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U.S. stocks pulled back from record highs as tech shares stumbled and investors digested cautious signals from Federal Reserve Chair Jerome Powell, who highlighted a challenging economic outlook. The S&P 500, Nasdaq, and Dow all closed lower amid volatility, while gold surged to new record highs on geopolitical and inflation concerns.
Jaguar Land Rover is grappling with an extended production halt due to a severe cyberattack that has disrupted its entire supply chain and manufacturing operations.
100 billion – Nvidia’s $100 billion investment to boost OpenAI’s AI infrastructure.
The Trump administration’s new $100,000 H-1B visa fee is causing uncertainty among tech companies, with concerns over talent offshoring and industry disruptions.
OpenAI partners with Oracle and SoftBank to expand AI infrastructure with new Stargate data centers across the US, committing up to $500 billion in investments.
Micron Beats Estimates as AI Demand Fuels Memory Chip Surge
Micron Technology surprised markets, posting strong earnings and forecasting higher revenues driven by booming AI workloads, reinforcing its position in the semiconductor sector.
More on cnbc.com
Federal Reserve Chair Jerome Powell signals a cautious approach to further interest rate cuts amid balancing inflation risks and a softening jobs market.
President Donald Trump delivers a fiery and controversial speech at the UN General Assembly, criticizing the UN and calling for NATO to shoot down Russian aircraft violating airspace.
Jaguar Land Rover’s Cyberattack Shuts Down Production, Supply Chain
A large-scale cyberattack forced Jaguar Land Rover to halt all production, extending uncertainty for the UK’s automotive manufacturing sector and casting doubt on recovery timelines.
More on tech.co
Disney reverses course to reinstate Jimmy Kimmel’s late-night show after a six-day suspension amid backlash and affiliate stations boycotting the return.
Eli Lilly announces plans to build a $6.5 billion pharmaceutical manufacturing facility in Texas to boost production capacity for obesity and other drugs.
The Trump administration introduces a $100,000 fee for new H-1B visa applicants, aiming to prioritize higher-paid workers amidst ongoing immigration policy shifts.
Tether seeks to raise up to $20 billion through a private placement, aiming for a $500 billion valuation, making it one of the most valuable private crypto firms globally.
Micron Technology outperforms expectations with strong earnings and robust AI-driven memory chip demand, boosting investor confidence.
There is no risk-free path as we balance inflation and the jobs market.
— Jerome Powell, Federal Reserve Chair
Hong Kong’s stock market edges up on stimulus hopes despite typhoon disruptions, with key indices stabilizing amid regional economic concerns.
US Secret Service foils a major telecommunications threat in New York just ahead of the United Nations General Assembly, averting potential city-wide disruptions.
Tesla’s Chinese registrations surge ahead of upcoming Q3 global delivery report amid the impending expiration of US federal electric vehicle tax credits.
Bank of Montreal explores selling some US branches with about $6 billion in deposits, signalling strategic shifts post Bank of the West acquisition.
Nvidia commits up to $100 billion investment in OpenAI to expand AI data centers, underpinning a massive AI infrastructure buildout.
US Federal Reserve and Bank of Canada officials warn of complex balance between inflation control and economic growth risks amid ongoing policy challenges.
Jimmy Kimmel returns to late-night television amid ongoing affiliate boycotts and political tensions stemming from his suspension and controversial comments.
Trump shifts stance on Ukraine, openly supporting Kyiv’s ability to reclaim all territory lost to Russia, causing stir among international observers and allies.
Bitcoin and other cryptocurrencies stabilize after recent sell-off, while institutional adoption and ETF volume grow amid cautious market sentiment.
China advances its global gold influence by positioning itself as custodian of foreign gold reserves, adding pressure to traditional markets.
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