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Markets slip as tech stocks drag the Nasdaq lower—Nvidia and Palantir lead declines amid AI market jitters. The S&P 500 follows suit while Dow holds flat. Investors await Fed minutes and Powell’s Jackson Hole speech for direction amid inflation worries and ongoing geopolitical tensions.
Trump intensifies his attack on Federal Reserve Governor Lisa Cook with repeated calls for her resignation amid mortgage fraud allegations, sparking political and regulatory tensions around the central bank.
60,000 – Israeli reservists called up for expanded Gaza operation.
Target undergoes leadership change as longtime CEO Brian Cornell steps down amid ongoing sales slump and customer boycott related to DEI issues, with insider Michael Fiddelke named as successor.
US government and key investors, including SoftBank, discuss acquiring equity stakes in major chipmakers like Intel to strengthen domestic semiconductor industry amid geopolitical and tech competition.
SoftBank Pumps $2 Billion Into Intel, Spotlights Tech Revival
SoftBank’s $2 billion investment in Intel boosts chipmaker’s valuation amid talks of US government stake, fueling optimism in semiconductor sector.
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Walmart recalls frozen shrimp across multiple states due to potential radioactive contamination detected by the FDA, prompting consumer safety concerns and regulatory action.
Fed minutes reveal divided policymakers worried about inflation, tariffs, and labor market stability as rate cuts remain uncertain, reflecting cautious monetary policy stance ahead of upcoming decisions.
Walmart Recalls Frozen Shrimp Over Radioactive Contamination Fears
Walmart pulls frozen shrimp sold in 13 states after FDA flags potential radioactive contamination, sparking consumer safety concerns.
More on pbs.org
Israel intensifies military operations with approval of Gaza City offensive plan and mobilization of tens of thousands of reservists, raising geopolitical tensions and concerns over conflict escalation.
Technology stocks, including Nvidia and Palantir, suffer notable selloffs amid AI market concerns and critical reports, causing broader risk-off sentiment on Wall Street.
Federal Reserve policy remains cautious amid inflation and tariff concerns, with prominent calls within the administration for leadership changes at the Fed.
Google unveils next-generation Pixel 10 smartphone series featuring advanced AI capabilities and Gemini assistant, aiming to outpace competitors in AI-powered mobile technology.
Air Canada reaches tentative agreement with flight attendant union, ending strike and beginning a slow resumption of full airline operations after significant disruption to service.
There is nothing scary about digital asset innovations; the future demands we embrace technology and innovation.
— Fed Governor Christopher Waller
Federal Reserve Governor Lisa Cook faces mounting pressure from Trump administration officials and allies to resign over mortgage fraud accusations, intensifying political scrutiny on the Fed.
Target’s shares plunge following leadership overhaul and weak sales report with CEO Brian Cornell stepping down amid ongoing customer boycotts and sales challenges.
Tesla launches six-seat Model Y variant but Elon Musk hints it might never be released in the US, reflecting ongoing strategic and market considerations for the electric vehicle maker.
Citi investigates complaints against wealth head Andy Sieg after multiple allegations including bullying and harsh behavior emerged, prompting internal and legal scrutiny.
Oil prices rebound on larger-than-expected drawdown of U.S. crude stocks as market awaits further developments in Russia-Ukraine conflict and global supply-demand dynamics.
Amazon and Hertz partner to sell used cars directly via Amazon Autos, aiming to expand customer reach and boost profits for the rental-car operator’s vehicle sales business.
Judge denies multiple requests from Trump DOJ to release Jeffrey Epstein grand jury transcripts, maintaining confidentiality and triggering legal debate around high-profile case documents.
Federal Reserve Governor Christopher Waller urges embracing fintech and stablecoin innovation to modernize financial systems during FOMC discussions, signaling openness for technological advancement.
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