Stock futures are little changed as investors brace for Nvidia earnings: Live updates – CNBC
Stock futures are little changed as investors brace for Nvidia earnings: Live updates – CNBC
Stock futures are little changed as investors brace for Nvidia earnings: Live updates CNBC’Fast Money’ traders talk how to play Nvidia ahead of earnings CNBCNvidia under pressure to show growth despite U.S. chip export controls AxiosSemiconductor ETF options show caution ahead of Nvidia results ReutersAnalysts issue rare warning on Nvidia stock before key earnings TheStreet
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Teen star Fonseca becoming a grand slam seed slayer
Teen star Fonseca becoming a grand slam seed slayer
Brazilian teenager João Fonseca is making a habit of drawing big crowds at tennis tournaments – and of beating seeded opponents in his Grand Slam debuts.
Fonseca, the 2023 US Open junior champion and currently ranked 65th, played his first match in the main draw of a major at the *********** Open in January, when he knocked off No.9 seed Andrey Rublev.
On Tuesday the 18-year-old delighted a loud and overflowing group of spectators at 1500-capacity Court 7 and won the first French Open match of his nascent career, brushing past 30th-seeded Hubert Hurkacz 6-2 6-4 6-2.
In doing so he became the second-youngest men’s match winner at the clay-court major in the past 10 years, behind only an 18-year-old Carlos Alcaraz in 2021.
“I’m young, and I’m getting the experience of everything now,” said Fonseca “So I’m learning a lot from this circuit and this environment.”
Last year’s champion at the Next Gen ATP Finals, Fonseca needed just one hour, 40 minutes to wrap up the victory, producing more than twice as many winners, 36, as unforced errors, 15, and repeatedly delivering booming forehands.
“I mean, he’s (got) a very powerful game,” said Hurkacz, who reached the Wimbledon semi-finals in 2021 by beating Roger Federer in the last match of the 20-time major champion’s career. “He’s definitely an all-around player and can develop a lot. It’s difficult to play against him.”
All along, Fonseca heard plenty of support from the Brazilians who haven’t had a Grand Slam champion to cheer for since Gustavo Kuerten was winning three French Open titles in 1997, 2000 and 2001.
In the month after the *********** Open Fonseca won his maiden tour-level title in Buenos Aires and he now boasts an 11-7 tour-level season record.
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Circle IPO has peculiar Facebook-like characteristic
Circle IPO has peculiar Facebook-like characteristic
Jeremy Allaire, co-founder and CEO of Circle, speaks at the 2025 TIME100 Summit in New York on April 23, 2025.
Jemal Countess | TIME | Getty Images
Stablecoin issuer Circle stands to be one of the first significant cryptocurrency companies to go public in the U.S. That’s not the only unusual aspect of its IPO.
In Circle’s updated prospectus on Tuesday, the company said it would sell 9.6 million shares in the offering, while existing shareholders would sell 14.4 million shares. It’s exceedingly rare in a tech IPO for more shares to come from investors than the company.
Facebook was one of the few notable exceptions. In the social network’s massive 2012 IPO, which raised a then-record $16 billion, 57% of the shares were sold by existing stakeholders. Circle is even higher at 60%.
Circle, the company behind the popular USDC stablecoin, didn’t provide a reason for its decision, and a spokesperson declined to comment. The company is profitable, having generated $64.8 million in net income in the latest quarter. It had almost $850 million in cash and equivalents, and stands to raise another $240 million in the IPO, based on the midpoint of its expected range of $24 to $26 a share, according to Tuesday’s filing.
One reason for the hefty amount of insider sales is likely the extended stretch of meager returns for venture capital firms. After the market peaked in 2021, soaring inflation led to increased interest rates, pushing investors out of risk and forcing late-stage tech companies to forego IPOs, often slashing their valuations to raise money in the private market. Wall Street was bullish on an IPO ***** when President Donald Trump took office in January, but few debuts have taken place.
Add it all up, and Silicon Valley’s tech investors are badly in need of liquidity.
“Private investors are desperate for exists so they can distribute back to their investors,” said Lise Buyer, founder of IPO consultancy Class V Group, though she said she isn’t certain of the company’s motivations. “It probably reflects a multiyear drought in IPOs and a strong desire by early investors to get some liquidity.”
Circle CEO Jeremy Allaire, who co-founded the company in 2013, is offloading about 8% of his stake, selling 1.58 million shares, according to the prospectus. Sean Neville, a co-founder and former co-CEO, is slated to sell 11%, as is finance chief Jeremy Fox-Green.
Venture firms Accel, Breyer Capital, General Catalyst, IDG Capital, and Oak Investment Partners are all scheduled to sell about 10% of their stock. While insider sales could present a troubling signal to Wall Street, Buyer said the investors’ remaining holdings show they’re still expressing belief in the company.
“The big guys are holding enough so they still have skin in the game, so that shouldn’t alarm investors,” Buyer said.
For most tech IPOs over the years, the percentage of float coming from investors has been significantly below half. In Reddit’s IPO, insiders sold 31% of the shares. The percentage was 36% for online grocery delivery company Instacart in 2023.
