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S&P 500, Nasdaq rise on AI optimism, Micron joins $1 trillion club

S&P 500, Nasdaq rise on AI optimism, Micron joins $1 trillion club

By Saeed Azhar, Twesha Dikshit and Utkarsh Hathi May 26 (Reuters) - The S&P 500 and the Nasdaq traded near record levels on Tuesday, after briefly hitting fresh intraday highs, as AI-fueled optimism offset concerns over Middle East peace talks, which were compounded by recent U.S. strikes on Iran.

Bath & Body Works beats quarterly estimates on strong demand for 'affordable luxury'

Bath & Body Works beats quarterly estimates on strong demand for 'affordable luxury'

May 27 (Reuters) - Bath & Body Works beat Wall Street estimates for first-quarter sales and profit on Wednesday, helped by strong demand for its scented candles and personal care products, sending its shares up 14% in premarket trading.

Applied Aerospace & Defense eyes $3.59 billion valuation in US IPO

Applied Aerospace & Defense eyes $3.59 billion valuation in US IPO

May 26 (Reuters) - Private equity-backed government contractor Applied Aerospace & Defense is targeting a valuation of up to $3.59 billion in its U.S. initial public offering, as defense firms tap into strong investor appetite for the sector driven by heightened geopolitical tensions.

Prediction markets look to institutional investors for next phase of growth

Prediction markets look to institutional investors for next phase of growth

By Laura Matthews, Anirban Sen, Manya Saini and Niket Nishant NEW YORK/BENGALURU, May 27 (Reuters) - Prediction market platforms including Kalshi are making a big push to attract top institutional investors and hedge funds, a move that could ripple through traditional finance even as the trading

Battery maker ProLogium to list on Nasdaq in $3.8 billion SPAC deal

Battery maker ProLogium to list on Nasdaq in $3.8 billion SPAC deal

May 27 (Reuters) - Taiwanese battery maker ProLogium Technology will go public in New York through a merger with blank-check vehicle Translational Development Acquisition Corp in a $3.8 billion deal, the companies announced on Wednesday.

Wall St futures gain on US-Iran peace talk hopes

Wall St futures gain on US-Iran peace talk hopes

May 26 (Reuters) - U.S. stock index futures rose to record highs on Tuesday, as investors remained optimistic about Middle East peace negotiations despite recent strikes, while AI-led gains in chip stocks boosted sentiment. U.S.

What we know and don't know about the emerging deal to end the Iran war

What we know and don't know about the emerging deal to end the Iran war

The United States and Iran appear to be are closing in on a deal to end the war

AkzoNobel rejects takeover offer from Nippon Paint, Sherwin-Williams

AkzoNobel rejects takeover offer from Nippon Paint, Sherwin-Williams

By Dimitri Rhodes May 27 (Reuters) - Dulux paint maker AkzoNobel has rejected a cash takeover offer of €73 ($85) per share from rivals Nippon Paint and Sherwin-Williams, the Dutch company said on Wednesday, sending its shares 16% higher.

S&P 500, Nasdaq hit record closing highs on AI optimism, Micron joins $1 trillion club

S&P 500, Nasdaq hit record closing highs on AI optimism, Micron joins $1 trillion club

By Saeed Azhar, Twesha Dikshit and Utkarsh Hathi NEW YORK, May 26 (Reuters) - The S&P 500 and Nasdaq hit record closing highs on Tuesday, as AI-fueled optimism offset anxiety over Middle East peace talks — concerns that were compounded by recent U.S. strikes on Iran.

Jerusalem Center President Dan Diker to Address Middle East Geopolitical Shifts at New York Conference

Jerusalem Center President Dan Diker to Address Middle East Geopolitical Shifts at New York Conference

Dr. Dan Diker, President of the Jerusalem Center for Security and Foreign Affairs, is set to lead a panel discussion at the Jerusalem Post Annual Conference 2026 in New York. The panel, titled 'The New Middle East: Terror, Influence and the War for the West,' will explore the geopolitical and ideological shifts in the Middle East following the events of October 7, 2023. Diker, along with Syrian Lebanese-born analyst Rawan Osman and former Mossad counterterrorism chief Oded Ailam, will discuss the implications of the multi-front terror war facing Israel and the broader Western alliance. Diker has been vocal about the underestimated threat posed by Iran and its proxies, describing it as a 'forever war' against Israel and the West.

S&P 500 hits record closing high on AI optimism, Micron joins $1 trillion club

S&P 500 hits record closing high on AI optimism, Micron joins $1 trillion club

By Saeed Azhar, Twesha Dikshit and Utkarsh Hathi NEW YORK, May 26 (Reuters) - The S&P 500 hit a record closing high on Tuesday, while the tech-heavy Nasdaq notched further gains, as AI-fueled optimism offset concerns over Middle East peace talks, which were compounded by recent U.S. strikes on Iran.

5-star analyst resets Micron stock price target

5-star analyst resets Micron stock price target

Micron (MU) stock has gained about 209.61% year to date, at the time of writing, Tuesday morning, May 26, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is up about 10% in the same period. The company is part of the semiconductor rally driven by the AI boom. Recent positive ...