Latest Finance-Economy News
Oil Climbs Above $100 as Iran Talks Stall in Hormuz Standoff
Brent crude rises above $100 a barrel due to escalating tensions in the Strait of Hormuz, with no firm US deadline for Iran's peace proposal. Iran menaces Hormuz as oil tankers test US blockade, heightening energy market disruption fears. Experts see temporary effects but warn of inflation risks.
Tesla Boosts Spending Plan to $25 Billion on AI and Robotics
Tesla announces billions in additional spending, targeting up to $25B this year for AI and robotics investments amid EV demand recovery. Profit tops expectations, though clarity on capacity plans is lacking. This aggressive push aligns with tech's mixed earnings.
SK Hynix Profit Jumps on Soaring AI Memory Chip Demand
SK Hynix reports strong 1Q results with profit boosted by high AI chip prices, driving Korean stocks to records. Samsung also hits records amid AI optimism. South Korean growth beats estimates on AI-fueled exports.
S&P 500 Hits Fresh Record Led by Chipmakers
US equity futures fall after S&P 500 reaches new high, propelled by chipmakers despite mixed tech earnings. Chips shine while software struggles. Markets show fragility amid Iran war concerns.
SoftBank Seeks $10B Loan Backed by OpenAI Shares
SoftBank pursues a $10 billion margin loan secured by OpenAI shares to fuel AI ambitions under Masayoshi Son. This adds to its debt pile amid global AI boom. Investor interest in AI remains high.
US Probes Risk in $3 Trillion Private Credit Industry
Wall Street Journal reports US officials ramping up inquiries into risks in the $3T private credit sector. Investor angst prompts some exits as SEC opens probe. Concerns grow over market fragility.
Alibaba and Tencent Eye Investment in DeepSeek Startup
Tencent and Alibaba in talks to join DeepSeek funding round, valuing the Chinese AI startup over $20B. This reflects China's push in AI amid global tensions. Tech giants focus on domestic innovation.
China's Gotion: Iran War Shifts Focus to Clean Energy
Battery-maker Gotion states the Iran war redirects global attention to clean energy needs. This comes amid oil spikes and EV demand shifts. War disrupts traditional energy markets.
US Treasury Offers Currency Swaps to Gulf and Asian Allies
Secretary Scott Besson announces currency swap lines for Persian Gulf and Asian allies facing war pressures. This aids stability amid Iran conflict. Regional economies seek support.
Citadel Reports Rising AI Costs with Trading Gains
Citadel sees increased AI expenses alongside strong trading profits. This highlights tech investment trends in finance. AI costs rise across sectors.
Hungary Election Looms with Improving Economy but Policy Doubts
Hungary approaches pivotal election with economic gains, yet questions persist on policy, governance, and FDI. Crossroads ahead for the emerging market.