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BofA sees $200 iPhone Pro price hike after Cook warns costs are ‘unsustainable’
Bank of America raised its iPhone Pro pricing forecast by $100 on top of a prior $100 increase, citing CEO Tim Cook's warning on memory chip costs.
OpenAI hires Google’s Shazeer and ex-White House AI adviser ahead of IPO
The IPO-bound company recruited Gemini co-lead Noam Shazeer and former Trump AI policy official Dean Ball in a dual talent grab.
EU weighs easing bank capital rules to unlock trillions in lending
The European Commission is considering letting banks manage capital compliance at the parent level, as industry groups say simplified rules could boost lending by over €2 trillion.
EU tech chief uses Anthropic ban to push digital sovereignty
Henna Virkkunen told CNBC at VivaTech that the US order restricting Anthropic's AI models shows Europe must build its own capabilities.
Economists warn U.S.-Iran deal won’t ease inflation already baked into global economy
The Bank of England held rates steady Thursday as analysts said months of energy disruption have locked in higher prices through 2027.
Stalled US-Iran talks, surging dollar rattle markets
Canceled Swiss negotiations and a hawkish Fed drove dollar strength and rattled emerging market assets heading into the weekend.
Fertilizer shipments fall 11% as Hormuz closure chokes supply
BIMCO says the US-Iran ceasefire could trigger a rebound, with 100 ships ready to move cargo once the strait reopens.
Iran ships 20 million barrels of oil as US blockade lifts
Crude prices have plunged as tankers flood global markets following the interim U.S.-Iran peace deal signed this week.
Asian refiners balk at Gulf oil rush after Hormuz reopening
Millions of barrels of stranded crude are set to flood the market, but refiners in India and East Asia have already locked in alternative supplies.
UniCredit reaches 42.5% Commerzbank stake as tender results land
Investors tendered 12.51% of Commerzbank's capital during the initial acceptance period, despite opposition from Berlin and the bank's own board.