Latest Business News
U.S. orders blockade of sanctioned oil tankers to Venezuela; oil prices jump
President Donald Trump ordered a blockade on sanctioned oil tankers bound for Venezuela, sending U.S. crude and Brent prices higher and lifting energy stocks such as ConocoPhillips and Devon Energy amid broader market volatility.
AI-stock selloff drags Wall Street toward fourth straight loss
Heavy selling in AI-related and megacap tech names, including Nvidia and Broadcom, pushed U.S. markets lower and contributed to a multi-day decline in equities, according to market reports.
OpenAI reportedly to raise $10 billion from Amazon
Reports indicate OpenAI is securing a major funding round of about $10 billion with Amazon as a lead backer, a move that would further deepen cloud-AI partnerships and reshape competitive dynamics in AI infrastructure.
Sizzling AI trade weakens Asian currencies as capital floods U.S. stocks
Analysts say the AI-driven flow into U.S. equities is contributing to weakness in Asian currencies such as the yen and won, as investors convert local currency to dollars to buy AI-focused stocks.
UN convention to create a single electronic negotiable multimodal transport document
The UN (UNCITRAL) reached a deal to allow a single fully electronic, negotiable multimodal transport document, which would reduce trade risk, enable sales in-transit, and support new trade corridors; the UN General Assembly backed the resolution.
Warner Bros. Discovery board still recommends sale of Warner Bros. to Netflix amid competing bid
Warner Bros. Discovery's board continues to recommend approval of Netflix’s buyout offer for its Warner Bros. business while facing a rival hostile bid from Paramount Skydance, creating merger uncertainty and active stock moves.
S&P Global: U.S. speculative-grade corporate default rate expected to ease
S&P Global Ratings forecasts the U.S. trailing 12-month speculative-grade corporate default rate will decline to about 4.0% by Sept. 2026 from 4.2% previously, signaling easing stress in lower-rated corporates.
Starfighters Space closes Reg A IPO; expected NYSE American listing
Starfighters Space closed its Regulation A initial public offering and announced its common stock is expected to begin trading on the NYSE American under ticker 'FJET', marking a new small-cap aerospace listing.
Treasury yields steady ahead of U.S. consumer inflation report
U.S. 10-year Treasury yields held around 4.15% as markets awaited a U.S. consumer inflation report that could influence Fed expectations and bond market direction.
Global markets mixed after AI-led flows and geopolitical pressure
Equity markets were mixed across regions—Asian markets advanced while Europe showed mixed results—reflecting AI-led capital flows, oil-price moves due to geopolitical actions, and company-specific earnings and M&A developments.