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Oil Prices Jump As Trump Rejects Iran's Hormuz Offer, With Brent Near $107 And WTI Near $95 A Barrel

Oil prices climbed after Donald Trump rejected Iran's conditional seven-day proposal to reopen the Strait of Hormuz, fuelling concerns about prolonged supply disruptions and higher fuel costs.

Will Chipotle Succeed In Korea? Hours-Long Lines Greet Its First Asian Store, But The Real Test Lies Ahead
Chipotle's first Asian restaurant has attracted long queues in Seoul, but competition, pricing and repeat demand will determine whether its Korean expansion becomes a scalable regional model.
(VIDEO) Messi Curls Stunning Free Kick From Near-Impossible Angle, But Inter Miami Lose 2-1
Lionel Messi scored a spectacular free kick and moved closer to several career milestones, but Inter Miami lost 2-1 to Columbus Crew after a late stoppage-time goal.
Ingenia Shares Jump 5.8% As Warburg Pincus Lifts Takeover Bid To $5.25, But Peet Deal Stands In The Way
Ingenia Communities shares rose after Warburg Pincus increased its non-binding takeover proposal to A$5.25 per stapled security, although the board has not yet recommended the conditional offer.
10 Things You Must Know About Meta Muse, The AI Agent: What It Does, What It Costs And Why Amazon Blocked It
Meta's Muse AI agent has quickly climbed the US App Store rankings, attracting attention with autonomous tasks while raising questions about privacy, trust, shopping access and long-term demand.

ASX 200 Flat Ahead Of RBA Decision As Markets Price 90% Probability Of Rate Hike To 4.60%

Australian equities opened flat as traders priced a 90% chance of an RBA rate hike to 4.60%, while investors assessed inflation, employment and sector pressures.

DEA Warns Of New Synthetic Opioid Cychlorphine, Said To Be 10 Times More Potent Than Fentanyl, Officials Say

Federal and state health officials are warning about cychlorphine, a highly potent synthetic opioid that standard fentanyl test strips may not detect, while naloxone remains effective in overdoses.

Economy in Focus

Nvidia Stock Climbs 2.8% After Record $150 Billion Buyback Boost And Launch Of AI Agent Safety Platform
Nvidia shares rose as the chipmaker announced a record $150 billion increase to its buyback authorisation and launched an open platform aimed at improving AI agent safety.
GameStop Stock Rises 2.6% Against A Weak Market As Ryan Cohen's EBay Pursuit And Insider Buying Stay In Focus
Twenty One Capital Stock Climbs 4.9% As Tether-Backed Bitcoin Treasury Firm's CEO Is Set To Speak Today

More News

Kodiak Sciences Shares More Than Double As Wet AMD Drug Zenkuda Meets Primary Goal In Phase 3 DAYBREAK Trial
Kodiak Sciences shares surged 143% after the biotech said Zenkuda and tabirafusp-ted met key Phase 3 goals in wet age-related macular degeneration, though full data and regulatory review remain pending.
Dow Slides Early As Trump Rejects Iran Deal, Oil Jumps And OpenAI's Training Pause Rattles AI Chip Stocks
US stocks opened lower as higher oil prices and Treasury yields intensified inflation concerns, while OpenAI's pause on advanced model training pressured chipmakers and technology shares.
- Dow Slips as AI Slowdown Calls and Surging Oil Prices Test Wall Street's Nerve Ahead of the Fed Meeting
- Dow Falls as Renewed US Strikes on Iran Near the Strait of Hormuz Rattle Wall Street to Close August

(VIDEO) Honor Unveils Magic 9 Pro Max In China With Dual 200MP ARRI Cameras And Giant 8,800mAh Battery

Honor has launched the Magic 9 Pro Max in China, combining dual 200-megapixel cameras, ARRI-tuned imaging, a 2-nanometre chip and an 8,800mAh battery.

World

North Korea's Economy Grows 3.5% for Third Straight Year, but Gains Are Largely Confined to Pyongyang

North Korea's economy expanded by an estimated 3.5% in 2025, aided by ties with Russia and China, but income and improved infrastructure remain heavily concentrated in Pyongyang.