Stocks extended losses as investors anticipate Federal Reserve Chair Jerome Powell’s critical speech at Jackson Hole. Tech shares remain under pressure amid AI hiring freezes and regulatory scrutiny. The S&P 500 is down for five straight sessions, while energy and defense sectors show strength in a volatile market.
Nvidia’s executive visit to Taiwan highlights ongoing talks with the U.S. concerning new AI chip production in China, amid tensions over chip export restrictions.
22.9% – Taiwan plans to boost defense spending to 3.32% of GDP in 2026, a historic jump amid regional tensions.
U.S. and European Union finalize a trade framework deal, imposing a 15% tariff cap on EU goods, with commitments on energy and investment to rebalance ties.
Federal Reserve Chair Jerome Powell prepares to deliver his crucial Jackson Hole speech amid market uncertainty and White House pressure amid economic challenges.
Walmart Wins Over Shoppers Despite Tariff Headwinds
Walmart reported solid sales growth and continues gaining market share as it navigates tariff-driven cost pressures, showcasing strong resilience in consumer retail.
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Former President Donald Trump makes legal gains as a New York appeals court overturns a massive civil fraud penalty and faces ongoing political and judicial battles.
Walmart reports solid second-quarter earnings despite tariff-related cost pressures, continuing to win over shoppers with price strategies amid inflation concerns.
Nvidia Halts China AI Chip as Beijing Cracks Down
Nvidia suspends production of its China-specific H20 AI chip following government pressure, highlighting ongoing tensions in the tech supply chain amid U.S.-China tech rivalry.
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Meta faces a hiring freeze in its AI division after aggressive recruitment, as the tech giant adjusts amid spending scrutiny and evolving AI strategies.
Tesla under federal safety investigation over delayed reporting of crashes involving its Autopilot and Full Self-Driving technology, raising regulatory scrutiny.
U.S. and EU finalized a trade framework establishing a 15% tariff cap on European imports and detailed commitments on energy and digital trade, signaling reduced tariff tensions and enhanced cooperation.
Ukrainian forces continue to repel Russian drone attacks as tensions escalate, with Russia also reporting interceptions of Ukrainian drones overnight.
U.S. pauses issuance of work visas for foreign commercial truck drivers amid safety concerns following a fatal crash; the trucking industry faces tightening regulations.
Buying TSMC stock is ‘very smart,’ Nvidia CEO Jensen Huang said during his Taiwan visit, praising the semiconductor titan as one of history’s greats.
— Jensen Huang, Nvidia CEO
Air Liquide pursues expansion in Asia with a $3.3 billion acquisition of South Korea’s DIG Airgas, strengthening its industrial gases footprint in the region.
The legal controversy continues in New Jersey as a federal judge rules that Alina Habba, former Trump lawyer, was unlawfully serving as U.S. Attorney, raising questions about the administration’s appointments.
Anthropic, the AI startup, targets a massive $10 billion funding round, reflecting soaring investor interest and marking one of the largest raises in the AI sector.
Legal actions and regulatory scrutiny intensify around OpenAI’s ambitious growth and acquisition attempts, involving Elon Musk’s $97 billion bid and Meta’s cooperation questioned.
Tensions rise as Israel launches an intensified assault on Gaza City and approves West Bank plans amid mounting global condemnation and internal protests.
The commercial electric vehicle space heats up as startups like Nuro secure significant funding rounds backed by Uber and Nvidia, signaling strong market confidence.
Federal authorities continue stepping up investigations and enforcement on tech and transport sectors, including Tesla’s crash reporting and lawsuits against airlines for misleading seat sales.
Ukrainian national arrested in Italy amid ongoing investigations into sabotage of Nord Stream pipelines, adding a new twist in the geopolitical energy conflict.
Regulators and courts challenge Trump administration policies and appointments, including visa crackdowns, funding cuts, and executive appointments deemed unlawful.
Markets brace for volatility ahead of Fed Chair Powell’s speech, with tech stocks sliding and S&P 500 logging multiple days of losses amid uncertainty on rate cuts.
Major tech firms Google and Meta sign a multi-billion dollar cloud services deal fueling AI ambitions, underscoring the ongoing arms race in AI infrastructure.
Japan faces inflation pressures despite easing core rates, revises bond yield targets higher in budget plans amid economic uncertainty.