Oil prices settled higher and climbed further in extended trade after Iran attacked several energy facilities across the Middle Eastfollowing a strike on its South Pars gas field, a major escalation in its war with the U.S. and Israel.
Chipmaker Micron Technology forecast third-quarter revenue above Wall Street expectations, betting on a surge in demand for its memory chips used in artificial intelligence hardware.
Cryptocurrency exchange Kraken has put its multibillion-dollar initial public offering plan on hold, CoinDesk reported. The company is still weighing an IPO, but is unlikely to move ahead until market conditions improve.
Nvidia is restarting manufacturing of one of the company’s chips that is designed to comply with U.S. export restrictions on China, CEO Jensen Huang said. The company had halted production last year of its H200 chip, because of increasing regulatory hurdles in the U.S. and China.
Gold prices held near steady, as market participants monitored the intensifying Iran conflict and awaited the U.S. Federal Reserve’s upcoming policy decision. U.S. gold futures for April delivery settled 0.1% higher.
Mastercard has agreed to acquire stablecoin infrastructure company BVNK in a deal valued at up to $1.8 billion, further expanding into blockchain-based payments. The deal includes up to $300 million in contingent payments and is intended to strengthen Mastercard’s ability to connect fiat payment rails with onchain transactions.
