Oil prices rise after Saudi Arabia shut down critical pipeline that bypasses Strait of Hormuz
Crude oil prices popped on Sunday after Saudi Arabia closed its critical pipeline that bypasses the Strait of Hormuz.
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Stories Indexed: 359
AI stocks slide after major CEOs unite to urge slowdown
Anthropic CEO Dario Amodei said the industry "must slow the pace at which we improve the capabilities of AI models," amid growing concerns over risks from AI.
Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record
U.S. diesel prices have surpassed $6 a gallon for the first time ever as the Ukraine and Iran wars drive broader energy supply concerns.
Yen appreciation has carry-trade seekers looking at these two currencies
The Japanese yen's recent appreciation has investors looking elsewhere for carry-trade funding, with the currencies of China and Canada eyed as potential replacements.
Novo Nordisk rebrands to 'Novo,' unveils corporate changes as it fights for obesity market share
The Danish drugmaker called the changes the beginning of a new chapter for the company, which faces stiff competition from Eli Lilly.
LA Clippers owner Steve Ballmer apologizes over team sanctions
Los Angeles Clippers owner Steve Ballmer has apologized almost two weeks after a broad array of sanctions was slapped on the team by the National Basketball Association.
Shein shares fall 10% amid urgent recall of contact-lens cleaner by Australia, New Zealand
Shein's Hong Kong-listed shares fell as much as 10%, amid news that a contact lens product has been recalled urgently due to worries of contamination.
Cadbury cut two months off its supply chain lead time for a key chocolate-bar ingredient in one move
Mondelez is expanding its chocolate manufacturing operations in Malaysia, with the company also seeing further room for growth across Southeast Asia.
Anthropic walks tightrope to Nasdaq, pushing for a slowdown while pursuing $2 trillion valuation
As Anthropic meets with prospective investors ahead of its potentially historic market debut, CEO Dario Amodei is pushing for a slowdown in AI.
Trump says U.S. may keep Iranian oil 'like Venezuela' as Gulf-Iran Hormuz talks stall
President Donald Trump said the U.S. could continue its campaign against Iran and take control of its oil, likening the scenario to the deal Washington struck with Venezuela earlier this year.
Baker Hughes sees no slowdown in energy projects despite higher rates as AI buildouts stoke LNG demand
Baker Hughes has yet to see higher borrowing costs slow investment in major energy projects, with its chief executive pointing to robust demand for natural gas and power from the global buildout of artificial intelligence infrastructure.
Z.ai shares tumble over 10% after $5 billion fundraising, its second major raise in two months
Shares of Chinese artificial intelligence company Z.ai tumbled more than 10% on Monday after the company announced plans to raise about $5 billion through a new share placement and convertible bond sale, marking its second major fundraising in two months.
The 10-year Treasury is closing in on 5%. How it gets there matters more
The 10-year Treasury yield is closing in on 5%, a level last touched in October 2023. Strategists say the drivers behind higher yields are more important.
Prediction markets are becoming more professionalized, but also harder to beat
The institutionalization of prediction markets threatens to erode the edge of skilled traders who earn off mispricing and market inefficiencies, experts say.
Jim Cramer questions Anthropic CEO's slowdown manifesto and puts forth an action plan
While I have grown tired of his endless proclamations, Dario Amodei does raise points that will impact many stocks if the spending curb proceeds.
Here are the 2 big things we're watching in this week's stock market
We're looking forward to what promises to be a consequential Federal Reserve meeting and a slew of conferences.
Washington scrambles to meet calls for AI guardrails while the window to act closes
The House is scheduled to be sent home in the coming days until after November's midterm elections, leaving a narrow window to pass any form of AI regulation.
Anthropic's Amodei says China presents 'toughest dilemma' for his proposed AI slowdown
Anthropic CEO Dario Amodei said Sunday that the "toughest dilemma" about his proposal to slow the advancement of artificial intelligence is what happens if adversarial nations, namely China, choose not to do the same.