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Brent Crude Tumbles as US-Iran Hormuz Truce Hopes Spur Weekly Rout
Oil prices suffered their biggest weekly loss since April as traders bet on a US-Iran ceasefire to reopen Hormuz. Brent settled at $92.05, with EIA data showing a 3.3 million barrel crude draw.
XRP Recovers Above $1.30, Faces Key Resistance at $1.40
XRP rebounded above $1.30 to near $1.34, up 1.63% in 24 hours with $2.46B volume. Key support and resistance levels stand at $1.20 and $1.40.
SpaceX IPO Valuation Dips to $1.8 Trillion, Roadshow Set for June
SpaceX's IPO valuation is now pegged at $1.8 trillion, below earlier estimates, with a roadshow starting June 4 and a potential Nasdaq listing on June 12 under SPCX.
Anthropic Hits $965B Valuation in Record AI Funding Round
Anthropic closed a $65 billion Series H round at a $965 billion valuation, overtaking OpenAI. The company reported $47 billion in run-rate revenue and may pursue debt financing and an IPO.
Glencore Eyes Monday Catalyst as South Africa Greenlights Ferrochrome Power Relief
Glencore shares ended the week nearly unchanged at 567.80 pence, as South Africa approved a temporary discounted power rate for the Glencore-Merafe ferrochrome venture, offering cost relief ahead of Monday's market open.
HSBC Holds Near Peak as London Closes Week Up 1.4%
HSBC shares closed the shortened week up 1.4% in London, near recent highs. Q1 profit before tax was $10.1 billion, with revenue at $19.1 billion.
BAT Shares Slide Ahead of H1 Trading Update
BAT shares fell 2.46% Friday to 4,591p, capping a 5.8% weekly drop, ahead of its Tuesday pre-close update. CEO Marroco will address investors as U.S. regulators signal a softer stance on vape rules.
BP Boardroom Turmoil Deepens as Ousted Chairman Fights Back
BP shares dropped 5.3% last week after chairman Albert Manifold was ousted, triggering reports of deeper boardroom clashes and raising questions about the company's turnaround.
Rolls-Royce Stock Rises for Fourth Day, Faces Key Resistance
Rolls-Royce shares extended gains for a fourth straight session, closing at 1,337.40p. The stock remains below its February high as traders watch upcoming dividend and aviation trends.
Asia Markets Mixed as AI Rally Boosts Japan and Taiwan, India Slips
Asian markets closed mixed on Friday, with Japan's Nikkei surging 2.53% on AI optimism, while India's Sensex fell 1.44% amid inflation concerns. Taiwan raised its 2026 GDP forecast to 9.64%.