Sometimes it’s much less than that. CoreWeave, a former cryptocurrency miner that now rents out Nvidia chips, went public in March, with executives and other shareholders making up 2.4% of the shares sold. Back in December 2020, Airbnb investors accounted for about 3% of IPO shares, and in DoorDash’s IPO that same week, existing investors didn’t sell any stock.
During times when IPOs are hot and stocks are flying after their debut, investors are incentivized to hold and pocket the gains after the lockup ******* expires. That’s not today’s market, which helps explain why half the shares sold in stock brokerage firm eToro’s IPO earlier this month came from existing investors.
Exit activity for U.S. VCs rose almost 35% last year to $98 billion after hitting the lowest in a decade in 2023, according to the National Venture Capital Association and PitchBook. The peak was over $750 billion in 2021.
“This continuation of the post-2021 liquidity drought highlights persistent issues around exit pathways and investor behavior,” the NVCA wrote in its annual yearbook, which was published in March.
In some cases, companies need insiders to sell stock just so there’s enough float for there to be a market for trading. If Circle wasn’t including investors in its share *****, it would be offering less than 5% of outstanding shares to the public. For eToro that number was 7%.
— CNBC’s Ari Levy contributed to this report.
WATCH: Circle CEO on launching the first stablecoin in Japan
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Trump campaign against law firms dealt another setback as judge blocks executive order
Trump campaign against law firms dealt another setback as judge blocks executive order
WASHINGTON (AP) — President Donald Trump’s campaign against the legal profession hit another setback Tuesday as a federal judge struck down yet another executive order that sought to sanction one of the country’s most prestigious law firms.
The order in favor of WilmerHale marks the third time this month that a federal judge in Washington has deemed Trump’s series of law firm executive orders to be unconstitutional and has permanently barred their enforcement.
“The cornerstone of the American system of justice is an independent judiciary and an independent bar willing to tackle unpopular cases, however daunting. The Founding Fathers knew this!” wrote U.S. District Judge Richard Leon.
To permit the order to stand, Leon wrote, “would be unfaithful to the judgment and vision of the Founding Fathers.”
The firm applauded the ruling from Leon, an appointee of former Republican President George H.W. Bush.
“The Court’s decision to permanently block the unlawful executive order in its entirety strongly affirms our foundational constitutional rights and those of our clients. We remain proud to defend our firm, our people, and our clients,” a spokesperson for the firm said.
The ruling was similar to one from Friday by a different judge that rejected a Trump edict against the firm of Jenner & Block and another one from earlier in the month in favor of the firm Perkins Coie.
The firms had all been subjected to Trump executive orders that sought to impose the same set of consequences, including suspending security clearances of attorneys and barring employees from federal buildings. The orders have been part of a broader effort by the president to reshape American civil society by targeting perceived adversaries in hopes of extracting concessions from them and bending them to his will.
Several of the firms singled out for sanctions have either done legal work that Trump has opposed, or currently have or previously had associations with prosecutors who at one point investigated the president.
The order against WilmerHale, for instance, cited the fact that the firm previously employed former Justice Department special counsel Robert Mueller, who led an investigation during Trump’s first term into potential ties between Russia and Trump’s 2016 campaign.
Other major firms have sought to avert orders by preemptively reaching settlements that require them, among other things, to collectively dedicate hundreds of millions of dollars in free legal services in support of causes the Trump administration says it supports.
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Trump Media Raises Money to Buy $2.5 Billion in Bitcoin – The New York Times
Trump Media Raises Money to Buy $2.5 Billion in Bitcoin – The New York Times
Trump Media Raises Money to Buy $2.5 Billion in Bitcoin The New York TimesDJT shares fall 10% as Trump Media says it’s raising $2.5 billion to buy bitcoin CNBCTrump Media to raise $3 billion to spend on cryptocurrencies, FT reports ReutersTrump Media says investors will fund a company ‘bitcoin reserve’ through share purchases AP NewsBitcoin Price Jumps. Why Cryptos Are Loving Life Under Trump. Barron’s
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Apple Sinks After New 25% Tariff Announcement—What’s The Bottom?
Apple Sinks After New 25% Tariff Announcement—What’s The Bottom?
There seems to be a very small list of stocks that are now immune to President Trump’s recent trade tariff announcements. The implementations are starting to hit more industries and companies as a whole, with no certainty or clear expectations. The latest round seems to be focused on the technology sector, with a new announcement that wasn’t directed toward the peer group as a whole, but toward a specific company.
In an unexpected move, President Trump imposed a 25% tariff on Apple Inc (NASDAQ:)., telling Tim Cook, the company’s CEO, that a new tariff would now be applied to all iPhones and potentially other Apple products manufactured in India and not the United States. Of course, this severely changes the future path of Apple’s business and the way investors know it today, since there are several implications.
Moving its supply chain and logistics network from India to the United States might take longer than the company (or customers) would like. Still, the cost of keeping the bulk of production in India could be just as bad in the future. Whether Apple decides to move or stay, raise prices or seek alternative measures—well, that’s what the bulls are trying to figure out today. Until the answer comes from the company itself, finding a potential bottom seems to be the most important thing.
