Cadence Design Systems, Inc. (NASDAQ:) reported a robust first quarter in 2024, surpassing its own financial guidance with a total revenue of $1.009 billion. The company’s strong performance is backed by significant design activity in key technology areas and a record backlog that positions it well for the future. Cadence…

UK Manufacturing PMI contracted to 48.7 in April, missing estimates of 50.3. Services PMI in the UK rose sharply to 54.9 in April. GBP/USD holds higher ground near 1.2370 after mixed UK business PMIs. The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell sharply from 50.3 in…

XRP recently spiked by as much as 6% amid the market rebound, with the number of addresses holding at least 1 million tokens inching closer to a record high. The broader market resurgence has provided a platform on which several assets can stage a comeback. XRP is one such asset,…

University of Michigan standout Kris Jenkins Jr. wants to be known for more than just being his father’s son. The 22-year-old defensive tackle is one of the top players at his position entering the 2024 NFL Draft. In fact, he’s widely regarded as a projected second-round pick. To top it…

Saudi Aramco CEO Amin Nasser praised China for making solar panels and electric vehicles affordable.The West has recently stepped up criticism over China’s dumping of cheap green products on the global markets.Saudi Arabia is fostering closer ties with China and wooing Chinese investments and business partnerships. China’s green industries have…