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.
Stocks making the biggest moves premarket: Constellation Brands, Datadog, Occidental Petroleum, CoreWeave and more
These are the stocks posting the largest moves in the premarket.
Citi backs European bank stocks after ‘overblown’ sell-off — here are its top three picks
The Stoxx 600 Banks index is down 1% year-to-date, after falling by as much as 10% during the depths of the conflict.
‘Weeks, if not months’: Strait of Hormuz tanker traffic won’t normalize anytime soon
Traffic through the Strait of Hormuz has yet to see a meaningful rebound and this could continue for weeks, warn shipping experts.
Fast food, faster charging? BYD and KFC China collaborate to offer 9-minute refueling stations
BYD announced Wednesday a partnership with KFC China to develop a network of “nine-minute” drive-thrus across the mainland.
10-year Treasury yield hovers near 4.3% after oil price gain, sticky inflation data
The 10-year Treasury yield was little changed on Thursday as oil prices rallied and investors digested a number of key data releases.
