Crude oil prices held in a tight range this week as investors focused on the stalemate between the US and Iran. Brent, the global benchmark, ended the week at $88.28 a barrel, while West Texas Intermediate (WTI) settled at $83.45. Both benchmarks remain more than 30% below their highs for the year, and key developments
As governments and regulators around the world intensify scrutiny of social media’s impact on children, Meta’s landmark US settlement marks a major shift in how technology companies may be held accountable for the way their platforms are designed and used. Meta has agreed to overhaul parts of Instagram and Facebook in the United States and
Amazon shares AMZN surged 4% on Friday after Evercore ISI raised its price target on the e-commerce and cloud computing giant to $355 from $315.16, while maintaining an Outperform rating. The move came as analysts pointed to improving trends across Amazon’s retail, artificial intelligence and cloud businesses. Evercore sees upside from AI-powered retail Evercore ISI
HP Inc. shares HPQ fell 5% in trading after the PC and printer maker reported fiscal third-quarter results that beat Wall Street estimates but raised concerns about margins, PC demand and the sustainability of its earnings outlook. The company reported revenue of $15.7 billion for the quarter ended July 31, up 12.5% year over year
SpaceX (SPCX) shares rose about 2.5% on Tuesday after closing at its initial public offering price Monday, as JPMorgan highlighted the company’s expanding artificial intelligence ambitions and enterprise strategy. JPMorgan reiterated an Overweight rating and $240 price target on SpaceX, implying roughly 74% upside from the stock’s current price. JPMorgan sees AI opportunity JPMorgan’s bullish
US Treasury Secretary Scott Bessent threatened economic punishment against countries doing business with Iran as the Trump administration sought to intensify pressure on Tehran. Gold prices climbed to their highest level in more than three months as a weaker dollar and lower bond yields supported demand for the precious metal. Oil prices fell more than
US stocks closed mixed on Monday as a decline in technology and semiconductor shares weighed on the S&P 500 and Nasdaq, while the Dow Jones Industrial Average gained. Investors also assessed lower Treasury yields, fresh tariff threats and the prospect of expanded US sanctions on countries doing business with Iran. The S&P 500 fell 0.28%
Crypto tokens associated with President Donald Trump are plunging this weekend as his approval rating sinks to a new low. Official Trump (TRUMP) meme coin dropped to $2.488, down by 32% from its highest level on Saturday. WLFI and TRUMP tokens have slumped Similarly, the WLFI token dropped to $0.057, down sharply from the weekend
The online dating industry is facing one of its biggest tests since the pandemic boom. After years of rapid expansion caused by swipe-based matchmaking, many of the industry’s biggest players are grappling with slowing user growth, declining engagement and increasing skepticism from younger users. While companies are investing in artificial intelligence, safety features and new
Broadcom AVGO stock rose more than 1% on Friday even as semiconductor shares broadly weakened, with the Philadelphia Semiconductor Index down about 1%. The move comes after a difficult week for Broadcom, which fell sharply after Marvell Technology announced an agreement to help Google develop custom artificial intelligence chips. The deal also gave Alphabet an