[ad_1]
Markets responded to the Federal Reserve’s 25 basis point rate cut with mixed reactions—Dow surged 500 points while Nasdaq and S&P 500 slid amid volatility. Tech stocks grappled with China’s chip bans, while commodity and energy sectors remained pressured by geopolitical tensions and tariffs.
The Federal Reserve cut interest rates by 25 basis points, citing risks from a weakening labor market, marking its first reduction since December 2024. The move signals two more cuts this year amid internal dissent and inflation concerns.
25 bps – Federal Reserve’s recent benchmark interest rate cut signaling easing cycle.
Nvidia faces setbacks as China bans tech giants from purchasing its AI chips, highlighting escalating US-China tech tensions. Nvidia’s CEO expresses disappointment while other AI chip stocks hold steady or rise.
Ben & Jerry’s co-founder Jerry Greenfield resigns after 47 years, criticizing parent Unilever for silencing the brand’s progressive activism. This departure underscores tensions within corporate social responsibility efforts.
Workday Soars After Elliott Takes $2B Stake, Plans AI Growth
Workday’s shares surged 9% after activist investor Elliott Management disclosed a $2 billion stake and backed the company’s AI strategy expansion through acquisition.
More on cnbc.com
Tesla is under federal investigation following reports that its door handles may trap children inside vehicles. The company is redesigning handles amid multiple wrongful-death settlements related to Autopilot crashes.
StubHub raised $800 million in its IPO but shares closed down 6.4% on debut, ending a recent hot streak for new tech listings. The ticket marketplace CEO emphasizes all-in pricing to enhance customer experience.
Ben & Jerry’s Co-Founder Quits Citing Stifled Activism Under Unilever
Jerry Greenfield resigned after 47 years, criticizing Unilever for silencing the company’s social mission, raising questions about corporate governance and brand identity.
More on wsj.com
House Republicans voted to expand tariff powers to President Trump, relinquishing congressional control over tariffs. Meanwhile, concerns grow over tariff impacts on US trade and inflation.
Meta Platforms prepares to reveal updated AI-powered smart glasses at its Connect 2025 event, signaling continued push in AI innovation. Google and PayPal also collaborate on AI-driven digital commerce solutions.
SEC and CFTC extend compliance deadlines for private fund reporting; UK FCA proposes adapting rules for crypto integration; US imposes updated tariff authority to the president.
White House AI adviser stresses the U.S. must ‘win by market share’ in AI race against China, highlighting geopolitical tech competition as momentum in AI investments intensifies globally.
Microsoft commits $15 billion to UK AI and cloud infrastructure amid Trump’s state visit, bolstering US-UK tech ties. Nvidia also invests heavily into British cloud computing firm Nscale.
Winning the AI race means dominating market share — that’s how we measure success against China.
— White House AI Adviser Sriram Krishnan
Bank of Canada resumes rate cuts, lowering key interest rate by 25 basis points to 2.5% amid weakening economy and inflation pressures. The move aligns with global central bank easing trends.
China’s exports to the US fall for the fifth consecutive month due to ongoing tariffs, impacting automotive shipments and clouding global trade outlook. The US, Canada, and Mexico begin formal trade pact review.
Lyft teams with Waymo to launch fully autonomous robotaxi services in Nashville starting 2026, marking first joint ride-hailing automation collaboration amid intensifying competition in autonomous mobility.
Workday shots up after Elliott Management reveals $2 billion stake, signaling activist confidence as the software firm plans AI expansion via acquisition. Activist investors influence tech sector momentum.
General Mills beats profit estimates, reaffirming outlook despite sluggish sales and changing consumer patterns, underscoring resilience among consumer staples amidst economic uncertainties.
Amazon invests $1 billion to raise pay and improve health benefits for US fulfillment and transportation employees, aiming to retain labor amid tight market and improve operational reliability.
Ukraine expects a $3.5 billion fund next month to buy US weapons, continuing its defense effort amid ongoing conflict with Russia. US and allies remain key suppliers despite budget challenges.
Security breaches and controversies haunt US health agencies as former CDC director testifies on RFK Jr.’s vaccine policies causing public and political scrutiny of pandemic response and health governance.
Political fallout from Charlie Kirk assassination intensifies with charges filed seeking death penalty, congressional hearings scrutinizing social media and political rhetoric amid rising partisan tensions.
[ad_2]