Global stock markets fell sharply as investors grew concerned about the high spending plans of AI-focused tech firms and rising geopolitical tensions in the Middle East. South Korea's Kospi index plunged nearly 9%, triggering a brief trading halt, led by major chipmakers Samsung and SK Hynix. Meanwhile, oil prices surged nearly 5% after Iran and Israel exchanged strikes, raising fears of further conflict that could disrupt oil supply. The sell-off reflects growing investor caution over tech valuations amid potential interest rate hikes and inflation pressures, signaling a more selective approach to AI investments going forward.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
