Global Commodity Financial News

A surprise breakthrough from Chinese startup Moonshot rippled through global markets Friday, sending AI and semiconductor stocks sharply lower and reviving memories of last year’s so-called DeepSeek moment. It was the latest reminder that markets are being reshaped at extraordinary speed and that assumptions about tomorrow’s winners can change almost overnight.

Martin Shkreli wants to make one thing clear to anyone who’s willing to listen: He’s back and he still doesn’t care how many people he ticks off along the way.

Hedge funds piled into bullish bets on Brent oil at the fastest pace in almost a decade as fighting between Iran and the US ramped up, dampening investors’ expectations of a sustained recovery in shipping through the Strait of Hormuz.

Argentina’s Neuquen province will pitch foreign investors in New York on its first new international bond in nearly a decade as the local government reaps the rewards of a shale oil boom, according to two people with direct knowledge of the matter.

The Treasury market eked out a gain this week as supportive inflation data prevailed over a rebound in oil prices, leading traders to mostly abandon bets on a July Federal Reserve interest-rate hike.

Drilling in the US oil patch achieved the longest stretch without a decrease in activity in more than four years, supporting shale’s expansion amid higher prices driven by the Iran war.

Latigo Biotherapeutics Inc. filed for an initial public offering, joining a growing list of biotechnology firms considering going public as soon as this quarter.

San Antonio, one of the fastest-growing US metro areas, is tapping the bond market for almost $1 billion as part of an ambitious program to expand and improve its airport.

History doesn’t always repeat itself.

Telecom Italia SpA’s board is leaning toward endorsing Poste Italiane SpA’s €10.8 billion ($12.4 billion) takeover offer as fair, and is unlikely to seek a higher price, according to people familiar with the matter.