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Markets hold steady near record highs amid mixed corporate earnings and cautious investor sentiment ahead of Fed Chair Powell’s upcoming Jackson Hole speech. Tech stocks face pressure as Nvidia and Palantir retreat, while Home Depot sales rise signaling consumer resilience despite tariff concerns.
After Air Canada’s flight attendants strike ends through a tentative agreement, the airline prepares for gradual resumption of flights amidst ongoing operational disruptions.
50% – Trump Administration’s expanded steel and aluminum tariff rate on over 400 additional products.
The Trump administration expands steel and aluminum tariffs significantly, encompassing hundreds of additional product categories, affecting multiple industries with increased trade barriers.
The U.S. government and SoftBank make major investments in Intel, signaling efforts to stabilize the chipmaker amid market challenges and boosting its stock performance.
Palo Alto Networks Earnings Beat Sparks Cybersecurity Confidence
Palo Alto Networks posted strong fiscal quarter results, beating revenue and earnings estimates, and issued optimistic guidance, signaling robust growth prospects in the cybersecurity sector.
More on marketwatch.com
Ongoing Ukraine peace talks involve high-level discussions facilitated by President Trump, Zelenskyy, European leaders, with plans for potential trilateral talks with Putin.
Major US retailers and companies including Home Depot face pressures from tariffs and changing consumer behaviors, while also demonstrating resilience through steady sales growth in smaller projects.
Viking Therapeutics Shares Plunge 35% on Mixed Obesity Pill Data
Viking Therapeutics stock crashed after mixed clinical trial results for its oral weight-loss drug, as investors reacted negatively despite some positive efficacy signals amid competition in the obesity market.
More on investors.com
Cybersecurity industry shows strength with Palo Alto Networks’ earnings beat and optimistic guidance, signaling growth amid rising cyber threats and AI advancements.
Cryptocurrency markets see volatility with stablecoins heating up, but some analysts express concerns over overheated Circle stock and crypto stocks selling off amid risk-off sentiment.
US expands steel and aluminum tariffs to more than 400 product categories, including consumer goods and industrial components, aiming to boost tariff revenue and support domestic manufacturing amid ongoing trade tensions.
Federal investigations intensify into Washington, D.C. police for alleged crime data manipulation and expanded federal criminal crackdowns, raising questions on enforcement and accountability.
AI technology continues to evolve with OpenAI launching lower-cost ChatGPT plans in India and CEO Sam Altman acknowledging possible AI market bubble risks despite its transformative potential.
We should get an equity stake for our money, so we’ll deliver better results for American industry.
— US Commerce Secretary Howard Lutnick
U.S. Treasury Secretary Scott Bessent highlights expected substantial tariff revenue increases from Trump’s tariffs, focusing on reducing national debt despite skepticism about tariff rebate checks.
Political developments include Trump administration’s immigration crackdown involving federal agents and police oversight controversies; legal battles on election and voting processes intensify.
Meta faces criticism over AI chatbot allowing inappropriate conversations with minors, leading to bipartisan backlash and regulatory scrutiny.
Major corporate consolidations proceed with Nexstar Media Group agreeing to acquire broadcast rival Tegna, aiming to strengthen its position in local news markets.
Inflation and economic data show mixed signals, with core inflation flaring up and complicating the Federal Reserve’s rate-cut expectations ahead of Jackson Hole symposium.
Air Canada strike impacts travelers severely before union and airline reach tentative deal, with continued cancellations despite strike ending.
US trade policy in flux as Trump administration expands tariffs and targets imports tied to forced labor, affecting steel, copper, lithium, and consumer goods.
US government and private investors move to invest in chip and semiconductor companies as Intel receives significant backing amidst strategic challenges in AI market.
US East Coast braces for Hurricane Erin with mandatory evacuations and severe weather threats from powerful Category 3 storm.
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