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Empowering your investments

Welcome to Spike Invest: Your Guide to Smart,
Simple Investing:

At Spike Invest, we believe that everyone should have the opportunity to invest wisely and grow their wealth, regardless of experience. We simplify the world of investing by focusing on Exchange Traded Funds (ETFs) and Index Funds—two of the most powerful tools for building a long-term, balanced portfolio.

Broad Market
Fixed Income
Inflation Hedge
Sectors
Investment themes

Investing in themes you believe in empowers you
to shape the future while building your wealth

By supporting industries aligned with your passions, values, and vision, you contribute to positive change
while potentially reaping the rewards of growth in areas you're truly passionate about.

Recent News and Articles
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education
Key Options for Sharia-Compliant ETFs

Sharia-compliant ETFs are designed to meet the ethical and financial principles of Islamic law (Sharia), making them suitable for Muslim investors. These ETFs follow specific guidelines, such as avoiding investments in businesses related to alcohol, gambling, pork, and interest-based financial services. Instead, they focus on sectors and companies that align with Islamic principles.

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education
An Introduction to ETFs: A Beginner’s Guide to Smart Investing

When you’re just starting out as an investor, the world of stocks, bonds, and mutual funds can feel overwhelming. For many new investors, the idea of picking individual stocks or constantly monitoring the market seems daunting. This is where Exchange-Traded Funds (ETFs) come in—a simple, effective way to invest in a wide range of assets without the complexity.

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education
Investing vs. Speculation: Why Long-Term Investing is Better for Most People

When people think of making money in the stock market, they often imagine two things: quick, high returns and big risks. This thinking confuses two very different approaches to building wealth: investing and speculation. While both can be profitable, they carry distinct risks, goals, and strategies. Understanding these differences is key to making smart financial decisions, especially for people looking to grow their money steadily and securely over time.

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insights
The Surge in the AI Sector: Why NVIDIA is Leading the Charge

