World markets have advanced and South Korea’s Kospi index has jumped nearly 18% as artificial intelligence-related stocks bounce back after losses earlier this week. U.S. futures edged higher and oil prices resumed climbing. Shares of South Korean technology …

Amazon’s revenue for the quarter reached $201 billion, above expectations of $197 billion, and up 20% on the year.

The after-hours moves followed a powerful rally during Thursday's regular session, led by Microsoft.

Commonwealth Bank of Australia said in a note on Friday that stronger oil flows through the Strait of Hormuz had eased market concerns after U.S.-Iran strikes earlier this week.

Major oil companies reported massive profits while fighting between Iran and the U.S. impeded petroleum shipments. Prices for Brent crude soared above $100 a barrel for much of the spring. Constrained supplies meant consumers around the world paid more for fu…

The decision comes as speculation continues to swirl around whether the Bank of Japan will hike rates at a faster pace.

The iPhone maker said sever constraints in the supply chain will affect sales of iPhones, Macs, and iPads in the current quarter.

Everyone is debating which AI company will build the best AI model. But that may be the wrong question for investors to focus on.

It comes just days after rival OpenAI said rogue AI agents had breached other firms' networks.