Headlines
•Intel secures preliminary Apple chip manufacturing pact — Stock rises 16.0%
•Senate pushes stablecoin bill that could reshape deposits — Banks warn of threat to traditional deposits
•Upwork Q1 results reflect sharp demand shift amid AI adoption — Macro uncertainty weighs on lower-end
•Vertex Q1 results above guidance, raises full-year profitability outlook — Cost-reduction program to fund investments
•Anthropic signs $1.8 billion Akamai cloud deal — Akamai gains AI infrastructure contract worth $1.8 billion
•Trump administration appeals court ruling striking down 10% global tariffs — appeal filed as judges say trade law was misused
•ByteDance targets 25% rise in AI infrastructure spending — SCMP report cites planned increase in capital expenditure