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Oil Climbs on Threats of a Widening War in Middle East

Brent oil traded at the highest level since May on Friday. Iran-backed Houthi militants claimed recent attacks on the Saudi Red Sea port of Yanbu, as well as deadly strikes on an oil field and airport in the kingdom. The flareup threatens to widen hostilities around the Strait of Hormuz, where crude exports have recovered to near prewar levels. Abeer Abu Omar reports on Bloomberg Television.

Read more: Oil Climbs on Threats of a Widening War in Middle East
Bloomberg
Financial

Hyperscalers Capex to Be Big 2027 Theme, UBS' Baweja Says

Bhanu Baweja, chief strategist at UBS Investment Bank, says spending by the largest hyperscalers will remain a major theme in markets in 2027. "At an aggregate level, I do not believe that there are major constraints here for hyperscalers," he tells Bloomberg Television, adding that they "will be rewarded."

Read more: Hyperscalers Capex to Be Big 2027 Theme, UBS' Baweja Says
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Financial

AI Trade Faces Earnings Test: Market Snapshot

Some of the world's biggest tech names delivered earnings this week that drew mixed reactions from investors. The results come as jitters over the trade increasingly shift from cash flows and profits to how the technology's massive build-out is being financed. "The Opening Trade" team spoke to market strategists and CEOs about whether this week's results suggest the artificial intelligence boom is nearing its peak, or still has room to run.

Read more: AI Trade Faces Earnings Test: Market Snapshot

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