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Markets surged as Fed Chair Jerome Powell signaled a potential interest rate cut next month, lifting the S&P 500, Nasdaq, and Dow by nearly 2%. Investors remain cautious amid inflation concerns and mixed earnings, while tech stocks face volatility ahead of key reports.
President Donald Trump’s administration halts nearly completed offshore wind projects in New England, sparking political and regional backlash over national security claims.
10% – US government stake acquired in Intel amid tech sector turbulence.
Federal Reserve Chair Jerome Powell signals a possible future interest rate cut amid mixed economic signals, causing market rallies and stirring debate over Fed independence.
The US government takes a 10% stake in struggling Intel via previously awarded grants, stirring controversy over new investment claims and Intel’s market prospects.
Amazon Partnership Sends Hertz Stock Up 8% As US Pre-Owned Car Market Set To Hit $1 Trillion By 2030
Hertz shares jumped 8.5% following a strategic partnership with Amazon, signaling strong outlook for the booming US pre-owned car market.
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Nvidia faces investor scrutiny with upcoming earnings amid tensions over its AI chip sales to China and concerns of an AI bubble impacting stock performance.
European and Asian postal services suspend shipments to the US over the expiration of tariff exemptions amid trade tensions, causing global logistics disruptions.
Trump Halts Nearly Finished New England Offshore Wind Project
Trump administration’s stop-work order on an 80%-complete wind farm threatens clean energy progress and draws backlash from regional leaders.
More on fortune.com
Tensions escalate as Israeli airstrikes and gunfire in Gaza City cause fatalities amid a declared famine, raising humanitarian and military concerns in the region.
The FBI raids the home and office of former Trump adviser John Bolton amid an ongoing investigation, deepening political tensions surrounding the Trump administration.
Expiration of the US de minimis tariff exemption leads to suspension of many international postal shipments to the US, disrupting global trade and prompting tariff-related regulatory reviews.
Russia intercepts dozens of Ukrainian drones, escalating military tensions as conflicts continue between the nations.
Texas GOP advances new congressional maps favoring Republicans, with Governor Greg Abbott poised to sign them into law ahead of the 2026 midterms amid political battles.
Anybody who wants to buy Taiwan Semiconductor stock is a very smart person.
— Nvidia CEO Jensen Huang
President Trump threatens and targets Federal Reserve officials amid criticism, challenging the Fed’s independence and stirring political controversy over economic policy.
African Union endorses campaign to adjust world maps to reflect the true size of Africa, addressing longstanding distortions caused by traditional map projections.
US immigration authorities prepare to deport Kilmar Abrego Garcia to Uganda after he rejects plea offers, raising legal and human rights concerns.
Federal Reserve’s Jackson Hole symposium shows policymakers split on economic outlook as Powell’s dovish stance sparks markets but raises concerns about future inflation and growth.
Tesla’s Cybertruck faces poor sales but company tries pricing strategies amid ongoing challenges to its commercial success.
Markets shift as emerging signs of inflation growth, Fed policies, and corporate earnings create mixed sentiments among investors on the economic health and stock valuations.
Amazon’s strategic partnership and aggressive discounting boost consumer interest as the company expands offerings, impacting retail and stock performance.
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