Today: 21 May 2026
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NASDAQ:DIGI 31 December 2025

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  • China's Oil Import Cuts and Rising U.S. Exports Shake Market Bulls
    May 21, 2026, 4:31 PM EDT. Oil prices surged past $160 per barrel last month, sparking fears of a sharp market downturn amid tensions in the U.S.-Iran conflict and potential closure of the key Strait of Hormuz shipping lane. However, unexpected cuts in China's crude oil imports and an increase in U.S. exports have disrupted bullish market sentiment. Traders and analysts now face new uncertainties as supply and demand dynamics shift, tempering earlier forecasts of a prolonged market disruption.

Latest articles

AI Stocks Just Found Their Next Wave — And Deere Wasn’t On It

AI Stocks Just Found Their Next Wave — And Deere Wasn’t On It

21 May 2026
New York, May 21, 2026, 16:17 EDT AI-linked shares led some of Wall Street’s sharpest moves on Thursday, with Arm, Rigetti Computing, IBM, Bloom Energy and Spotify rallying as investors moved beyond Nvidia and bid up companies tied to chips, quantum computing, power supply and AI-driven products. The move mattered because it showed the artificial-intelligence trade widening again after Nvidia’s latest results. CNBC’s Jim Cramer put the shift bluntly: “Semis are now in charge. Software is taking a back seat,” according to a CNBC post summarizing his comments after Nvidia’s report. (LinkedIn) Nvidia gave investors the anchor. The chipmaker reported
Bezos pushes for no income tax on half of Americans; Mamdani was set

Bezos pushes for no income tax on half of Americans; Mamdani was set

21 May 2026
Jeff Bezos called for eliminating federal income taxes for the bottom half of U.S. earners, putting him at odds with New York Mayor Zohran Mamdani and Democrats seeking higher taxes on the wealthy. Bezos said the bottom half should owe “zero,” not just less, and criticized Mamdani’s proposed tax on luxury second homes. Mamdani responded that higher taxes on the rich would help working New Yorkers.
QuantumScape shares rise 9% as battery play picks up steam

QuantumScape shares rise 9% as battery play picks up steam

21 May 2026
QuantumScape shares jumped 9.13% to $8.37 Thursday, outpacing the S&P 500 and Nasdaq. The company reported initial QSE-5 cell production from its new Eagle Line and ongoing partnerships with Volkswagen and other major automakers. First-quarter net loss reached $100.8 million, with $904.7 million in liquidity at quarter’s end. QuantumScape reaffirmed its full-year adjusted EBITDA loss guidance.
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