want this war to end. We all want peace, but we want a just peace.”
The White House is also taking a victory lap over the ceasefire it negotiated between India and Pakistan, after fighting in the disputed Kashmir region left dozens dead.
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Space Marine 2 Just Became A Whole Lot More Modder Friendly
Space Marine 2 Just Became A Whole Lot More Modder Friendly
Saber Interactive has embraced mod support for Warhammer 40,000: Space Marine 2 by releasing an official Integration Studio for modders of the co-op shooter to use.
Space Marine 2 Game Director Dmitry Grigorenko revealed and released the Integration Studio on May 10, posting a lengthy message about mod support in the Space Marine 2 Modding Hub Discord. “This is the exact same editor we use internally for all gameplay development,” Grigorenko explained in his message. “No more editing files in Notepad and praying you didn’t miss a bracket — Integration Studio makes editing anything SSL-related ten times faster, safer, and more intuitive.”
Although this is only the first iteration of the Integration Studio for modders, Grigorenko says it will already allow players to modify things like level scenarios, game mods, gameplay logic, AI behavior, the AI Director, combo logic, VFX, and the UI and HUD elements. He even shared some MS Paint-like concept art for a “Fishing With Daddy Calgar minigame,” which is apparently possible with Space Marine 2’s new modding tools.
“Watching this community grow, push boundaries, and create incredible experiences has been both inspiring and humbling,” Grigorenko said. “We’re excited to see what you build next — whether it’s a cinematic campaign, wild new game mode, or something we never saw coming.”
Not many online shooters like Space Marine 2 get mod support anymore, so it’s great to see Saber Interactive still support mods after banning them from public matches last year. It’ll be exciting to see what the community comes up with between now and the release of the recently teased Warhammer 40,000: Space Marine 3.
Space Marine 2 is available now for PC, PS5, and Xbox Series X|S.
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Eric Trump’s American Bitcoin going public
Eric Trump’s American Bitcoin going public
The bitcoin mining company backed by President Donald Trump’s sons, Eric Trump and Donald Trump Jr., is set to go public on the Nasdaq through an all-stock merger with Gryphon Digital Mining.
The combined company, American Bitcoin, will trade under the ticker symbol “ABTC,” with the transaction expected to close as early as the third quarter of 2025.
Existing stockholders of American Bitcoin, including the president’s two eldest sons, will own about 98% of the new entity.
It is the latest high-profile move from the Trump family’s growing crypto empire, which already includes the controversial $TRUMP meme coin that is offering a private dinner with the president to top holders of the coin.
EricTrump, who is a co-founder and chief strategy officer of the mining firm, framed the move as part of a broader strategy to cement the country’s leadership in the global bitcoin mining race.
“Every single sophisticated country is using their excess power to mine bitcoin,” Trump previously told CNBC.
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He distanced himself from any direct involvement with his father’s administration but made clear his belief that the U.S. must maintain a competitive edge in the crypto sector.
“We won the space race. We better win the crypto race,” he said.
On the campaign trail, the president repeatedly promised to support U.S.-based bitcoin miners, including telling executives at a closed-door event in Mar-a-Lago that he wants all future bitcoin should be minted on American soil.
The crypto market showed little reaction. Bitcoin is trading at around $104,000, roughly flat over the past 24 hours.
WATCH: Bitcoin miners surge on the back of Donald Trump win
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3 Stocks Beating the S&P 500 Despite Medicare and Tariff Headwinds
3 Stocks Beating the S&P 500 Despite Medicare and Tariff Headwinds
It has been a turbulent start to the year for the healthcare industry, as concerns about major cuts to Medicare and Medicaid coincide with the impact of tariffs on supplies and many other variables. Nonetheless, healthcare stocks have fared well compared to the energy and information technology sectors. The Health Care Select Sector SPDR® Fund (NYSE:), an exchange-traded fund (ETF) with a broad portfolio of stocks across the sector that is typically viewed as a benchmark for healthcare names in general, is down less than 2% year-to-date (YTD). By comparison, the is down close to 3% over the same *******.
Healthcare can be a tricky area for investors because of the predominance of recently established firms seeking a breakthrough medicine or technology to bring to market. These companies can experience massive share price growth when they see a successful trial or receive approval for a new product, but many also falter before that happens.
Instead, investors considering a healthcare play in 2025 might focus on one of the following companies, each well established with decades of history. All of the companies below are highly rated by Wall Street analysts, making them worth watching in the coming weeks and months.
1. Centene Enjoys Solid Membership and Revenue Growth, Advantages of Scale
Centene Corp (NYSE:) provides a wide range of healthcare services and products, including those through Medicare and Medicaid, as well as insurance. The company derives a majority of its revenue from Medicaid—this has been a boon for the company, as it managed to weather the massive sell-off across the market in early April after the Trump administration announced sweeping tariffs.
On the other hand, Centene’s reliance on Medicaid could leave it vulnerable if Congress makes cuts to the program. However, recent trends show that the company’s non-Medicaid business is expanding rapidly. For the first quarter of 2025, Centene reported membership increases to its Marketplace and Medicare segments of 29% and 22% year-over-year (YOY), respectively. This supported adjusted diluted earnings per share (EPS) improvement of 28% YOY and premium and service revenue growth of 17% over the same *******. Centene also reiterated its full-year guidance, signaling optimism for the coming quarters.
Centene enjoys strong momentum in revenue growth, and its size and scope allow it to negotiate for improved pricing on items that may see price increases due to tariffs.
2. Tenet Healthcare Stock Gets Bullish Boost After Q1 Earnings Beat and Ambulatory Expansion Plans
A major provider of general and specialized hospital services and ambulatory care, Tenet Healthcare Corporation (NYSE:) is a favorite among analysts based on 13 Buy ratings and four Holds. In early May, analysts at Goldman Sachs and Morgan Stanley increased their price targets for Tenet, and the company now enjoys upside potential of 17%.
This fresh optimism for Tenet shares is likely driven by the company’s outperformance in its first-quarter 2025 earnings report. Tenet beat adjusted diluted EPS estimates by a full $1.25 per share, achieving a YOY improvement of more than 35%. The company’s strong bottom-line performance may be due to an increase in same-store hospital admissions relative to the same quarter last year.
