Wall Street Tech Stocks Slide as Oil Prices Surge Amid US-Iran Tensions
US attacks on Iran triggered a sharp rise in oil prices and dragged down technology shares on Wall Street, intensifying market volatility.
Latest news
Corporate Power
Trade & Tariffs
GSK Acquires Nuvalent for $10.6 Billion to Accelerate Lung Cancer Drug Pipeline
GSK’s $10.6 billion all-cash deal for Nuvalent marks its largest acquisition in over a decade, strengthening its oncology portfolio with two late-stage lung cancer therapies.
Markets & Macro
Ghana’s Economy to Grow by 5.0% in 2026 Amid Significant Investment Financing Gap
The African Development Bank forecasts Ghana’s GDP growth at 5.0% in 2026 but highlights a major investment financing shortfall that could challenge sustained progress.
AI & Tech Regulation
DOJ Probes Philadelphia Police Over Potentially Unlawful Gun Permit Revocations
The Justice Department opened an investigation into Philadelphia Police practices, scrutinizing vague permit revocations that may violate Second and Fourteenth Amendment rights.
Trade & Tariffs
Turkmenistan and Georgia aim to deepen trade and transport ties through Middle Corridor
Turkmenistan and Georgia advanced plans to boost bilateral trade, investment, and economic cooperation, focusing on transport corridors linking Asia and Europe.
Energy & Climate
UN Officials Demand Release of Indigenous Climate Advocate Detained in Russia
Ten United Nations experts urge Russia to free Indigenous climate advocate Daria Egereva and her colleague, detained on terrorism charges linked to their activism.
Crypto & Fintech
New IC3 Survey Finds Early Stage for Effective Crypto and AI Integration
A comprehensive 155-page report by the IC3 consortium reveals that meaningful collaboration between cryptocurrency and artificial intelligence remains largely theoretical, challenging prevailing industry optimism.
Corporate Power
SpaceX IPO Demand Soars to $250 Billion, Impacting Tech and Crypto Markets
SpaceX’s IPO has attracted investment interest nearly four times its target, prompting market liquidity shifts that weigh on tech stocks and cryptocurrencies.
Markets & Macro
Google DeepMind Economist Sees No Widespread AI Job Losses Yet, Warns of Potential Layoff Pressure
A Google DeepMind economist denies current AI-driven job cuts but cautions firms may trigger layoffs to signal adoption, risking a cascade effect.
Crypto & Fintech
Ethereum Leverage Drops to April 2025 Levels Amid Uneven Exchange Activity
Ethereum’s derivatives market has seen a steep unwind in leverage across major platforms, resetting to levels from April 2025 while Binance shows cautious positioning.