SoftBank plunges 13%, SK Hynix slides 10% as Asia tech rout tracks declines in the U.S.
SoftBank Group plunged, leading a broad selloff in Asian technology stocks amid mounting concerns over the rising cost of artificial intelligence infrastructure.
U.S.-Iran peace deal grants access to Tehran's nuclear sites, UN watchdog says
"The technical work has started, and we hope to be there soon," IAEA chief Rafael Grossi said at a news conference in Japan on Friday.
UN agency pauses Hormuz ship evacuation plan after first vessel attack under peace deal
The pause follows a container ship being struck near the coast of Oman on Thursday, with a U.S. official saying that Iran was responsible for the attack.
NBA targets Asian resurgence with technology and talent push
Southeast Asia has emerged as one of the NBA's fastest-growing markets for fan engagement, making the region a focal point for both player development and business expansion.
Oil slides 2% as markets look past fresh Iran tensions and focus on supply outlook
Oil extended declines on Friday, with markets focused any further breakthroughs in the Middle East conflict, while digesting a flurry of news from the region.
Airwallex hits $11 billion valuation with $320 million raise as fintech pushes into finance run by AI agents
Airwallex raised $320 million to build the financial infrastructure powering a world where AI agents handle business payments and finance.
Anthropic's latest hiring spree reveals where it's building AI data centers next
The AI lab is hiring for AI data center roles in Australia and Japan as it rushes to expand compute capacity overseas.
One of India's largest gold exporters paid its managing director just $180 a month, investigators say in accounting probe
Indian authorities have found accounting discrepancies in books of Indian gold company Rajesh Exports, and owner of Swiss refiner Valcambi.
ON Semiconductor strikes $7 billion deal for Synaptics in physical AI push
ON Semiconductor said the deal bumps up its total addressable market by $30 billion, to $243 billion by 2030.
Iran behind attack on cargo vessel near Oman in Strait of Hormuz, U.S. official tells MS NOW
"The only crop we're harvesting is what you planted: decades of mistrust," Iranian parliament speaker Mohammad Bagher Ghalibaf said in a social media post.
Luxury spending now driven by experiences and 'inheritourism'
While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.
Chicago Fed President Goolsbee says inflation is too high; Williams sees price pressures easing
In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.
Democrats probe Trump's troubled $16 million reflecting pool renovation
President Donald Trump has attempted to spruce up Washington in advance of the country's 250th anniversary.
Trump keeps turning Republican wins into loyalty tests — and political liabilities
President Donald Trump’s moves on housing, FISA, Iran and Washington projects are creating new headaches for Republicans trying to show voters they can govern.
Apple stock gets slammed on bigger Mac, iPad price hikes. Why it can weather the storm
The stock had its worst session in more than a year as management made its first official move to pass higher memory costs onto consumers.
Supreme Court limits Roundup cancer suits against Bayer's Monsanto
Glyphosate, used in Roundup weedkiller, is the most commonly utilized herbicide in agriculture, and it has long been linked to cancer claims.
Judge says lawsuit against Trump DOJ 'anti-weaponization' fund will proceed
Acting Attorney General Todd Blanche originally set up the fund as part of a settlement of a lawsuit by President Donald Trump against the IRS.
GM reveals 2027 GMC Sierra pickup with new V-8 engines, redesigned styling
The new GMC Sierra trucks are crucial to GM's sales and earnings, especially highly profitable luxury Denali and off-road AT4 models.
As Social Security faces trust fund depletion, some Washington lawmakers call for taxing high earners
High earners may only contribute Social Security payroll taxes for part of the year. As the program faces funding woes, some lawmakers say that should change.
Microsoft lifts price of Xbox consoles due to soaring component costs
Microsoft said it's increasing the price of Xbox game consoles after Apple announced price hikes for MacBooks and iPads.
JPMorgan names Doug Petno and Troy Rohrbaugh co-presidents as longtime exec Marianne Lake exits
The moves would appear to make Doug Petno and Troy Rohrbaugh the most obvious possible successors to JPMorgan Chase CEO Jamie Dimon.
Judge blocks Trump's rule limiting federal student loans for certain grad school borrowers
A federal judge temporarily blocked Trump's limits on how much certain graduate students can borrow. That policy was set to go into effect July 1.
Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
Bond ETF flows surge in hunt for yield: 'Market sniffing out something here,' says BlackRock exec
Bond investors are abandoning aggregate benchmarks in favor of a broad mix of fixed-income investments to maximize yield with the stock market on edge.