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Shares of US drone manufacturers rallied Friday after President Trump announcedImporttariffs aimed at boosting domesticManufacturingand reducing reliance on foreign-made components. Unusual Machines Inc. (NYSE:UMAC) rose 21%, while Red Cat Holdings Inc. (NASDAQ:RCAT) gained about 5%, and shares of AeroVironment Inc. (NASDAQ:AVAV) and Kratos Defense …
Investors have returned to bullish positions on US equities this month, reversing the caution that followed July's chip stock sell-off. The S&P 500 has gained around 4% in August to trade at a record high above 7,800, while theNasdaq100 has rebounded sharply after briefly …
OpenAI and Anthropic have cut prices on their mid-tier AI models as rising costs push someBusinesscustomers toward cheaper alternatives from Chinese developers including Moonshot and DeepSeek. OpenAI cut the price of its GPT-5.6 Luna model by 80%, from $1 to $0.20 per million input …
The S&P 500 climbed to a fresh all-time closing high of 7,798.99 on Thursday, topping 7,800 on an intraday basis for the first time, with the rally led by the energy sector, which gained nearly 6% for the week through Thursday's close. Healthcare and …
The US dollar slipped Friday as weaker-than-expected economic data led to further recalibration of Federal Reserve rate hike expectations, though the currency remained on track to end a two-week losing streak as rising oil prices boosted safe-haven demand. The US dollar index fell 0.3% …
Amazon and Alphabet have this year begun issuing significant volumes ofDebtin foreign currencies, including Canadian dollars, Swiss francs, and British pounds, as the hyperscalers seek new funding sources to support AI infrastructure spending. Alphabet raised C$8.5 billion earlier this year in what was briefly …
Oil and gas operators in the North Sea must rapidly speed up decommissioning as more fields run down, the North Sea Transition Authority said in a report published Thursday. The NSTA said companies have made little progress on 500 old wells that are already …
Record rainfall stranded thousands of travelers at Tokyo's Narita airport on Friday, bringing widespread flooding to Japan's Chiba region that disrupted transport, cut power to thousands of homes, and killed at least eight people. More than 360 millimeters of rain fell within 24 hours …
Suspected Chinese hackers used publicly available AI tools to compromise government websites in Taiwan in what researchers describe as a first-of-its-kind breach. Researchers at Israeli cyber security company Dream said the attackers built an autonomous hacking tool that behaved like a coordinated cyber team, …
The Commodity Futures Trading Commission is conducting an internal review of "mention markets" on prediction betting platforms, contracts in which traders speculate on whether specific words will be used in a speech, earnings call, or television broadcast. The CFTC first alerted prediction platform Kalshi …
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