Oil prices tumbled $5 a barrel after Iran attacked a U.S. military base in Qatar in retaliation for U.S. attacks on its nuclear facilities at the weekend, and took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz.
Apple was sued on Friday by shareholders in a proposed securities fraud class action that accused it of downplaying how long it needed to integrate advanced artificial intelligence into its Siri voice assistant, hurting iPhone sales and its stock price.
BlackRock’s spot Bitcoin exchange-traded fund is nearing the $70 billion mark in assets under management, signaling growing interest from institutional investors even as retail inflows appear to be slowing.
The fundamentals of the U.S. economy are moving to where an interest rate cut may be necessary, San Francisco Federal Reserve Bank President Mary Daly said, though she signaled a July rate cut would probably be too early.
Oil prices jumped as a week-old air war between Israel and Iran escalated and uncertainty about potential U.S. involvement kept investors on edge. Trading volumes were light due to a U.S. federal holiday.
Platinum slipped after scaling its highest level since September 2014. Gold prices were little changed as heightened geopolitical tensions offset pressure from the Federal Reserve’s hawkish stance.
