U.S. markets finished mixed on Friday, with the Dow up 38 points and the S&P 500 and Nasdaq lower as tensions between the U.S. and the Middle East rose. Oil prices fell despite weekly increases. Investors reacted cautiously over the U.S. response to Iran, the Fed's signals of rate cuts, and geopolitical risks. Global markets show mild optimism and volatility.
Texas Instruments has announced investing over $60 billion to expand analog chip manufacturing in the U.S., focusing on foundational semiconductors used in everyday devices. Company has not mentioned the timeframe of investment but has stated that this is part of their long term expansion strategy. The move reduces reliance on foreign manufacturing and supports a more secure U.S. chip supply chain.
After the high-profile recruitment of Alexander Wang Meta is in advanced-level discussions to hire former GitHub CEO Nat Friedman and SSi co-founder Daniel Gross. Reports says that Meta is also offering enormous signing bonuses to hire top talents from other leading AI organizations including OpenAI
Google and Samsung mock iOS26 and a series of new features and developments announced by Apple during WWDC, for showcasing features that Android users have enjoyed for years.
esearchers from the Massachusetts Institute of Technology warn against the excessive use of ChatGPT-like chatbots, citing a decrease in cognitive ability and creative skills in people who heavily depend on them."
OpenAI, Meta, and Microsoft introduce unique features to improve the quality of daily digital intercommunications. OpenAI launches real-time image creation on WhatsApp, and Microsoft unveils a smart new AI agent on Windows PCs that performs tasks using natural commands.
US semiconductor giant Nvidia is going to participate in China International Supply Chain Expo. Though the event carries less significance in terms of scale and establishing meaningful business relations, the move by the US tech giant is more seen as symbolic to maintain its solid presence in the Chinese AI sector.
The Trump Organization has launched Trump Mobile today at a price range of $499. The company has not provided details on hardware or software specifications yet. The new phone is expected to compete with Apple and Samsung
Europe is stepping up its investment in AI infrastructure through a growing partnership between Nvidia and the French AI firm Mistral. The partnership is designed to reduce Europe the reliance on foreign tech giants by creating local data centers and developing AI chips.
Google has decided to end its partnership with Scfale AI after Meta acquired 49% stake in the company and its CEO, Alexander Wang joined Meta, as concern for data security grows.
Wall Street closed sharply lower on Friday as rising tensions between Iran and Israel spooked investors and drove oil prices up nearly 7%. Energy stocks gained, while tech and airline shares fell, signaling heightened market volatility.
Oil prices surged nearly 7% as escalating tensions between Israel and Iran raised fears of supply disruptions. Analysts warn markets may remain volatile unless the situation de-escalates quickly.
Gold prices climbed sharply as tensions in the Middle East drove demand for safe assets. Softer U.S. inflation also boosted hopes for rate cuts, supporting gold's rally above $3,400.
Asian markets declined on Friday as oil prices surged and geopolitical risks spiked after an Israeli strike on Iran. Investors moved toward safe-haven assets like gold, the Swiss franc, and U.S. Treasuries, while awaiting further developments.
Gold prices advanced after softer U.S. inflation data raised hopes for a Fed rate cut by September. The dollar weakened and yields dropped, lifting the broader precious metals market.
Asian markets posted modest gains as U.S.-China trade talks showed early signs of progress. Investors remained cautious ahead of key U.S. inflation data and a major Treasury auction.
Oil prices continued to rise due to positive U.S.-China trade talks and reduced Saudi oil shipments to China. However, potential increased supply from Iran and OPEC+ raises concerns about oversupply later this year.
Gold edged higher as investors positioned for key U.S. inflation data and awaited U.S.–China trade progress. Physical demand trends and weaker dollar support helped buoy the precious metal amid cautious sentiment.