Most Important News

1. Oil Surges and Gold Falls as US Seizes Iranian Cargo Ship;
2. Blue Origin Lands Reusable Booster, Loses Payload;
3. Nvidia Showcases AI Manufacturing at Hannover;
4. SK Hynix Begins Mass Production of 192GB SOCAMM2 for NVIDIA Vera Rubin;

Stock futures fell early Monday as tensions between the US and Iran escalated over the weekend with the seizure of an Iranian-flagged cargo ship.

As of 08:23 EST (or 3:23 PM in Riyadh), Dow Jones Industrial Average futures shed 241 points, or 0.49%. S&P 500 futures lost 0.4%, along with Nasdaq-100 futures.

Crude prices surged in early trading. West Texas Intermediate futures popped 8% to $90.54 per barrel. International Brent advanced 6% to $96.50.

As of 03:21 PM Riyadh Time, top pre-market movements are as follows:

Geopolitics Hit Futures, Oil Surges

US equity futures fall about 0.6–0.7% as renewed US-Iran tensions re-tighten Hormuz, sending WTI above $90 and Brent over $96. Earnings from Tesla Motors, Inc.(TSLA.US) , Intel Corporation(INTC.US), UnitedHealth Group Incorporated(UNH.US), GE Aerospace(GE.US) loom, while markets price near-certain April Fed pause. Read in detail>>

Gold Falls as Hormuz Tensions Stoke Inflation Fears

Gold prices declined following a weekend ship shooting in the Strait of Hormuz, which renewed market concerns over potential energy supply disruptions and inflation.

US Tariff Refunds Open, Consumers Exposed

US importers can claim up to $127 billion in unconstitutional IEEPA tariff refunds via CBP’s new CAPE portal, but no legal duty exists to pass savings to consumers, prompting litigation against Costco Wholesale Corporation(COST.US) and positioning FedEx Corporation(FDX.US) to coordinate claims. Read in detail>>

Barclays CEO Flags AI Cybersecurity Threat

Barclays CEO C.S. Venkatakrishnan warned Anthropic’s “Mythos” AI could autonomously find and exploit financial-system vulnerabilities, posing systemic cyber-risk to global banks and markets as successive, more capable versions roll out, underscoring rising regulatory, operational and technology-governance pressures on financial institutions. Read in detail>>

Economist Warns AI Fuels Profits, May Deepen Labor Market's Strain

Economist Robert Reich warns AI-driven payroll cuts are boosting corporate profits and equity valuations while depressing wages and employment, citing large layoffs at Meta Platforms(META.US), Amazon.com, Inc.(AMZN.US) and Oracle Corporation(ORCL.US), as Goldman Sachs flags long-term earnings damage for displaced workers. Read in detail>>

Nvidia Showcases AI Manufacturing at Hannover

NVIDIA Corporation(NVDA.US) will attend Hannover Messe 2026 to demonstrate AI-driven manufacturing, featuring industrial AI infrastructure, real-time factory simulation, vision AI agents, and robotics.

Apple Defies India's Antitrust Probe

Apple Inc.(AAPL.US) refused to submit data to India's antitrust regulator, which is probing alleged market abuse in the app store. This has prompted authorities to expedite the case, scheduling a final hearing for next month.

SK Hynix Boosts NVIDIA AI Server Memory

SK Hynix begins mass production of 192GB SOCAMM2 memory modules, delivering double bandwidth for next‑generation NVIDIA Vera Rubin AI servers, potentially strengthening SK Hynix’s high‑bandwidth DRAM leadership and supporting NVIDIA Corporation(NVDA.US) data‑center performance, capacity, and AI workload scalability. Read in detail>>

Blue Origin Achieves First Reusable New Glenn Landing

Blue Origin’s New Glenn booster completed a first successful reusable sea landing, narrowing the technology gap with SpaceX, while mission payload BlueBird 7 from AST SPACEMOBILE INC(ASTS.US) was left in an unusable low orbit, pressuring its space-based broadband plans competing with Amazon.com, Inc.(AMZN.US) and Starlink. Read in detail>>

Google, Marvell Develop AI Chips To Challenge Nvidia

Alphabet Inc. Class A(GOOGL.US) is partnering with Marvell Technology, Inc.(MRVL.US) to co-develop new AI memory and TPU chips, aiming to reduce reliance on NVIDIA Corporation(NVDA.US) GPUs, strengthen Google Cloud TPU economics, and capitalize on rising hyperscale chip demand, including Meta Platforms(META.US) leasing deals. Read in detail>>

Tesla Expands Texas Robotaxi Network In Two Cities

Tesla Motors, Inc.(TSLA.US) expanded driverless robotaxi service to Dallas and Houston, lifting its Texas coverage to three cities ahead of Q1 2026 earnings on April 22. Despite limited vehicles per new city, Tesla targets a projected $168 billion 2035 autonomous ride-hailing market. Read in detail>>

BlackBerry QNX Expansion Lifts Stock Momentum

BlackBerry Limited(BB.US) momentum index surged from 14.91 to 36.14 as QNX targets double‑digit FY2027 revenue growth, expands beyond autos into AI, robotics and medical devices, secures a $950 million backlog, and deepens safety‑critical edge AI partnership with NVIDIA Corporation(NVDA.US). Read in detail>>

Meta Plans Major Job Cuts For AI Pivot

Meta Platforms(META.US) reportedly plans cutting 8,000 jobs to reallocate resources toward artificial intelligence initiatives, extending 2022–2023 layoffs. Despite restructuring uncertainty and execution risk, Meta shares have gained 5.86% year-to-date, reflecting investor confidence in its AI-driven growth strategy. Read in detail>>

Netflix Beats Q1, Weak Outlook Hits Stock

Netflix, Inc.(NFLX.US) posted Q1 revenue of $12.25 billion and EPS of $1.23, topping forecasts of $12.18 billion and $0.76. Shares fell nonetheless on soft guidance and the resignation of a co‑founder, highlighting concerns over growth durability and leadership transition. Read in detail>>

Sidus Space Announces $58.5 Million Offering

Sidus Space(SIDU.US) launches a $58.5 million registered direct offering of 13,453,700 Class A common shares at $4.35 each, significantly diluting existing shareholders while strengthening liquidity and funding for ongoing operations and growth initiatives. Read in detail>>