A fast-moving global cycle is unfolding across technology, security, and economic policy, led by sharp market reactions to artificial intelligence investment.

Microsoft lost about $360 billion in market value as AI spending unsettled investors, while Tesla scrapped certain models as it pivots toward AI amid its first annual revenue decline.

In geopolitics, the United States assembled a major military force posture aimed at Iran, while also preparing to nominate Kevin Warsh as the next Federal Reserve chair to replace Jay Powell.

Washington also moved to open Venezuela’s vast crude reserves to major oil firms and launched a lawsuit against the IRS and Treasury seeking at least $10 billion.

Elsewhere, Apple delivered a record $144 billion quarter powered by strong iPhone sales, HSBC positioned itself for more Hong Kong IPO activity, and EasyJet’s chief criticised proposed EU cabin bag rules.

Together, these developments reflect intersecting pressures reshaping global markets, regulation, trade competition, and strategic diplomacy in real time.