Tenet’s ambitious expansion plans for its Ambulatory segment will be key to continued growth. The company plans to spend $250 million per year on operations in this area and has added six new centers in Q1 2025. Close to $350 million in share repurchases and solid improvement in deleveraging the balance sheet will likely provide stability and increased shareholder value.
3. Encompass Sees Big Gains Following Earnings Beat, Optimism Remains Going Forward
Post-acute health services firm Encompass Health Corp (NYSE:) also posted better-than-expected results in its last earnings report, prompting several analysts to bolster their price targets.
Investors may want to watch how this firm continues to perform—EHC shares are up more than a quarter YTD, with the sharpest spike in price coinciding with news of the earnings beat.
Analysts expect Encompass to continue building on this success, seeing 10% projected earnings growth over the near term. Whether the company’s share price will continue to climb remains to be seen.
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Epic prepares for Fortnite’s iOS App Store return by boosting its Epic Rewards to 20%
Epic prepares for Fortnite’s iOS App Store return by boosting its Epic Rewards to 20%
Epic Games is preparing for the apparent return of Fortnite to the iOS App Store by making permanent changes to its Epic Rewards scheme.
Originally introduced in May 2023, Epic Rewards lets players earn 5% back in Rewards any time they make a purchase on the Epic Games Store.
Following its announcement that it had resubmitted Fortnite to Apple for inclusion in the iOS App Store, however, the publisher has announced a new incentive to encourage players to buy directly from Epic instead of through Apple’s own payment system.
Starting immediately, any purchases made through Epic’s payment system (including those released by third parties and sold on the Epic Games Store) will give the player 20% in Epic Rewards instead of 5%.
This deal is permanent for Fortnite, Rocket League and Fall Guys – “These 20% rewards in Epic’s games are here to stay”, the company says – but will expire on August 31 for all other purchases on the Epic Games Store.
This means if players were to buy Clair Obscur: Expedition 33 Deluxe Edition for $59.99 from the Epic Games Store, they will get back around $12 in Epic Rewards, to go towards a future purchase.
You now get 20% back in Epic Rewards when you make a purchase in Fortnite on PC, iOS, Android, and the web using Epic’s payment systems! [Hidden Content]
— Fortnite (@Fortnite) May 9, 2025
This applies to subscriptions too, meaning if players subscribe to the $11.99 / £9.99 monthly Fortnite Crew subscription directly via Epic’s payment system on PC, iOS, Android or the web (rather than via the payment systems offered by Apple, Google, Sony or Microsoft on their own devices), they will get $2.40 / £2.00 back in Epic Rewards every month.
It also applies to add-ons and microtransactions, meaning if – for example – a player was to buy 13,500 V-Bucks from Epic directly, they’ll theoretically get enough Epic Rewards back to buy two more 1,000 V-Bucks bundles.
The permanent 20% rise for Fortnite, Rocket League and Fall Guys appears to be directly aimed at Apple, following a US judge’s recent order that Apple had to remove its restrictions around alternate payment methods.
When Fortnite returns to the iOS App Store it will let players choose where to make purchases, a choice previously blocked by Apple but now ordered by US courts.
Apple had previously been sued by Epic in 2020 for taking a 30% cut on all in-app purchases while also banning any alternative ways of making payments outside of Apple’s ecosystem.
Epic moved to circumvent Apple’s platform fees with a new direct payment option in Fortnite, leading to the game’s removal from the App Store and the termination of Epic’s developer account, but Apple was then ordered in 2021 to allow iOS developers to link to external payment options in their apps.
Apple started allowing developers to offer external payment options, but also forced a 27% commission on purchases made through web links in apps, and showed prompts dissuading users from using the web link purchases, which last week was judged to have been a violation of the injunction.
Following the court’s decision last week, Epic stated that it had submitted Fortnite to Apple for review, in the hope of bringing the game back to the App Store in the US.
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NYT Strands hints and answers for Tuesday, May 13 (game #436)
NYT Strands hints and answers for Tuesday, May 13 (game #436)
Looking for a different day?
A new NYT Strands puzzle appears at midnight each day for your time zone – which means that some people are always playing ‘today’s game’ while others are playing ‘yesterday’s’. If you’re looking for Monday’s puzzle instead then click here: NYT Strands hints and answers for Monday, May 12 (game #435).
Strands is the NYT’s latest word game after the likes of Wordle, Spelling Bee and Connections – and it’s great fun. It can be difficult, though, so read on for my Strands hints.
Want more word-based fun? Then check out my NYT Connections today and Quordle today pages for hints and answers for those games, and Marc’s Wordle today page for the original viral word game.
SPOILER WARNING: Information about NYT Strands today is below, so don’t read on if you don’t want to know the answers.
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NYT Strands today (game #436) – hint #1 – today’s theme
What is the theme of today’s NYT Strands?
• Today’s NYT Strands theme is… Keep on keeping on
NYT Strands today (game #436) – hint #2 – clue words
Play any of these words to unlock the in-game hints system.
BEGS
PEST
SALT
DUNE
PATE
SNORE
NYT Strands today (game #436) – hint #3 – spangram letters
How many letters are in today’s spangram?
• Spangram has 10 letters
NYT Strands today (game #436) – hint #4 – spangram position
What are two sides of the board that today’s spangram touches?
First side: left, 4th row
Last side: right, 5th row
Right, the answers are below, so DO NOT SCROLL ANY FURTHER IF YOU DON’T WANT TO SEE THEM.
Today’s best Get Better At Wordle deals
NYT Strands today (game #436) – the answers
(Image credit: New York Times)
The answers to today’s Strands, game #436, are…
LAST
ENDURE
SURVIVE
ABIDE
PERSIST
PERSEVERE
SPANGRAM: STAY STRONG
My rating: Easy
My score: Perfect
Today’s Strands theme immediately made me think about running the London Marathon a few years ago and all of the emotions you need to muster in order to get to the finish line.
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In fact, you need them to get to the starting line too – as that is half the battle with endurance events, especially running ones.