The Surge in the AI Sector: Why NVIDIA is Leading the Charge In recent years, the technology sector has witnessed tremendous growth, with one particular area standing out as a game-changer: Artificial Intelligence (AI). AI, once a futuristic concept, is now a driving force behind innovations across industries. From self-driving cars and healthcare diagnostics to smart home devices and financial algorithms, AI is transforming how we live and work. The recent surge in AI development has sparked excitement among investors, and one company has emerged as a leader in this space: NVIDIA. In this article, we’ll explore why the AI sector is booming, NVIDIA’s critical role in this growth, and what it means for investors and the future of technology. Why AI is Experiencing a Boom AI’s rapid rise can be attributed to several factors converging at the right time: 1. Increased Computing Power: AI requires vast computational resources to process data, run algorithms, and learn from patterns. Advances in hardware, especially GPUs (Graphics Processing Units), have made it possible to handle the immense processing needs of AI systems. As these technologies evolve, they allow AI models to become more sophisticated and effective. 2. Big Data Availability: AI systems thrive on data. With the explosion of data from smartphones, social media, cloud computing, and the Internet of Things (IoT), there’s more information than ever for AI algorithms to analyze and learn from. This data drives improvements in everything from recommendation engines to predictive analytics. 3. Enterprise and Consumer Demand: Companies across all sectors are seeking ways to leverage AI to improve efficiency, enhance customer experiences, and innovate in their products. AI’s ability to automate processes, make sense of large datasets, and provide insights is creating demand in industries like healthcare, finance, manufacturing, and beyond. 4. Breakthroughs in Machine Learning: Advances in machine learning (ML) and deep learning—subfields of AI—are allowing machines to perform tasks that once seemed impossible, like understanding human speech, recognizing images, and even generating creative content. These breakthroughs are pushing the boundaries of what AI can achieve. Why NVIDIA is Leading the AI Revolution As AI grows, NVIDIA has positioned itself as a dominant force in this rapidly expanding sector. Originally known for its role in the gaming industry, NVIDIA’s Graphics Processing Units (GPUs) have become the backbone of AI computing. But why has NVIDIA emerged as such a key player? 1. GPUs are Essential for AI: While traditional processors (CPUs) handle general computing tasks, GPUs are designed for parallel processing—meaning they can handle multiple tasks simultaneously. This capability is critical for AI and machine learning, where vast amounts of data need to be processed at once. NVIDIA’s GPUs are considered the gold standard in AI research and development, powering everything from self-driving cars to natural language processing models. 2. NVIDIA’s CUDA Platform: Beyond hardware, NVIDIA’s CUDA (Compute Unified Device Architecture) platform has become a vital tool for developers and researchers working on AI and machine learning. CUDA enables software to leverage the full power of NVIDIA’s GPUs, making it easier for developers to build and scale AI applications. This integration of hardware and software has helped NVIDIA carve out a unique and dominant position in the AI ecosystem. 3. Data Center Expansion: While NVIDIA started in the gaming space, the company has rapidly expanded into data centers, which are critical for AI processing. NVIDIA’s A100 and H100 GPUs are now widely used in data centers around the world, powering AI applications for major tech companies and research institutions. These high-performance GPUs are designed to handle AI workloads with efficiency, making NVIDIA the go-to provider for AI infrastructure. 4. Partnerships and Acquisitions: NVIDIA has strategically invested in AI-related partnerships and acquisitions. Its acquisition of Mellanox Technologies (for data center connectivity) and Arm Holdings (for chip design) has expanded its influence in the AI hardware space. By creating an ecosystem that supports AI development from chip design to cloud infrastructure, NVIDIA has secured its place as a key player in the AI surge. What’s Driving NVIDIA’s Recent Surge? NVIDIA’s recent stock surge is directly tied to the explosion of interest in AI. Several key developments have contributed to this rise: - AI Adoption Across Industries: NVIDIA’s GPUs are essential for AI, and as companies in healthcare, finance, automotive, and other sectors integrate AI into their operations, NVIDIA’s hardware is in high demand. The company’s products power the AI systems used in self-driving cars, predictive analytics, and personalized recommendation engines, to name a few. - The AI Arms Race: With AI becoming a competitive advantage, businesses are investing heavily in AI infrastructure to stay ahead. Tech giants like Google, Amazon, and Microsoft are pouring billions into AI research and development, and they rely on NVIDIA’s GPUs to build their AI systems. This “AI arms race” is fueling growth in the demand for NVIDIA’s products. - ChatGPT and Generative AI: The emergence of Generative AI technologies, like OpenAI’s ChatGPT, has driven further interest in AI. These AI models require massive computational resources to operate, and NVIDIA’s GPUs are the industry standard for training and running these large-scale models. As AI continues to advance, NVIDIA’s role in powering these systems solidifies its dominance. - Strong Financial Performance: NVIDIA’s impressive earnings reports have validated its growth story. The company has posted record revenue, driven by AI-related demand, and continues to show strong financial results in key sectors like data centers and gaming. Investors see NVIDIA as a leader in AI, and its stock performance reflects this confidence. What Does the Future Hold for AI and NVIDIA? The surge in AI is not a short-lived trend. AI is expected to continue transforming industries, and NVIDIA’s position as a leader in the field means it will likely benefit from this growth for years to come. - Expanding AI Use Cases: AI will continue to find new applications in areas like healthcare, robotics, and autonomous vehicles. NVIDIA is well-positioned to provide the hardware and software solutions necessary for these innovations. - Growth in AI Cloud Services: As more companies shift to cloud-based AI solutions, NVIDIA’s products will be essential in powering these services. Partnerships with cloud providers like Amazon AWS, Google Cloud, and Microsoft Azure further solidify NVIDIA’s influence in this space. - Innovations in AI Hardware: As AI models become more advanced, the demand for cutting-edge hardware will grow. NVIDIA’s continued investment in R&D ensures it remains at the forefront of AI technology, driving innovation in GPUs and other AI infrastructure. Conclusion The surge in the AI sector is one of the most exciting developments in the technology world, and NVIDIA is at the center of this transformation. With its powerful GPUs, software platforms, and strategic investments, NVIDIA has become the go-to company for AI computing. As AI continues to reshape industries and drive innovation, NVIDIA is positioned to be a key player in the future of technology, making it a stock to watch for investors and a company leading the charge in AI’s next frontier.

