JPMorgan Chase CEO Jamie Dimon said financial markets are underestimating current geopolitical and economic risks. Dimon told an audience he personally would not buy stocks or US Treasurys at today's prices.
US President Donald Trump has imposed 50% tariffs on a range of Canadian goods, citing longstanding disputes over automotive-sector trade. Canadian Prime Minister Mark Carney called the move an escalation and vowed to intensify talks with Washington.
The Trump White House is reportedly weighing a ban on Chinese AI models as the artificial intelligence supremacy race between Washington and Beijing intensifies. Chinese models perform many of the same tasks at a fraction of the cost of US alternatives, and their prospective public listings could dilute investor appetite for mega-IPOs like Anthropic and OpenAI.
Oil prices gave back early gains on Monday after Iran said talks with the United States could be pursued based on its national interests, even as American forces carried out a ninth consecutive night of strikes on Iranian targets. Traders read the remarks as a possible opening for de-escalation despite the ongoing military campaign.
South Korea's Samsung Biologics announced an all-cash bid of 1.46 billion Swiss francs ($1.8 billion) for Switzerland's PolyPeptide Group. The deal is seen as a move to expand Samsung's pharmaceutical manufacturing supply chain.
The United States launched a ninth consecutive night of strikes against Iran, escalating a campaign aimed at destroying Tehran's ability to disrupt shipping through the Strait of Hormuz. American military casualties have climbed as the operation widens.
TSMC said it is accelerating its Arizona factory buildout to capitalize on the AI 'megatrend,' citing robust customer demand. Chief Financial Officer Wendell Huang made the comments in an exclusive interview with CNBC.
Oil prices rose on Sunday while US stock-index futures were little changed, as fighting between the United States and Iran intensified in the Middle East. Investors are awaiting a wave of major tech earnings due this week.
As the US earnings season accelerates, investor attention is turning to results from Alphabet and Intel that could set the tone for the broader AI trade. The reports follow weeks of volatility in chip stocks and come as Wall Street weighs how much further AI-linked spending can run.
US Central Command says it struck Iran's coastal surveillance and air-defense facilities, a day after an Iranian strike on Jordan killed two American service members. The exchange marks a further escalation in the days-long confrontation between Washington and Tehran.