Shares in the technology sector slipped as markets were surprised by the hawkish tone of the Fed under Kevin Warsh's chairmanship.
Jabil raised its full-year outlook after logging higher profit and a jump in revenue in its fiscal third quarter, as demand for artificial-intelligence infrastructure remained robust.
President Trump said negotiations with Anthropic over restoring access to the company's latest artificial-intelligence models were "going fine," comments that came at a Group of Seven summit where some world leaders were concerned about losing access to leading AI tools.
Allbirds is changing its name to Smartbird and bringing in a new chief executive to oversee its pivot from a shoe company to AI.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
