Key Points: Headline inflation increased by 1.1% in the March quarter and reached 4.6% over the past 12 months. Petrol prices jumped 32.8% in March alone, pushing transportation costs up 9.2% in just 30 days. Financial markets predict an 80%...
Key Points: Woodside reported a 7% jump in operating revenue to hit $3.26 billion in the March quarter. The average price for the company's oil and gas climbed 11% to reach $63 per barrel. Severe tropical cyclone Narelle hit Western Australia, forcing an 8% drop in overall production. The conflict between the United States and Iran blocked the Strait of Hormuz, causing global energy prices...
Key Points: TSMC sold its final 1.11 million shares in Arm Holdings for a total of $231 million in cash. The chipmaker finalized the stock sale between April 28 and April 29 at $207.65 per share. TSMC originally invested $100 million in Arm's initial public offering in 2023 at $51 per share. Arm shares fell 7.98% on Tuesday during regular trading hours. Taiwan Semiconductor Manufacturing...
Key Points: Goldman Sachs recently removed access to Anthropic's Claude artificial intelligence for its bankers stationed in Hong Kong. The Wall Street bank made this strict decision after a close review of its service contract with the technology startup. Despite the ban on Claude, Hong Kong employees can still access other popular AI models, such as Google Gemini and OpenAI's ChatGPT. The restriction follows a...
Key Points: President Donald Trump ordered aides to extend the United States naval blockade on Iranian ports indefinitely. Brent crude...
Key Points: Bitcoin prices dropped below $77,000 following a failed attempt to hold gains above $79,000 earlier in the week....
Key Points: Brazil's antitrust regulator, CADE, launched an official investigation into the airlines LATAM and Gol for potential price collusion....
Key Points: Honda pushed back the launch of its advanced artificial-intelligence self-driving system by one year to 2028. The automaker...
Key Points: Amazon unveiled a new hiring tool called Connect Talent that uses artificial intelligence to conduct automated job interviews...
Key Points: NXP Semiconductors predicts second-quarter revenue will reach up to $3.55 billion, beating earlier Wall Street estimates. The company's...
Key Points: Airlines face over $6 billion in additional costs this year because the conflict in Iran forced the Strait...
Key Points: Soybean oil prices reached their highest level in over three years due to rising crude oil prices. North...
Key Points: Elon Musk is suing OpenAI and its leaders for $150 billion, claiming they illegally transformed a charity into...
Key Points: A fresh Wall Street Journal report claims OpenAI missed its goal of 1 billion weekly active users, sparking...
Key Points: The European Parliament voted to demand a 10% increase, adding nearly 200 billion euros to the next long-term...
Key Points: OpenAI and Amazon Web Services partnered up to bring advanced artificial intelligence directly into Amazon cloud environments. Amazon...
Key Points: Italy might extend its fuel tax cuts beyond May 1 to help families and businesses cope with soaring...
Key Points: Gold and silver futures dropped significantly on Tuesday, losing roughly 2% and 2.5% of their respective market value....
Key Points: More than 70 House Democrats urged President Donald Trump to block Chinese automakers from the United States. Representatives...
Key Points: FedEx and UPS plan to return all tariff refunds directly to their customers following a major Supreme Court...
Key Points: The Conference Board reported its consumer confidence index rose to 92.8 in April. A temporary ceasefire in the...
Key Points: OpenAI missed its 1-billion-user goal, dragging down major tech and cloud computing stocks. President Donald Trump claimed Iran...
Key Points: Financial firms currently adopt artificial intelligence technology at more than twice the rate of government regulators. Only 24...
Key Points: Amazon will share its first-quarter earnings this Wednesday alongside massive tech rivals like Google and Microsoft. The company...
Key Points: Energy prices will jump 24% this year due to the ongoing war in the Middle East. Brent crude...
Key Points: General Motors reported an adjusted first-quarter earnings of $3.70 per share, completely crushing the expected $2.62. The automaker...
Key Points: T-Mobile introduced SuperBroadband, a new business internet service combining 5G networks with Starlink satellite backup. The service specifically...
Key Points: The United Arab Emirates will officially leave the OPEC and OPEC+ oil cartels on May 1. Abu Dhabi...
