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Fuel prices displayed at a gas station in Paris on April 8, 2026, show that gasoline and diesel prices have soared due to the Iran war. Stefan Moushmouche | AFP | Getty ImagesPreliminary data on Thursday showed the euro zone economy expanded by just 0.1% in the first quarter of this year, as the Iran war hurt growth in the region and increased inflationary pressures.The report comes as preliminary data shows consumer prices in the single currency bloc are creeping up, with inflation rising to 3% in April from 2.6% in the 12 months to March and 1.9% the month…

A close-up of the Samsung logo at a research building in Silicon Valley, Mountain View, California, October 28, 2018.Smith Collection/Gado | Archive Photos | Getty ImagesSamsung Electronics on Thursday reported that its first-quarter operating profit rose more than eight times, setting a new record and beating analysts’ expectations for explosive growth in its chip business. Below is a comparison of Samsung’s first quarter results with LSEG SmartEstimate, which emphasizes more consistently accurate analyst forecasts.Revenue: 133.9 trillion Korean won ($89.96 billion) vs. 132.69 trillion won Expected operating profit: 57.2 trillion won vs. 55.28 trillion won expectedThe South Korean tech giant’s quarterly…

Michael Selig, President Donald Trump’s nominee to chair the Commodity Futures Trading Commission, testifies during a Senate Agriculture Committee hearing on his nomination on November 19, 2025, on Capitol Hill.Jonathan Ernst | ReutersA group of Democratic lawmakers is asking the Commodity Futures Trading Commission to enact rules aimed at reining in prediction markets, curbing insider trading and banning certain types of event contracts.In a letter first shared with CNBC and sent to the CFTC on Thursday, a group of Congressional Democrats led by Jeff Merkley of Oregon called on the federal agency to address the “rapid erosion of integrity” in…

A German submarine commander saw the silhouette of a target in the evening sky off the coast of southern England and gave the order to fire a single torpedo. This was the last public appearance of the U.S. Coast Guard cutter Tampa and its 131-member crew for more than 107 years. Three minutes after a German torpedo hit the ship amidships, the Tampa sank to the bottom of the Atlantic Ocean, losing all her crew. This was the largest naval loss for the U.S. military during World War I. On Wednesday, the Coast Guard announced that a team of British…

A German submarine commander saw the silhouette of a target in the evening sky off the coast of southern England and gave the order to fire a single torpedo. This was the last public appearance of the U.S. Coast Guard cutter Tampa and its 131-member crew for more than 107 years. Three minutes after a German torpedo hit the ship amidships, the Tampa sank to the bottom of the Atlantic Ocean, losing all her crew. This was the largest naval loss for the U.S. military during World War I. On Wednesday, the Coast Guard announced that a team of British…

UEFA has released a statement explaining why Arsenal’s late penalty in the Champions League semi-final first leg against Atletico Madrid was overturned.Substitute Ebelesi Eze was initially awarded a spot-kick in the 78th minute when he fell under a challenge from Atletico defender David Hanko. Despite the contact with Eze’s leg, VAR intervened and recommended referee Danny McCarey review the incident on an on-screen monitor. After watching multiple replays, McCarey decided to rule out the penalty, but Arsenal manager Mikel Arteta condemned the decision as “completely unacceptable” and the match finished 1-1 ahead of next Tuesday’s second leg. image: David Hanko…

Technology companies are racing to build infrastructure that can further fuel the automation boom. Currently, the Japanese multinational SoftBank is reportedly planning to create a new company aimed at automating the creation of its infrastructure. The Financial Times first reported that SoftBank is launching a new business called Roze AI. According to a report in the Wall Street Journal, Mr. Lohse will aim to make data center construction in the United States more “efficient.” This will be achieved by, among other things, deploying autonomous robots to help build server farms. In an interesting development, the conglomerate is already preparing for…

The all-new 2026 Jeep Cherokee Hybrid will be on display at the 2025 Los Angeles Auto Show at the Los Angeles Convention Center on November 23, 2025 in Los Angeles, California.Josh Lefkowitz Getty Images News | Getty ImagesShares in auto giant Stellantis fell sharply on Thursday after the company said its adjusted operating profit nearly tripled in the first three months of this year, helped by improved sales in its key North American market.The multinational conglomerate, which owns well-known companies such as Jeep, Dodge, Fiat, Chrysler and Peugeot, posted adjusted operating profit of 960 million euros ($1.12 billion) in the…

Sundar Pichai, Alphabet CEO.Source: Alphabetmeta and alphabet Both companies beat expectations in their earnings reports on Wednesday, posting their best growth in years. They also raised guidance on capital spending this year, telling investors they will continue to pour money into artificial intelligence infrastructure. But despite similarly upbeat results, Wall Street’s reaction was very different. Alphabet shares soared 7% in after-hours trading, while Meta shares fell 7%. This is a continuation of a theme that has hampered Meta throughout the generative AI boom. Alphabet and its fellow hyperscalers, on the other hand, microsoft and Amazon Companies have large cloud infrastructure…

Two months after the United States and Israel launched a joint surprise attack on Iran, negotiations appear to have stalled, with the world’s energy supplies continuing to be disrupted by the conflicting blockade of the Strait of Hormuz and the future of Iran’s nuclear program remaining unresolved.In a sign of continued conflict, White House press secretary Anna Kelly said on Tuesday, a day after President Donald Trump and his senior national security advisers discussed Iran’s new proposal to resolve the war, that the United States was still negotiating with Iran but was “not rushing into a bad deal.”Recommended stories list…