Morgan Stanley's CFO said the renewed escalation in the Middle East has not yet affected trading.

CoreWeave (CRWV.O) is exploring financial derivatives to hedge against potential declines in memory and storage-chip prices, people familiar with the matter said. The move underscores how AI-driven cloud demand ties providers to a volatile chip market: cloud operators including CoreWeave have signed long-term supply deals with Micron and SanDisk that often include price-floor protections for suppliers. Those floors shield chipmakers in a downturn but expose cloud buyers to purchasing above-market inventory. CoreWeave executives have discussed put options and other derivatives; talks are at an early stage and no hedges have been executed.

The Israeli military said on the 14th it conducted an airstrike in northern Gaza that killed the head of Hamas's military security in the Jabalia refugee camp and several other militants. The military said those killed had recently planned and carried out attacks against Israel.