US markets edged higher as investors await the August jobs report, with the S&P 500 and Nasdaq hitting new records amid expectations of Fed rate cuts. Semiconductor stocks, led by Broadcom’s strong earnings, drove gains, while retail names like Lululemon tumbled on weak guidance. Treasury yields declined, reflecting cautious economic sentiment ahead of key labor data.
American Eagle’s stock surges driven by celebrity endorsements and strong customer growth amid Q2 earnings beat, significantly impacting retail investor sentiment.
63% – Broadcom’s AI revenue growth year-over-year in Q3 2025.
The Federal Reserve’s independence is under scrutiny with Trump’s Fed nominee Stephen Miran committing to preserve it amid Senate grilling and controversy over his White House role.
The Trump administration intensifies trade measures, signing orders to slash tariffs on Japanese autos to 15% and seeking Supreme Court rulings to uphold tariff legality amidst legal challenges.
Broadcom’s AI Chip Demand Soars, Boosting Q3 Revenue by 22%
Broadcom reported a 22% rise in fiscal Q3 revenue supported by a 63% surge in AI-related sales, raising strong guidance and investor optimism on the semiconductor sector’s future.
More on benzinga.com
OpenAI partners with Broadcom to design and mass produce custom AI chips, signaling a strategic shift in AI hardware development with anticipated production starting in 2026.
Health Secretary Robert F. Kennedy Jr. faces sharp Senate scrutiny over vaccine skepticism, CDC shake-ups, and access restrictions amidst widespread political backlash and calls for resignation.
Lululemon Slashes Full-Year Outlook, Shares Plunge 14%
Lululemon cut its annual revenue and profit forecasts due to tariff-related costs and weak demand, causing a sharp selloff signaling challenges in the retail apparel market ahead of the key holiday season.
More on reuters.com
Broadcom posts strong Q3 revenue with 22% year-over-year increase and 63% AI segment growth, providing upbeat guidance and fueling investor confidence amid AI-driven semiconductor demand.
Figma’s stock plunges following disappointing post-IPO earnings report and cautious revenue outlook, raising investor concerns over sustainable growth amid aggressive AI spending plans.
Trump administration moves to rename the Department of Defense as the Department of War; Supreme Court to review legality of Trump’s tariff powers.
Lululemon slashes annual outlook on tariff impacts and weakening demand, triggering a sharp stock drop and signaling sector-wide challenges ahead of the holiday season.
Trump administration targeted with multiple lawsuits over immigration and National Guard deployments, while the President pushes aggressive anti-crime and defense branding initiatives.
“Independence is critical to the Federal Reserve’s mission, and I am committed to preserving it if confirmed.”
— Stephen Miran, Trump’s Fed nominee
American labor market shows signs of cooling with slow job growth and rising jobless claims, fueling speculation on upcoming Federal Reserve interest rate cuts and economic outlook shifts.
Amazon’s Project Kuiper inks deal with JetBlue to supply satellite-based in-flight Wi-Fi, marking a milestone for service rollout expected to start in 2027 across a quarter of the airline’s fleet.
International tensions escalate as Russia and China deepen bilateral ties amid military advancements, drawing global attention to geopolitical realignments affecting energy markets and security.
Ponzi-scheme and fraud warnings emerge amidst growing hack attempts targeting cryptocurrency sector, with regulators increasing scrutiny on listings and raising security concerns.
Broadcom’s AI-chip driven growth fuels optimistic earnings forecasts as investors react positively to the semiconductor giant’s robust sales and expanded AI product demand.
US government launches criminal investigations into Federal Reserve Governor Lisa Cook over mortgage fraud allegations, intensifying political and legal pressures amidst central bank personnel turmoil.
American Eagle’s strong Q2 earnings and viral ad campaigns with Sydney Sweeney and Travis Kelce result in massive customer gains and significant stock rallies.
Justice Department expands immigration enforcement actions and faces lawsuits over controversial policies; meanwhile, Trump administration escalates crackdowns and plans new policies against transgender gun ownership.
Retailers navigate tariff impacts and shifting consumer habits as American Eagle and Lululemon report earnings with differing outlooks, signaling potential market headwinds and demand variances.
Twitter, Meta’s Threads and other tech firms update platform features and tackle challenges in AI integration, content moderation, and user engagement amid regulatory and competitive pressures.
Powerball jackpot climbs to $1.7 billion, marking one of the largest lotteries in US history and drawing massive public attention to the gambling sector.
Giorgio Armani, iconic fashion designer, passes at 91 leaving a vast legacy and a meticulously planned succession to shape his empire’s future in luxury fashion.