Booming AI chip demand helps create two new $1tn club members
SK Hynix and Micron are the latest tech firms to join the growing list of stocks with mega valuations.
Business
Better WiFi for hundreds of trains under government plans
Campaigners welcome the move but say passengers are mostly worried about train fares and delays.
Post Office investigation could be delayed by five years, police warn
The commander leading the national police inquiry says the size of the investigation team would need to double in order to meet its current timeline
Champion ethical hacker warns AI tools like Mythos could put her out of business
Chompie, one of the world's tops ethical hackers, says AI like Claude Mythos will make it harder for people like her to compete.
Instagram betting ads featuring Kane and Haaland banned
The advertising watchdog said the adverts featuring top footballers had a strong appeal to under-18s.
UK beer boom goes flat as breweries face closures and changing habits
The UK brewing sector is shrinking after years of craft expansion, with Companies House data showing more closures than openings as costs rise, pubs shut, and consumer drinking habits shift.
Fed Holds Rates Steady but Tilts Toward Cuts, Drawing Rare Four-Way Dissent
The FOMC kept its target range at 3.50%-3.75% for a third meeting but signaled cuts ahead, prompting the largest dissent vote since 1992.
Cisco to Cut Nearly 4,000 Jobs Even as AI Orders Drive Record Revenue
Cisco is trimming under 5% of its workforce after posting record $15.8B quarterly revenue, redirecting spending toward silicon, optics and AI security.
Coinbase cuts 14% of staff and replaces managers with 'player-coaches'
The crypto exchange is eliminating roughly 700 roles and flattening its hierarchy, with chief executive Brian Armstrong calling the move a structural change rather than a cost-cutting drill.
Big Tech's $665 Billion AI Bet: Will the Capex Surge Pay Off?
Alphabet, Amazon, Meta and Microsoft plan to spend up to $665 billion on AI in 2026, a 75% jump over 2025 as investors weigh returns against the bill.
U.S. Treasury yields rise as Iran war drives inflation pressure
U.S. Treasury yields rose as investors navigated inflationary pressures caused by the Middle East conflict....
Banks eye three ECB rate hikes this year as former Governor says he sees no stagflation — yet
Brokers now expect the ECB to hike interest rates this year as the specter of higher inflation and lower growth piles pressure on central banks to act....
Work from home, drive slower and don't use gas cookers: IEA advice on weathering the global energy crisis
The IEA warns of "the largest supply disruption in the history of the global oil market" due to the conflict in the Middle East....
Gold rebounds, but silver extends losses as oscillating oil prices spark market volatility
The metals saw bumpy trade on Friday morning, after joining a broad sell-off the previous day....
U.S. says Cuba is prohibited from taking Russian oil as two tankers head to island
The fuel-starved Caribbean island is facing its biggest test since the collapse of the Soviet Union under a U.S. oil blockade....
Trump invokes emergency powers with $23 billion in Gulf arms sales as Iran war wages on: WSJ report
The U.S. approved roughly $23 billion in weapons sales to three Gulf nations, moving to bolster their defenses as the Middle East war continued to escalate....
Japan wanted inflation and Iran war could grant that wish. But it's not the type Tokyo desires
The Iran war is pushing up "cost-push" inflation in Japan as opposed to the "demand-pull" inflation the BOJ seeks....
The Iran war is sending shockwaves through the world's busiest IPO market
Market volatility and geopolitical tensions have choked liquidity in India’s IPO market, forcing high‑profile companies to hit pause....
Oil falls as U.S. weighs releasing sanctioned Iranian crude to cool prices
U.S. oil prices extended their decline after Treasury Secretary Scott Bessent said Washington may soon lift sanctions on Iranian crude stored aboard tankers....
Stock futures tick higher, but S&P 500 heads for fourth losing week in a row amid rising oil prices: Live updates
The major averages posted back-to-back losses on Thursday, placing the S&P 500 on track for a fourth consecutive losing week....