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BusinessTODAY'S PULSE

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.

UPDATED TODAY72 sources

Key Points

1

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.

2

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.

3

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.

4

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.

5

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.

6

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.

7

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.

8

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.

9

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.

10

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.

SOURCES72 articles · 9 outlets
nytimes.com8 articles
aljazeera.com8 articles
techcrunch.com8 articles
wired.com8 articles
scmp.com8 articles
tribune.com.pk8 articles
brecorder.com8 articles
marketwatch.com8 articles
telegraph.co.uk8 articles