Major US stock indexes opened mixed amid ongoing tech sector volatility and cautious investor sentiment ahead of Fed Chair Powell’s Jackson Hole speech. S&P 500 futures declined slightly as markets digested mixed earnings from retailers like Walmart and Target, with focus on inflation and tariff developments influencing market direction.
Fed officials remain hawkish amid inflation and tariff concerns as market awaits Powell’s Jackson Hole speech.
60,000 – Israeli reservists called up for Gaza City operation.
Trump intensifies attacks on Federal Reserve Governor Lisa Cook over mortgage fraud allegations, calling for her resignation.
US and EU solidify ongoing trade deal aiming to reduce tariffs on autos and pharmaceuticals, with further negotiations ahead.
AIA Reports 12% Profit Growth on Strong Mainland Visitor Spending
AIA Group’s operating profit surged 12% aided by mainland Chinese buyers, signaling robust Asian insurance sector momentum.
More on scmp.com
Israel escalates military offensive with bombardments in Gaza City and calls up 60,000 reservists for expanded operation.
Meta freezes AI hiring and restructures AI division, marking a slowdown in its aggressive AI talent acquisition.
Palantir Shares Plummet Amid Six-Day Selling Streak and Short Seller Gains
Palantir’s stock price drops sharply for six consecutive sessions, inflicting losses on investors and giving short sellers a rare advantage.
More on seekingalpha.com
Target faces sales decline and leadership change as new CEO from within aims to revive growth amid retail challenges.
Walmart raises sales outlook driven by varied income shoppers despite tariff pressures; posts Q2 revenue increase.
US and EU unveil details of joint trade framework including tariff adjustments, signaling continuing negotiation but progress. Trump administration halts new solar and wind project approvals, escalating energy policy shifts.
Stock markets show volatility as tech stocks slide; investors watch for triggers amid rotation moves and earnings.
Nvidia faces pressure over China regulatory issues; overall AI stock sentiment cools amid concerns of bubble fears.
The evolution of how we use money is now. Innovations such as 24/7 instant payments, digital wallets, and stablecoins are no longer futuristic concepts but rapidly becoming reality.
— Fed Governor Christopher Waller
Russia-Ukraine conflict intensifies with pipeline sabotage arrests and renewed attacks impacting Europe’s energy.
Strong consumer demand lifts AIA Group profits on mainland visits; sustained growth in Asian insurance markets.
Tesla faces factory fire in Germany; shareholder group demands Nasdaq probe over Musk’s $29 billion pay package.
Johnson & Johnson announces $2 billion investment in North Carolina as drug tariffs loom, boosting US manufacturing.
Boeing in talks to sell up to 500 jets to China amid ongoing global trade tensions.
Ukraine moves to mass produce newly tested cruise missiles by early 2026 to bolster defense capabilities.
China accelerates digital currency and AI developments while expanding yuan-backed stablecoin initiatives.
Walmart recalls frozen shrimp due to potential radioactive contamination; FDA advises consumers to discard.
LA Fitness sued by FTC over ‘exceedingly difficult’ membership cancellations, facing legal challenges.
Palantir Technologies slips as short sellers profit amid prolonged stock decline; market facing correction.