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insights
The Tax Efficiency of ETFs: Why They're a Smart Choice for Investors

One of the key advantages of Exchange-Traded Funds (ETFs) is their tax efficiency, which can help investors keep more of their returns. Here's why ETFs are more tax-efficient compared to other investment vehicles like mutual funds

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insights
Getting Easy Global Exposure with ETFs

ETFs offer a simple and cost-effective way to gain exposure to global markets, allowing you to invest in companies and economies worldwide with just a few trades. Here's how: Broad Global ETFs: ETFs like VT (Vanguard Total World Stock ETF) provide exposure to thousands of companies across both developed and emerging markets, giving you instant diversification without needing to pick individual stocks from multiple countries. Regional and Country-Specific ETFs: If you want more targeted exposure, there are ETFs that focus on specific regions or countries. For example, EFA (iShares MSCI EAFE ETF) focuses on developed markets outside North America, while FXI (iShares China Large-Cap ETF) gives access to leading Chinese companies. Emerging Market ETFs: For those looking to invest in fast-growing economies, ETFs like VWO (Vanguard FTSE Emerging Markets ETF) provide exposure to countries such as China, India, and Brazil, where rapid economic development offers significant growth potential.

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top news
Jim Cramer's top 10 things to watch in the stock market Tuesday

The downturn in chip stocks continues. Is the Nvidia selling at last overdone?

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business
Coca-Cola is about to report earnings. Here's what to expect

Coca-Cola stock has risen 19% this year, outstripping the gains of the S&P 500.

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top news
Apple ends day as world's most valuable company, passing Nvidia

Nvidia had held the top spot as the most valuable company since June 2025, when it took the crown from Microsoft.

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top news
Nvidia's potential $250B backstop for OpenAI is another strike against the AI trade

This is yet another sign that investors need to look beyond AI stocks.

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top news
From 'oil' to 'shock', here's what Kalshi traders expect Fed Chair Kevin Warsh will say this week

Kalshi traders are predicting Warsh will mention last week's supply shock at this week's Federal Reserve press conference.

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top news
More tech pain means gains elsewhere. What's winning in Monday's mixed market

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

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business
JetBlue overhauls fare options, from basic first to flexible economy. Here's what to know

JetBlue is doing away with its "Core" product and putting economy tickets under a new name.

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top news
Why Boeing and Corning are moving in opposite directions and what to expect next

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

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top news
Sam Altman to meet with Trump administration, Senators this week. Here's what he plans to say

Altman will preview the capabilities of the company's upcoming family of AI models and answer questions about cybersecurity and open-weight models.

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top news
We're buying more of a slumping industrial stock and a hard-hit chipmaker

We're putting money to work in Monday's market as oil prices fall.

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top news
Jim Cramer's top 10 things to watch in the stock market Monday

Futures are surging after a pause in fighting in the Middle East. Plus, a bunch of AI infrastructure deals.

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top news
Gold climbs as pause in West Asia crisis curbs inflation risk

Gold has largely hovered around $4,000 an ounce since late June, with a wave of dip-buying keeping the metal above the psychological threshold that some traders see as a key support.

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top news
El Niño may push global warming to 2C or higher in the short term

El Niño could push global temperatures past 2C in early 2027, raising significant climate change concerns, researchers warn.