A Technical Lesson for Apple
Like every major stock in a market or even an index like the , there is one key technical level that all investors need to be aware of (especially what happens behind these levels). In every cycle, an index will tend to pull back by as much as 20% from its all-time highs, signaling a potential decline in economic outlooks or forecasts in the future.
That being said, two things will typically happen whenever these bearish expectations get priced into an index (or major stock like Apple). Margin requirements from brokers and other financial institutions will increase during the volatility, forcing participants to inject more cash into the system to keep their positions or close out and dump their assets by default.
Now, both Apple and the S&P 500 tested this key level during the so-called “Liberation Day” of April 2025, and it seems that market participants made the former choice of injecting cash into the system, giving everyone a new sense of hope that the economy might have another set of lungs to keep running upward.
Knowing that most of the new money was recently injected at this level, investors can see it as a potential support level to be tested and respected. If that is not the case, then a ******* decline might be in the works for the company moving forward.
Considering Apple stock’s 52-week high of $260.1 per share, this 20% decline support area can be set to roughly $208 per share, slightly above where the stock fell after this new 25% tariff announcement was made. Now, this is where timing comes into play for Apple investors.
The Clock Is Ticking: Will Apple Recover?
It’s been less than a week since Apple breached this key level, so it might be too early for everyone to tell whether their stock will keep making lower lows or whether new participants will find it compelling enough to keep injecting more cash into the system.
That being said, investors can game this situation out for the future. What are the chances that Apple will return its production to the United States? Well, then, how much will labor costs increase the price tags on iPhones and MacBooks? Consumers are likely to see a significant increase from the prices they know today.
On the other hand, Apple could choose to follow what other competitors are doing (or at least are probably thinking of doing): bringing technology into the assembly and manufacturing process, bypassing the inherently more expensive labor that would result from producing Apple products in the United States.
Another potential scenario could be that Tim Cook yields to President Trump’s wishes for onshore manufacturing and grants a phase-out of these tariffs to give Apple enough time to make the necessary adjustments. Whichever the case may be, investors will likely know ahead of time by seeing how the stock reacts to this key technical level.
In any of these cases, there must be a reason for the market to pay up to 51.8x for the stock on a price-to-book (P/B) basis, which is a steep premium to the rest of the computer sector’s average of 6.7x. If the market is now willing to still pay up for Apple’s balance sheet, it must mean they trust it will handle this situation to seek the best outcome for shareholders.
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Southwest Abandons Its Soul to Compete With the Spirit of the Market
Southwest Abandons Its Soul to Compete With the Spirit of the Market
Southwest Airlines (NYSE:) has officially ended its longstanding free checked bag policy, a cornerstone of its service model for nearly six decades. Beginning with flights booked on May 28, 2025, and thereafter, passengers will pay $35 for their first checked bag and $45 for the second piece of luggage.
However, customers who purchased tickets before Wednesday will still receive two free checked bags under the previous policy.
The airline has built extensive marketing campaigns around its trademarked “bags fly free” slogan, which executives had previously described as key to differentiating the budget carrier from its rivals. The policy change represents one of the most significant shifts in Southwest’s operational model since the company’s founding.
Several passenger categories remain exempt from the new charges, including A-List tier members of the Rapid Rewards loyalty program, holders of Southwest’s branded credit card, and those traveling on Business Select fares.
A-List preferred members and Business Select customers will continue receiving two free checked bags, while A-List members and select customers get one free checked bag. Credit card holders will receive a credit covering one checked bag fee.
Southwest’s new pricing aligns with industry standards, as Delta Air Lines (NYSE:), American Airlines (NASDAQ:), and United Airlines all charge between $35 to $40 for the first checked bag. Other carriers like JetBlue Airways (NASDAQ:) and Frontier Airlines implement variable pricing based on factors such as online purchase timing and departure dates.
Revenue Impact and Competitive Positioning
The implementation of baggage fees represents a substantial revenue opportunity for Southwest, which handles two to three times as many checked bags as other airlines due to its historically generous policy. Despite offering free checked bags, Southwest still collected $83 million in baggage fees during 2024 from charges on third bags ($150) and overweight luggage (up to $200), according to Department of Transportation statistics.
This figure pales in comparison to competitors’ baggage revenue streams. American Airlines collected $1.5 billion in baggage fees in 2024, while United Airlines pulled in $1.3 billion and Delta garnered $1 billion. The airline estimated in September 2024 that charging bag fees would generate approximately $1.5 billion annually, though it anticipated losing $1.8 billion in business from customers who previously chose Southwest specifically for its generous baggage allowance.
The fee structure change coincides with Southwest’s introduction of “basic economy” fares beginning Wednesday, replacing the famous “Wanna Get Away” fare. These low-priced tickets come with extensive restrictions and represent the airline’s effort to compete with ultra-low-cost carriers while generating additional ancillary revenue through fee-based services.
Activist Investor Pressure Drives Transformation at Southwest
Southwest’s policy changes stem from mounting pressure to boost profitability following activist investor Elliott Investment Management’s acquisition of a $1.9 billion stake in the carrier in 2024. The airline reached a truce with Elliott in October to avoid a proxy fight, but the hedge fund secured several seats on Southwest’s board of directors.
