BUSINESS

NEW YORK — Shares of Astera Labs Inc. fell more than 3% in early trading Tuesday as the semiconductor company specializing in high-speed connectivity for artificial intelligence infrastructure gave back some of its recent sharp gains, even as analysts continue to highlight its pivotal role in powering the AI data center buildout.

War risk insurance premiums for vessels transiting the Strait of Hormuz have skyrocketed in 2026, with rates reaching as high as 5% or more of a ship's hull value for a single passage, dramatically increasing costs for oil tankers and other commercial shipping through the world's most critical energy chokepoint.

SYDNEY — Qantas Airways Ltd. has cut domestic flight capacity by about 5% for May and June and raised fares as surging jet fuel prices linked to the escalating conflict in the Middle East threaten to add as much as $800 million to its second-half fuel bill.

Block Inc. shares climbed 4.65% to close at $90.76 on Tuesday, gaining $4.03 on elevated trading volume as investors cheered preliminary signs of strength in the company's Cash App Bitcoin ecosystem and ongoing execution of its aggressive artificial intelligence-driven restructuring.

SYDNEY — WiseTech Global Ltd shares climbed 4.66% to close at $38.89 on Tuesday, adding $1.73 amid renewed investor enthusiasm for the Australian logistics software provider's aggressive push into artificial intelligence and steady progress integrating its major e2open acquisition.

SYDNEY — Paladin Energy Ltd shares jumped as much as 6.60% to an intraday high of $13.32 on Tuesday, closing near $13.24 after heavy trading volume of more than 1.47 million shares, pushing the Australian uranium producer's market capitalization above $5.9 billion and extending its remarkable 185.96% gain over the past year.

SYDNEY — Australia's real estate market entered 2026 riding strong momentum from the previous year, but early data and revised forecasts point to a widening divide between booming mid-tier capitals and cooling major eastern cities, even as national dwelling values continue to climb.

LONDON — The FTSE 100 closed modestly lower on Monday, ending at 10,582.96 after shedding 17.57 points or 0.17%, as lingering concerns over the U.S.-Iran standoff and a naval blockade in the Strait of Hormuz kept investors cautious despite some resilience in commodity-linked shares.

TORONTO — Capstone Copper Corp. shares surged more than 6% on Tuesday, closing at C$12.69 after trading as high as C$12.73, as investors cheered robust copper market fundamentals, record 2025 production results and positive momentum across the company's key Chilean operations.

SYDNEY — Deep Yellow Ltd. shares have delivered explosive returns for investors betting on the global uranium renaissance, climbing more than 100% over the past year even as the stock pulled back sharply in recent sessions amid broader sector volatility and profit-taking.

SYDNEY — The S&P/ASX 200 index rose 52.5 points, or 0.59%, to close at 8,978.5 on Tuesday, clawing back ground as soaring oil prices lifted energy shares even as broader market caution persisted over escalating U.S.-Iran tensions in the Strait of Hormuz.

SYDNEY — Australia's unemployment rate rose modestly to 4.3 per cent in February 2026, the latest official data show, marking a slight uptick from 4.1 per cent in January but remaining near historic lows as the labour market continued to absorb a growing workforce amid steady economic conditions.

WINONA, Minn. — Shares of Fastenal Co. tumbled more than 6% Monday to $45.77 after the industrial distributor posted first-quarter results that largely met Wall Street expectations but failed to excite investors amid concerns over margin trends, pricing contributions and a cautious outlook in a mixed manufacturing environment.

NEW YORK — Shares of MARA Holdings Inc. jumped Monday to $10.02, up 48 cents or 4.98%, as the Bitcoin mining company continued to draw trader interest following its aggressive balance sheet cleanup, strategic shift toward artificial intelligence infrastructure and ongoing volatility tied to cryptocurrency prices.

NEW YORK — Shares of Bitmine Immersion Technologies Inc. rose Monday to $21.57, up 28 cents or 1.32%, as the Ethereum-heavy treasury company continued to draw investor attention following its recent uplisting to the New York Stock Exchange and aggressive accumulation of digital assets.