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business
Crude oil futures are pricing market adaptability, not hopeful Iran peace - Reuters

Crude oil futures are pricing market adaptability, not hopeful Iran peace  Reuters

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top news
Bitcoin ETFs end inflow streak as Fed rate concerns mount

Amid fluctuating investor sentiment over Fed rate hikes and legislative uncertainties, Bitcoin ETFs face significant withdrawals, highlighting the fragility of recent crypto gains

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top news
Nvidia in talks to back OpenAI lease of $500 billion data center

Nvidia is in discussions to help the creator of ChatGPT lease a $500 billion, 10-gigawatt hub that SoftBank Group Corp. is overseeing in Ohio

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business
Morning Bid: Markets dare to hope as US, Iran put war on hold - Reuters

Morning Bid: Markets dare to hope as US, Iran put war on hold  Reuters

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top news
Instagram, Facebook ran AI ‘Nudify’ ads from China, report says

Meta's Facebook and Instagram allegedly ran thousands of banned AI 'nudify' ads, raising concerns about user safety and compliance.

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business
Indian rupee heads for steepest rise in three weeks as oil falls - Reuters

Indian rupee heads for steepest rise in three weeks as oil falls  Reuters

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business
Gold gains over 1% on pause in US-Iran fighting; Fed decision looms - Reuters

Gold gains over 1% on pause in US-Iran fighting; Fed decision looms  Reuters

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business
Shares, bonds bounce in Asia as oil skids - Reuters

Shares, bonds bounce in Asia as oil skids  Reuters

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business
Dollar pulls back as US-Iran attacks pause, oil drops - Reuters

Dollar pulls back as US-Iran attacks pause, oil drops  Reuters

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business
Red Sea shipping slows after Houthi attack on Saudi Arabia, data shows - Reuters

Red Sea shipping slows after Houthi attack on Saudi Arabia, data shows  Reuters

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business
Oil prices drop after US, Iran pause fighting over weekend - Reuters

Oil prices drop after US, Iran pause fighting over weekend  Reuters

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business
Syria president tells Al Jazeera his country seeks security deal with Israel - Reuters

Syria president tells Al Jazeera his country seeks security deal with Israel  Reuters

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top news
Here are the 3 big things we're watching in the stock market in the week ahead

It's a busy week filled with Big Tech earnings, a Fed meeting and inflation data.

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business
Iran foreign minister says Ukraine's attack on Iranian vessel 'cannot go unanswered' - Reuters

Iran foreign minister says Ukraine's attack on Iranian vessel 'cannot go unanswered'  Reuters

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business
Iran says it will halt strikes as long as US bombing pause holds - Reuters

Iran says it will halt strikes as long as US bombing pause holds  Reuters

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business
Trump is giving Iran talks 'a little bit of room,' US ambassador to UN says - Reuters

Trump is giving Iran talks 'a little bit of room,' US ambassador to UN says  Reuters

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top news
How AI wealth could be distributed to all Americans

AI riches are already concentrated among a handful of powerful companies, but there are plenty of new, some radical, ideas about how to spread the wealth.

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top news
4 generations, 6 different visions of the American Dream: 'I'm optimistic because of our resilience'

CNBC Make It asked notable voices in politics, finance and relationships on what it takes to achieve happiness and success in America today.

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business
Most Gulf markets ease after Houthi attacks on Saudi Red Sea oil sites - Reuters

Most Gulf markets ease after Houthi attacks on Saudi Red Sea oil sites  Reuters

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business
Romania shoots down third Russian drone, as president calls breaches 'intolerable' - Reuters

Romania shoots down third Russian drone, as president calls breaches 'intolerable'  Reuters

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business
Main land crossing between Kuwait and Iraq reopens, Iraq's state news agency says - Reuters

Main land crossing between Kuwait and Iraq reopens, Iraq's state news agency says  Reuters

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business
Israeli strike kills a top Hamas security official in Gaza, medics and police say - Reuters

Israeli strike kills a top Hamas security official in Gaza, medics and police say  Reuters

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top news
Oil near $100 puts fed and peers in interest-rate spotlight

Crude oil’s brief foray above the $100 level it last exceeded two months ago is just one of the potential inflation risks confronting policymakers

