Keep pulling the thread on Standard Chartered.
Standard Chartered plans to eliminate 8,000 support roles as part of a strategy to replace lower-value human capital with technology.
Iran has threatened to retaliate beyond the Middle East if the United States or Israel renew military strikes.
Becca Wasser of Bloomberg Economics believes the Strait of Hormuz will not reopen without either a negotiated settlement or renewed military strikes between the US and Iran.
Key industry players predict that oil flows from the Middle East will not fully recover until well into next year, even if the current conflict ends immediately.
The latest Federal Reserve minutes indicated that more officials warned of a potential interest rate hike scenario for the US.
Nvidia's sales grew by 84.5% in the three months to April.
Nvidia projects its sales for the three months ending in July will be approximately $91 billion, which is above the average analyst forecast of $87 billion.
SpaceX revealed a net loss of nearly $4.3 billion in the first quarter of the year.
SpaceX is moving forward with plans for an initial public offering at a desired valuation of $2 trillion.
Nvidia CEO Jensen Huang stated that demand for the company's products has "gone parabolic" because agentic AI has arrived and can now perform valuable work.
Nvidia announced an $80 billion share buyback program and boosted its dividend.
OpenAI is reportedly preparing to file for its own initial public offering in the coming weeks.