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British billionaire Chris Hohn's hedge fund TCI has sold nearly $8 billion in Microsoft shares.

1 hours ago

Per Botify Beating’s monitoring, the UK-based Financial Times reported that British billionaire Chris Hohn’s hedge fund TCI has sold nearly $8 billion in shares of U.S. software giant Microsoft (MSFT.O) and informed investors that artificial intelligence (AI) threatens the company’s flagship software products.
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Federal Reserve's Harker: Inflation Performance Disappointing and Trend Unfavorable

Xinhua News — May 8: Federal Reserve’s Gulsbee said the latest employment report appears “fairly stable.” Inflation remains underperforming, with an unfavorable trend. For now, there’s little evidence the labor market is weakening.

11 minutes ago

Iran is in the process of developing a plan regarding the "Legal Regime" of the Strait of Hormuz, and the related scheme will become permanent law.

On May 8th, the Tehran-based Tasnim News Agency reported that Iran is working on a plan for the "legal regime" of the Strait of Hormuz, which is expected to be enacted as permanent law.

11 minutes ago

Semiconductor Equipment Giant ASML Hits All-Time High Stock Price

May 8 — Bitget market data shows Dutch semiconductor equipment giant ASML’s stock price rose 2.82% to $1,559.4 per share, hitting a record high, with a market capitalization of $601 billion. ASML is now the first European company to boast a market value exceeding $600 billion.

11 minutes ago

Fidelity Deposits 23,919 ETH into Coinbase Prime

On May 8th, Fidelity deposited 23,919 Ethereum (valued at $54.44 million) to Coinbase Prime in the past hour, per LookOnChain monitoring data.

11 minutes ago

Barclays: Maintains Forecast of $100 per Barrel for Brent Crude Average Price in 2026

On May 8, Barclays noted it’s maintaining its forecast for average Brent crude prices at $100 per barrel in 2026, with risks tilted to the upside. Even under the most optimistic scenario, the bank sees oil prices may still be too low—demand remains robust, and inventories continue to draw down rapidly. (FX168)

11 minutes ago

Iranian Armed Forces Engage in Sporadic Conflict with US Vessel in the Strait of Hormuz

May 8 — Sporadic clashes have broken out between Iranian military forces and a U.S. naval vessel in the Strait of Hormuz, per a report from Iran’s Fars News Agency, roughly an hour prior to this update.

11 minutes ago

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