Key Points: King Charles will deliver a 20-minute speech to Congress on Tuesday to mend the special relationship. Tensions flared...
Key Points: Major industrial businesses in China grew their total profits by 15.5% to reach 1.696 trillion yuan in the...
Key Points: A severe El Niño weather pattern will trigger extreme heatwaves in Asia and cooler summers in North America...
Key Points: Organizers ask Australians to withdraw money today to protest the push toward a cashless society. The movement hopes...
Key Points: CSSC Engine delivered China's first ammonia-fueled marine engine by partnering with over 130 international companies. The Chinese manufacturing...
Key Points: Critical Metals agreed to purchase European Lithium for $835 million in an all-stock transaction. The acquisition gives the...
Key Points: Foreign car companies warned the Trump administration that they might stop selling affordable vehicles in the United States....
Key Points: Brent crude stayed near $108 a barrel after jumping 2.8% as traders watched the latest peace negotiations. The...
Key Points: Foreign car brands now use Chinese electric vehicle platforms and software to build their new models. Volkswagen and...
Key Points: Micron and SanDisk shares jumped again on Monday as analysts predict strong demand for artificial intelligence memory through...
Key Points: The global oil market lost 13.7 million barrels of daily supply due to the ongoing conflict in Iran....
Key Points: Qualcomm shares jumped 13% following reports of a new partnership with OpenAI to build a smartphone processor. Tech...
Key Points: Joby Aviation executed the first point-to-point electric vertical takeoff and landing flight in New York City. The new...
Key Points: Major European media groups sent a letter to EU leaders on April 21, warning about a new digital...
Key Points: Bayer asked the US Supreme Court to block tens of thousands of lawsuits claiming Roundup weedkiller causes cancer....
Key Points: Microsoft will roll out its Copilot 365 artificial intelligence software to all 743,000 Accenture workers. Barely 3 percent...
Key Points: Fewer than 1% of Blue Owl Capital Corp. II shareholders accepted a buyout offer from Saba Capital Management...
Key Points: Germany currently holds 3,350 tonnes of gold, valued at roughly €440 billion. A top economic researcher wants the...
Key Points: TotalEnergies is running its Gonfreville refinery at exactly 100% capacity to ensure steady fuel supplies. The facility processes...
Key Points: Shell agreed to purchase ARC Resources for $13.6 billion to boost its long-term energy production. The massive transaction...
Key Points: Bank of America created a financial screen featuring 67 stocks with a combined market capitalization of $5.5 trillion....
Key Points: Amazon signed a multi-year deal with Harpo Entertainment to grab exclusive advertising rights for The Oprah Podcast. The...
Key Points: Major technology companies successfully killed the Based Act in California in just over 30 days. State Senator Scott...
Key Points: Intel shares just broke a record high originally set back in August 2000. The S&P 500 index climbed...
Key Points: President Donald Trump ordered a naval blockade to force Iran to stop pumping oil. Analysts estimate that Iran...
Key Points: Prediction platforms Kalshi and Polymarket plan to offer perpetual futures to American cryptocurrency traders. Perpetual futures accounted for...
Key Points: German conservative leaders handed the EU Commission a list of 27 specific demands to reduce business regulations. EU...
Key Points: Salesforce and Slack filed a lawsuit against Microsoft in London on April 23. The legal team accuses Microsoft...
Key Points: U.S. crude prices climbed 2.85% to $97.05 a barrel due to restricted shipping in the Middle East. Major...
Key Points: David Silver secured a record $1.1 billion seed funding round to launch his new artificial intelligence company, Ineffable...
Key Points: Beijing issued a public warning against the European Union regarding its newly proposed Industrial Acceleration Act. The Chinese...
Key Points: Financial analysts expect General Motors to report $43.68 billion in first-quarter revenue, slightly trailing last year. The automaker...
Key Points: Microsoft announced a major contract update that ends its exclusive rights to use OpenAI technology and artificial intelligence...
Key Points: China abruptly canceled Meta Platforms' massive $2 billion deal to buy Manus, a fast-growing agentic artificial intelligence startup....
Key Points: Elon Musk takes Sam Altman to court over OpenAI's transition from a charity to a massive business. Microsoft...
Key Points: SpaceX sent a formal letter to the FCC on April 16 asking regulators to restrict foreign satellite competitors....
