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Asia-Pacific markets gave up early gains as reports surfaced about the U.S. intercepting Iranian oil tankers in Asian waters, raising concerns about ongoing geopolitical tensions. The S&P and Nasdaq had recently closed at record highs, buoyed by a ceasefire extension in Iran, but sentiment turned as ServiceNow's stock dropped 14% due to subscription revenue impacts from the conflict. Meanwhile, Lululemon announced former Nike executive Heidi O'Neill as its new CEO, and Rivian celebrated a production milestone for its R2 electric vehicle.

Latest Market Updates

European stocks to open in negative territory as oil prices gain

European stocks to open in negative territory as oil prices gain

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Japanese carmakers deepen their hold in the world's third largest market

Japanese carmakers deepen their hold in the world's third largest market

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Meta is tracking employee keystrokes on Google, LinkedIn, Wikipedia for AI training

Meta is tracking employee keystrokes on Google, LinkedIn, Wikipedia for AI training

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Thursday's big stock stories: What’s likely to move the market in the next trading session

Thursday's big stock stories: What’s likely to move the market in the next trading session

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Cramer's lightning round: Buy Arm

Cramer's lightning round: Buy Arm

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ServiceNow CEO downplays impact of Iran war and AI: 'Our business is doing great'

ServiceNow CEO downplays impact of Iran war and AI: 'Our business is doing great'

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CEO: AI will boost productivity so ServiceNow won't have to backfill open jobs

CEO: AI will boost productivity so ServiceNow won't have to backfill open jobs

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