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Markets opened risk‑off as tech and AI names sold off and investors positioned for a messy payrolls print. The S&P 500 and Nasdaq led declines while the Dow held up better; volatility ticked higher as bond yields and oil prices reacted to geopolitical and central‑bank signals.
The Fed has begun sizable balance-sheet operations even as critics flag ‘phantom inflation’ skewing policy. These pieces explain how the central bank’s less-visible reserve purchases and dissenting voices may matter more than headline cuts.
19.5 billion – Ford’s EV writedown, largest U.S. auto charge this year.
Japan’s central bank is preparing large, cautious asset sales while signaling higher interest costs ahead. Markets must price both a decades-long ETF unwind and the first serious rate-rise cycle in decades.
Nasdaq is moving to extend trading hours to satisfy global demand, a structural change that could reshape liquidity and trading patterns. Firms and regulators are preparing for near‑round‑the‑clock U.S. equity access.
Chai Discovery raises $130m Series B at $1.3bn valuation
OpenAI‑backed Chai Discovery hits unicorn status after a $130m Series B, signaling investor appetite for AI‑driven drug discovery and validating the model‑first biotech playbook.
More on benzinga.com
Ford’s strategic U‑turn on big EVs forces a huge writedown and product rethink. The company will pivot to hybrids and new battery businesses while retooling its flagship truck strategy.
iRobot’s Chapter 11 filing marks a dramatic end for a household robotics pioneer and underscores supply‑chain and competition pressures. The company will be taken private as part of the restructuring.
CoreWeave market value plunges $33bn amid delays and scrutiny
CoreWeave lost about $33bn in market value over six weeks after data‑center construction delays and critical short‑seller reports, raising fresh questions about AI infrastructure risks.
More on wsj.com
Luminar, a leading lidar supplier for autonomy, has filed for bankruptcy and is selling assets. The filings signal stress across the self‑driving supply chain and force buyers to pick up technology cheaply.
Australian officials say the Bondi Beach massacre was ideologically motivated and are moving to tighten gun rules. The attack has immediate political and regulatory fallout as the country debates stricter controls.
EU signals rollback of the 2035 combustion‑engine ban; Australia is moving to tighten gun laws after the Bondi attack; U.S. regulators are preparing scrutiny for new fintech bank charters (PayPal) and longer trading hours (Nasdaq).
Authorities continue the manhunt after a mass shooting at Brown University while the FBI offers a reward. The investigation remains active and the search for the suspect is intensifying.
Negotiators report progress in Ukraine peace talks, with Washington offering security guarantees, but key territorial disputes remain unresolved. The developments could reshape Western support and the battlefield calculus.
“Fentanyl is a weapon of mass destruction.”
— President Donald Trump
Hong Kong’s high‑profile national security trials continue to tighten Beijing’s grip on dissent. Convictions of media tycoon Jimmy Lai underline legal and political risks for press freedom and investors.
Nvidia doubles down on open models and infrastructure with model releases and an HPC acquisition. The moves expand its software and workload-management reach across AI and supercomputing markets.
SpaceX is sounding out banks for a potential IPO, stoking speculation across aerospace suppliers and investors. Talk of a stock sale is already reshaping partner and supplier valuations.
Crypto markets are cooling as risk sentiment weakens ahead of key data; Bitcoin and altcoins have broken supports and forced liquidations. Technical cracks are feeding into broader risk-off flows.
The Pentagon and private partners are investing in US mineral processing capacity, drawing shareholder backlash at Korea Zinc. The dispute highlights geopolitics, defense demands and supply‑chain reshaping for critical metals.
WSP Global is bulking up its US capability with an acquisitive push into power and energy services. The takeover is part of a wider engineering consolidation trend amid infrastructure demand.
Markets are jittery as traders await the payrolls report and central-bank guidance. Tech and AI names led declines while fixed-income and rate expectations are being repriced ahead of the data.
Oil prices are reacting to fresh diplomatic momentum on Ukraine and shipping disruptions tied to Venezuela. Traders are pricing political progress and physical‑market dislocations into crude and tanker routes.
PayPal is moving to become a bank in the U.S., seeking a charter to expand lending and savings products. The filings reflect fintechs’ push to own deposits and reduce reliance on partner banks.
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