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Stocks show resilience amid looming US government shutdown fears, with S&P 500 and Nasdaq posting gains. Asian markets mixed amidst trade tensions and Chinese manufacturing contraction. Gold rallies to new highs as investors seek safe havens amid geopolitical and economic uncertainty.
US Government Shutdown Looms as Congress Deadlocks on Funding. Stock Markets and Economic Data Face Uncertainty Amidst Failed Negotiations.
70% – Probability of US government shutdown as indicated by prediction markets.
Trump Announces Tariffs on Furniture, Movies, and Heavy-Duty Trucks, Escalating Trade Tensions. Tariffs Target Key US Imports and Domestic Industries.
Electronic Arts to Go Private in Record $55 Billion Buyout Led by Saudi and Private Equity. Major Industry Shift Amidst Historic Deal.
Global Dividends Surge Amid Weak Dollar and Record Japan Payouts
Record high dividend payouts in the first half of 2025 fuel optimism for income investors despite a challenging global economic backdrop.
More on scmp.com
YouTube to Pay $24.5 Million to Settle Lawsuit Filed by Trump Over Account Suspension Following Capitol Riot. Settlement Ends Latest Legal Dispute.
China’s Manufacturing Activity Faces Continued Contraction Amid Trade Uncertainty, Though Slight Improvement Seen; PMI Data Highlights Economic Struggles.
Deloitte UK Reports First Revenue Decline in 15 Years Amid Consulting Slowdown
Deloitte UK’s latest annual revenue fell 1%, reflecting broader downward pressures in consulting services after years of growth.
More on businessinsider.com
Anthropic Releases Claude Sonnet 4.5, Latest AI Model Excelling in Coding and Autonomous Task Handling, Pushing AI Industry Forward.
Hong Kong Stock Market Sees Major Gains On Boost From Gold Prices and IPO Activity, With Zijin Gold Leading Second Largest IPO of The Year.
California inaugurates landmark AI transparency law requiring large AI companies to disclose security protocols and critical risk reports. U.S. expands export blacklist targeting Chinese subsidiaries to enforce trade restrictions more broadly.
US Stock Markets Show Resilience Despite Shutdown Fears; S&P 500 and Nasdaq Edge Higher as Investors Focus on Economic Data and Tech Sector Strength.
Federal Judge Blocks Trump Administration’s Plan to Cut Hundreds of Jobs at Voice of America; Court Orders Temporary Halt to Mass Layoffs.
“The competitive reality is that the Chinese are the 700-pound gorilla in the EV industry.”
— Jim Farley, Ford CEO
Gold Hits Record High as Investors Seek Safe Havens Amid US Shutdown Fears and Geopolitical Risks; Dollar Weakness Further Supports Precious Metals.
Lufthansa to Cut 4,000 Jobs by 2030, Leveraging AI and Digitalization to Improve Efficiency; Airline Group Targets Stronger Profitability with Restructuring.
US Federal Reserve Officials Express Caution on Interest Rate Cuts Amid Sticky Inflation; Market Eyes Upcoming Economic Reports Impacted by Possible Shutdown.
Tesla Faces Challenges in European Market Sales While CEO Jim Farley Warns China Dominates EV Industry; Automakers Battle Shrinking Demand and Policy Shifts.
Cybersecurity Incidents and Data Breaches Continue to Threaten Organizations Globally, Including Recent Large Hacks at FEMA and Japanese Brewer Asahi.
Banking and Financial Services Innovate with AI and Blockchain; Visa Pilots Stablecoin Use for Cross-Border Payments While Citi Integrates Token Platforms.
Microsoft and Bank of America Embrace AI to Enhance Client Services and Workflows, Pushing the Financial Sector Towards Digital Transformation.
US White House and NATO Focus on Military Support to Ukraine with €2 Billion Drone Funding and Enhanced Defense Initiatives Amid Ongoing Conflict.
Retail and Consumer Trends Show Mixed Signals; ASOS Sees Earnings Pressure, McDonald’s Revives Monopoly Game, and DoorDash Expands Kroger Partnership.
Asian Markets and Economies Struggle Amid Trade Tensions and Tariffs, While China Faces Manufacturing Slump and Private Firms Rethink Investment Plans.
Regulatory Changes and Enforcement Actions Impact Financial and Crypto Sectors; SEC Willing to Engage on Tokenized Assets While Crypto AML Platforms Emerge.
Electric Vehicle Industry Faces Headwinds Amid Consumer Demand Drop and Policy Shifts; Automakers Launch Programs to Extend EV Credit Benefits.
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