Everyone I know will be yawning at the mention of the London Marathon. I do tend to go on about it a bit, but I see it as a metaphor for life’s eternal struggle. Plus, I like seeing the shock on people’s faces that someone as unfit as me could run 26 miles.
Of course, today’s search words are relevant to plenty of other situations. The human ability to SURVIVE and find a way forward is always something worth celebrating – even if it comes in the form of a word search.
How did you do today? Let me know in the comments below.
Yesterday’s NYT Strands answers (Monday, May 12, game #435)
STANDING
CHARACTER
REPUTATION
STATURE
NAME
SPANGRAM: STREET CRED
What is NYT Strands?
Strands is the NYT’s not-so-new-any-more word game, following Wordle and Connections. It’s now a fully fledged member of the NYT’s games stable that has been running for a year and which can be played on the NYT Games site on desktop or mobile.
I’ve got a full guide to how to play NYT Strands, complete with tips for solving it, so check that out if you’re struggling to beat it each day.
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GPU imports to Malaysia surge by 3,400% in 2025, raising alarm amid smuggling investigations
GPU imports to Malaysia surge by 3,400% in 2025, raising alarm amid smuggling investigations
Malaysia has reportedly recorded an unprecedented surge in GPU imports as per data shared by Taiwan’s International Trade Administration, highlighted in a post by X user @kakashiii111. Despite requests from the U.S. government for Malaysia to strengthen its monitoring of high-tech exports to China, the month of April saw imports of $2.74 billion in GPUs, a monumental 3,400% jump from 2023.
GPU imports in Malaysia have notably witnessed a sharp increase throughout the year. If we look at historical data, imports in the month of January 2025 totaled $1.12 billion, marking a 700% increase year-over-year. February followed with $627 million in shipments, which is slightly lower but still substantial. March saw a dramatic spike to $1.96 billion, a similar 3,400% increase as April, compared to the same month in 2023. Essentially, the country has roughly imported $6.45 billion worth of GPUs in just the first four months of 2025, surpassing the entire sales for 2024.
(Image credit: kakashiii111 on X)
This potentially raises some concerns over the fact that certain buyers are rerouting Nvidia-branded GPUs to the ******** market through Malaysia despite strict norms placed by the U.S. Last month, we reported a similar trend, with customs data showing Taiwan’s exports of computing systems to Malaysia skyrocketing in March to $1.87 billion which is a 366% year-over-year increase and an astonishing 55,117% surge compared to March 2023.
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The massive surge in PC components, including GPUs and AI-accelerators, particularly from Nvidia, aligns with the U.S. government’s tighter restrictions on AI and HPC GPU shipments to China. This has naturally led to speculations that Malaysia is either stockpiling hardware for its own cloud AI ambitions or acting as a hub for ******** buyers trying to bypass the recent sanctions. Notably, the AI Diffusion Rule is set to take effect on May 15, which could make Malaysia a ********* for restricted tech despite recent efforts to crack down on smuggling rings.
As pointed out by Taiwanese media outlet TechNews, Nvidia may not reveal the actual volume of GPU shipments to Malaysia. This is due to a new reporting method that logs revenue based on the customer’s billing location, rather than the physical destination of the goods. This lack of disclosure does raise questions about transparency and could invite further scrutiny from U.S. regulators, especially amid tightening export controls to China and other Southeast Asian countries.
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GlobalFoundries Stock Hits Bottom: Is a Rebound Coming?
GlobalFoundries Stock Hits Bottom: Is a Rebound Coming?
GlobalFoundries Inc (NASDAQ:) stock hit bottom in early Q2 2025, and a rebound is coming. The protracted downtrend and move to long-term lows were driven by a sustained contraction in business that is now over. The rebound can begin because the company’s Q1 results reveal a return to growth and a forecast for acceleration.
How high can it go in the near, mid, and long term? The initial analyst’s reaction is a tepid response from a single firm, lowering the price target to near early May trading levels. However, the broader consensus implies a more robust move to the $48 level that could be achieved by mid-2026.
GlobalFoundries Outperforms and Raises Guidance for Q2
GlobalFoundries did not have a robust quarter in Q1, but the $1.59 billion is worth 2.6% in year-over-year (YOY) growth, the first YOY increase in eight quarters, sufficient to outpace MarketBeat’s consensus by 60 basis points. The company reports growth in critical end markets, including automotive, industrial, IoT, and photonics, a crucial sector for AI. Photonics uses light and photons to transmit data, increasing performance for high-intensity workloads.
The automotive segment grew 10%, while the communications segment jumped 45%.
Margin is another area of strength. The company experienced margin pressure but was able to mitigate it to a degree. The net result is a contracting gross margin offset by improved operating expense and outperformance on the bottom line.
Net income increased by 57%, leaving adjusted earnings above consensus forecasts and the company in a healthy financial condition. Balance sheet highlights at the end of the quarter include reduced cash, assets, and liabilities, with liabilities running at less than 0.5x equity and equity up 2.5%.
The guidance is equally tepid but no less critical for the stock price direction because of growth, acceleration, and potential for outperformance. The company guided in alignment with the analyst’s consensus for a 2.75% YOY growth and may easily outpace the consensus.
The macroeconomic trade environment has semiconductor end-markets scrambling to find alternative sources, and GlobalFoundries is well-positioned to benefit from this. The company’s fabs are located in Singapore, Europe, and the U.S., with expansion underway in the United States.
Sell-Side Activity A Hurdle for 2025
The sell-side activity aligns with the idea that this stock is at a bottom and could rebound soon, but the timing is questionable. Trends in early May include moderately high but declining short interest, a Moderate Buy rating from analysts with a bullish bias, and buying among institutions. However, the analysts’ support is dubious, with price targets falling and leading to the low-end range, the floor for action in 2025.
Likewise, institutional activity is bullish and provides a tailwind for the market. Still, it is weak, with total ownership of less than 20% and trailing-twelve-month inflows equal to less than 3.5% of the market cap. Shares are near long-term lows. Nearly all the remaining shares are owned by Mubadala Investment Company, the state-owned investment company of the United Arab Emirates.
The Technical Outlook: GFS Stock at Bottom but Below Critical Resistance
The technical picture suggests GFS stock reached its bottom in early April and began to rebound. However, the market remains below the critical resistance target, the prior support line. The market will soon retest this level at nearly $37.50, but it may not move higher until later in the year.
