Global markets fluctuate amid geopolitical tensions as regulatory scrutiny intensifies for major tech and prediction platforms.

Wall Street indices saw a decline as renewed military activity between the U.S. and Iran pushed global oil prices to $90 a barrel, heightening investor concerns.

The FTC and 22 states have filed a lawsuit against Amazon, alleging the company secretly inflated advertising prices and implemented a hidden surcharge scheme affecting millions of merchants.

Major music publishers, including Sony Music and Warner Music, have sued AI giant Anthropic, accusing the company of using copyrighted song compositions to train its Claude AI models.

Prediction market Kalshi has issued its first-ever lifetime ban against former U.S. congressman George Santos, citing evidence of attempted market manipulation and non-compliance with investigations.

Chinese tech firms are scaling up, with AI company Z.ai reporting a 400% revenue surge and chipmaker CXMT filing a lawsuit against the U.S. Pentagon over blacklisting.

A report from an IRS watchdog revealed that audit revenues have plummeted as the agency lost roughly 25% of its workforce since the start of the Trump administration.

The Indian government warned that elevated food inflation is expected to constrain household spending on non-food discretionary items in the coming months.

Tech sector news includes the resignation of Apple's top App Store executive Phil Schiller and the expansion of AI data center partnerships between U.S. firms and Saudi Arabia.