Japan’s Sakura Internet jumps 20% as Microsoft plans $10 billion AI push with SoftBank
Microsoft said it plans to invest $10 billion in Japan between 2026 and 2029 to build AI infrastructure.
Chinese chip firms hit record high revenue driven by the AI boom and U.S. curbs
Chinese chip companies have benefited from strong domestic demand for AI as U.S. tech curbs have bolstered local firms.
Army chief of staff fired by Hegseth, sources say
U.S. Army Chief of Staff Randy George was fired on Thursday by Defense Secretary Pete Hegseth, three U.S. defense officials told Reuters, in the latest purge among the Pentagon’s most senior ranks.
Asia-Pacific markets mostly rise in Easter trade on hopes for Hormuz reopening
South Korea’s Kospi led gains in the region while Japan’s Nikkei 225 also opened higher. The Australian and Hong Kong markets were closed for the Easter weekend.
Brent oil spot price for actual cargo soars to $141, highest level since 2008 financial crisis
The Brent oil futures price is giving the market a false sense of security, said Amrita Sen, founder of Energy Aspects.
Coinbase clears key regulatory hurdle in bid to bolster its stablecoin business
Coinbase has received conditional approval from the U.S. Office of the Comptroller of the Currency to operate as a trust bank, the company said Thursday.
Trump’s Iran war speech paints a grim picture for oil markets with more than 600 million barrels at risk
Oil prices are surging as the market prepares for a longer U.S. war with Iran after President Donald Trump’s national address.
Amazon to add 3.5% fuel and logistics surcharge for sellers as Iran war drives up energy prices
With the Iran war now in its fifth week, Amazon said it’s adding a 3.5% fuel and logistics surcharge for third-party sellers in the U.S. and Canada.
The S&P 500 is trying to end its terrible Thursday streak
The broad market index has ended the last nine Thursdays in the red. Number 10 would be the worst streak ever in the benchmark’s history.
Countries are rethinking retirement systems – here’s what that means
By 2050, there will be 52 people aged 65 and over for every 100 working-age adults, increasing pressure on pension systems worldwide. Governments are responding by reshaping retirement systems — from shifting investment strategies to improving long-ter…
