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Markets held steady amid Trump’s unprecedented firing of Fed Governor Lisa Cook. The S&P 500 and Nasdaq gained, led by chipmakers Nvidia and AMD, as investors weigh AI earnings outlooks against concerns over Fed independence and rising US tariffs. Bond yields steepened, reflecting uncertainty over central bank policies.
Cracker Barrel reverses logo change after consumer and political backlash, highlighting the impact of cultural controversies on corporate branding.
10.5% – Average body weight reduction in Eli Lilly’s latest obesity pill trial
President Trump escalates conflict with Federal Reserve by attempting to fire Governor Lisa Cook, prompting legal challenges and market uncertainty around central bank independence.
Trump’s expanding crypto and media ventures include strategic partnerships with Crypto.com, signaling aggressive growth in digital asset holdings and treasury management.
Okta Raises Forecast on Surging Cybersecurity Demand
Okta exceeded Q2 earnings expectations and raised its full-year guidance, benefiting from increased demand for cybersecurity tools amid growing AI adoption.
More on investors.com
SpaceX presses forward with Starship testing despite previous delays, aiming to overcome technical and weather challenges for advancing spaceflight capabilities.
US and allies deepen defense ties and arms sales amid geopolitical tensions, including significant military sales and concerns about global conflict risks.
Canada Post Posts Record $407M Loss, Blames Labour Troubles
Canada Post reported its worst-ever quarterly loss due to ongoing labour strife impacting parcel volumes and revenues, signaling financial distress for the Crown corporation.
More on theglobeandmail.com
Technology firms face mounting challenges in AI, cybersecurity, and regulatory environments with both setbacks and innovations shaping the sector’s next phase.
US tariff policies intensify trade tensions with India and other nations, with new duties expected to impact energy imports and manufacturing sectors.
US Commerce Secretary signals possible Pentagon equity stakes in defense contractors; US to impose tariffs on Indian imports including Russian energy; de minimis tariff exemption for low-value imports ends.
Nvidia stands at a market and AI crossroads as upcoming earnings tests investor confidence amid concerns of valuation and geopolitical exposure.
Significant IPOs and startup developments underscore ongoing innovation and investor interest in AI, quantum computing, and blockchain sectors.
I will not resign — the independence of the Federal Reserve must be preserved.
— Federal Reserve Governor Lisa Cook
Consumer confidence dips amid job market worries and tariff impacts, reflecting continued economic uncertainty in the US.
Apple prepares for a major event on September 9, expected to unveil the iPhone 17 and other new products, aiming to revive investor optimism.
Automotive and aerospace industries see major deals and challenges as Korean Air orders Boeing jets and some manufacturers face sales pressure.
Energy transition and climate impact persist as Trump administration contests wind energy projects and global clean energy investments hit records.
Legal and regulatory battles escalate around AI ethics, data privacy, and emerging technologies with multiple lawsuits and policy reviews.
Financial markets reflect stability despite political upheaval, with indexes edging higher as investors weigh Fed disputes and economic data.
Social and cultural issues intersect with politics as debates over education, humanitarian concerns, and corporate culture dominate public discourse.
Major tech companies expand AI capabilities while facing operational and competitive hurdles in cloud, gaming, and hardware markets.
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