News Summary

• The stock market put in another surge on Friday to close out a week of record highs.
• Iran said the Strait of Hormuz is open for business as talks seemed to bear fruit, sending oil down around 9%.
• Block CEO Jack Dorsey explains cutting 40% of staff amid AI shift.
• The rally in tech stocks is widening beyond semiconductors and into software.
• And older millennials are starting to act like boomers in the housing market.
• Today's Takeaway is a deep dive by Myles Udland, our Head of News.