The price for this stock will remain range-bound near current levels, with a chance of hitting new lows in that scenario. A price movement above $37.50 would be a bullish signal, potentially sending this market into the $40 to $45 range.
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Borderlands 4 Will Feature Substantial Changes For Co-Op Players
Borderlands 4 Will Feature Substantial Changes For Co-Op Players
During PAX East 2025, Borderlands 4 developer Gearbox hosted a panel in which it revealed more details on the upcoming looter-shooter. One of the primary topics of conversation related to quality-of-life changes for co-op, as Gearbox is aiming to address complaints from previous games in the Borderlands series and apply these improvements to the sequel.
While we already know that the game will feature instanced loot for every player, Gearbox boss ****** Pitchford also commented on how Borderlands 4 will have dynamically scaled difficulty for each player in co-op as well, to keep the game fairly challenging. Other big upgrades include a completely revamped lobby system, drop-in and drop-out co-op, and best of all, fast-travel to friends. Borderlands 2 is currently on GameSpot’s list of the best co-op games, and while Borderlands 3 featured several improvements on this part of the gameplay experience, it wasn’t a dramatic leap forward.
“Co-op is a religion to us. If you play co-op, it is best-in-class co-op by far,” Pitchford said. “We have revamped the lobby system so it’s easier than ever to connect with people, easier to get into a co-operative game. It’s drop-in and drop-out, none of this play for three hours and then you can start co-op. No, just get in, people can drop in and drop out.”
The panel also touched on a few other topics, like the revamped loot chase–expect far fewer Legendary-class weapons in comparison to Borderlands 3–and the other two Vault Hunters joining Vex and Rafa were also revealed. In case you don’t want to play as a Siren or a Tediore Exo-soldier, you can also choose to experience the game as Harlowe the Gravitar or Amon the Forge Knight.
Borderlands 4 will launch for PC, PS5, Xbox Series X|S, and Switch 2 on September 12, but amidst soaring video game prices, not even Pitchford knowswhat it will cost when it arrives or if it’ll be an $80 game like Mario Kart World and upcoming Xbox Series X|S first-party titles.
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Italian bank signs 10-year deal with Google Cloud
Italian bank signs 10-year deal with Google Cloud
UniCredit has signed a 10-year agreement with Google Cloud to “accelerate” its digital transformation by tapping into the supplier’s cloud, artificial intelligence (AI) and data analytics capabilities.
UniCredit will migrate “large sections” of its “application landscape”, including legacy systems, to Google’s Cloud platform across its banking operations in 13 countries.
The bank will also use Google Cloud as its new platform for AI workloads, as well as its AI capabilities, including Vertex AI and Gemini models.
Through AI, it said it wants to develop new service offerings, as well as boost efficiency and improve customer experiences. AI could be applied to investment banking insights, enhanced customer interactions, operational process optimisation and financial crime prevention, added the bank.
Ali Khan, group digital and information officer at UniCredit, said the “partnership with Google Cloud represents a bold move for UniCredit – massively advancing our technology footprint in critical areas such as AI, data and virtualised infrastructure across 13 core markets”.
“What’s more, it does so in a way that meets our cyber posture and resiliency needs. Google Cloud will further enhance the technological innovation we are bringing to core operations and last-mile customer solutions.”
In 2021, UniCredit became a founding member of the European Cloud User Coalition (ECUC) to accelerate the adoption of off-premise services in the financial services industry. A dozen financial institutions from across Europe signed up to the ECUC back then, including the likes of Allied Irish Banks, ING Group, Deutsche Börse, Euroclear and UniCredit.
Google Cloud is building a significant customer base in the banking sector as banks rid themselves of clunky legacy systems and adopt the latest digital technologies.
The supplier recently won a contract with the ***’s Lloyds Banking Group, which announced it would build, deploy and scale AI systems using the company’s services to accelerate production while slashing CO2 emissions.
The financial services giant said it is using Google Cloud’s Vertex AI to build a machine learning (ML) and generative artificial intelligence (GenAI) development platform, which more than 300 of its data scientists will use.
Digital transformation
Commerzbank in Germany also works closely with Google Cloud as part of its digital transformation plan.
In 2021, the bank said it was expanding its work with Google Cloud through a “five-year strategic partnership”. As part of this, it plans to move 85% of applications to Google’s cloud platform by 2024.
Also in 2021, Spanish Bank BBVA enlisted the help of Google Cloud to assist with a revamp of its IT security strategy that is geared towards optimising its infrastructure to withstand large-scale threats.
A global partnership saw BBVA draw on Google Cloud’s portfolio of AI and ML tools to create models that will be used to predict and prevent cyber attacks directed at both its back-office and customer-facing systems.
Unicredit’s CEO, Andrea Orcel, said the agreement marks “a pivotal step in our strategy to be the bank for Europe’s future”.
Ruth Porat, president and chief investment officer at Alphabet and Google, said: “AI is unlocking immense opportunities for business transformation and growth, offering significant economic advantages to organisations that proactively embrace its potential.”
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US Stocks Set to Recover April Losses on Renewed Trade Optimism
US Stocks Set to Recover April Losses on Renewed Trade Optimism
US futures
2.7% at 42314
3.1% at 5832
4% at 20848
In Europe
0.58% at 8600
0.55% at 23617
Stocks surge after US-China trade deal following talks in Geneva
The two sides agree to pause tariffs at pre-Liberation Day levels for 90 days
Apple (NASDAQ:) jumps 6%, Amazon (NASDAQ:) soars 7%
soars 3% on US–China trade deal
Stocks Rise as the US & China Reduce Tariffs
U.S. stocks opened significantly higher as the US and China agreed to a deal to reduce tariffs, signaling a de-escalation in the trade war.
The US will lower tariffs to 30%, down from 145%, and ******** taxes on US imports will fall to 10% from 125%. These new measures will be effective for 90 days. The market is now reassessing what these lower tariffs mean for the outlook of US businesses and the economy.
The volatility index, which is considered to be Wall Street’s fear gauge, briefly slips below the key 20-point threshold for the first time since late March as the mood improves.