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business
Iran war spreads to Red Sea and Caspian, Gulf quiet as US forgoes strikes - Reuters

Iran war spreads to Red Sea and Caspian, Gulf quiet as US forgoes strikes  Reuters

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business
Houthis fire on Saudi oil sites; no US strike on Iran for first time in two weeks - Reuters

Houthis fire on Saudi oil sites; no US strike on Iran for first time in two weeks  Reuters

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business
Iran says Ukrainian attack on vessel in Caspian Sea killed sailor - Reuters

Iran says Ukrainian attack on vessel in Caspian Sea killed sailor  Reuters

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business
Britain would be target if it supports US in war, Iran's Revolutionary Guards say - Reuters

Britain would be target if it supports US in war, Iran's Revolutionary Guards say  Reuters

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business
Kuwait's KPC signs $16 billion lease and leaseback deal for oil pipeline network - Reuters

Kuwait's KPC signs $16 billion lease and leaseback deal for oil pipeline network  Reuters

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business
Russia says Ukraine killed 11 in tourist camp; Ukraine strikes Russian refinery - Reuters

Russia says Ukraine killed 11 in tourist camp; Ukraine strikes Russian refinery  Reuters

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top news
How this 70-year-old honey bee farmer is keeping his family farm alive: 'We completely rely on Mother Nature'

Being a beekeeper is harder than ever, but David Bradshaw is determined to protect his hives.

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top news
Imax 70 mm screenings become the biggest star for Christopher Nolan’s ‘The Odyssey’

Moviegoers are traveling, lining up and paying premiums to see Christopher Nolan’s ‘The Odyssey’ in scarce Imax 70 mm screenings.

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business
Thirty-five killed, 30 injured in Syria bus collision - Reuters

Thirty-five killed, 30 injured in Syria bus collision  Reuters

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business
Logistics giants are racing to keep up with healthcare boom as GLP-1s highlight need for cold storage

Shipping and logistics companies are tapping into the growing market of healthcare as cold chain and temperature-controlled facilities become more crucial.

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business
France detains six over suspected plot targeting synagogue - Reuters

France detains six over suspected plot targeting synagogue  Reuters

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business
Palestinians hope UNESCO designation halts Israeli push at West Bank site - Reuters

Palestinians hope UNESCO designation halts Israeli push at West Bank site  Reuters

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top news
Trump’s tariffs are likely to stick around despite unpopularity

Trump, a proponent of protectionist trade policies, asserts that his approach has driven a US economic boom and that tariffs are effective negotiation tools

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top news
WestBridge said to be considering stake sale in Star Health

WestBridge is reported to have spoken with financial advisers to evaluate a sale of its 40% stake in the insurance company

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top news
Anthropic unveils more cost-efficient model for everyday tasks

The company on Friday unveiled Claude Opus 5, a model it says approaches the capabilities of its most advanced widely available offering, Fable 5, in many categories but at half the price

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top news
Qualcomm plans to increase its prices by double digits

Qualcomm plans double-digit price increases for smartphone processors, effective for products shipped after September 1, amid supply shortages.

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business
Oil falls on report China pushing for end US-Iran war - Reuters

Oil falls on report China pushing for end US-Iran war  Reuters

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business
Trump says Israeli PM Netanyahu will visit US next week - Reuters

Trump says Israeli PM Netanyahu will visit US next week  Reuters

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business
Embraer's backlog hits record $34.5 billion in the second quarter, rising 16% - Reuters

Embraer's backlog hits record $34.5 billion in the second quarter, rising 16%  Reuters

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business
Houthis fire on Saudi Red Sea oil sites - Reuters

Houthis fire on Saudi Red Sea oil sites  Reuters

...
business
Trump says he trusts Russia and China's leaders not to enable Iran - Reuters

Trump says he trusts Russia and China's leaders not to enable Iran  Reuters

...
business
Trump says he won't proceed with nuclear deal unless Saudis join Abraham Accords - Reuters

