South Korea holds rates steady as Iran war fans inflation, growth risks
BOK holds policy interest rate at 2.50%. Governor Rhee to be replaced by incoming chief Shin Hyun-song.
Kevin Warsh Fed chair confirmation plan hits snag as nomination hearing is delayed
President Trump’s nomination of Kevin Warsh as Federal Reserve chair already faced a hurdle by Sen. Thom Tillis over a probe of current Chair Jerome Powell.
Alibaba leads $290 million investment for building a new kind of AI model as LLM limits emerge
Startup Shengshu plans to use the money for a “general world model,” paving the way for more practical robot applications.
China factory prices return to growth after 3 years, beating expectations on surging oil prices
China faces possible inflationary spillovers, though its massive strategic stockpiling onshore and diversified sources of energy provided some cushion.
CNBC Daily Open: Markets shrug off ceasefire uncertainty
The Iran-U.S. ceasefire has lifted markets, but there remains massive disagreements over the Strait of Hormuz.
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.”