The deal between the US and China comes just days after the US-*** trade agreement eased concerns that Trump’s reciprocal tariffs, announced five weeks ago, would spark a worldwide recession.
has fully recovered from its declines from the April 2 tariffs, thanks to Trump’s softening stance and upbeat earnings reports.
Whilst trade developments will remain a key focus, attention will also be on US inflation data due on Tuesday, , and a speech by Federal Reserve Jerome Powell on Thursday.
The market currently expects the to deliver two rate cuts by the end of 2025, in accordance with its guidance.
Corporate News
Apple’s stock is rising 6.5% following the US-China trade deal, and according to reports, the tech giant is considering raising prices for its iPhones.
Amazon is jumping over 7% as the e-commerce giant’s supply chains are heavily linked to China.
majors, including Chevron (NYSE:) and Exxon Mobil (NYSE:), are rising around 2%, tracking oil prices higher in the wake of a trade deal between the two largest oil consumers in the world.
******** stocks, including Alibaba (NYSE:), JD.com, and Baidu (NASDAQ:), are trading substantially higher. This is because ******** stocks benefit from easing tensions between the US and China.
Pharmaceuticals such as Pfizer (NYSE:), Eli Lilly (NYSE:), and Johnson & Johnson (NYSE:) are falling after Trump promised to cut prescription drug prices by 59% but gave no details of how he would achieve this.
Nasdaq 100 forecast – Technical Analysis.
The Nasdaq’s recovery from the 16325 low has surged above resistance at the 200 SMA at 20,220 as it heads towards 21k. The RSI is above 50, supporting further gains while it remains out of overbought territory. Buyers will look to rise above 21k to bring 22k into focus ahead of 22,235 and fresh record highs. Support is seen at 20,300, the 200 SMA, and 20k, the psychological level. Below here, sellers could look towards 19k.
FX Markets – USD Rises, EUR/USD Rises
The rises sharply as the sell America trade unwinds following the US–China agreement. The UD has risen to a monthly high after the two sides agreed to temporarily lower tariffs.
The is falling sharply, down 1.3% at the time of writing, marking its steepest selloff so far this year. The EUR is giving back the gains it saw on almost safe haven flows away from the USD as trade tariffs were announced.
is falling amid USD strength and after comments from BoE deputy Governor Clare Lombardelli, who warned that risks to inflation remain. Lomardelli voted to cut rates last week. However, she said wage growth remains too high for inflation to cool to 2%.
Oil Jumps After Trade Talks.
Oil prices jumped 3% on Monday after the US and China said they would reduce some of their tariff measures, raising hopes that the trade war between the world’s two largest consumers of crude oil could soon end.
Positive talks between the world’s two largest economies could help boost the demand outlook as trade between the two is restored. Oil gained over 4% last week after the US trade deal with the ***, which boosted optimism that disruptions from US tariffs may soon be avoided.
Furthermore, talks between Iranian and US negotiators ended on Sunday, and further negotiations are planned to resolve disputes regarding Tehran’s nuclear programme. Any sign of a USU run could deal with concerns over the global oil supply, which may pressure oil prices.
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Trump says China will ‘open up’ to U.S. businesses, suspend trade barriers
Trump says China will ‘open up’ to U.S. businesses, suspend trade barriers
President Donald Trump, joined by National Institutes of Health (NIH) Director Jay Bhattacharya, speaks during a press conference in the Roosevelt Room of the White House on May 12, 2025, in Washington, DC.
Andrew Harnik | Getty Images News | Getty Images
President Donald Trump said Monday that China “agreed to open itself up to American business” after the two countries agreed to temporarily slash most of the tariffs on each other’s goods.
This is breaking news. Please refresh for updates.
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Nissan to cut over 10,000 more jobs globally, NHK reports
Nissan to cut over 10,000 more jobs globally, NHK reports
STORY: Nissan will slash more than 10,000 jobs.
That was the report from Japanese broadcaster NHK Monday (May 12).
It would bring the total cuts including previously announced layoffs to about 20,000 – or 15% of its workforce.
The struggling Japanese automaker warned last month it would likely book a record net loss for the financial year that ended in March of up to just over $5 billion.
It blamed impairment charges for the projected number.
Nissan is due to announce its full-year results on Tuesday, and declined to comment on the NHK report.
The carmaker wants to make its business leaner and more resilient after doing poorly in its top market the U.S.
Its performance suffered there from a lack of hybrids and an aging line-up.
Nissan has also struggled in China, where it aims to launch some 10 new vehicles in the coming years to fight a steep sales drop.
The firm had already looked to cut 9,000 jobs and reduce global capacity by a fifth as part of its restructuring plans.
Its weak performance forced it to cut its profit outlook four times for the financial year that just ended.
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Tony Hawk’s Pro Skater 4’s upcoming remake is getting a major overhaul in one key area
Tony Hawk’s Pro Skater 4’s upcoming remake is getting a major overhaul in one key area
Tony Hawk’s Pro Skater 3 + 4 will allow players to extend Tony Hawk Pro Skater 4’s 2-minute timer to an hour, it’s been revealed.
By default, Tony Hawk’s Pro Skater 3 + 4 will follow the same gameplay format as Tony Hawk’s Pro Skater 1 + 2, by giving players two minutes to complete as many goals as they can. While this was also the level mechanic in the original Tony Hawk’s Pro Skater 3, this marks a change for Tony Hawk’s Pro Skater 4, which initially concerned some fans.
That’s because, originally, Tony Hawk’s Pro Skater 4 was mission-based, meaning the player would approach NPCs in the world, who would then give them objectives to complete. Once a player had completed enough of those challenges, they could progress to the next level.
In the 2025 remake, those objectives have been mainly removed or refitted into the two-minute format, it’s been revealed. Following a recent preview event for the game, footage has now been shared confirming that the in-game timer can be extended to 10 minutes or an hour.
While it’s unclear if this timer can also be extended on Tony Hawk’s Pro Skater 3 maps, it does mean that players can spend more time on the much larger THPS 4 maps. While it doesn’t appear that this will change the game’s objectives, it means that players can explore the maps more fully and tick off the objectives at a slower pace, similar to the original game.
