Oil Gains Before US CPI, Asian Tech Stocks Rise

Business and finance news from the Asia-Pacific.  Sentiment toward technology remained buoyant, with CoreWeave Inc. surging 16% in extended trading after booming artificial intelligence spending drove stronger-than-expected sales growth. Super Micro Computer Inc. rallied 7.6% in the post market af…

Yen in Focus After Weakening; Wall Street's $500B Nvidia Deal

Business and finance news from the Asia-Pacific. Early focus in Asia is on the yen after the currency weakened 1% on Monday, erasing about half of its recent intervention-led rally. The move is psychologically significant for traders, who remain on alert for further official support. The yen was s…

Oil Advances as Iran Deal Eludes, Eco Week Ahead

Business and finance news from the Asia-Pacific. Oil extended its recent gains as Iran rejected talks with the US and a deal to reopen the vital Strait of Hormuz remained elusive. Treasuries declined. Meanwhile, a gauge of Asian stocks rose 0.4%, with gains for South Korean and Japanese chipmakers…

Oil Climbs on Middle East, Japan Earnings Outlook

Business and finance news from the Asia-Pacific. Oil extended gains after a report that Iran attacked “hostile targets” in the Strait of Hormuz, with Tehran seeking to bar US ships from the critical waterway in a deal with Oman. Higher energy prices revived concerns that the Federal Reserve may ne…

Stocks in Asia Decline as Chipmaker Rally Pauses

Business and finance news from the Asia-Pacific. Asian stocks slipped after Wall Street's recent tech-led rally stalled, with chipmakers coming under pressure. The MSCI Asia Pacific Index fell 0.8%, though gainers outnumbered decliners. Gauges in Japan and South Korea declined, while stocks in Aus…

SpaceX's AI Splurge Puts a Damper on Debut Earnings

Business and finance news from the Asia-Pacific. SpaceX stock fell after the company disclosed higher-than-expected spending on its artificial intelligence business, dampening an inaugural quarterly report that broadly surpassed Wall Street forecasts. Shares of Elon Musk's rocket, satellite and AI…

Yen on Watch, Trump: Talks Are Iran's Last Chance

Business and finance news from the Asia-Pacific. The yen held steady through the New York trading session on Monday, after a sharp advance earlier in the day that sparked speculation authorities may have intervened to support the currency again after last week's coordinated action between the US a…

First US-Japan Joint Yen Intervention in 15 Years Sparks Advance

Business and finance news from the Asia-Pacific. The yen advanced sharply on Monday amid high alert in markets. This comes after Japan confirmed its first joint intervention with the US in currency markets in 15 years and warned that it was ready to act again, after the yen last week slid to a fou…

Stewards of Compassion: Powering Data Centers Responsibly (Sponsored Content)

AI promises untold breakthroughs, yet success requires huge amounts of energy. That begs a crucial question: How can we power progress responsibly? Find out how B.Grimm is leading the shift through a major renewable energy-powered data center project in Chon Buri. https://sponsored.bloomberg.com/m…

Chip Stocks Post Biggest Advance, Silicon Motion Earnings

Business and finance news from the Asia-Pacific. Chip Stocks on Wall Street posted its biggest gain in more than a year. Amazon.com Inc. rose 9.5% after cloud-computing revenue accelerated for a fifth straight quarter, while Microsoft Corp. surged 16% after earnings, adding roughly $450 billion to…