Recovery

• SK Hynix has joined the trillion-dollar market cap club driven by surging demand for AI chips, while AI startup Anthropic is approaching a $100 billion valuation. • Major tech firms are restructuring their workforces, with Meta cutting jobs to prioritize AI initiatives and Nvidia reporting a gap in specialized hiring. • Cryptocurrency markets are seeing a recovery, marked by notable gains for both Bitcoin and Ethereum.

Three more people remain missing and are presumed dead, after tank containing chemical mixture collapsedThe confirmed death toll in the chemical tank explosion at a Washington state paper mill rose to eight on Thursday after crews recovered the remains of six workers, officials said.Three more individuals remain missing and are presumed dead. Eight other people were injured, including a firefighter responding to the incident. Continue reading...

Comments come after Andy Burnham says he would renationalise water and other businesses as PMInvestors in Thames Water have told the Labour government that a temporary nationalisation of the embattled company would slow its turnaround, after calls from Andy Burnham to put key utilities under public control.As Keir Starmer’s grip on power appeared to be fading, the Greater Manchester mayor suggested at the weekend that the renationalisation of water and energy would form part of his policy agenda should he become prime minister. Continue reading...

• Wall Street traded mixed on Wednesday morning, with the S&P 500 down 0.1%, Dow Jones Industrial Average dropping 235 points or 0.5% at 9:35 a.m. ET, and Nasdaq up 0.2% amid a technology sector rebound. • Tech stocks like Micron Technology surged 4.3% and Nvidia rose 2.4%, the top gainer on the S&P 500, following a pause in AI-driven momentum; Nvidia CEO Jensen Huang was invited by President Trump to discuss AI chip shipments to China. • A wholesale inflation report showed prices significantly higher than expected last month, following Tuesday's consumer inflation acceleration, driven by rising fuel, transportation, food prices from tariffs, weather, and oil disruptions from the Iran war.

• India emerged as top global investment destination, surpassing China with strong capital inflows per Quant Mutual Fund report. • Nominal GDP growth outpaced China's, bolstered by stable fiscal policies, liquidity support, and credit expansion. • Investor shift to large-caps with selective mid/small-cap plays follows equity correction stabilization and improving earnings outlook.

• Bank of America analyst Epstein reiterated a Buy rating on Boeing (BA) with a $270 price target, signaling meaningful upside potential for the aerospace manufacturer. • Boeing's Q1 2026 earnings report, released April 22, showed revenue of $22.2 billion from 143 commercial deliveries and a record backlog of $695 billion covering over 6,100 commercial airplanes, though the company posted a GAAP loss per share of ($0.11). • The company guided to generate $1 billion to $3 billion in free cash flow for full-year 2026, with analyst estimates around $2.55 billion, representing a significant improvement signaling progression in the company's recovery trajectory.

• Researchers from Woods Hole Oceanographic Institution reported that Atlantic cod and other commercial fish populations have rebounded 34% over the past four years following strict catch quotas and marine protected areas implemented in 2022. • Population surveys conducted across 850,000 square kilometers of Atlantic waters show biomass increases in previously depleted stocks, with detailed findings presented at the American Fisheries Society conference on April 19. • The recovery demonstrates that science-based fisheries management can restore ecosystems within a decade, providing a model for international ocean conservation efforts.