Tony Hawk’s Pro Skater 3 + 4 will be released on July 11, 2025, although the more expensive Digital Deluxe and Collector’s Editions of the game will offer three days of early access, starting on July 8.
Tony Hawk has said that he will “campaign all he can” for a remake of the Tony Hawk’s Underground series. At the same event this week, it was confirmed that a fan-favourite skater would return to the series.
Bam Margera, known for his roles in Jackass, Viva La Bam and the Tony Hawk series, was seemingly missing from the THPS 3 + 4 roster when it was announced earlier this year.
It was later claimed that Margera would be added to the remake, after Tony Hawk himself allegedly demanded his inclusion.
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India Smartphone Shipments Fell 6 Percent YoY in Q1 2025, Apple Posts Highest Growth: IDC
India Smartphone Shipments Fell 6 Percent YoY in Q1 2025, Apple Posts Highest Growth: IDC
India’s smartphone market experienced a 5.5 percent year-over-year (YoY) decline in shipments in Q1 2025, as per a new report by International Data Corporation (IDC). This downturn is attributed to weak consumer demand and surplus inventory from the previous quarter. Despite the overall market contraction, Apple stood out with the highest 23 YoY increase in shipments, securing a position among the top five smartphone brands in India. Vivo secured top spot in the first quarter by grabbing 19.7 percent market share. Samsung came in second place, followed by Oppo.
As per IDC’s Worldwide Quarterly Mobile Phone Tracker report, India’s smartphone market shipped 32 million smartphones in the January to March ******* this year, registering a 5.5 percent decline YoY. This marks the second consecutive quarter of decline in shipments. Weak consumer demand and surplus inventory from the previous quarter are considered to be the major challenges for the brands.
Vivo, Samsung, Oppo Top India’s Smartphone Market in Q1, 2025
Vivo took a major share of India’s smartphone shipments and maintained its top position in Q1 with a market share of 19.7 percent. The ******** brand registered 14.6 percent YoY growth. Samsung came in second spot with 16.4 percent marketshare. Oppo was in the third spot with 12 percent market share and 11.9 percent YoY growth. Realme captured fourth position with 10.6 percent market share and 2.2 percent YoY growth.
Apple saw the strongest YoY growth among the top five smartphone brands in the first quarter, with a 23 percent increase and a record three million units shipped in the first quarter. IDC notes that the iPhone 16 led the pack, making up 4 percent of total smartphone shipments in India during the *******. The iPhone maker grabbed 9.5 percent market share.
Xiaomi took the sixth position as the brand faced 42 percent YoY decline in shipments in the January-March quarter of 2025. This eroded the company’s market share to 7.8 percent from 12.8 percent in same ******* last year.
Motorola, Poco, OnePlus, and iQOO took the seventh, eighth, ninth, and 10th positions, respectively. According to IDC, Vivo, Samsung, and Oppo held their positions from the previous quarter. Realme overtook Xiaomi to claim fourth place, driven by the strong performance of its budget-friendly Realme 14 series, Narzo 80 series, and P3 series. Nothing registered the highest growth overall, followed closely by Google and Motorola in Q1 2025.
IDC projects a low single-digit growth in smartphone shipments for 2025 due to the ongoing rise in average selling prices (ASPs). However, this is likely to translate into a mid-single-digit increase in overall market value. Brands are focusing on expanding offline distribution without losing online traction, multiple microfinancing options to boost affordability, offerings in the entry-premium segment for upgrades, and marketing generative AI features across price points.
The report notes that India’s ASPs reached a record of $274 (roughly Rs. 24,000) in Q1, growing by 4 percent YoY. 5G adoption is increasing with 29 million 5G smartphones shipped in the quarter. The share of 5G smartphone shipments increased to 88 percent, up from 69 percent in the same ******* last year. Shipments to offline channels grew by 10 percent YoY and share increased to 58.1 percent, while online channel shipments declined by 21.1 percent in Q1 this year.
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Israel to pause Gaza fighting ahead of US hostage ***** Alexander's release by ****** – ABC News
Israel to pause Gaza fighting ahead of US hostage ***** Alexander's release by ****** – ABC News
Israel to pause Gaza fighting ahead of US hostage ***** Alexander’s release by ****** ABC NewsWho Is ***** Alexander, the American Hostage Held by ****** in Gaza? The New York TimesGolan: Rescue of hostage IDF soldier due to US intervention is Israeli ‘national failure’ The Times of IsraelIsrael prepares to receive American hostage ***** Alexander from ****** The Washington PostIsrael committed to ‘intensified’ Gaza operation despite US captive release Al Jazeera
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US-China tariff deal: What does it mean?
US-China tariff deal: What does it mean?
Michael Race
Business reporter, BBC News
Getty Images
The US and China have agreed a truce to lower import taxes on goods being traded between the two countries.
The agreement marks a major de-escalation of the trade war between the world’s two biggest economies, which has sent shockwaves impacting countless other countries, including the ***.
Here’s what it all means.
What has been announced?
Both the US and China have confirmed a reduction in the tariffs they imposed on each other following the initial escalation by President Donald Trump earlier this year.
The deal involves both nations cancelling some tariffs altogether and suspending others for 90 days, by 14 May.
The result is that US tariffs on ******** imports will fall to from 145% to 30%, while ******** tariffs on some US imports will fall from 125% to 10%.
China has also halted and scrapped other non-tariff countermeasures, such as the export of critical minerals to the US, which it put in place in response to the initial escalation.
The US measures still include an extra 20% component aimed at putting pressure on Beijing to do more to curb the ******** trade in fentanyl, a powerful opioid drug.
The announcement came after the two countries held talks in Switzerland, the first between the two countries since Trump sparked the latest tariff war.
What happens after 90 days?
Trying to predict the next steps in this ongoing trade war between the US and China these past few months has been difficult to say the least.
But this is a major agreement between the world’s two powerhouse economies and has been broadly welcomed.
Even if the suspended tariffs are reinstated after 90 days, because the vast majority of the tariffs that were announced after Liberation Day have been cancelled, US tariffs on China would only rise to 54% and ******** tariffs on the US would rise to 34%.
However, talks between both governments are set to continue, so a further deal might be struck.
