Gold settled 1.4% lower, down two of the past three sessions, and silver fell 2.5%, down three of the past four sessions.
Asian stock markets showed mixed performance Monday. Japan's Nikkei 225 and South Korea's Kospi saw gains, driven by AI-related technology stocks. Meanwhile, oil prices edged lower amid optimism over U.S.-Iran negotiations.
Allbirds has transformed into Smartbird, selling its shoe business for $43 million and raising $100 million to focus on AI infrastructure. New CEO Nadia Carlsten aims to provide controlled server deployments for companies prioritizing data sovereignty over public cloud scalability.
Claude Guillemot, co-founder of Ubisoft, died Friday at age 69 in a plane crash in La Baule, France. He was one of two people aboard the aircraft. Guillemot also chaired Guillemot Corp., which produces gaming accessories.
Polymarket allegedly paid online creators to post deceptive videos showcasing fake lucrative bets on its prediction market, according to a WSJ investigation. Creators used near-perfect website copies and were reportedly told not to disclose payment, though some later added "@polymarket partner" to bios.
Leading air taxi companies Joby Aviation and Archer Aviation are embroiled in a series of lawsuits over corporate espionage, patent infringement, and alleged fraud. These legal battles occur as the industry faces dwindling budgets, delayed certification, and investor nervousness, potentially hindering the sector's growth.
Shinkei Systems is developing Poseidon, a robot that humanely harvests fish using automated ike jime. The company aims to vertically integrate fish harvesting and processing, offering premium prices to fishermen and selling 'ceremony grade' fish under its Seremoni brand, challenging traditional seafood supply chains.