The baggage fee implementation represents just one element of Southwest’s broader operational transformation. The company previously announced it would abandon its open-seating policy in 2026, retrofitting planes with assigned seats that include premium options with extra legroom for additional charges. According to Southwest, open seating represents the primary reason passengers cite when switching from Southwest to competitors.
These changes reflect Southwest’s evolution from a low-cost carrier focused on operational simplicity to a more traditional airline model that generates revenue through ancillary services. The airline has also expanded its distribution channels, recently beginning to sell tickets through Expedia (NASDAQ:) after traditionally limiting sales to its own website, aiming to attract more customers through broader market reach.
The transformation comes as Southwest faces financial pressures, having announced in February 2025 the elimination of 1,750 jobs, representing 15% of its corporate workforce in the first major layoffs in the company’s 53-year history.
The airline has also introduced additional service changes, including requirements for passengers to keep portable chargers in plain sight due to concerns about lithium-ion battery fires.
The stock showed strong upward momentum throughout the trading session, with the day’s range between $31.44 and $32.58, indicating investor approval of the revenue-generating policy changes.
Southwest’s stock performance reflects broader airline sector strength, with the company maintaining a market capitalization of $18.555 billion. The stock has demonstrated resilience over the past year with a 24.20% gain, though it remains down 2.58% year-to-date. Over longer periods, LUV has struggled with a 24.78% decline over three years, highlighting the importance of the current transformation strategy.
The airline’s financial metrics show both challenges and strengths, with a trailing P/E ratio of 34.78 and forward P/E of 23.81. Southwest maintains $8.25 billion in total cash against a debt-to-equity ratio of 85.37%, providing financial flexibility during its operational transition. However, the company reported negative levered free cash flow of $837.25 million, underscoring the urgency behind revenue-enhancement initiatives.
Analyst sentiment remains mixed, with price targets ranging from a low of $19.00 to a high of $40.00, averaging $29.42. The current trading level above the average target suggests market optimism about Southwest’s transformation strategy, with the baggage fee implementation serving as a tangible demonstration of management’s commitment to profitability improvements demanded by activist investors.
***
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.
This article was originally published on The Tokenist. Check out The Tokenist’s free newsletter, Five Minute Finance, for weekly analysis of the biggest trends in finance and technology.
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Cabinet solidarity not taken to Nationals party room, Bridget McKenzie says
Cabinet solidarity not taken to Nationals party room, Bridget McKenzie says
A senior Nationals senator at the centre of the stoush with the Liberals says David Littleproud did not take a key issue to their party room.
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Todd and Julie Chrisley Officially Pardoned by President Donald Trump in Bank Fraud and Tax Evasion Case
Todd and Julie Chrisley Officially Pardoned by President Donald Trump in Bank Fraud and Tax Evasion Case
Todd and Julie Chrisley have officially been pardoned by President Donald Trump on Tuesday, May 27
The longtime couple reported to prison in January 2023 for tax evasion and bank fraud
The two rose to fame on USA Network’s Chrisley Knows Best
Todd and Julie Chrisley have officially been pardoned in their ongoing case.
On Tuesday, May 27, President Donald Trump announced that he had granted Todd, 56, and Julie, 52, full pardons. The longtime couple were previously convicted of tax evasion and bank fraud in 2022 before reporting to prison in January 2023.
“It’s a terrible thing but it’s a great thing, because your parents are going to be free and clean,” Trump said to the couple’s children via phone call. “I hope we can do it by tomorrow.”
Todd and Julie had been appealing their case since being sentenced in November 2022.
This is a developing story.
Read the original article on People
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With two jail escapees still at large, New Orleans manhunt continues – The Washington Post
With two jail escapees still at large, New Orleans manhunt continues – The Washington Post
With two jail escapees still at large, New Orleans manhunt continues The Washington PostEscaped inmate possibly spotted in Natchez, Mississippi WDSUOrleans jail escapee captured in Baton Rouge with help from anonymous tip, authorities say WAFBOne of 10 NOLA escapees spotted in Natchez WAPT3 more escapees from a New Orleans jail are caught, leaving 2 at large, officials say NPR
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Delicious Orie retires: Boxer announces shock decision to quit after one pro fight
Delicious Orie retires: Boxer announces shock decision to quit after one pro fight
Heavyweight Delicious Orie has retired from boxing after a short stint in the professional ranks.
Orie, 27, made his pro debut in April, beating Bosnian Milos Veletic on points, but has now decided to walk away from the sport.
The Russian-born Briton won gold at the 2022 Commonwealth Games and represented Great Britain at the Paris Olympics.
“I have decided to hang up my gloves and retire from boxing to follow up on my degree and enter the corporate world,” Orie said on Instagram.
“Over time, I’ve come to recognise that the same fire and love I once had for boxing has gradually faded.
“As I’ve grown, I’ve come to value clarity and honesty with myself above all.
“I hoped that turning professional would reignite the passion, but the truth has become clear: it hasn’t.”
Alongside boxing, Orie also has a first-class honours degree in Economics and Management from Aston University.
Orie had 39 amateur fights and turned down an offer from the WWE to continue boxing.
He added: “Every fighter knows you need a deep love for the craft to reach the top – and without it, there’s no path forward.
