China’s Moonshot AI unveils Kimi K3 model it says rivals OpenAI, Anthropic
Chinese startup Moonshot AI has unveiled a new model it says closes the gap with leading U.S. offerings and surpasses OpenAI and Anthropic’s most capable systems on some benchmarks. Kimi K3 still trails Anthropic’s Claude Fable 5 and…
Oil rises as U.S.-Iran hostilities threaten Strait of Hormuz supplies
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Oil prices rose Friday as investors weighed escalating tensions between the U.S. and Iran after Tehran vowed to target…
Saab Q2 earnings: Defense firm smashes expectations, posts record orders
Swedish defense company Saab beat earnings expectations in the second quarter, as booming demand for military equipment propelled the fighter jet maker to another quarter of record orders backlog. New order bookings in the quarter ended June were 68.4…
Seven & i shares up 3% on reported stake talks with Poland’s Zabka
A 7-Eleven convenience store’s front is pictured in Los Angeles, California, November 20, 2024. Etienne Laurent | Afp | Getty Images Seven & i Holdings Co. shares gained over 3% Friday after a Nikkei report said the 7-Eleven parent was nearing…
India’s biggest IPO this year rakes in bids worth $31 billion, powered by institutional frenzy
Signage for SBI Funds Management Ltd. at a news conference in Mumbai, India, on Thursday, July 9, 2026. Bloomberg | Bloomberg | Getty Images India’s biggest public market offering this year, SBI Fund Management, has garnered bids worth 2.97…
SoftBank sinks as Asia chip stocks track Wall Street AI rout
CANADA – 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images…
Trump to give national address with election focus
US President Donald Trump addresses the nation from the East Room of the White House in Washington, DC on July 16, 2026. Saul Loeb | Via Reuters President Donald Trump will home in on alleged threats to the integrity of U.S. elections in a primetime…
Microsoft CEO says Anthropic Fable is being ‘editorially controlled’
Microsoft CEO Satya Nadella speaks at the Microsoft AI Tour event in Munich, Germany, on Feb. 25, 2026. Sven Hoppe | Picture Alliance | Getty Images Microsoft CEO Satya Nadella told employees Wednesday that Anthropic’s limits on requests that users…
SpaceX aborts Starship test flight, sending stock lower
A general view of a SpaceX building and Starship rocket ahead of the SpaceX initial public offering (IPO), in Starbase, Texas, U.S., June 11, 2026. Gabriel V. Cardenas | Reuters SpaceX scrubbed the launch of its Starship mega rocket on Thursday, with CEO…
Banking’s Rounds liked Warsh’s ‘tone’ in first testimony as Fed chair
Sen. Mike Rounds, R-S.D., a member of the Senate banking committee, said on CNBC’s «Squawk Box» on Thursday that Federal Reserve Chairman Kevin Warsh struck the right tone in an appearance before the panel this week. «I think his message was a good…