Markets
- Gold prices fall over 4%; Asia-Pacific shares trade mixed after Trump says he will name new Fed chair - Asia-Pacific markets traded mixed after U.S. President Donald Trump said that he will announce his choice for the next Federal Reserve chair on Friday.
- Trump reportedly says 'very dangerous' for UK to do business with China as Starmer looks to mend ties - Starmer is on a 4-day visit to China this week, the first trip by a British leader in eight years, signaling an attempt at resetting the bilateral ties.
- Software stocks enter bear market on AI disruption fear with ServiceNow plunging 11% Thursday - The iShares Expanded Tech-Software Sector ETF is on pace for its biggest one-day decline since April 4 during the tariff-triggered downturn.
- Oil prices rise more than 2% as Trump weighs strikes on Iran - Multiple sources told Reuters that Trump is weighing targeted strikes on Iranian security forces and leaders to inspire protestors.
- Starbucks to unveil long-term outlook at investor day, as Niccol says turnaround is just beginning - Starbucks is expected to release a long-term forecast and share more details about how it plans to hit those financial targets at an investor presentation.
- Here is Jim Cramer's cheat sheet to navigating this stock market - "Shortages are true north" for investors, CNBC's Jim Cramer said Wednesday.
- World’s largest sovereign wealth fund posts record $1.4 billion annual return, driven by tech and banking rally - Norway's $2 trillion sovereign wealth fund holds stakes in many of the world's biggest companies, including Apple, Nvidia and JPMorgan Chase.
- Gold jumps over 3% to fresh highs as Asia stock markets trade mixed after U.S. Fed holds rates - The bullion rose more than 3% on Thursday to breach the $5,500 per ounce mark for the first time.
- Fed holds key interest rate steady as economic view improves - The Federal Reserve on Wednesday released its decision on interest rates.
- U.S. dollar rebounds after Bessent shuts down report of potential yen intervention - Treasury Secretary Scott Bessent shut down reports that the U.S. may step into the currency market.