“Out of respect for the sport and for myself, it’s time to step away with honesty.”
He was a hot favourite for the heavyweight gold in Paris, but suffered a shock early exit from the Games.
The Briton, once dubbed the next Anthony Joshua, was tipped to fight for world honours in the coming years.
He signed with promotional outfit Queensberry earlier this year having been pursued by all the major promotional companies in the ***.
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Sam Altman’s newest venture has built a robot to decide if you’re human
Sam Altman’s newest venture has built a robot to decide if you’re human
Tools for Humanity, co-founded by Sam Altman, has launched a robotic human verification device
The Orb Mini can scan irises and create blockchain-based World IDs
The company is partnering with major brands to bring biometric IDs to finance, dating, and gaming
Staring into a small metal orb and hearing it confirm your humanity is a scene from many a dystopian science fiction story. It’s also an idea that OpenAI CEO Sam Altman thinks should be implemented in real life. That’s the idea behind biometric identity startup Tools for Humanity’s World system. World, formerly known as Worldcoin, is rolling out a portable iris scanner called the Orb Mini in the U.S. to carry out that directive in a way the company claims will benefit people.
The Orb Mini looks like something between a futuristic smartphone camera and a ****** Mirror prop. The device scans your iris to confirm your humanity, creating a unique “World ID,” a blockchain-stored identity token that says, “this person is real and has irises to prove it.”
Sam Altman and company claim a lack of trust is one of the most urgent crises of the modern internet. Unspoken is Altman and OpenAI’s contribution to a world where AI can generate books, deepfake voices, and even realistically awful dating profiles with ease. Tools for Humanity is betting that the next evolution of the internet will require biometric proof that you’re actually a person, not just a particularly well-programmed AI model.
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Human behavior
But it’s not just tech theatrics. Tools for Humanity has lined up some big-name partners to help bring the Orb Mini to everyone. Visa is working with World on a debit card connected to the World App, while Match Group is testing the technology in Japan to verify that the people you see on your dating app are both human and adult. Gaming hardware brand Razer is also exploring how to use World IDs to weed out bots from multiplayer sessions. After scanning your eye, Orb will provide you with a cryptographic identity to use for shopping, flirting, and gaming with other humans.
The company plans to roll out 7,500 Orb Mini devices across the U.S. by the end of the year. You’ll find them at pop-ups, partner company locations, and anywhere else they can get a kiosk to scan your face. The Orb Mini is designed to be portable, so it could go anywhere people with eyes go.
Of course, a company collecting and storing biometric data from millions of people sounds problematic. That’s because it is unless there are a lot of foolproof security systems for storing and accessing the data. Tools for Humanity says it has all that covered with anonymized data, as well as not storing iris images and other privacy-centered features. Still asking people to trust you with their eyeballs may be a big swing.
But, as AI-generated content floods social media and scams get more sophisticated, the appeal of ensuring you’re interacting with actual humans is understandable. A verified human internet is a nice idea, but there are a lot of questions about what it means to have to prove you’re real in a world where realism is becoming suspiciously easy to fake. Trusting that someone is human is tough online; trusting a company to always keep your identity safe is even tougher.
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Two dead, nine hurt in Memorial Day shooting in US
Two dead, nine hurt in Memorial Day shooting in US
Two people are dead and at least nine others are injured following a mass shooting in Philadelphia on Memorial Day.
Two young adults died after the shooting in Fairmount Park, police Commissioner Kevin Bethel said.
Those injured in the shooting were listed in stable condition, he said.
Police said no arrests have been made.
“This is a heinous act of violence that was inhumane. No regard for life,” Mayor Cherelle Parker said at a news conference.
“We will not be held hostage by anyone who decides that they want to get assault-like, warlike weaponry.”
It wasn’t yet clear what led up to the shooting or whether those who were shot were targeted, the police commissioner said.
No weapons had been recovered, but investigators found casings from three weapons, Bethel said.
From the rapid-fire gunshots heard in videos shared on social media, he said they can determine that a switch, which automates a semiautomatic weapon, was used.
“That’s the sound of war. When you have an automatic weapon that you can empty a magazine – a 20-clip magazine – in seconds,” Bethel said. “It is meant to kill, to create carnage and to hit as many people as possible. And in this case, you see, it was able to do that.”
Police identified those killed as Amya Devlin, 23, and Mikhail Bowers, 21. The wounded include a 15-year-old boy and two girls, ages 16 and 17, police said.
he other injured people, four women and two men, range in age from 18 to 28.
Bethel did not know how many people were at the park at the time of the shooting, but noted that estimates were in the hundreds. The shooting occurred despite officers’ presence in the park, Bethel said.
“We try to manage the crowds as they unfold, but at the same token, it is a challenge when individuals decide that they’re going to fire into a crowd,” Bethel said.
Officers were called in to disperse crowds earlier in the evening and met with adults, who agreed to start shutting down, but Bethel said it took time and there a large number of young people blended into the crowd.
