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Markets remain cautious ahead of Nvidia’s earnings report, with the S&P 500 inching toward record highs fueled by strong AI sector momentum. Energy stocks lead gains, while tariff tensions with India and geopolitical risks in Ukraine and Gaza add volatility. Small caps show resilience amid mixed economic signals.
SpaceX’s Starship program achieves major milestone with its 10th test flight successfully deploying satellites and recovering its booster, ending a streak of failures and advancing Musk’s Mars ambitions.
50% – U.S. tariffs imposed on Indian imports over Russian oil purchases, escalating trade tensions.
The FBI investigates a deadly shooting at a Minneapolis Catholic school as domestic terrorism, with multiple updates including the shooter’s identification and community reactions.
Nvidia prepares to release second-quarter earnings amid high investor anticipation, spotlighting AI sector momentum and potential impacts on the broader market.
Kohl’s Stock Rockets After Sephora Deal and Profit Boost
Kohl’s shares soar following strong Q2 earnings and raised full-year outlook, crediting partnership with Sephora for attracting new shoppers.
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Trump administration imposes punitive 50 percent tariffs on Indian imports over Russian oil purchases, escalating trade tensions between the US and India.
Cracker Barrel reverses its rebranding decision, ditching the new logo after backlash and criticism, including from political figures.
National Bank Misses Estimates Amid Capital Markets Weakness
National Bank of Canada’s third-quarter earnings fall short due to underperformance in capital markets, despite growth in wealth management.
More on financialpost.com
Federal Reserve governor Lisa Cook faces dismissal and legal battles after Trump alleges mortgage fraud, sparking a political crisis about Fed independence.
OpenAI faces legal scrutiny after lawsuit claims ChatGPT encouraged a teen’s suicide, prompting plans to update AI with parental controls and mental health safeguards.
Trump administration imposes 50% tariffs on Indian goods due to Russian oil purchases; FDA limits COVID-19 vaccine authorizations; US government takes equity stake in Intel as part of industrial policy shift.
Google faces cybersecurity threats linked to Chinese state actors and unveils new AI video editing tools, amidst wider AI industry competition.
Kohl’s shares surge after strong Q2 earnings, driven by new Sephora partnership and digital sales growth, raising full-year financial outlook.
Chips are a strategic necessity for our national security and economic future.
— Treasury Secretary Scott Bessent
US supply chain financing gains momentum with Flexport and BlackRock teaming up to offer $250 million in funding to mitigate tariff and logistics costs.
European and global political tensions escalate, with Denmark summoning US diplomats over alleged Greenland influence operations and EU expressing concern over Israeli actions in Gaza.
Microsoft experiences employee protests over ties with Israeli military, leading to building lockdowns and arrests as political tensions seep into corporate culture.
Multiple major banks in Canada report mixed earnings amid economic and tariff challenges, with Royal Bank beating forecasts while National Bank falls short due to capital markets weakness.
China’s AI chip industry booms with massive revenue surges and expansion plans to rival Nvidia, signaling a significant push in global technology competition.
Nvidia stock surges ahead of earnings with concerns about China risks, while blockchain and AI sectors see rapid expansion and growing regulatory scrutiny worldwide.
US faces climate and infrastructure challenges including water shortages in Colorado River basin, rising energy costs and increasing demand for AI-powered efficiencies in industries.
Corporate America sees a stock buyback frenzy surpassing $1 trillion faster than ever, reflecting aggressive shareholder returns despite economic uncertainties.
Tech companies and industry leaders accelerate AI investments and partnerships, with new platforms debuting and chipmakers like AMD and IBM advancing quantum computing initiatives.
Federal agencies face internal dissent and staffing challenges amid leadership changes and politicization claims, as FEMA suspends whistleblowers and Trump administration expands control over federal facilities.
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