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Meta’s shares dropped 7% after announcing plans to boost AI spending, raising concerns about the sustainability of the current AI boom amid rising costs and uncertain returns.
The UAE’s stock markets have taken a staggering hit, losing $120 billion amid the US-Israel conflict with Iran, marking them as some of the hardest-hit globally.
Oil prices have dipped as Trump touts progress in Iran negotiations, but Iranian officials call it ‘fake news.’ The volatility continues amidst conflicting claims and ongoing tensions.
The surge in Brent crude oil prices to over $100 a barrel highlights the volatile interplay between US-Iran negotiations and market reactions. What’s driving this sudden spike?
Asian markets take a hit as US-Iran tensions rise, with Japan’s Nikkei down 3.6% and South Korea’s Kospi plunging nearly 6%. The conflict’s impact on oil supply is shaking economies across the region.