US Treasury Secretary Scott Bessent said the consensus from both countries was that “neither side wants a decoupling”, while China’s commerce ministry said the agreement was a step to “lay the foundation to bridge differences and deepen co-operation”.
So relations between the US and China are sounding more friendly, but as we’ve seen so far during this Trump presidency, things can change quickly.
What goods do the US and China trade with each other?
In a word – lots.
In 2024, the biggest category of goods exported from the US to China were soybeans – primarily used to feed China’s estimated 440 million pigs. The US also sent pharmaceuticals and petroleum.
Meanwhile, China exported large volumes of electronics, computers and toys.
The biggest category of US imports from China is smartphones, accounting for 9% of the total. A large proportion of these smartphones Apple iPhones made in China.
However, the US buys much more from China ($440bn) than it sells to it ($145bn), which is something Trump has long been unhappy with.
His reasoning in part for introducing tariffs, and higher ones on countries which sell more to the US than they buy, is to encourage US consumers to buy more American-made goods, increase the amount of tax raised and boost manufacturing jobs.
The escalating trade war in recent months has led to a collapse in the amount of goods being shipped across the Pacific Ocean, but investors believe the truce will lead to a rebound, with shares up for some of the world’s biggest shipping firms.
Has either side won?
Politicians on both sides have started and will no doubt continue to claim victory over this truce.
Despite the US and China calling this a joint agreement, people in Beijing will interpret it as the Trump administration walking back from the tariffs, according to Janka Oertel, director of the Asia programme at the European Council on Foreign Relations.
“We are back to square one, now negotiating can begin. The outcome is uncertain but China is in a psychologically stronger position now than before,” she said.
The US will argue its tariff rate on ******** imports, although lower, is still hefty at 30%.
“This trade deal is a win for the United States, demonstrating President Trump’s unparalleled expertise in securing deals that benefit the American people,” a White House statement said.
Economists at Deutsche Bank have suggested the lowering of tariffs, and last week’s ***-US deal on them, means there’s both “a likely cap and floor” to Trump’s rates.
“The *** has one of the least imbalanced relationships with the US and now has a universal tariff rate of 10%. China has one of the most imbalanced relationships and now has a tariff rate of 30%,” said George Saravelos, head of FX research at the investment bank.
“It is reasonable that these two numbers now set the bounds of where American tariffs will end up this year.”
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20 Games we can’t wait to play on Switch 2
20 Games we can’t wait to play on Switch 2
Knushwood Butt2d ago
‘“[The] hardware processing performance [of Nintendo Switch 2] has become necessary for software developers to realize one of Nintendo’s most important goals: proposing new ways to play,” the president said in a translated comment.’
So I guess by that definition, Metroid Prime 4, which is cross-gen, isn’t a new way to play.
While we’re on the subject, open world racing games aren’t remotely new either.
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The Lucky Miner USB stick is a $24 Bitcoin lottery ticket, with 210.7 trillion-to-one odds of mining a BTC block in a year
The Lucky Miner USB stick is a $24 Bitcoin lottery ticket, with 210.7 trillion-to-one odds of mining a BTC block in a year
If you like a gamble, there’s a fascinating little device called the Lucky Miner SOLO-LV02 now available via AliExpress for a modest $24 outlay. This thumb-sized USB-C connected device needs just 1W of power, access to your Wi-Fi, and a Bitcoin wallet. You set-and-forget it, then wait for the Bitcoins to roll in. However, the leisurely hashrate of the Lucky Miner means that you will indeed be lucky to squeeze any BTC out of it. CNX Software likened the diminutive device to “a lottery ticket for Bitcoin,” offering odds of 210.7 trillion-to-one of mining a single BTC block in a year.
Despite the outlandish odds of mining a Bitcoin block with the Lucky Miner SOLO-LV02, there’s still a chance, right? Yes, but the $24 device’s odds of striking lucky are akin to winning the traditional lottery several times in a row. A better bet might be something like the palm-sized Bitaxe, which famously earned a miner 6.25BTC — worth $206,000 — last year, for a hardware cost of ~$180. That 500 GH/s machine faced odds of around 2,667 to one to mine 1 BTC in a year of mining, so its owner was still very lucky. Commercial ASIC mining machines nowadays will offer hash rates in the hundreds of TH/s region, but also chew through 3kW or more and typically cost $3,000-$5,000 to purchase.
(Image credit: Lucky Miner SOLO-LV02, Amazon)
At the time of writing, 1 BTC = $104,000, and thus, successfully mining a Bitcoin block (3.125 BTC) would net you approximately $325,000.
Though you would have to be an extreme optimist to buy the Lucky Miner SOLO-LV02 in order to chase the dream of becoming crypto-rich, the device isn’t without some geeky charm. Powered by an unnamed SoC (suspected ESP32 chip), the mining gadget can’t be described as optimal for its primary purpose, with a weedy hashrate of 72 KH/s. But gadget lovers and tinkerers may be drawn in by its 1.9-inch color TFT display, USB-C port, Wi-Fi connectivity, two-button control, thrifty 1W power consumption, and 85 x 55 x 35mm dimensions. ESP32 devices can, of course, play Doom (for example), so it may be harsh to call the Lucky Miner SOLO-LV02 e-waste.
You may like
Image 1 of 2
(Image credit: Lucky Miner SOLO-LV02, Amazon)
(Image credit: Lucky Miner SOLO-LV02, Amazon)
Some detective work by CNX Software suggests that, as well as being powered by an ESP32, this USB device is very similar to a DIY project dubbed the NerdSoloMiner v2. The quoted hashrate of 78 kH/s (the same as the Lucky Miner SOLO-LV02) provides another smoking gun.
The Lucky Miner SOLO-LV02 is also available on Amazon.com for $34.
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Virtua Fighter 5 REVO Is Coming To Nintendo Switch 2 And Other Consoles
Virtua Fighter 5 REVO Is Coming To Nintendo Switch 2 And Other Consoles
***** has confirmed that Virtua Fighter 5 REVO will be ported to Nintendo Switch 2, PS5, and Xbox Series X|S.
Virtua Fighter 5 REVO is an enhanced version of a fighting game that first hit Japanese arcades in 2006. It was released on PC in January and added features like rollback netcode and 4K support to Virtua Fighter 5. The news of these ports came during a Virtua Fighter Direct held on May 11. While no release date for these new versions was confirmed, ***** confirmed that cross-play support will come as part of the console release, so people can play together no matter what platform they play on.
