Tech stocks tumble as AI debt fears rattle Wall Street
Wall Street is pulling back from chipmakers and other tech companies amid concerns about the debt incurred to build out AI.
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Wall Street is pulling back from chipmakers and other tech companies amid concerns about the debt incurred to build out AI.
The Treasury Department published the U.S. budget deficit for the 2026 fiscal year.

Oil prices jumped sharply Friday to their highest levels in weeks, as investors assessed the impact of both the Iran and Ukraine-Russia wars on global energy.

The ECB has authorised UniCredit to exceed 30 percent of Commerzbank and keep buying with no cap. Berlin, which wants Commerzbank listed and based in Frankfurt, is left to bargain over guarantees.

How today's headlines lean, scored by our AI analysis of each article.
American professors Robert E. Hall and Michael Woodford have won the 2026 Nobel prize in economics for developing new economic models that help governments and central banks stabilize their economies to minimize the impact of external shocks.

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The deal puts CEO David Ellison in control of one of the world’s largest entertainment companies.

Brazil's main stock exchange surged to a record high on Monday as the country's markets cheered on right-wing Senator Flavio Bolsonaro's better-than-expected finish in the first round of Sunday's presidential election.

Iraq's state-owned Oil Tanker Company transported 2 million barrels of Iraqi crude aboard a very large crude carrier (VLCC) through the Strait of Hormuz, in what its director general described on Saturday as the company's first such operation in decades.

The Group of Seven rich democracies say they've agreed to release 100 million barrels of oil and fuel products, starting with “substantial” amounts of diesel after the fuel recently hit record high prices in the U.S.
Australia's central bank raised its cash rate to a 15-year high of 4.60% on Tuesday in its fourth hike of the year, saying inflation was too high and it was prepared to hike further if needed.

Switzerland's financial watchdog said Tuesday the bank Julius Baer committed "serious" regulatory violations, but the wealth manager's share price surged as investors turned the page on a probe partly…

Russia has placed the local assets of German retailer Metro AG under temporary administration, according to a presidential decree published on Monday, amid heightened Ukraine-linked tensions between Moscow and Berlin.

The two sides also agreed to set up a trade council and extend the outcomes of earlier talks in Kuala Lumpur.

Lula, who is currently in a tight presidential race against Flávio Bolsonaro, said the industry was a "cancer" that he must "remove".

PARIS — Diesel prices at pumps across the European Union (EU) have hit a new high of €2.23 per litre, up from€2.16 the previous week, an Agence France-Presse ( AFP ) analysis of European Commission data published Thursday showed.

Turkish Airlines has suspended all flights to Iran until at least March 2027, a company representative told Iran International, as Iraq also moves to halt Iranian carriers following a US Treasury warning of a worldwide shutdown of their operations.

Ceer revealed EXOBOT on Monday, the new flagship electric SUV and sedan from Saudi Arabia’s first EV brand and auto...

Iran’s non-oil economy contracted 4.6 per cent, while oil and gas extraction fell 26.4 per cent in the quarter covering much of the war period

The Bank of Japan raised interest rates to a 31-year high on Friday and said it would lift them further as it looks to counter inflation fuelled by surging energy prices and a weak yen.

The Kremlin has moved to seize the Russian assets of Nestlé and French retailer Auchan amid a broader nationalization drive in the country that has seen a surge in seizures of private assets.

Baghdad launches investigation, closes border after confirming strike came from Iraqi territory.

Oil prices remain elevated amid worries that escalating tensions in the Middle East could further exacerbate supply disruptions

The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war.

The IMF said on Thursday the global economy had weathered the energy shock caused by the war in the Middle East better than feared and global economic output was still expected to expand by about 3% in 2026, but it cautioned that risks remained high.

The United States banned a broad swath of Canadian alcoholic beverages, motorcycles and dairy products from import on Tuesday, sharply escalating an already acrimonious trade spat.

The targets include Iranian airlines and operators in Malaysia, Turkey, Kazakhstan and the United Arab Emirates, including Mahan Air.

The average price of diesel hit an all-time high Friday in the U.S., as the conflict with Iran puts more strain on the global energy supply. The average cost of a gallon of diesel in the U.S. was u…

Stock indexes mostly rose on Wednesday after three days of declines as investors watched for new developments in the U.S.-Iran conflict, while the Japanese yen rose sharply against the U.S. dollar.

The Dutch central bank moved 86 tons of gold from New York and Ottawa to London, calling it the hub for physical gold trading.
