Demand

• Broadcom provided second-quarter guidance of $9.2 billion in revenues, exceeding analyst estimates by 6%, driven by surging demand for data center semiconductors and artificial intelligence accelerators from cloud computing providers. • CEO Hock Tan stated that AI-related semiconductor orders are tracking 40% above historical averages, with major customers committing to long-term capacity agreements through 2028, signaling sustained strong demand. • The robust guidance helped lift semiconductor index ETFs 2.1% during extended trading and sparked upgrades from multiple analysts who raised price targets on Broadcom by 8–12% based on improved visibility into AI infrastructure spending cycles.

• Delta Air Lines reported first-quarter net income of $1.8 billion, up 22% year-over-year, benefiting from strong leisure and business travel demand with average fares rising 8% despite lower capacity growth across the industry. • CEO Ed Bastian stated that forward bookings through summer 2026 indicate "resilient demand," with premium cabin bookings up 15%, offsetting concerns about potential economic slowdown and suggesting corporate travel spending remains solid. • The strong results bolstered airline sector sentiment, lifting Southwest Airlines and United Airlines stocks by 2.4% and 1.9% respectively on optimism about sustained pricing power and margin expansion through peak summer travel season.

Discrepancy in forecasts raises questions over government planning for net zeroOne vision of the UK’s future involves a decarbonised economy powered by clean, renewable energy. Another involves making the UK an AI superpower.The government departments responsible for these two visions do not appear to have agreed on their numbers. Continue reading...

Amid growing congressional scrutiny of his conduct, Patel has claimed he has ‘never been intoxicated on the job’US politics live – latest updatesHouse judiciary Democrats have launched a formal inquiry into FBI director, Kash Patel’s alleged drinking habits, demanding he complete a standardized alcohol abuse assessment and submit the results to Congress.In a letter sent on Tuesday, led by Jamie Raskin, a Maryland representative, Democrats on the committee called on Patel to take the Alcohol Use Disorders Identification Test (Audit) – a 10-question World Health Organization screening tool used to identify harmful patterns of drinking – along with a sworn statement attesting to his answers. Lawmakers also requested all security clearance questionnaires Patel has completed since taking the role. Continue reading...

• Mexico's President Claudia Sheinbaum demanded an explanation from the U.S. after American officials died during an operation in Chihuahua state. • The incident involves cross-border security efforts, straining bilateral relations. • Details remain limited, but it highlights risks in joint anti-cartel actions and potential policy shifts.

Ministers also asked to alter compensation rights and suspend emissions trading scheme amid Middle East warAirlines are lobbying the UK government to relax environmental and noise rules, modify passenger rights and cut taxes on flying, as they prepare for higher costs and a possible shortage of jet fuel because of the war in the Middle East.A list of policy requests submitted to ministers and the aviation regulator includes suspending the emissions trading scheme and relaxing limits on night flights, it has emerged. Continue reading...