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Dollar Opens Week Boosted by AI Enthusiasm, Haven Demand
Traders are betting the US dollar will rise in the weeks ahead, supported by lingering uncertainty over US-Iran talks and an AI-fueled rally in US stocks.

IBM Shares Surge as Old Clip of Trump Praise Recirculates Online
A nearly six-month old video of Donald Trump praising International Business Machines Corp.’s CEO sent the shares surging almost 9% on Monday, adding more than $24 billion to the company’s stock-market value.

FedEx Freight Shares Drop in First Day of Trading After Spinoff
Shares of FedEx Corp.’s former freight division fell on Monday in their first day of trading as an independent, publicly held company.

Iran suspends peace talks in protest over Israeli offensive in Lebanon
Move puts further pressure on fragile ceasefire between Washington and Tehran

Barry Diller launches $18bn takeover offer for MGM Resorts
Casino resort group’s shares jump 14% after media veteran announces take-private plan

US Stocks Muted on Report Iran Is Halting Messages With US
US stocks were muted on Monday after an Iranian report that the country will stop exchanging messages with the US, triggering a spike in oil prices.

Putin could pay a personal price for failure in Ukraine
History suggests that military defeat often leads to radical political change in Moscow

Colombian Assets Surge as Right-Wing Outsider Leads Vote
Colombia’s stocks leaped by the most in over six years and bonds and the currency surged after right-wing outsider Abelardo de La Espriella unexpectedly won the first-round of voting for the presidency and went into the runoff as clear favorite against leftist Ivan Cepeda.

South Africa Factory Sentiment Worsens as Demand Fades
South Africa’s manufacturer sentiment worsened in May as demand slumped and supply disruptions due to the Iran war continued.

Nvidia unveils PC ‘superchip’ in challenge to Apple and Intel
Semiconductor paired with Microsoft Windows will allow computers to run AI apps

‘More harmful than helpful’: young people sour on AI
Gen Z uses the technology more than anyone, but many fear it is weakening their job prospects and creativity

The truth about the American profit machine
It’s not much stronger now than it was during the dotcom boom

EU looks more attractive in Trump’s ‘crazy world’, says Norway
Oslo rethinks relationship with bloc after it rejected membership twice

Xi’s last frontier: China’s plan to transform its west
A vast development drive aims to tap the region’s economic potential and extend Beijing’s control

Oil Jumps on Report Iran to Halt Exchanges With US: Markets Wrap
A renewed rally in oil drove bonds lower while stocks fluctuated as a report that Iran will halt exchanges of messages with the US cast doubt on a ceasefire renewal.

Berkshire Hathaway to Buy Taylor Morrison for $6.8 Billion
Berkshire Hathaway Inc. will acquire Taylor Morrison Home Corp. in an all-cash deal worth about $6.8 billion, the first major purchase under chief executive Greg Abel and a vote of confidence in the US housing market.