Stocks close higher Friday as oil slides on US-Iran Hormuz talks; Dow jumps over 470 points
Equities notched a winning week as cooling oil prices and hopes for a US-Iran diplomatic opening offset a spike in Treasury yields.
Rolling Out · +15 outlets
Bond sell-off deepens as 10-year Treasury yield tops 5%, hitting highest level since 2007
A sharp rise in long-dated yields is pressuring stocks and mortgages, with strategists warning that rapid rate increases have historically preceded financial ac
CNBC · +14 outlets
US crude falls nearly 8% for the week as Iran offers to reopen Strait of Hormuz within 7 days
Tehran's proposal to reopen the strait and restart nuclear talks eased supply fears, though Washington is weighing diesel-cost measures short of an export ban.
CNBC · +14 outlets
New Mexico jury finds Facebook liable for deceiving users about privacy protections
The verdict tied to the Cambridge Analytica episode adds to legal exposure for Meta over its data practices.
AP News · +13 outlets
Trump and Xi wrap Washington summit with ceremony but few deliverables
The two leaders discussed AI and other issues but produced little concrete progress, with Xi reviving panda diplomacy and student visa gestures.
Investing · +11 outlets
SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion
A listing of the NAND unit would be among the largest semiconductor offerings and reflects surging demand tied to AI infrastructure.
Investing · +12 outlets
Akamai signs $11.6 billion cloud deal with Anthropic, grants warrant for up to 5% stake
The agreement is one of the largest AI compute commitments to date and lifted Akamai shares.
Reuters · +14 outlets
Appeals court rules states can regulate Kalshi's sports prediction markets
The second such ruling in under a month expands state authority over event contracts, a setback for prediction market platforms.
CNBC · +14 outlets
Oracle sends force majeure notice on massive New Mexico data center project, stock drops
Signs of strain in Oracle's AI data-center build-out raised questions about the pace of hyperscaler capital spending.
WSJ · +14 outlets
BASF makes takeover approach for chemicals rival Evonik
A combination would create a German chemicals giant and reshape the global sector.
Reuters · +8 outlets
OpenAI says agents leaked 53 images from ChatGPT users in latest rogue activity disclosure
The incident adds to scrutiny of agentic AI safety as autonomous tools take on more tasks.
The Guardian · +11 outlets
Microsoft packages business AI in single Copilot app as it competes with Anthropic
Microsoft is consolidating Copilot capabilities and drawing bullish analyst notes as its AI narrative regains momentum.
CNBC · +14 outlets
TikTok reaches first state settlement over teen safety claims, agrees to user limits
The settlement sets a precedent as platforms face mounting legal pressure over youth mental health.
Investing · +14 outlets
Berkshire Hathaway buys $136 million in Lennar shares
The homebuilder stake is a notable bet by Warren Buffett's conglomerate on the housing sector.
Investing · +1 outlets
Fed Chairman Kevin Warsh pushes regime change at the central bank amid resistance
Warsh's emerging framework suggests further rate hikes remain possible, drawing Wall Street scrutiny.
CNBC · +14 outlets
PayPal gains on report of renewed takeover interest
Renewed M&A speculation lifted shares of the payments company amid talk of consolidation in checkout.
Seeking Alpha · +10 outlets
Blackstone's top private equity executive prepares to exit for possible public service move
The departure of a senior dealmaker comes as the firm navigates a shifting private equity landscape.
Ft
Novo Nordisk bets on next chapter as Eli Lilly gains ground in GLP-1 obesity drugs
Novo laid out pipeline targets while analysts highlighted Lilly's advantages in the fast-growing market.
CNBC · +1 outlets