Jamie Dimon says Iran war makes Middle East peace prospects better in the long term
JPMorgan Chase CEO Jamie Dimon issued an optimistic viewpoint on Middle East peace, weeks into the war with Iran.
Circle posts worst day on record as proposed law could limit stablecoin yield
Earning yield, usually in the form of rewards, on stablecoins like Circle’s USDC and others is key incentive for users to hold the coins.
Abivax in no rush for a deal, confident key June trial data can secure better terms for partnerships, CEO tells CNBC
Analysts see the biotech company as a prime takeover target and several pharma giants have been rumored as potential buyers.
Amazon’s Zoox to debut robotaxis in Austin, Miami later this year as it awaits paid ride approval
It marks the latest expansion for Amazon’s Zoox self-driving unit, which opened rides to the public in some parts of Las Vegas and San Francisco last year.
Demand for AI infrastructure will drive more gains in this stock, says Bank of America
CoreWeave’s stock has risen more than 14% this year, beating the overall market.
Gap says it will launch checkout within Google’s Gemini, in an AI first from a major fashion company
Gap’s partnership with Gemini and its customer-facing AI tools give it a competitive edge at a time when winning in specialty retail is harder than ever.
Stagflation alarm bells ring in the euro zone as energy crunch hits the global economy
Economists warn stagflation — high inflation and stalling growth — is facing the region because of the Iran war.
Alibaba reveals new AI chip designed for ‘agents’
While much of the attention has focused on GPUs, an area Nvidia dominates, CPUs are seen as key for AI inferencing and agents.
United ditches more economy seats to make room for bigger premium cabins with new layouts
United will have new cabins on smaller planes with premium seats, including those that convert into a bed, to win more sales from high-spending travelers.
Britain responds to Iran war energy shock by requiring solar panels and heat pumps in all new homes
The move comes as part of Britain’s response to the Iran war, with the conflict triggering the largest supply disruption in the history of the oil market.
