Wheat futures jumped to a six-week high amid speculation that Russia might close the Sea of Azov to shipping, threatening grain exports from the world's largest supplier following Ukrainian attacks on Russian tankers.
Crypto payment gateway NOWPayments has introduced a new infrastructure that uses email addresses for mass crypto payouts, a system the company claims eliminates both network and service fees for businesses.
TrueDAO has closed a $10 million strategic funding round led by Brevan Howard Digital to accelerate the development of its AI-powered decentralized financial infrastructure. The capital will also support risk control systems, security audits, and global compliance efforts.
U.S. stocks closed higher on Friday, with the S&P 500 finishing just shy of a record, as the successful market debut of chipmaker SK Hynix fueled optimism in the technology sector ahead of next week's earnings season kickoff.
Oil prices are on track for a significant weekly increase, with Brent crude set to gain 6%, as escalating military conflict between the U.S. and Iran stokes supply fears, overshadowing concerns about global inflation.
Australia has detected the H5N1 avian influenza virus in a local seabird for the first time, a development that signals a potential escalation in the virus's spread and increases risk for the nation's multi-billion dollar poultry industry.
The U.S. dollar strengthened after military strikes in Iraq pushed oil prices higher, fueling bets that the Federal Reserve will maintain a hawkish stance. Sterling's gains were seen as technical, while the euro showed resilience on ECB rate hike expectations.
U.S. Treasury and eurozone government bond yields held steady on Friday, pausing after a sharp sell-off driven by renewed military clashes between the U.S. and Iran that stoked fears of a new wave of energy-driven inflation.
U.S. Treasury and Eurozone government bond yields remained elevated after a sharp escalation in U.S.-Iran tensions triggered a surge in oil prices, causing investors to price in higher inflation.
