Today’s Top Stories: Meta, Apple, Google, and Cloudflare Make Waves as Oil Hits $100

TLDR

• Brent crude climbed above $100 a barrel for the first time in six weeks amid Middle East conflict
• Meta shares rose around 5% after launching Muse, a personal AI agent that can send emails, book travel and make purchases
• Google announced a $15.1 billion investment in Finnish data centers powered by a 22-year nuclear energy deal
• Apple unveiled its first foldable iPhone under new CEO John Ternus, with prices expected to start above $2,000
• Cloudflare shares climbed 8-9% on growing investor enthusiasm for its AI-powered cybersecurity partnership with OpenAI

Oil Tops $100 as Wall Street Faces Pressure

Brent crude climbed above $100 a barrel on Wednesday for the first time in six weeks. The move came after fresh escalation in fighting involving the U.S., Iran and Iran-backed groups raised concerns about Gulf energy supplies.

Brent has now risen roughly 25% since early August. Disruptions through the Strait of Hormuz have reduced global supply.

Higher oil prices could push inflation up and keep interest rates elevated for longer. That adds pressure on consumer spending and corporate profit margins.

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