Trump says he won't proceed with nuclear deal unless Saudis join Abraham Accords  Reuters

...
business
Saudi vessel sustains minor hull damage after Red Sea attack, state news agency says - Reuters

Saudi vessel sustains minor hull damage after Red Sea attack, state news agency says  Reuters

...
business
Trump says US and Iran are talking, but Tehran is not yet ready for deal - Reuters

Trump says US and Iran are talking, but Tehran is not yet ready for deal  Reuters

...
business
Mozambique-flagged LPG tanker attacked in Iranian waters, Indian embassy says - Reuters

Mozambique-flagged LPG tanker attacked in Iranian waters, Indian embassy says  Reuters

...
business
Yemen teeters towards renewed war in shadow of Iran conflict - Reuters

Yemen teeters towards renewed war in shadow of Iran conflict  Reuters

...
top news
The 'sell chips, buy software' trade reappears as Wall Street caps off another volatile week

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

...
top news
Strait of Hormuz traffic may not return to normal for 12 months or more, according to prediction markets

Kalshi traders give less than 50% odds that the key maritime passageway will fully reopen by July 2027.

...
business
Pakistan, Iran explore path towards new talks with US in a China-initiated push, sources say - Reuters

Pakistan, Iran explore path towards new talks with US in a China-initiated push, sources say  Reuters

...
business
US hits network of Iranian financier Zanjani with more sanctions - Reuters

US hits network of Iranian financier Zanjani with more sanctions  Reuters

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top news
Why we would buy the Intel dip but can't get behind the Dover bounce

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

...
business
UK says armed forces ready to defend country after Iran warns over US bombers - Reuters

UK says armed forces ready to defend country after Iran warns over US bombers  Reuters

...
top news
CDC says massive cyclospora outbreak is now in nine states

The four newly linked states – Illinois, Kansas, Oklahoma and Pennsylvania – join Indiana, Kentucky, Ohio, West Virginia and hard-hit Michigan.

...
business
Hormuz ship transits steady at three for three days, data shows - Reuters

Hormuz ship transits steady at three for three days, data shows  Reuters

...
business
Netanyahu to meet with Trump in Washington on Tuesday, PM's office says - Reuters

Netanyahu to meet with Trump in Washington on Tuesday, PM's office says  Reuters

...
business
Physical oil prices jump with some nearing $110 as Iran, Ukraine wars hit supply - Reuters

Physical oil prices jump with some nearing $110 as Iran, Ukraine wars hit supply  Reuters

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top news
Why Costco keeps gas prices so low—it's 'straight out of the retail playbook,' expert says

Higher gas prices are driving record demand for Costco's gas stations as more Americans look to save at the pump.

...
business
US business activity perks up in July, helped by World Cup, but trend may not last, S&P Global says - Reuters

US business activity perks up in July, helped by World Cup, but trend may not last, S&P Global says  Reuters

...
business
EU sanctions Iranian judges, leading cyber group figure - Reuters

EU sanctions Iranian judges, leading cyber group figure  Reuters

...
top news
The Club's top 10 things to watch in the stock market Friday

Intel shares gained after a blockbuster quarter, while Amkor was upgraded by UBS after an Nvidia partnership.

...
business
Tanker switches Asia voyage via Suez amid Houthi warnings, owner says - Reuters

Tanker switches Asia voyage via Suez amid Houthi warnings, owner says  Reuters

...
business
Romania shoots down drone in airspace incursion for first time - Reuters

Romania shoots down drone in airspace incursion for first time  Reuters

...
business
Bank of England to hold steady this year but Iran war inflation risks persist: Reuters poll - Reuters

Bank of England to hold steady this year but Iran war inflation risks persist: Reuters poll  Reuters

...
business
US military says it completed 13th consecutive night of strikes on Iran - Reuters

US military says it completed 13th consecutive night of strikes on Iran  Reuters

...
business
Asia LNG hits four-month high on fears of wider Mideast shipping disruption - Reuters

Asia LNG hits four-month high on fears of wider Mideast shipping disruption  Reuters

...
business
Japan says August crude supplies fully covered despite Middle East disruption - Reuters

Japan says August crude supplies fully covered despite Middle East disruption  Reuters

...
top news
Treasury yields retreat, 10-year hovers around January 2025 highs

The yield on the 10-year U.S. Treasury note — the key benchmark for mortgage and auto loans and credit card debt — was last seen down one basis point at 4.693%.