NEW YORK — Shares of SoFi Technologies Inc. climbed Monday as the digital banking disruptor traded at $16.58, up 36 cents or 2.25%, reflecting renewed investor interest ahead of its first-quarter 2026 earnings and amid fresh moves into enterprise banking and crypto services.

DALLAS — Applied Digital Corp. shares climbed more than 5% in early trading Monday to $27.58 as investors cheered the company's accelerating pivot to high-performance computing and AI data centers, highlighted by a 139% surge in fiscal third-quarter revenue that far exceeded Wall Street expectations and underscored strong hyperscaler demand for its specialized infrastructure.

NEW YORK — Tesla Inc. shares rose modestly to $351.14 in early trading Monday, up 0.61%, as investors weighed fresh reports of renewed development on a smaller, more affordable electric vehicle against lingering concerns from a disappointing first-quarter delivery report that highlighted softening demand in the core auto business.

NEW YORK — Nebius Group NV shares jumped nearly 9% in early trading Monday to $157.91 as the fast-growing AI cloud infrastructure provider continued to capture Wall Street attention with aggressive data center buildouts, major customer commitments and reports of potential acquisition moves that position it as a rising force in the specialized "neocloud" sector.

REDWOOD CITY, Calif. — Revolution Medicines Inc. shares skyrocketed nearly 39% Monday to $134.18, the biotech company's biggest one-day surge in years, after it announced that its lead drug daraxonrasib achieved an unprecedented overall survival benefit in a pivotal Phase 3 trial for patients with metastatic pancreatic cancer, a notoriously hard-to-treat disease with limited options.

NEW YORK — Goldman Sachs Group Inc. shares tumbled more than 4% in early trading Monday after the Wall Street giant reported stronger-than-expected first-quarter earnings powered by record equities trading and a rebound in investment banking fees, even as investors appeared to focus on broader market volatility and lingering concerns over private credit and geopolitical risks.

NEW YORK — Bitcoin climbed to $71,387, up more than 0.9% on Monday, extending a cautious recovery as easing geopolitical tensions, record spot Bitcoin ETF inflows and growing institutional confidence helped the cryptocurrency reclaim key psychological levels amid lingering market volatility.

NEW YORK — Alphabet Inc. Class C shares closed Friday at $315.72, unchanged on the day, but slipped in pre-market trading Monday to around $313.60, down about 0.67%, as investors weighed heavy capital spending on artificial intelligence infrastructure against ongoing regulatory challenges and broader market caution tied to geopolitical tensions.

NEW YORK — GameStop Corp. shares closed at $23.22 on Friday, down a penny or 0.11%, before dipping further in pre-market trading Monday to around $23.00, reflecting cautious investor sentiment amid ongoing speculation about how the video game retailer will deploy its massive cash reserves.

NEW YORK — U.S. stock index futures slid Monday as President Donald Trump ordered a naval blockade of the Strait of Hormuz following the collapse of weekend peace talks with Iran, sending oil prices surging back above $100 a barrel and reigniting inflation and growth fears on Wall Street.

CANBERRA, Australia — The federal government on Monday rolled out a $20 million national advertising campaign urging Australians to reduce fuel consumption and adopt more efficient driving habits as global oil supply disruptions from the Iran conflict continue to push prices higher.

SYDNEY — Energy and healthcare names dominated the S&P/ASX 200's biggest gainers Monday as renewed uncertainty over the U.S.-Iran naval blockade in the Strait of Hormuz pushed oil prices higher, providing a modest cushion for resource-exposed stocks even as the broader index slipped 0.39% to close at 8,926.0.

SYDNEY — The S&P/ASX 200 index closed lower Monday, shedding 34.6 points or 0.39% to finish at 8,926.0 as renewed uncertainty over the fragile U.S.-Iran ceasefire and fluctuating oil prices rattled Australian investors. The benchmark slipped from Friday's close of 8,960.6, with the day's trading range stretching from a high of 8,960.6 to a low of 8,889.6 amid cautious sentiment across global markets.

NEW YORK — Global oil prices jumped sharply Monday as President Donald Trump ordered a U.S. naval blockade of the Strait of Hormuz, reigniting fears of prolonged supply disruptions in the world's most critical energy chokepoint.