Oil prices surge past $90 amid U.S.-Iran tensions while entertainment and tech sectors show strong momentum with Nolan's 'Odyssey' breaking box office records and China advancing in AI and semiconductor competition.
Key Points
Oil prices crossed $90 per barrel as Brent crude rose over 3% on Sunday amid escalating U.S.-Iran conflict, while S&P 500 futures remained largely flat as investors brace for geopolitical uncertainty and key tech earnings this week.
Christopher Nolan's 'The Odyssey' dominated the global box office with $264.1 million in worldwide ticket sales on its opening weekend, including $124.5 million domestically in the United States and Canada, securing the No. 1 position.
Spain defeated Argentina 1-0 in extra-time to win the 2026 World Cup, with the victory triggering questions about tax implications as the IRS is set to receive a portion of the championship prize money.
Adidas capitalizes on World Cup moment with nearly all field-related merchandise bearing the German company's logo, as CEO Bjorn Gulden states he 'couldn't have scripted it better' for driving U.S. sales growth.
Netflix invested $587 million in Ben Affleck's AI filmmaking startup, signaling major tech investments in artificial intelligence-driven content creation amid broader industry transformation.
China's Xi Jinping called for 'openness' in AI regulation at the World Artificial Intelligence Conference, emphasizing dual opportunities and challenges as Chinese tech giants like Alibaba and Tencent intensify enterprise AI competition.
China completed the world's first commercial brain-computer interface implant surgery, advancing its neurotechnology capabilities to rival Elon Musk's Neuralink and strengthening its position in medical AI innovation.
Sam Altman signals OpenAI price war as competition intensifies with Anthropic and Chinese rivals, with the company prepared to slash AI model prices amid accelerating global competition for market dominance.
China's memory-chip maker CXMT launched a mega IPO with subscriptions beginning, potentially becoming mainland China's second-largest initial public offering as the nation builds semiconductor independence.
Madison Square Garden sued Wired Magazine over a July article alleging the venue tracked celebrities' sexual orientation, claiming the report falsely implied discriminatory tracking practices and seeking damages.