NEW YORK (AP) — Oil prices jumped Monday following a weekend of attacks in the Middle East, while more losses for computer chip companies and other winners of the artificial-intelligence boom dragged stock markets lower. The price for a barrel of Brent crude oil, the international standard, climbed 9.6% to $83.30 after the United States…
BEIJING, July 13 (Reuters) – China’s exports likely grew at a slightly slower but still-solid pace in June, as firms accelerated shipments to the U.S. ahead of possible new tariffs, rode the AI boom, and competed aggressively on prices to win over cost-conscious consumers. Exports from the world’s second-largest economy are forecast to have risen…
By Heekyong Yang, Gregor Stuart Hunter and Shashwat Chauhan July 13 (Reuters) – SK Hynix’s Seoul shares posted their biggest one-day fall in nearly two decades on Monday, tumbling more than 15%, as investors unwound gains from a scorching rally following the company’s Nasdaq debut last week. The company’s U.S.-listed shares dropped 7.9% to $154.7…
Robinhood Markets (NASDAQ: $HOOD) is preparing to bring AI-powered trading agents into crypto, extending a beta product that has already drawn more than 70,000 accounts across equities and options. The brokerage said U.S. customers will soon be able to connect third-party AI agents that can analyze markets, build strategies and place crypto trades on their…
Supermajors are set to report bumper profits for the second quarter thanks to the surge in oil and gas prices, driven higher by the hostilities between the United States, Israel, and Iran. This is a problem for governments—notably the Trump administration, but politicians in Europe are angry at Big Oil’s good fortune again. Oil prices…
When Apple sued OpenAI on July 10 for allegedly stealing its hardware secrets, it handed Elon Musk a fresh reason to go after Sam Altman — and this time the two billionaires’ feud is playing out over companies that everyday investors can now actually own. Musk, an OpenAI co-founder-turned-rival who runs the newly public SpaceX…
Apple sued (1) a former engineer and OpenAI on July 10, alleging the engineer kept a way into Apple’s most sensitive files after he left — and used it. Chang Liu, a senior system electrical engineer for eight years, defected to OpenAI in January. Within weeks, Apple says, he discovered a security bug let him…
Markets face one of the year’s most important weeks as Federal Reserve Chair Kevin Warsh delivers his inaugural semi-annual monetary policy testimony before Congress on July 14 and 15. The testimony timing coincides with June CPI data at 8:30am Tuesday and PPI at 8:30am Wednesday, creating a critical update on where inflation readings and Warsh’s…
This story was originally published on CRE Daily. Join 70,000+ commercial real estate professionals getting daily news, market insights, and industry analysis delivered straight to their inbox with the free CRE Daily newsletter. Key Takeaways Toyota will invest $3.6B to more than double its San Antonio assembly plant and add a second production line for…
Are you seeking the safety of everyday essentials or the potential of a corporate turnaround? Church & Dwight (NYSE:CHD) and Kimberly-Clark (NASDAQ:KMB) represent two very different ways to play the household products market. Church & Dwight specializes in a lean portfolio of diverse brands ranging from baking soda to laundry detergent. Kimberly-Clark is a global…
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