Wall Street fell as investors questioned whether surging AI spending will deliver sufficient returns, sending Tesla and Alphabet sharply lower despite another strong earnings season.

Intel bucked the trend with its fastest revenue growth in nearly 15 years, fuelled by AI demand.

Closer to home, Allianz is expanding in Singapore through a S$2.9 billion acquisition of HSBC Life Singapore after its unsuccessful bid for Income Insurance.

We also look at Brent crude staying above US$100 a barrel and stocks on the move, including Oracle, Lockheed Martin and Eli Lilly.