US markets are under pressure with the S&P 500 extending its longest losing streak since January, dragged down by tech stocks amid rising bond yields. Anticipation builds ahead of Fed Chair Jerome Powell’s Jackson Hole speech, while mega deals like Meta’s $10 billion cloud pact with Google highlight ongoing shifts in tech. Retailers face tariff pressures as Walmart and Ross report mixed results, adding to cautious investor sentiment.
S&P 500 extends its longest losing streak in months amid tech sector rotation and rising bond yields ahead of Powell’s Jackson Hole speech, indicating mounting market caution and volatility.
$10 billion – Size of latest Meta-Google cloud computing deal amid AI race.
Meta and Google strike a massive cloud computing deal exceeding $10 billion, intensifying competition in AI infrastructure and cloud services amid shifts in tech hiring and spending.
Federal investigations and legal challenges mount against Tesla for slow crash reporting and potential regulatory breaches related to its autonomous driving features.
Zoom Beats Q2 Estimates, Raises 2026 Outlook—Shares Surge 6%+ After Hours
Zoom reported strong Q2 revenue and earnings growth driven by enterprise demand, boosting its full-year forecast and sending shares higher in after-hours trading.
More on bloomberg.com
Trump administration widens campaign targeting Federal Reserve officials amid allegations and calls for resignations, creating political pressure ahead of key economic policy meetings.
Meta faces investor jitters as AI hiring pause and restructuring trigger stock declines, reflecting broader tech sector uncertainties and cautious market sentiment.
Cracker Barrel Shares Plunge Nearly 15% Amid Logo Backlash and Brand Revamp
Cracker Barrel faces fierce customer backlash over its new modern logo, leading to a sharp stock decline as investors react to brand identity concerns.
More on reuters.com
Walmart navigates tariff-driven price pressures while maintaining strong sales, with mixed earnings results and cautious investor reaction reflecting ongoing macroeconomic challenges.
The US and European Union formalize a trade framework deal capping tariffs at 15%, with exemptions and commitments to ease trade tensions and support key industries including semiconductors.
US and EU formalize trade framework capping tariffs at 15%, including exemptions for semiconductors, aiming to de-escalate trade tensions and boost economic cooperation.
Federal Reserve chair Jerome Powell prepares for his final Jackson Hole speech amid inflation, labor market challenges, and White House pressure, making it a critical market event.
New York appeals court overturns massive $500 million civil fraud penalty against Donald Trump, marking a major legal victory amid ongoing investigations and litigation.
‘Powell faces a high-stakes balancing act as inflation cools and political pressures mount.’
— Financial Markets Analyst
Anthropic raises its funding target to $10 billion amid strong investor demand, expanding AI competition and capital flows in the fast-evolving generative AI market.
Zoom upends estimates with strong Q2 revenue and earnings driven by enterprise demand, prompting an optimistic outlook and a jump in after-hours share prices.
Cracker Barrel unveils a controversial new modern logo and rebranding effort that sparks strong backlash from customers and investors, causing its stock to plummet sharply.
Tesla faces mounting regulatory scrutiny as investigations probe delayed crash reporting linked to its Autopilot and Full Self-Driving systems, raising safety concerns.
Federal courts and judges strike down legal appointments and rulings related to former Trump lawyer Alina Habba, declaring her tenure as U.S. attorney unlawful and void.
US immigrant visa scrutiny intensifies as the Trump administration reviews over 55 million visa holders, aiming to crack down on potential violations amid immigration enforcement policies.
Nvidia halts production of AI chip H20 following China’s directive amid growing geopolitical tensions impacting the semiconductor supply chain and chip sales policies.
Retailers including Ross Stores report mixed earnings as tariff pressures mount, driving cautious consumer behavior and impacting pricing strategies across sectors.
AI industry buzz cools as MIT study highlights disappointing business impacts, sparking investor caution and questions about the sustainability of the AI boom.