Iran intensified its military campaign against the United States and its regional allies over the weekend, launching missile and drone attacks on U.S. facilities across the Gulf while announcing it had once again closed the strategically vital Strait of Hormuz. However, the U.S. Central Command has since challenged the statement, posting on X that “The Strait of Hormuz is a vital maritime corri
SK hynix Inc shares jumped in their debut on the United States stock market as the South Korean memory chip maker tapped into continued investor enthusiasm for artificial intelligence (AI) companies. In one of the largest foreign share offerings in U.S. market history, the American depositary receipts (ADRs) of SK Hynix rose 13% on their first day of trading on Friday (Saturday AEST) on the NAS
Apple is designing a chip carrying up to 1.5TB of unified memory, roughly double the capacity planned for this year's M5 Ultra, according to Bloomberg's Mark Gurman. Rumour has it the M7 Ultra is due in 2028 and is being engineered to handle workloads closer to dedicated AI accelerators such as Nvidia's Blackwell than to a typical desktop processor. It will underpin a server platform Apple i
Wall Street closed lower on Monday (Tuesday AEST) after geopolitical tensions in the Middle East escalated over the weekend, with United States President Donald Trump announcing the reinstatement of a blockade on Iranian ports, denting investor risk appetite. The Dow Jones Industrial Average fell 138.3 points, or 0.3%, to 52,498.7. The S&P 500 declined 59.9 points, or 0.8%, to 7,515.5, while th
Apple has filed a lawsuit in the United States alleging OpenAI orchestrated a campaign to obtain confidential information to accelerate its entry into the consumer hardware market. The lawsuit against OpenAI, which also names two former Apple employees, marks a significant escalation in tensions between the two technology companies that had previously worked closely together. The lawsuit fil
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United States President Donald Trump has called for an end to all trade with Spain during a meeting with NATO's Secretary General. Secretary General Mark Rutte was one of many NATO leaders gathered in Ankara, Turkiye, for a summit. Spain is the only member nation that did not commit to an increase in military spending, equivalent to 5% of GDP, last year, with tension continuing to rise betwe
Delta Air Lines reported its second-quarter earnings, with higher fares expected to remain in place. An increase in fuel prices earlier in the year led the United States-based airline to bump up the cost of its fares in response, but despite fuel prices dropping again, the fares are not, according to CEO Ed Bastian. Despite these difficulties, the quarterly results were positive overall.
The International Monetary Fund (IMF) has lowered its 2026 global growth forecast, warning that the world economy faces continued risks from the Middle East conflict, trade fragmentation and a potential correction in artificial intelligence-driven market expectations. The IMF now expects the global economy to expand 3.0% in 2026, down from its April forecast of 3.1%, before growth rebounds to 3
Exchange-traded funds (ETFs) have evolved from a tactical trading tool into a core portfolio management instrument for institutional investors, with adoption continuing to accelerate across North America, according to S&P Global. Once primarily used for short-term portfolio functions such as liquidity management, manager transitions and portfolio completion, ETFs are increasingly being deployed
The state of New York has sued some of the world's largest chemical manufacturers for allegedly exposing consumers to toxic "forever chemicals" for decades while concealing the risks and contributing to widespread environmental contamination. New York Attorney General Letitia James filed the lawsuit in the New York State Supreme Court, naming 3M (NYSE: MMM), DuPont de Nemours (NYSE: DD), Chemou
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