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Wall Street edges higher as the S&P 500 hits record highs ahead of Nvidia’s earnings report. Tech shares show mixed reactions amid AI growth concerns and geopolitical trade tensions. Energy and industrial stocks gain, while semiconductor stocks trade cautiously reacting to Nvidia’s cautious outlook.
Microsoft terminates employees involved in protests and break-in at president’s office, highlighting internal unrest at the tech giant.
56% – Nvidia’s second-quarter revenue growth driven by AI demand.
US President Donald Trump enforces steep tariffs on India, significantly impacting bilateral trade and escalating geopolitical tensions.
Ongoing Russia-Ukraine conflict intensifies with Russian strikes on Kyiv and Ukraine’s retaliatory attacks on Russian infrastructure.
Qantas Shares Hit Record High on $2.4 Billion Profit Boost
Australian airline Qantas soared to a record share price after posting a $2.4 billion profit, driven by strong travel demand and robust earnings.
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Philippines extends its aggressive monetary easing with further rate cuts to support economic growth amid low inflation.
European and global markets respond to Nvidia’s earnings amid mixed investor sentiment and broader concerns on AI sector growth.
Meituan Profit Plunges 97% Amid ‘Irrational’ Delivery Price War
Chinese food delivery leader Meituan saw profits collapse due to intense competition and price wars, signaling deep challenges in the sector.
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Major Chinese companies and industries face impacts from trade tensions and domestic challenges including steel output and wine sales.
Nvidia’s AI-driven growth shows signs of slowing amid US-China trade tensions and cautious market reactions after earnings report.
Trump administration takes control of Union Station in Washington, reducing Amtrak’s management role; FDA narrows Covid booster approvals while revoking emergency use authorizations.
Union-related labor actions escalate with UAW strikes at major manufacturing plants and votes to unionize key facilities.
Microsoft CEO Nadella integrates GPT-5 into daily workflows while company faces employee protests; AI adoption reshapes tech culture.
“Chips are a strategic necessity,”
— US Treasury Secretary Scott Bessent on government stake in Intel
CDC director Susan Monarez is ousted days into her tenure amid controversy, triggering upheaval within the agency’s leadership.
Tesla struggles to retain EV market share in Europe as Chinese rival BYD surges, signaling shifts in the electric vehicle landscape.
European new car registrations jump 7.4% in July, indicating a rebound in the automotive sector despite global trade headwinds.
U.S. government takes control of Washington, D.C.’s Union Station, marking increased federal involvement in local infrastructure.
Hong Kong tycoon Jimmy Lai’s security trial concludes as the city awaits verdict amid ongoing political and legal tensions.
Ukrainian officials report heavy Russian drone losses as aerial assaults intensify amid strategic developments on the ground.
Financial sector braces for impacts of global tariffs and trade disruptions while companies navigate inflation and slowdowns.
Nvidia stock faces volatility despite strong earnings as market weighs AI bubble risks, geopolitical issues, and slowing growth.
U.S. President Trump intensifies attacks on Federal Reserve independence, fueling market fears and political contention.
Minneapolis Catholic school shooting leaves multiple casualties, prompting official investigations and community outrage.
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