Legacy Virtua Fighter Projects Producer Seiji Aoki also teased that “we’re going to include even more content to make this much more than a simple port,” but did not elaborate on what he meant by that.
This Virtua Fighter 5 REVO news wasn’t the only reveal of the series’ latest direct. ***** and Nvidia kicked off the Virtua Fighter Open Champions, a worldwide tournament with a grand prize of $100,000.
***** also briefly teased the next game in the Virtua Fighter franchise, which was revealed at The Game Awards 2024. A redesigned Wolf Hawkfield was revealed as a fighter, while an extended dev diary aired, delving into the art direction goals for the new Virtua Fighter game. There’s still no word on a release window for this still-unnamed Virtua Fighter game.
Virtua Fighter 5 REVO is available on PC and in development for Nintendo Switch 2, PS5, and Xbox Series X|S.
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Honor Magic V5 Reportedly Listed on MIIT, 3C Certification Sites; Battery, Charging Details Surface
Honor Magic V5 Reportedly Listed on MIIT, 3C Certification Sites; Battery, Charging Details Surface
Honor Magic V5 is expected to launch as a successor to the Honor Magic V3, which was unveiled in China in July 2024. The company is tipped to skip the Magic V4 moniker. The purported book-style foldable will likely come with a larger battery than the existing model. The handset has now reportedly appeared on a couple of ******** certification sites, which hints at its battery capacity and charging speed. Previous leaks have suggested the probable launch timeline and chipset details of the Honor Magic V5.
Honor Magic V5 Key Features (Expected)
An Honor handset with the model number MBH-AN10 was spotted on China’s MIIT and 3C certification websites, according to a Gizmochina report. This is expected to be the Honor Magic V5. As per the listing, the phone is listed to pack a 2,070mAh and a 3,880mAh dual-cell battery. This means that the battery will have a rated capacity of about 5,950mAh.
The report notes that the Honor may market the Magic V5 with a 6,100mAh typical battery. If true, it would be the largest battery found on a foldable smartphone yet. A recent leak suggested that Vivo’s upcoming X Fold 5 could pack a 6,000mAh battery.
The MIIT listing reportedly further suggests that the Honor Magic V5 will likely support Beidou-3 connectivity for short messaging services. The 3C listing of the handset suggests that it may support 66W wired fast charging, similar to its predecessor.
The report added that the Honor Magic V5 could carry a 6.45-inch LTPO OLED cover screen and an 8-inch 2K inner display. Both panels are expected to support 120Hz refresh rate. The handset may get a Snapdragon 8 Elite SoC and an IPX8-rated water-resistant thin build.
For optics, the Honor Magic V5 will likely come with a 50-megapixel main rear camera with OIS support, an ultra-wide camera, and a 200-megapixel periscope telephoto shooter. The handset may support wireless charging, satellite connectivity, and a side-mounted fingerprint sensor for security.
The Honor Magic V5 has earlier been tipped to launch in late May or early June.
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S&P 500: Surging on US-China Trade Deal Breakthrough
S&P 500: Surging on US-China Trade Deal Breakthrough
The is set to rally at the open, but will it extend its gains much further?
The S&P 500 closed 0.07% lower on Friday, but today it’s set to open dramatically higher following the breakthrough U.S.-China trade deal announced over the weekend. Futures are surging, with up 3.0% and soaring by an impressive 3.9%
This weekend’s high-stakes trade talks in Geneva yielded a positive outcome, with both sides agreeing to a 90-day pause on tariff increases. The U.S. has reduced tariffs on China to 30% (down from at least 145%), while Beijing has lowered duties on U.S. imports to 10% (down from 125%).
Investor sentiment has recently improved, as reflected in last Wednesday’s AAII Investor Sentiment Survey, which reported that 29.4% of individual investors are bullish, while 51.5% are bearish.
The S&P 500 is likely to break out of its short-term consolidation. Although Thursday’s rally failed to decisively surpass the 5,700 resistance level, the index is set to open above the 5,800 mark today – its highest since early March – retracing more of its decline from the February record high.
S&P 500: Little Change Last Week
The S&P 500 declined 0.47% last week, consolidating after two strong weeks of gains. Investors showed caution as they awaited the outcome of the weekend’s trade negotiations.
Now with today’s trade deal news, it looks like last week’s uncertainty was just a quick pause before the rally continues.
Nasdaq 100: Tech Stocks to Lead the Rally
The tech-heavy , particularly sensitive to U.S.-China relations due to significant exposure to the ******** market, is showing the strongest pre-market gains. With futures up 3.9%, the index is poised to open well above the 20,000 level, potentially challenging 20,900.
VIX Set to Plunge
The volatility index, which dipped to a local low of 21.83 on Friday, is expected to drop significantly at today’s open as fear subsides following the trade agreement. A VIX below 20 would signal increased investor confidence.
Historically, a dropping indicates less fear in the market, and rising VIX accompanies stock market downturns. However, the lower the VIX, the higher the probability of the market’s downward reversal. Conversely, the higher the VIX, the higher the probability of the market’s upward reversal.
S&P 500 Futures Contract: Breaking Higher
This morning, the S&P 500 futures contract has broken decisively above the 5,700-5,720 resistance zone that had contained prices last week. This technical breakout, fueled by the weekend’s trade agreement, opens the door to potential moves toward 5,900-6,000.
However, some profit-taking could occur following the initial surge. Support remains near 5,700, which previously acted as resistance.
Conclusion
The S&P 500 is poised for a substantial gap higher this morning following the weekend’s trade agreement between the U.S. and China. While this development significantly improves the market outlook, investors should remain cautious ahead of tomorrow’s key data release.
Here’s the breakdown:
The U.S.-China trade deal represents a significant de-escalation, with dramatic tariff reductions on both sides.
S&P 500 futures are up 3.0% and Nasdaq futures surging 3.9%, indicating powerful technical breakouts.
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