The Iran war is becoming a bigger problem for household finances. What began as a geopolitical shock has turned into a direct cost-of-living issue, hitting fuel, borrowing costs, investments and grocery bills at the same time. The April ceasefire was meant to cool markets, but tensions around the Strait of Hormuz and stalled negotiations have
The 2026 FIFA World Cup kicks off June 11 in North America – the “largest edition” in tournament history, with 48 teams, 104 matches, and 16 host cities spread across the US, Mexico, and Canada. The economic footprint is enormous, and for equity investors, the question isn’t whether money will be made – it’s who
As the race to build ever more powerful artificial intelligence systems accelerates, one of the industry’s leading players is urging the world to consider a possibility that until recently belonged largely to science fiction: machines improving themselves without human intervention. Anthropic, the AI company behind Claude, said on Thursday that the ability to slow the
The countdown to SpaceX’s long-awaited stock market debut is entering its final days. Sixteen years ago, Tesla went public on the stock market, and today, Elon Musk is preparing to take another company public, which is already larger, more ambitious, and arguably far more controversial from a valuation standpoint. Tesla’s IPO raised about $226 million
Micron stock (NASDAQ: MU) has delivered one of the most extraordinary rallies in semiconductor history, but Wall Street is becoming increasingly cautious about how much future growth is already reflected in the share price. The memory-chip maker has become one of the biggest winners of the artificial intelligence boom, with its shares up about 840%
US stock index futures were mixed on Friday as a pullback in major chipmakers weighed on sentiment before the May employment report, a key test for investors trying to judge the Federal Reserve’s next move. Technology shares came under pressure after a strong rally, while traders also weighed inflation risks linked to higher energy prices
JPMorgan Chase, Bank of America, and Citigroup are preparing to launch a shared tokenized deposit network that is expected to go live in 2027, marking one of the most significant coordinated moves by major US banks into blockchain-based settlement infrastructure. According to a WSJ report, the project is being developed alongside other large financial institutions,
OpenAI has confirmed that it will comply with an executive order signed by US President Donald Trump that calls on artificial intelligence companies to allow the federal government to assess the capabilities of their AI models before they are released. Speaking to CNBC’s Arjun Kharpal, George Osborne, OpenAI’s head of countries, said the company would
The US labor market delivered another upside surprise in May, with employers adding far more jobs than economists had expected. The stronger-than-anticipated hiring came despite rising energy costs, persistent inflation concerns, and uncertainty surrounding the ongoing conflict in Iran. The Bureau of Labor Statistics reported on Friday that nonfarm payrolls increased by a seasonally adjusted
The UK’s FTSE 100 rose on Friday, outperforming several global markets amid a broader risk-off sentiment, as investors found reassurance in fresh data indicating that inflationary pressures linked to the Middle East conflict may be less severe than previously feared. The blue-chip FTSE 100 index gained 0.45% by 12:48 pm GMT, while the mid-cap FTSE