The United States launched fresh military strikes against multiple targets in Iran on Wednesday, escalating tensions between Washington and Tehran as President Donald Trump intensified pressure on Iran to agree to a deal. U.S. Central Command (CENTCOM) announced in a post on X that the military had begun “launching additional self-defence strikes today at 5:15 p.m. ET against multiple targets i
Inflation in the United States accelerated in May to its highest level in three years as surging energy prices pushed consumer costs higher, though underlying price pressures remained more moderate than expected. The consumer price index (CPI), a broad measure of goods and services costs across the U.S. economy, rose 0.5% in May on a seasonally adjusted basis, lifting the annual inflation rate
Oracle Corporation shares fell in extended deals on Wednesday (Thursday AEST) due to worries about the scale of its artificial intelligence (AI) investment and despite the company reporting stronger-than-expected earnings for the fourth quarter of the 2026 financial year (Q4 FY26). The shares dropped US$12.26 (6.09%) to $189.00 in after-hours trading after the software and cloud-computing giant
Wall Street's major indexes closed sharply lower on Wednesday (Thursday AEST), with technology stocks leading broad-based declines as investors weighed renewed geopolitical tensions in the Middle East and signs of persistent inflation in the United States. The Dow Jones Industrial Average fell 953.3 points, or 1.9%, to 49,918.8. The S&P 500 dropped 119.7 points, or 1.6%, to 7,267.0, while the N
Super Nation is a fortnightly column that examines, explains and analyses key issues in one of Australia's largest, fastest-growing and most important industries: superannuation. If there is a widespread consensus across the super industry about the Compensation Scheme of Last Resort (CSLR), it is that they cannot agree on who should pay for it, as the cost continues to balloon. That is clea
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Anthropic has cleared its top-tier Mythos technology for general release through Claude Fable 5, betting that fresh safeguards can contain a capability it previously deemed too dangerous to share. Subscribers on Pro, Max, Team and Enterprise plans get Fable 5 free through 22 June, after which Anthropic will pull it and require usage credits until capacity expands, while business users face a ma
Microsoft has announced a brand new artificial intelligence (AI) model, a first of its kind for the company. The announcement came at the Build developer conferences, where the Copilot+ PCs were also notably missing, marking a move away from reliance on other artificial intelligence developers. The MAI-Code-1-Flash will seek to compete with the likes of Anthropic and OpenAI. It will produ
United States existing-home sales rose sharply in May, reaching their highest level since December as improving affordability and stronger buyer activity helped support the housing market despite elevated mortgage rates. According to the National Association of Realtors' Existing-Home Sales report, sales increased 3.2% from April and were also up 3.2% compared with the same month a year earlier
The United States trade deficit narrowed in April as record exports of petroleum products and capital goods outpaced import growth, providing a potential boost to economic growth in the second quarter. Data released by the Commerce Department's Bureau of Economic Analysis on Tuesday showed the trade gap contracted 1.2% to US$55.9 billion in April. March figures were revised lower, with the d
Corning shares climbed 5.6% during Monday's United States session after the company announced a multibillion-dollar agreement with Amazon to supply optical fibre and networking technology for the technology giant's rapidly expanding artificial intelligence data centre network in the United States. Amazon is expected to spend billions of dollars over several years under the agreement, which will
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