Iranian military said it struck U.S. military facilities at Jordan's Azraq base and Bahrain's Sheikh Isa Air Base.

Google (GOOG.O) shares fell more than 7% after the company raised its capital expenditure forecast for this year from $190 billion to $195–205 billion. Google is the first of the major tech firms to report quarterly results; Meta, Microsoft and Amazon are due next week. The four companies had in April disclosed plans to invest up to $725 billion cumulatively in AI; Google's capex increase could push that total higher by the end of next week. Returns on those investments remain unclear. Thomas Montero, a senior analyst at an investment firm, said Google's larger-scale spending plan "is not reassuring," adding that rising interest rates and persistent supply-demand tightness in AI infrastructure may be eroding the appeal of financing such spending from cash flow.

TotalEnergies CEO said the company has received official approval from Namibia's minister of mines and energy to allow Galp into its Venus project and expects the deal to be finalized tonight or tomorrow.