John Ternus, Apple's incoming CEO, has affirmed his commitment to expanding the company's entertainment division, signaling a continuation of the premium content strategy for Apple TV established under Tim Cook.
U.S. officials have reportedly conducted spot checks on factories in Vietnam with ties to China to investigate potential tariff circumvention and intellectual property violations, according to a Bloomberg News report.
A broad sell-off hit Asian markets, led by a rout in semiconductor stocks, as investors grew anxious about the massive capital demands of the AI industry and rising competition from China.
South Korea's KOSPI and Japan's Nikkei 225 led a sharp decline across Asian equities, as a rout in semiconductor stocks intensified amid concerns over AI investment levels and rising competition.
Market Technology Acquisition Corp., a special purpose acquisition company, has successfully closed its $205 million initial public offering on the Nasdaq. The SPAC plans to target businesses within the global capital markets and financial technology sectors for a future merger.
The U.S. Education Department has warned two school districts in Michigan and Maryland that they risk losing federal funding over policies concerning transgender students, which the agency alleges violate federal privacy laws.
South Korea's benchmark KOSPI index triggered market-wide circuit breakers after falling more than 9%, driven by a sharp sell-off in major semiconductor stocks like Samsung and SK Hynix amid concerns over AI infrastructure spending.
Shares of Samsung Electronics and SK Hynix plunged amid a sector-wide selloff, fueled by investor concerns over China's growing technological capabilities and questions about the financing of AI infrastructure.
Crude oil benchmarks continued to fall in Asian trading, building on a more than 9% overnight plunge, as diplomatic efforts between the U.S. and Iran eased investor concerns over a wider conflict disrupting Middle East supplies.
