Samsung roasts Apple for being late to the foldables party

Key Points:

• Apple introduced its first foldable iPhone and altered its release schedule, prompting Samsung to launch a social media campaign mocking Apple's innovation, emphasizing Samsung's lead in foldable technology since 2019.
• U.S. crude oil prices surged above $100 per barrel amid ongoing conflict between the U.S. and Iran, increasing expectations for a Federal Reserve rate hike and supporting the European Central Bank's recent rate increase to 2.5%.
• President Trump's proposal to distribute $5,000 checks to Americans contingent on a Republican midterm victory faced bipartisan criticism due to its estimated cost exceeding $1.2 trillion and concerns over the federal debt.
• India's efforts to expand solar and battery capacity for energy security are complicated by reliance on Chinese hardware and critical minerals, highlighting China's geopolitical advantage in resource access.
• Oracle's fiscal first-quarter results surpassed expectations with cloud infrastructure revenue doubling year-over-year, driven by AI demand, while a volatility metric suggests U.S. bond markets may be overtaking AI optimism as the main stock market influence.