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Marvell to join S&P 500 after AI boom helps chipmaker pass profitability test

Marvell Technology is set to join the benchmark S&P 500 later this month, S&P ​Dow Jones Indices said on Friday, after the chipmaker cleared a ‌key profitability hurdle riding an AI-fueled rally.

June 5, 2026
News

UN doubles Lebanon aid appeal as war drives surge in humanitarian needs

The United Nations on Friday said ​it is doubling the amount of money it says it needs ‌to help Lebanon meet surging humanitarian needs, as the war enters its fourth month.

June 5, 2026
News

SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO

SpaceX said on Friday it has entered into a multi-year cloud services agreement with Alphabet’s Google, locking ​in computing capacity as it prepares for its highly anticipated ‌U.S. stock market debut next week.

June 5, 2026
News

Turkey targets more defence sales as West rearms, alliances shift

Two decades of state investment have transformed Turkey into a major exporter of drones and other military equipment, and the NATO member is now looking to build on that momentum as the ​West rearms and security alliances are reshaped.

June 5, 2026
News

Zelenskiy’s letter to Putin was intended for other ears

President Volodymyr ‌Zelenskiy’s open letter offering face-to-face peace talks to end the war in Ukraine was addressed to Russian President Vladimir Putin but meant to echo through the corridors of this week’s St Petersburg investment forum, and beyond.

June 5, 2026
News

SpaceX IPO running at two times oversubscribed, sources say

SpaceX has drawn investor demand of about $150 billion for its IPO, about double the $75 ​billion it is seeking to raise, said two people familiar with the matter on Friday.

June 5, 2026
News

Exclusive: US states preparing lawsuit to block Paramount’s acquisition of Warner Bros, sources say

California, New York and other U.S. states are preparing a lawsuit to block Paramount Skydance’s $110 billion acquisition of Warner Bros , sources familiar with the matter told Reuters on Friday.

June 5, 2026
News

Chip selloff erases over $1 trillion in stock market value

U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters ​including Nvidia , Micron Technology and Advanced Micro Devices , as ‌Broadcom’s weak report earlier this week reverberated across Wall Street.

June 5, 2026
News

Wall Street slumps as chips slide, robust jobs data stokes fears of hawkish Fed

Wall Street tumbled on Friday as semiconductors extended their ​selloff while a robust employment report fueled fears of a hawkish policy pivot from the Federal Reserve.

June 5, 2026
News

‘We want our children back’: Nigeria’s kidnapping nightmare spreads south

It was mid-morning when Aduke Balogun noticed a masked man in military fatigues walking towards her children’s school. Minutes later, gunfire erupted, more gunmen appeared and residents fled.

June 5, 2026

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Recent Posts

  • Marvell to join S&P 500 after AI boom helps chipmaker pass profitability test
  • UN doubles Lebanon aid appeal as war drives surge in humanitarian needs
  • SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO
  • Turkey targets more defence sales as West rearms, alliances shift
  • Zelenskiy’s letter to Putin was intended for other ears

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