Meta is shutting down VR social platform Horizon Worlds in further pivot away from the metaverse
Meta is scaling back its metaverse focus, cutting studios and head count at Reality Labs to prioritize artificial intelligence.
Investors rip up European boom bets as stagflation fears soar on Iran war oil shock
Bank of America’s latest European Fund Manager survey suggests stagflation is now the consensus view for the coming months.
Trump waives Jones Act shipping rules for 60 days to steady oil market
The Trump administration “remains committed to continuing to strengthen our critical supply chains” amid the Iran war, press secretary Karoline Leavitt said.
How the red-hot AI data center boom is igniting demand for a new, lucrative career path: Trade workers
While anxiety around AI replacing white-collar jobs has reached a fever pitch, the data center boom is creating lucrative opportunities for trade workers.
It’s not just oil: Aluminum prices have surged as Iran conflict chokes supply
The U.S. and Israel’s war with Iran has upended the supply of aluminum in the Middle East, sending prices of the base metal skyrocketing.
Bain Capital taps buyer interest for Bridge Data Centres, offering up to 70% stake, sources say
Bain’s potential sale of its stake in Bridge Data Centres comes amid a dealmaking frenzy in the sector, buoyed by surging demand for AI compute capacity.
Tencent’s 2025 revenue beats estimates as Chinese tech giant ramps up AI investment
The tech giant said its core business provided it with the resources to fund increasing investments in AI.
Iran conflict looms large over Takaichi’s upcoming summit with Trump, experts say
The topic of Iran is likely to dominate Thursday’s meeting, instead of investments or the U.S.’ role in Asia, experts told CNBC.
Short-term yields rise after higher-than-expected inflation, Fed holds rates
The Federal Reserve held rates steady on Wednesday.
