Market News Today — AI-Curated Stock & Crypto Headlines

Software stocks continue to decline, with major players like AppLovin, CrowdStrike, and Datadog experiencing significant losses due to concerns about AI's impact.

Oil prices surged by approximately 10% over the week due to renewed US-Iran hostilities, which initially pressured equities and raised yields.

Adobe announced a leadership transition with Anil Chakravarthy named as the new CEO, replacing Shantanu Narayen who announced his departure in March.

Anthropic released its new Claude Fable 5.1 model, claiming it surpasses Chinese AI rivals in performance benchmarks for coding and complex knowledge work.

Progress Software's stock is surging due to a strong earnings report that beat expectations and prompted a raise in guidance, instilling bullish sentiment among investors.

Salesforce plans to conduct $25 billion in accelerated share repurchases, aiming to buy back 14% of its stock, after management indicated the stock is undervalued.

Oracle's stock jumps 11% in premarket trading due to strong cloud and AI growth, alleviating concerns about the company's debt plans and software disruption, and challenging fears of a 'SaaS apocalypse'.

Microsoft has introduced a new tier of its Office software, Microsoft 365 E7, which includes AI-powered Copilot and additional features, aiming to boost sales and adoption of AI in businesses.

Apple has made an aggressive $841 billion investment, which has positively impacted its earnings per share, but the purpose of the investment remains unclear.

Kettle Hill has initiated a 747,000-share stake in Braze, a software firm specializing in customer engagement and analytics tools, indicating a positive outlook on the company's growth prospects.

Robinhood has launched a $658 million private markets fund, allowing retail investors to invest in high-profile private tech companies, marking a shift in access to previously exclusive investments.

The software industry, particularly SaaS companies, has experienced a significant downturn of 21.2% over the last six months, contrasting with the S&P 500's 5.1% gain.