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Wall Street surged following Federal Reserve Chair Jerome Powell’s dovish Jackson Hole speech, with Dow and S&P 500 hitting record highs amid growing hopes for imminent rate cuts. Tech and crypto stocks led gains, reflecting renewed investor confidence despite ongoing geopolitical and trade tensions.
The U.S. government has acquired a 10% equity stake in Intel amid ongoing debates about the chipmaker’s future and broader industrial policy. This move aligns with President Trump’s aggressive interventionism in tech and trade.
10% – The U.S. government’s newly acquired stake in Intel, a landmark governmental equity intervention in the tech sector.
Federal Reserve Chair Jerome Powell signaled a potential interest rate cut in the near term, generating a surge in markets and crypto assets amid heightened economic uncertainty. His dovish tone contrasts with President Trump’s attacks on Fed independence.
President Trump escalates his confrontation with Federal Reserve officials, threatening to fire Governor Lisa Cook over fraud allegations and mocking Chair Jerome Powell after Jackson Hole. These attacks intensify political pressure on Fed independence.
Canada Drops Retaliatory Tariffs to Reopen Trade Talks with U.S.
In a conciliatory move amid trade tensions, Canada announced it will remove many retaliatory tariffs on U.S. goods, aiming to restore smoother economic relations.
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FBI raids target former Trump national security adviser John Bolton’s home and office as part of a national security probe, fueling tensions between the administration and critics within its ranks.
New York City approved Waymo to begin testing autonomous vehicles in Manhattan and Brooklyn, marking a significant step toward expanding robotaxi services on the East Coast.
Famine Confirmed in Gaza as Half a Million Face Starvation
UN-backed experts declare famine in Gaza City, warning that nearly a quarter-million face imminent death without urgent aid, exacerbating one of the world’s worst humanitarian crises.
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Canada announces removal of many retaliatory tariffs on U.S. goods amid stalled trade talks, aiming to ease tensions with the Trump administration while retaining tariffs on steel and autos.
Cryptocurrency markets jumped sharply after Fed Chair Powell hinted at upcoming rate cuts, with Ethereum and Bitcoin among the biggest gainers fueling a renewed risk appetite among investors.
Canada has announced rollback of many retaliatory tariffs on U.S. goods to restart stalled trade talks, but tariffs on steel, aluminum, and autos remain in place.
President Trump announced upcoming tariffs on imported furniture, escalating his trade policies and raising concerns across affected industries.
Ghislaine Maxwell’s DOJ interview transcripts reveal her stance denying any inappropriate behavior by Donald Trump and her belief that Jeffrey Epstein did not die by suicide, injecting fresh controversy.
“We have to be willing to fight fire with fire.”
— California Attorney General Rob Bonta
Cracker Barrel faced a sharp backlash and stock value loss following its divisive logo rebrand, highlighting the cultural tensions impacting corporate branding strategies.
Canada and the U.S. continue to negotiate tariff exemptions and trade adjustments under evolving USMCA terms to manage ongoing trade disputes and economic uncertainties.
Nvidia faces geopolitical headwinds as China orders companies to avoid its H20 AI chip, forcing a production halt amid ongoing tensions and export restrictions.
The famine crisis in Gaza officially confirmed, with over half a million facing starvation as international calls intensify for humanitarian access amid ongoing conflict.
Tesla upgrades its in-car AI assistant for Chinese market using tech from DeepSeek and ByteDance amid competition and regulatory scrutiny.
Spirit Airlines engages advisers to explore strategic options following faltering restructuring efforts, raising uncertainty over its future direction.
Canada’s Prime Minister Mark Carney announces tactical tariff rollbacks to restart trade negotiations with the U.S., signaling progress in easing trade tensions.
Meta partners with Google’s Midjourney AI in a $10 billion cloud deal to boost image and video model capabilities amid fierce AI competition.
Retailers like Walmart and Target confront rising costs from tariffs, impacting pricing strategies and customer discounts amid uncertain trade policies.
FBI intensifies political retribution with raids on Trump’s critics, including a high-profile search of former adviser John Bolton’s residence, escalating internal tensions.
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