...
business
In India, Iran war forces Diet Coke to roll out a bigger can, heftier price tag - Reuters

In India, Iran war forces Diet Coke to roll out a bigger can, heftier price tag  Reuters

...
top news
UAE’s First Abu Dhabi Bank offers $1.5 billion for India expats FX programme

First Abu Dhabi Bank PJSC is offering funding up to $1.5 billion to non-resident Indians investing in their home country’s foreign-currency deposit program, according to people familiar with the matter.

...
business
Morning Bid: Oil batters bonds as AI burns cash - Reuters

Morning Bid: Oil batters bonds as AI burns cash  Reuters

...
top news
Temasek-backed Manipal Health seeks to raise $960 million in IPO; price band set at ₹560-590

Manipal Health will start taking investor orders on July 29 and plans to close bidding on July 31.

...
top news
Brent crude trades above $100 amid Houthi attacks in Red Sea, widening US-Iran war

Trump threatened “major military punishment” for both Iran and the Houthis in the event of further attacks on vessels in the Red Sea, and told Axios he is considering a "massive attack" on the Islamic Republic

...
business
Trump vows to punish Iran for Houthi attacks in Red Sea; oil surges over $100 - Reuters

Trump vows to punish Iran for Houthi attacks in Red Sea; oil surges over $100  Reuters

...
business
Stocks edge back up as oil prices pause climb but yields hover near highs - Reuters

Stocks edge back up as oil prices pause climb but yields hover near highs  Reuters

...
top news
US stocks tumble as AI spending and oil prices weigh on market

Bloomberg: The S&P 500 Index is on track for its worst day in a month.

...
business
Add a month at sea and $2.5 million - what it costs oil tankers to flee Hormuz and Bab el-Mandeb - Reuters

Add a month at sea and $2.5 million - what it costs oil tankers to flee Hormuz and Bab el-Mandeb  Reuters

...
business
EXCLUSIVE: Iran flew IRGC commanders, missile gear to Yemen's Houthis, sources say - Reuters

EXCLUSIVE: Iran flew IRGC commanders, missile gear to Yemen's Houthis, sources say  Reuters

...
business
Dollar hits new 40-year high versus yen, euro softer after ECB stands pat on rates - Reuters

Dollar hits new 40-year high versus yen, euro softer after ECB stands pat on rates  Reuters

...
business
US House passes $1 trillion defense bill despite Iran, Israel concerns - Reuters

US House passes $1 trillion defense bill despite Iran, Israel concerns  Reuters

...
business
Oil settles over $100 as Houthi attacks intensify Middle East supply risks - Reuters

Oil settles over $100 as Houthi attacks intensify Middle East supply risks  Reuters

...
business
Southwest Airlines put Texas jet fuel on a boat to LA for the first time amid supply worries

Southwest hired a ship this spring to send fuel from Houston to Los Angeles in case of supply shortages.

...
business
US says Saudi nuclear deal off without Israel recognition - Reuters

US says Saudi nuclear deal off without Israel recognition  Reuters

...
business
China refiners snap up September Russian crude, eye Iranian oil as Mideast supply risks grow - Reuters

China refiners snap up September Russian crude, eye Iranian oil as Mideast supply risks grow  Reuters

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top news
OpenAI's Hugging Face hack triggers 'AI Kill Switch' bill in Congress

OpenAI disclosed this week that some of its AI models went rogue and hacked into open-source developer platform Hugging Face.