


AMD is putting billions behind an AI lab it hopes will become a loyal customer, not just a partner. The move exposes how chipmakers are now buying market share rather than waiting to win it.

Washington has slapped a 50% tariff on select Canadian goods, hitting automakers, dairy farmers and distillers on both sides of the border. The move deepens a rift with one of America's closest trading partners just as Western supply chains brace for another shock.

JPMorgan Chase CEO Jamie Dimon says he would not buy long-dated Treasurys even if inflation cools to the Federal Reserve's target, pointing to deficits and geopolitical strain. His warning lands the same week the S&P 500 has returned nearly 10% this year and Wall Street banks reported blockbuster trading revenue.

A federal judge has paused Paramount's attempt to take control of Warner Bros. Discovery, days before the company hoped to seal the deal. The temporary restraining order throws the timeline, and the future shape of the media industry, into doubt.

A federal judge in California has frozen Paramount Skydance's proposed takeover of Warner Bros. Discovery for 14 days, siding with a 12-state coalition that argues the deal would hand one company control over nearly a third of American film and cable programming. The ruling injects fresh uncertainty into a $110 billion transaction already racing against a self-imposed September deadline and a $7 billion penalty clause.

A proposed 10-day US-Iran ceasefire has reversed a sharp oil rally, but a Houthi blockade on Saudi Arabia is keeping traders from fully exhaling.

Oil prices reversed a sharp rally and dipped below $87 a barrel on Monday as a reported 10-day U.S.-Iran cease-fire proposal collided with news of a Houthi blockade against Saudi Arabia. Stock futures wobbled in sympathy, exposing how fragile the current pricing of Gulf risk has become.

U.S. Central Command reports two American personnel died in Iranian drone and missile attacks on a military facility in Jordan.