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US Dollar Rebounds as Middle East Conflict Erases Rate Cut Hopes

Key Points: The US dollar rose as escalating threats in the Middle East boosted demand for safe assets. President Trump threatened to attack Iran's power grid, prompting vows of retaliation against neighboring countries. Investors no longer expect the Federal Reserve to cut interest rates twice this year. Global central banks are turning hawkish amid fears of severe energy inflation. The US dollar started the week...

Elliott Management Builds Massive Stake in Chip Software Firm Synopsys

Key Points: Activist investor Elliott Management built a multibillion-dollar stake in Synopsys. The firm wants Synopsys to generate more profit from its existing software and services. Synopsys provides critical chip design software to tech giants like Intel, Alphabet, and Tesla. Nvidia recently invested $2 billion into the company to support the growing AI hardware market. A major activist investor is making a huge bet on...

Chinese Scientists Build World’s Most Accurate Optical Clock

Key Points: Researchers in China developed an incredibly precise strontium optical lattice clock. The device would lose or gain less than one second over 30 billion years. Optical clocks measure time using light emitted by moving electrons in atoms. The technology will improve satellite navigation and help detect dark matter. Scientists at the University of Science and Technology of China just broke a massive timekeeping...