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Why Nvidia’s next moves have investors watching closely
Why Nvidia’s next moves have investors watching closely
00:00 Speaker A
If I’m an Nvidia investor, I’m listening to this Patrick. There are some bulls on the street, I know, who actually get more excited about the second half. And I’m curious what you think about that, and among the reasons for the excitement, they talk about it, as you suggested, there may be this China compliant chip. They talk about, hey, listen, the cloud giants, we heard, they’re going to keep spending, spending, spending, and the business with Saudi Arabia and the UAE. Am I missing anything, Patrick?
01:03 Patrick
No, I think, uh, Nvidia’s been back-end loaded for a while, and that’s when, when Blackwell hits, uh, which, um, does a lot more tokens per dollar per second, and a lot of the hyperscalers are, are actually waiting, uh, for Blackwell. I do think that they didn’t buy as many H series as they could have because the economics are so good for them. I also like the move where Nvidia derisked Blackwell a bit, uh, by pulling back on an aggressive chassis design where you can actually use a lot of the same components for the Blackwell 200 as you did for the Blackwell 300. So, uh, second half is, is going to be big. Uh, the capex forecasts indicate that, and Nvidia seems appears to have everything in line. Uh, looks like a little bit less risk than the first half.
02:59 Speaker A
I want to switch gears, Patrick, get your thoughts on another tech story, which was Salesforce acquiring Informatica for $8 billion. Here was the, the skeptical take I, I saw from RBC’s Rishi Jaluria. Rishi telling his clients, while on paper the deal can make sense, integrating MuleSoft, Tableau, and Data Cloud, and using that combination to power Agent force, given the lack of integration of Salesforce assets, we question this vision, he says. Furthermore, even if this logic makes sense, we wonder if there was, if there’s any major advantage to buying Informatica versus partnering. What’s your response to that, Patrick?
04:03 Patrick
So I do like the thesis here. Uh, with all the CIOs that I meet with, one of their top five impediments from rolling out and scaling generative AI is the lack of a coherent data management strategy and the tools to be able to pull all that data. In the Gen AI world, you’re going from east and you’re going from west as opposed to the, the ML world, which was north and south. And what that means is, uh, instead of just, let’s say, uh, activating CRM data, you’re connecting CRM with ERP to SCM to all these other data sets. And that’s why this, this makes sense to me. It also, uh, is parallel to the big growth in Data Cloud that we’ve seen, uh, with Salesforce. We’ve seen this massive growth with even companies like SAP, right? The precursor to big Gen AI action is getting your, your data in line. I do think the comment is fair about a lack of integration, but I expect that integration to happen and needs to happen at a very quick pace. Complexity is another one of those top issues. And if Salesforce can, uh, reduce some of that complexity, reduce some of those steps, reduce some of those operational challenges, I think they have something here.
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South Africa’s president jokes about Trump dust-up – Politico
South Africa’s president jokes about Trump dust-up – Politico
South Africa’s president jokes about Trump dust-up PoliticoSouth Africa president was ‘bemused’ by Trump encounter The HillTrump’s image of dead ‘white farmers’ came from Reuters footage in Congo, not South Africa ReutersAre white South Africans facing a genocide as Donald Trump claims? BBCTrump Showed Images of ‘Genocide’ in South Africa. One Was From the War in Congo. The New York Times
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Banks urged not to ‘label’ people with poor credit scores
Banks urged not to ‘label’ people with poor credit scores
Felicity Evans
Money editor, BBC Wales News
BBC
Tiffany Bramley turned to community lender Purple Shoots to start her cleaning business
A low credit score should not stop someone from getting a loan to start a business, a community lending charity founder has said.
Karen Davies, who founded Purple Shoots to provide credit for people turned away by mainstream lenders, said banks were “missing out a big talent pool”.
Tiffany Bramley, whose bank rejected her request for a loan to re-start her business after her daughter died, said banks “tend to just label people and that needs to change”.
*** Finance, which represents the financial services sector, said the banking and finance industry was “on course to provide over £60bn” in finance for small businesses in the *** this year.
Ms Bramley was running her business in the south of England in 2014 when tragedy struck.
Complications with her pregnancy meant she had to have an emergency Caesarean at 32 weeks and her baby, Tianie, died.
“It was like walking through hell,” said Ms Bramley, who then moved to Cardiff to be nearer to friends and family.
Dealing with the grief of losing Tianie, and organising the ********, meant that Ms Bramley missed a few payments on her financial commitments which affected her credit rating.
Karen Davies set up Wales-based community lending charity Purple Shoots after a career in finance
But Ms Bramley was determined to re-start her business.
“It’s like a firework that goes up and just scatters – that’s how my life had just exploded,” she said.
“I needed to restart the business to feel like I had some control over my life again.”
Ms Bramley was rejected by her bank when she applied for a small loan, even though they were “sympathetic”.
“They tend to just label people and that needs to change,” she said.
The bank instead suggested she contact Purple Shoots.
“That’s when I met Karen,” she said. “She was the one who gave me that hope and believed in me.”
Ms Bramley borrowed £3,000 to re-start Tiff’s Cleaning Angels in Cardiff and has successfully paid off the loan.
Since it began 12 years ago, Purple Shoots has supported nearly 1,000 new businesses with loans of up to £5,000.
In the year 2023-24 the charity gave 69 loans creating 104 new jobs, often in deprived communities.
“We’re looking at the person and what they’re like,” said Mrs Davies.
