Global markets reach record highs while energy and geopolitical tensions intensify amid ongoing conflicts.
Key Points
The S&P 500 rose and the Nasdaq hit all-time highs as investors signaled continued confidence in megacap tech stocks despite broader economic uncertainty.
Saudi Aramco CEO Amin Nasser warned that global oil stockpiles are currently 'scarily thin,' citing market vulnerability due to ongoing US-Iran geopolitical tensions.
AMD agreed to acquire the AI startup World Labs, founded by computer scientist Li Fei-Fei, for $8.2 billion in a strategic move to sharpen its competitive edge against Nvidia.
Huawei is accelerating the rollout of its self-developed Tau Scaling Law chips as part of a significant push to bolster China's domestic semiconductor capacity.
The US Federal Reserve faces a growing challenge as high interest rates fail to dampen AI-related infrastructure investment, which analysts note is contributing to inflationary pressure.
Privatisation efforts in Pakistan gained momentum as the government prequalified nine parties for the sale of the Gujranwala Electric Power Company (GEPCO).
OpenAI announced plans to watermark ChatGPT text content within the European Union, addressing growing regulatory and transparency demands regarding AI-generated media.
New data shows Apple has reclaimed the top spot in China’s smartphone market following the launch of the iPhone 18 Pro series, providing a needed boost to the region's handset sector.
TechCrunch reports that the AI startup Etched is currently fielding funding offers that place its valuation at over $40 billion, underscoring intense investor appetite for AI-native hardware firms.