CNBC’s The China Connection newsletter: China’s AI race enters a new phase

A new frontier is shaping up for companies that want to make money with artificial intelligence.
Oil prices extend gains as Trump threatens to escalate Mideast war, Iran targets Kuwaiti tanker

Oil prices extended gains as Trump threatened further escalation of attacks on Iran, including its energy infrastructure and desalination plants.
China’s factory activity returns to growth, expanding at its sharpest pace in a year

China’s official gauge for manufacturing activity pointed to a better-than-expected expansion in March, snapping two months of declines.
Pete Hegseth’s broker attempted to make defense investments before Iran war: Financial Times

Pentagon chief spokesperson Sean Parnell dismissed the report in a post on X, calling it “entirely false and fabricated.”
Evercore ISI predicts ‘inflection point’ is days away, plans to commit capital if S&P 500 drops to this level

A week of “maximum uncertainty” should deliver a key opportunity for investors, according to Evercore ISI’s Julian Emanuel.
Asia-Pacific markets fall as Iran war keeps investors jittery, oil extends gains

Asia-Pacific markets fall on Tuesday as investors continued to parse developments in the U.S.-Iran war and volatile crude oil prices.
Stock futures slip as oil prices resume their climb; S&P 500 creeps closer to correction territory: Live updates

The broad market S&P 500 fell for a third consecutive session on Monday as oil prices rose once again.
Micron stock sinks 10%, further cratering in post-earnings sell-off

Since reporting blowout earnings March 18, the memory maker’s shares have slid about 30%.
Morgan Stanley says to watch rates as stock correction is almost over

Markets have priced in a scenario where oil supply is constrained but doesn’t trigger a recession, according to Morgan Stanley analyst Michael Wilson.
Delaware judge reassigns Elon Musk cases after accusation of bias

Kathaleen McCormick, a judge in Delaware’s Court of Chancery, is reassigning cases involving Elon Musk to other judges in the state’s business court.