Apple has filed a lawsuit against OpenAI and two former employees in federal court, alleging the misappropriation of trade secrets. The move signals a major escalation in the competitive tensions between the two AI industry leaders.
Investment firm Needham reiterated its Buy rating and $55 price target on Figure Technology, raising earnings estimates after the company's Q2 loan volume surpassed analyst expectations and its own guidance.
Silver's recent rally has hit a significant technical barrier around the $61.85 level, with multiple indicators suggesting the precious metal may be poised for a downward move after failing to sustain upward momentum.
Renewed military strikes between the United States and Iran in the Strait of Hormuz have disrupted oil tanker traffic and caused a spike in crude prices, although markets are signaling a belief that a wider conflict will be avoided. The geopolitical flare-up adds to investor concerns over inflation and volatility in global equity and bond markets.
Deutsche Bank strategists report that yield differentials and carry trades are the dominant forces in 2026 currency markets, overshadowing other geopolitical and economic events.
Crude oil benchmarks are poised for significant weekly gains, with geopolitical risks from U.S.-Iran clashes outweighing concerns over rising inflation and its potential impact on global demand.
Bitcoin's price rose above $64,000 on Friday, heading for a weekly gain as a rally in technology stocks and easing geopolitical tensions boosted investor risk appetite. The move highlights the cryptocurrency's increasing correlation with traditional risk assets.
The South African rand gained against the U.S. dollar, supported by a more than 1% increase in gold prices, a key export. The currency's strength came despite new data showing a sharper-than-expected decline in the nation's manufacturing output.
The U.S. dollar fell on Wednesday, erasing earlier gains driven by Mideast tensions, after minutes from the Federal Reserve's June meeting struck a more dovish tone on the future path of interest rates than investors had anticipated.
