Wall Street ended mostly lower amid tech stock declines and Fed minutes showing inflation worries trumping employment concerns. Nasdaq slid 1.4% after AI sector jitters, while S&P 500 and Dow fluctuated as retailers brace for slow holiday sales. Tariffs and geopolitical tensions continue to weigh on market sentiment.
Meta clamps down on AI hiring amid costly talent wars and investor concerns as internal restructuring signals uncertainty in its AI ambitions.
60,000 – Israeli reservists called up for Gaza City assault
Target faces leadership shakeup with CEO stepping down amid weak sales and attempts to revive its retail position through an insider’s promotion.
Federal Reserve faces intense political pressure as President Trump calls for the resignation of Governor Lisa Cook amid mortgage fraud accusations and internal disputes.
AIA Profit Surges 12% on Mainland Visitor Insurance Buoyancy
Asia’s largest insurer AIA Group reports a robust 12% rise in first-half profit driven by burgeoning mainland Chinese customer purchases during visits.
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Israel launches broad military operations on Gaza City with mobilization of 60,000 reservists marking an escalation in conflict.
Federal Trade Commission takes legal action against LA Fitness over gym membership cancellation policies deemed excessively difficult for consumers.
Target CEO Steps Down as Sluggish Sales and Boycotts Hit
Target chief Brian Cornell to step down amid falling sales and consumer backlash tied to tariff pressures and scaling back diversity initiatives.
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Nvidia faces regulatory pushback in China, but demand for its AI chips among Chinese tech giants remains strong despite government warnings.
Hong Kong company Ming Shing signs a $483 million deal to purchase Bitcoin, boosting investor interest and trading volumes in the region.
US Commerce Department hikes steel, aluminum tariffs on 400+ products, including wind turbines and EV parts, affecting multiple industries.
Intel’s stock tumbles amid search for new investors, while US officials consider taking ownership stakes as support for chipmakers grows.
Google positions itself ahead in the AI smartphone race with Pixel 10 launch featuring enhanced AI capabilities and celebrity endorsements.
We must not be bullied to step down under unproven allegations.
— Federal Reserve Governor Lisa Cook
Cryptocurrency market shows signs of recovery with Bitcoin and Ethereum ETFs debuting in Hong Kong amid stablecoin regulatory developments.
Texas GOP passes redistricting maps boosting party’s House seats, while Democrats and key governors raise warnings amid fierce political fight.
Several U.S. retailers, including Target, report cautious consumer spending forecasts, triggering concern about a sluggish holiday sales season.
Federal Reserve July meeting minutes reveal split views on inflation risks with tariffs overshadowing employment concerns, maintaining steady rates.
Walmart recalls frozen shrimp sold in 13 states over potential radioactive contamination, prompting FDA warnings and consumer concerns.
Trump administration intensifies steps to reshape federal agencies and government oversight, including slashing intelligence office workforce and security clearances.
Coinbase CEO and crypto figures remain bullish predicting Bitcoin could hit $1 million by 2030 fueled by emerging regulatory clarity and growing institutional support.
AI-powered companies secure large funding rounds to accelerate robotics and healthcare automation, indicating growing investor confidence in applied AI sectors.
Major tech stocks slide after cooling AI enthusiasm triggered by critical MIT report and cautious outlooks, sparking concerns over sector’s near-term gains.