Oil prices jump 4% in the wake of Hamas attack on Israel
Oil prices popped on Monday as the Israel-Hamas conflict extends into a third day following a surprise attack on Israel by Palestinian militants Hamas.
Financial News
The big AI and robotics concept that has attracted both Walmart and Softbank
Symbotic is an AI-powered warehouse technology that has deals with Walmart, Target and Albertsons. Its stock is up a lot, and Walmart is a big shareholder.
Amazon launches first internet satellite prototypes
Amazon’s first pair of prototypes for its Project Kuiper satellite internet system launched on Friday.
China plans to ease one of the biggest hurdles for foreign business
Chinese authorities are signaling a softer stance on once-stringent data rules, among recent moves to ease regulation for business, especially foreign ones.
Something is breaking in financial markets — Here’s what’s behind the sell-off
The pain of recognition was acute for Wall Street on Tuesday, with major averages down sharply across the board.
Hong Kong shares drop 3%, dragged down by real estate and energy
Hong Kong’s Hang Seng Index dropped more than 3% Tuesday, dragged by its real estate and energy sector.
World Bank downgrades developing East Asia growth forecast, weighed by a slowing China
Even though East Asian economies have mostly recovered from the series of shocks since 2020, including the Covid-19 pandemic, the pace of growth will likely slow.
Apple will issue a software update to address iPhone 15 overheating complaints
Apple said that the new iPhones were running hot because of a combination of bugs in iOS 17, bugs in apps, and a temporary set-up period.
House Republicans cancel planned recess as government shutdown appears more likely
The federal government is due to shut down operations early Sunday if Congress does not approve a funding bill that President Joe Biden signs.