U.S. markets edged higher as tech giants Alphabet and Apple rallied following favorable court rulings. However, labor data showed a clear slowdown with private payroll gains far below expectations, raising Federal Reserve rate-cut speculation. Energy shares struggled amid job cuts and sliding oil prices, while gold surged as a safe haven amid economic uncertainty.
China showcases advanced AI weaponry, hypersonic missiles, and nuclear triad in a massive military parade signaling its strategic ambitions and technological advancements amid global tensions.
54,000 – Number of private sector jobs added in August, marking a sharp slowdown in U.S. labor market growth.
The Trump administration intensifies its tariff policies while facing legal challenges and Supreme Court battles over the legality and scope of sweeping import tariffs impacting global trade and domestic industries.
American Bitcoin’s stock soars on Nasdaq debut, massively increasing the public valuation of Donald Trump’s sons’ stake, stirring attention over the growing Trump family presence in cryptocurrency.
Goldman Sachs Strikes $1B Deal to Boost T. Rowe Price Stock
Goldman Sachs invests $1 billion in T. Rowe Price aiming to expand private-market offerings to retail clients, propelling T. Rowe Price shares sharply higher and signaling confidence in asset management growth.
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The Fed’s nominee Stephen Miran faces Senate scrutiny highlighting tensions over central bank independence amid wider political and economic divides impacting US monetary policy direction.
Figma stock plummets following its first earnings report since IPO, reflecting investor concerns about slowing sales growth despite revenue gains and CEO’s push for AI investments.
ConocoPhillips Plans 25% Workforce Cut Amid Energy Sector Downturn
ConocoPhillips announced plans to slash up to 25% of its global workforce, reflecting deep cost-cutting pressures as oil prices slide and market conditions worsen for Big Oil players.
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U.S. private sector adds merely 54,000 jobs in August as hiring slows dramatically, reinforcing fears of labor market weakness and increasing bets on Federal Reserve rate cuts.
Goldman Sachs invests $1 billion in T. Rowe Price, signaling strategic partnership to expand private-market products to retail investors, driving T. Rowe’s shares sharply upward.
The Trump administration is appealing to the U.S. Supreme Court for a swift ruling to reinstate sweeping tariffs after a lower court declared them illegal, raising stakes for trade policy and enforcement.
Amazon advances aggressively in the AI agent race with plans to launch new AI-powered workspace software and satellite internet deals, boosting its foothold in emerging tech markets.
American Eagle’s shares soar on the back of marketing campaigns featuring Sydney Sweeney and Travis Kelce, driving strong customer growth and optimistic sales outlook.
Most people are silent because they’re afraid to speak out about what’s really happening with the U.S. economy.
— Ray Dalio
U.S. services sector shows fastest expansion pace since February amid mixed signals from economic data, while markets wrestle with soft labor figures and inflation concerns.
Sanofi shares tumble sharply after experimental eczema drug trial disappoints, leading to a significant market value loss and investor concern over pipeline success.
Trade data shows Canadian exports rising and trade deficit narrowing with the U.S., indicating improved trade balances amid tariff tensions and global economic challenges.
Powerball jackpot surges to historic highs near $1.7 billion, ramping up excitement ahead of the next drawing with record-breaking prize amounts.
The Centers for Disease Control faces turmoil as Health Secretary RFK Jr. testifies before Congress, with rising Republican calls for oversight amid shakeups and policy disputes.
Intel gains renewed government backing as the U.S. increases its stake in the semiconductor giant, positioning the company for stronger foundry operations and competitiveness.
Tech giants secure victories in antitrust battles as Google avoids forced breakup, boosting shares while reinforcing cautious court approaches toward Big Tech regulation.
The U.S. job market shows signs of cooling with rising jobless claims and soft hiring data, reinforcing market speculation of impending Federal Reserve rate cuts.
ConocoPhillips announces plans to slash up to 25% of workforce, highlighting widespread job cuts across Big Oil amid price declines and policy shifts impacting the energy sector.
Amazon anticipates ending Prime membership sharing and tightens return-to-office policies, which alongside stiffer internal reviews, impact company culture and talent retention.