Fast Retailing shares soar to record high after the Uniqlo owner lifts profit forecast
Shares of Fast Retailing surged over 9% to a record high on Friday after the Japanese parent of Uniqlo lifted its full-year outlook.
U.S. oil slips below $100 as Trump demands reopening of Strait of Hormuz
U.S. President Donald Trump on Thursday warned Iran to “stop now” if it was charging tankers to transit the Strait of Hormuz.
Asia-Pacific markets rise amid worries over Strait of Hormuz staying largely closed
The West Texas Intermediate gained 0.72% to $98.57 per barrel as of 2:37 a.m. ET. Brent crude rose by 0.67% to $96.56 per barrel.
S&P 500 slips Friday, but index posts best week since November after fragile Iran ceasefire deal: Live updates
The S&P 500 fell slightly on Friday, though the index still had its best week since last November.
OpenAI slams Anthropic in memo to shareholders as its leading AI rival gains momentum
OpenAI sent a memo to investors blasting chief rival Anthropic for “operating on a meaningfully smaller curve.”
Iran attacks on crucial Saudi pipeline and production facilities slash kingdom’s oil output
The damage to Saudi infrastructure will only compound the disruption to global oil supplies trigged by Iran’s attacks on tankers in the Strait of Hormuz.
AI threat’s relentless flogging of software stocks shows no end in sight with Anthropic’s new agent
The latest revenue projections and updates from Anthropic revived investor fears of an AI day of reckoning coming for software.
OpenAI looks to take on Anthropic with $100 per month ChatGPT Pro subscriptions
The new ChatGPT plan expands access to OpenAI’s AI-powered coding assistant Codex.
The Strait of Hormuz is not open as Iran controls access after ceasefire, UAE oil CEO says
Sultan Ahmed Al Jaber demanded a full reopening of the strait, warning that the oil supply disruption will increase if Iran maintains control of the passage.
Volatility is the ‘new norm’ for government bonds as interest rate uncertainty sees yields whipsaw
The fragile nature of the Middle East ceasefire agreement sent bonds into reverse on Thursday.
