Senior U.S. officials have stated that Washington is demanding a public commitment from Iran to cease all attacks on shipping in the Strait of Hormuz. The ultimatum comes amid escalating military tensions in the critical waterway for global oil supplies.
The parent company of Men's Wearhouse and Jos. A. Bank has submitted paperwork for a U.S. initial public offering, showing increased quarterly revenue as it aims to return to public markets after a 2020 bankruptcy.
Apple has filed a lawsuit against OpenAI and two former employees, accusing the AI firm of a systematic effort to steal confidential hardware designs and manufacturing processes. The legal action marks a significant escalation in the rivalry between the two tech giants.
Shares of medical device maker CONMED Corporation (CNMD) surged in after-hours trading Friday following a Bloomberg report that the company is exploring a sale after receiving takeover interest.
Apple has filed a lawsuit against artificial intelligence firm OpenAI and two of its former employees, accusing them of misappropriating trade secrets. The complaint marks a significant escalation in the rivalry between the two technology giants.
SK Hynix CEO Kwak Noh-jung has warned that the memory chip industry will face its most severe supply shortage in history in 2027, with demand expected to outpace production capacity through 2030.
The company has filed for an initial public offering of 5.6 million ordinary shares at a price range of $4.00 to $6.00, with plans to trade on the Nasdaq under the ticker 'TIWD'.
Russia has suspended traffic through the Don-Azov channel, a vital route for its grain exports, following a reported Ukrainian attack on 13 Russian vessels in the Sea of Azov. The move could impact nearly a quarter of the country's wheat shipments.
The CAC 40 index closed with a marginal gain on Friday, lifted by strong performance in basic materials and auto stocks, though a rise in the market's volatility gauge to a 52-week high signals underlying investor caution.
