A former top aide to President Donald Trump is initiating a $100 million campaign to promote the administration’s pro-artificial intelligence agenda during this year’s midterm elections.

The most popular Netflix plan will now cost $20 a month -- a 150% increase from 2013

Australia’s online safety regulator is investigating Meta Platforms Inc., Snap Inc., TikTok and YouTube for potentially failing to comply with the country’s social media ban for under-16s, in the first formal assessment of Big Tech’s response to the world-first crackdown.

Meta's market cap is down about $280 billion this month, shares are down 17%. It could be the company's worst performance since October 2022. Mandeep Singh of Bloomberg Intelligence has more. (Source: Bloomberg)

Bloomberg’s Tim Stenovec discusses the selloff in tech stocks as investors weigh whether it's a turning point for the market. Plus, NASA prepares to launch Artemis II on a lunar flyby. And, investors eye a mega $75 billion SpaceX IPO and the impact Elon Musk’s Terafab plan could have on the business. (Source: Bloomberg)

Crude oil extended gains and US equity-index futures dropped after Iran struck a Kuwaiti crude oil carrier as the war in the Middle East showed little sign of easing.

Oil pushed higher after Iran attacked another tanker in the Persian Gulf and US President Donald Trump issued threats against the country’s civilian infrastructure as hostilities in the Middle East continue to escalate.

Iran has hit a fully laden Kuwaiti oil tanker in the anchorage area of Dubai’s port, damaging the hull and starting a fire on board, state-run Kuwait Petroleum Corporation said in a statement.

Gold steadied after two days of gains, with the Federal Reserve saying long-term US inflation expectations appeared to be in check even as the war escalated in the Middle East.

The White House threatened further escalation of attacks on Iran, including critical civilian energy infrastructure, as the fifth week of war jolts global markets with little sign of relief.