“And we’re looking at the business plan and whether it’s going to be viable.”
She accepts the approach is high risk because her clients are “starting with absolutely nothing but our loan”.
“So if something goes wrong it will impact their ability to repay,” she added.
More than half of Purple Shoots’ borrowers will be behind on their loan payments at some point, said Mrs Davies, “and we always accommodate that because we want them to succeed”.
“But the actual failures are much lower” at around 20%, she added.
Mrs Davies said the effects could be “transformative”.
“People who’ve been struggling on benefits can create an income”, start paying tax and benefiting the economy, she added.
‘A poverty premium’
Sam Rex-Edwards, from Finance Innovation Lab, a charity which campaigns for reform of the financial system, said she wanted to see mainstream lenders make affordable lending more accessible to those with low credit scores.
She was calling for a “fair banking” law that would place obligations on banks and other lenders to offer more support to those who struggle to get credit at the moment.
“Too many people are having to pay a poverty premium through using high-cost credit like payday loans,” she said.
“And too many small and medium-sized businesses can’t flourish because they’re also refused credit from High Street banks.”
There was some government backed support for small businesses from the British Business Bank and the Welsh Development Bank which both offer micro-loans for business start-ups.
The British Business Bank said it had provided “5,165 loans worth over £53m to start ups in Wales since 2012”.
A *** Finance spokesperson said: “Last year we saw an increase in the amount of lending to small and medium enterprises in Wales, as well as more loan applications being approved.
“Banks also support other organisations, like non-bank lenders and charities, which help businesses that find it challenging to access mainstream finance.
“We are also working with government, regulators and business groups to help even more businesses access the finance they need to grow.”
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French Open 2025: How Emma Raducanu will look to stun Iga Swiatek at Roland Garros
French Open 2025: How Emma Raducanu will look to stun Iga Swiatek at Roland Garros
Raducanu has had little joy against Swiatek.
The 2021 US Open champion has lost all four of their previous meetings – twice on indoor clay in Stuttgart, and twice on hard courts at Indian Wells and this year’s *********** Open.
The 6-1 6-0 defeat in Melbourne was particularly chastening, with Swiatek’s groundstrokes proving too powerful and precise for Raducanu.
“She gets really fired up when she plays me – I don’t know why that is but she’s always played really well,” Raducanu told BBC Sport.
“I’m not sure if it is a me thing but every time we have played she has been high level.”
Raducanu has improved in the four months since they last met, but the way she was outclassed by world number two Coco Gauff on the Madrid clay showed the gap she still has to bridge.
“Against a top quality opponent who is not going to go away psychologically, that’s where you are going to see where Raducanu’s game is at,” said Croft.
“She knows she has to come out and be aggressive against Swiatek. She won’t get away with just pushing the ball around.
“She will need to get the first strike in and will also need to get depth – or angle – to try and control the point.
“If you start to play catch-up against Swiatek in a rally you will come out second best.”
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The West *********** Pulse: Angel Papalazaros’ tribute to her immigrant grandparents could be Grecian earner
The West *********** Pulse: Angel Papalazaros’ tribute to her immigrant grandparents could be Grecian earner
Grandparents’ immigration to Australia inspired Angel Papalazaros’ two-part oil painting, Hellenic Habitat, a highlight of this year’s Pulse exhibition.
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Indiana man charged with stabbing man in fight with 2 Knicks fans at bar showing Knicks-Pacers Game 2
Indiana man charged with stabbing man in fight with 2 Knicks fans at bar showing Knicks-Pacers Game 2
A 24-year-old Indiana man has been charged with allegedly stabbing a man in the back during a fight with two New York Knicks fans at a Carmel, Indiana, brewery during a playoff game between the Knicks and Pacers.
Per court documents cited by local media, 24-year-old Jarrett Funke of Carmel is charged with three felony counts from the incident. Carmel is a suburb of Indianapolis.
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Per the report, police were initially called to the brewery because of an argument involving Funke during the broadcast of Game 2 of the Eastern Conference finals on Friday that the Pacers won, 114-109. One of the alleged victims told police that Funke had “smacked” a Knicks hat off of one of their heads.
Funke yelled “F*** you, you still have a f***ing problem, take this outside,” to the two men, according to one of the alleged victims.
Funke’s father intervened and pulled Funke away in an effort to de-escalate the situation, according to the Indianapolis Star. Funke and his family reportedly left the brewery after being told to leave, and the caller told police that they were no longer needed.
A brewery employee called the police back minutes later and told them that Funke had returned to the establishment’s patio and confronted the two alleged victims as they were smoking. Per documents, one of the Knicks fans said that he pulled out a knife to deter Funke, then put it back in his pocket, “as he had no intention of using it.”
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Funke then allegedly pulled out his own knife and stabbed the man in his back, according to documents. The other Knicks fan attempted to pull Funke off of his friend and cut his leg against the patio’s stoop, according to court documents. Both men were “bleeding profusely,” according to police.
Emergency responders took both men to the hospital, and police pulled Funke over as he attempted to leave the brewery’s parking lot. The stabbing victim suffered a broken rib and a minor tear in a lung, police said, according to News 8 in Indianapolis.
