UPDATE: Gold prices steady as US extends ceasefire with Iran; Strait of Hormuz blockage continues to threaten global energy security and maintain elevated inflation risks.

DEVELOPING: Samsung unions plan a 37,000-worker rally in South Korea on April 23, threatening a strike that could disrupt global chip supplies amid high demand for artificial intelligence components.

Samsung unions expect 37,000 workers to join a rally in South Korea on April 23, signaling a potential strike that could impact chip production.

Federal Reserve nominee Kevin Warsh signals intent to replace the central bank's primary inflation gauge. The proposed shift could alter how the Fed measures price stability and determines future interest rate policy.

Kevin Warsh, President Donald Trump's nominee for the Federal Reserve, has expressed interest in replacing the central bank's primary inflation gauge.

Tesla reports Q1 earnings surprise as CEO Elon Musk signals substantial increase in future spending plans.

Tesla reported a surprise profit in its first-quarter earnings, with CEO Elon Musk announcing plans to substantially increase capital expenditure.

SoftBank seeks a $10 billion loan secured by its shares in OpenAI to fund artificial intelligence investments, according to reports.

SoftBank is reportedly seeking a $10 billion loan backed by its equity stake in OpenAI to fund further expansion into artificial intelligence.