- Stock futures fell on Tuesday as President Donald Trump’s deadline for Iran to
reopen the Strait of Hormuz approached, with hopes of an agreement fading.
- Trump has set an 8 p.m. ET deadline for the U.S. and Iran to strike a deal on
reopening the Strait of Hormuz, otherwise the U.S. will destroy Iran’s power
plants and bridges.
- Trump said in a Truth Social post Tuesday: “A whole civilization will die
tonight, never to be brought back again. I don’t want that to happen, but it
probably will.”
- Broadcom, Alphabet — Broadcom on Monday said it agreed to supply artificial
intelligence chips for Google and signed an expanded deal with Anthropic to give
the AI startup about 3.5 gigawatts worth of computing capacity from Google’s AI
processors.
- The Wall Street Journal reported, citing U.S. officials, that negotiators
aren’t optimistic a deal between the U.S. and Iran can be reached before
President Donald Trump’s 8 p.m. ET deadline.
- Asia-Pacific markets rose on Tuesday, tracking gains on Wall Street as
investors assess the likelihood of a U.S.-Iran ceasefire deal
- US orders for business equipment rebounded in February, suggesting companies
were moving forward on investment plans before the Iran war.
