The U.S. Commerce Department is expected to lift export controls on Anthropic's Fable 5 AI model on Tuesday, a source said, partially reversing a June 12 order that forced Anthropic to suspend access …
Anthropic launched its cheaper Claude Sonnet 5 model, designed for agentic AI and autonomous tasks, as tech companies like Meta, Amazon, and Uber seek to cut AI token costs. The model offers improved …
Anthropic launched Claude Science, a workbench for scientific research, at its AI for Science event on Tuesday. The offering aims to expand revenue streams ahead of the company's planned IPO later thi…
Global stocks surged $7 trillion in the first half of 2026 despite a $9 trillion drop in March caused by the Iran war, as an AI boom drove markets higher. South Korea's stock market doubled, SpaceX so…
Palantir stock has crashed 35% this year and fallen 45% from its 52-week high, despite strong first-quarter revenue of $1.63 billion. Analysts like Wedbush's Dan Ives argue the sell-off is overdone, c…
Nvidia stock has underperformed the S&P 500 for six straight trading days, the longest stretch since September 2025, driven by institutional rotation out of AI hardware stocks and concerns over Big Te…
Shares of call-center companies Concentrix Corp. and Teleperformance SE fell sharply after Concentrix cut its revenue outlook and warned that clients are reducing spending, fueling analyst concerns th…
Chip stocks have more than doubled in the first half of 2026 despite a turbulent period marked by the Iran war and geopolitical tensions, with the U.S. SOX chip index posting its best second quarter o…
Technology stocks are on pace for their best first half since 2023, rallying 28% year to date, driven by AI infrastructure investments despite underperformance from the 'Magnificent Seven' megacap sto…
Chip stocks are heading for their best quarter ever, with the Philadelphia Stock Exchange Semiconductor Index soaring 81% in Q2, driven by AI demand. However, recent volatility and concerns about sust…
Samsung Electronics and SK Hynix pledged 3,200 trillion won ($2.07 trillion) in investments to expand South Korea's memory chip production capacity, betting on sustained AI demand. The plan, supported…
Asian shares mostly rose on Tuesday, tracking Wall Street gains, while the Japanese yen hit a 39-year low against the U.S. dollar, trading near 162 yen. South Korea, Japan, and Taiwan rebounded from e…
The yen slid to its weakest against the dollar in four decades, breaching 162, as traders watch for Japan's next intervention level. Strategists point to 163 and beyond, citing the Finance Ministry's …
SpaceX's record-breaking $86 billion IPO left Mirae Asset Securities Co., a South Korean brokerage, with zero stock allocation due to a misunderstanding over order submission. Mirae treated an early i…
A survey by OMFIF found that for the first time, more central banks plan to cut dollar holdings than increase them over the next decade, citing U.S. political risks. The survey of 90 institutions mana…
China's factory activity expanded in June, with the official manufacturing PMI rising to 50.3 from 50 in May, driven by robust demand for AI hardware exports. The improvement exceeded economists' expe…
Tencent Holdings Ltd. is ramping up share buybacks as its Hong Kong-listed shares struggle to recover from a selloff that has wiped out about $309 billion in market value since early October. The Shen…
The House passed the KIDS Act, requiring online platforms to limit minors' access to sexual material, provide parental controls, and mandate age verification, but the Senate seeks stricter measures im…
The Bank for International Settlements warned that the AI frenzy adds risks to an already vulnerable global economy, while a new report shows 37% of recent first-time buyers regret their mortgage size…
Iran's Deputy Foreign Minister Kazem Gharibabadi reiterated Iran's determination to control maritime traffic through the Strait of Hormuz, warning that Iran will proceed with its own plans if Oman doe…