Per the documents, Funke told police that “they were talking s***” and that one of the men had pushed him to the ground and “began punching him in the face.” Funke acknowledged that he “retrieved his pocketknife from his hoodie and swung it around towards (one of the Knicks fans’) back with his right hand,” according to the report.
Funke told police that the Knicks fans started the fight. Multiple witnesses identified Funke as the “primary aggressor in this incident,” according to the court documents.
Funke is charged with one count of battery by means of a deadly weapon, one count of battery resulting in serious bodily injury and one count of criminal recklessness committed with a deadly weapon, all felonies, according to the documents.
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US stocks end sharply higher on Trump's tariff reprieve – Reuters
US stocks end sharply higher on Trump's tariff reprieve – Reuters
US stocks end sharply higher on Trump’s tariff reprieve ReutersStock Market Today: Dow Gains 700 Points After EU Agrees to Fast-Track Trade Talks WSJFact Check Team: Will Trump’s threatened 25% tariff on smartphones move production to US? KOMOStock market today: Dow, S&P 500, Nasdaq futures soar as Trump pauses EU tariff hikes for fast-tracked talks Yahoo FinanceThe US and EU are in a showdown over trade. What does Trump want and what can Europe offer? AP News
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Police investigation underway after two found dead in Cairns home
Police investigation underway after two found dead in Cairns home
A sudden death investigation is underway in Cairns, after police found two people dead inside a home.
Emergency services were called to a property on Verbena Dr, Mount Sheridan about 7.15pm on Tuesday evening to conduct a ******** check.
Upon arriving at the home, they located the bodies of a man and a woman, both aged 41.
Police said the pair were known to each other and there is no ongoing threat to the public.
A crime scene has been established and investigations are underway.
Police urged with information or relevant footage in the area to come forward.
Domestic Violence helplines
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Trump to pardon reality TV stars Todd and Julie Chrisley
Trump to pardon reality TV stars Todd and Julie Chrisley
Washington — President Trump said he would pardon reality TV stars Todd and Julie Chrisley, who are in prison for charges that include bank fraud and tax evasion, in an emotional call with their children on Tuesday.
“Your parents are going to be free and clean. I hope we can do it by tomorrow,” Mr. Trump said in a nearly two-minute long clip of the call shared by a White House aide. “I don’t know them, but give them my regards and wish them a good life.”
The couple was sentenced in 2022, with Todd Chrisley receiving 12 years and Julie Chrisley receiving seven years.
This is a developing story and will be updated.
Caitlin Yilek
Caitlin Yilek is a politics reporter at CBSNews.com, based in Washington, D.C. She previously worked for the Washington Examiner and The Hill, and was a member of the 2022 Paul Miller Washington Reporting Fellowship with the National Press Foundation.
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Man arrested for claiming to be IMPD officer with a dog at Indianapolis Motor Speedway
Man arrested for claiming to be IMPD officer with a dog at Indianapolis Motor Speedway
A man was arrested near the Indianapolis Motor Speedway for telling an on-duty officer in plain clothes that he was also an officer while walking his dog the day before the Indianapolis 500.
At 8:12 p.m., on May 24, 2024, Speedway Police Detective Adam Bandy was alerted to a person impersonating an officer near IMS in the 4700 block of West 16th Street. Officer Gannon Wood, who was on duty with the Pike Township Constable, said a man identified himself as an Indianapolis Metropolitan Police officer.
He also told Bandy the man had a large dog with him.
Officer Wood said he asked the man if he could **** his dog, a Malinois, which is a commonly used police dog. After being allowed, unprovoked, the man said he was an IMPD downtown district officer and had been for the past 12 months. According to court documents, Wood said the man bragged about making a large narcotics bust with his dog, resulting in several recent arrests.
Wood noticed the man wearing a ****** duty belt. He had handcuffs and a firearm on his belt with an orange tip.
Once at the scene, Bandy, who was in full uniform, saw a man with a large Malinois and asked him to secure his dog so they could talk.
While walking with the man, Bandy read him his Miranda Warning, and the man agreed to speak and answer any questions.
Again?!! Man accused – again – of impersonating an officer, Indianapolis police said
At first, the man said he didn’t know what Bandy was talking about when asked about his previous interaction with Wood, according to court documents. Bandy explained that the person he was speaking with was an on-duty officer in plain clothes. Officer Wood then walked near the conversation and showed his badge and identification.
According to a probable cause for his arrest, the man then confessed to identifying himself as an IMPD officer and said repeatedly that he did so because he was going through a hard time.
While speaking to the man, Bandy noticed the firearm on his ****** duty belt was a Glock 23.40 caliber. It was later revealed to be a replica BB gun with an orange tip. The Glock replica had a magazine inside with a “switch” attached to the rear to make it automatic. Bandy noticed a flashlight along with handcuffs on the belt.
The man was arrested and formally charged with impersonating a public servant.
Indianapolis Animal Care and Control placed the Malinois into their care.
***** Jackson is a Public Safety Reporter for the Indianapolis Star. You can email her at **********@*****.tld and follow her on X, formerly Twitter @IAMJADEJACKSON.
This article originally appeared on Indianapolis Star: Man arrested for posing as IMPD officer with a dog at IMS
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