Wall Street held steady near record highs with the S&P 500 edging up after a batch of mixed earnings. Nvidia’s blockbuster quarter was tempered by slowing AI chip growth and China tensions, weighing on tech. Retail showed mixed trends, with discount chains like Five Below surging while Best Buy cautioned on tariff risks. Energy prices softened ahead of seasonal demand declines.
Federal Reserve Governor Lisa Cook is at the center of a major legal battle after suing President Trump to block her unprecedented dismissal, highlighting concerns over Fed independence and political interference.
3.3% – Revised U.S. GDP growth rate for the second quarter, exceeding initial estimates.
Trump administration intensifies control over multiple federal agencies, including firing CDC Director Susan Monarez shortly after her appointment, sparking leadership turmoil and resignations at the agency.
U.S. economy shows stronger than expected growth in Q2, with revised GDP figures at 3.3%, reflecting resilience amid tariff-related volatility and boosted by increased business and consumer spending.
Five Below Surges, Lifts Full-Year Outlook as Shoppers Flock to Value
Discount retailer Five Below beat earnings estimates and raised its full-year guidance, capitalizing on rising demand from price-conscious consumers.
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Intel receives $5.7 billion government investment under Trump-backed deal as the White House works to finalize details, signaling increased federal support for the struggling chipmaker amid global competition.
Nvidia reports record-breaking earnings but warns of slowing growth after an unprecedented two-year AI boom, with tensions in China further clouding prospects amid export restrictions.
Tesla’s European Sales Plunge 40% as BYD Triples Market Share
Tesla faces a dramatic sales decline in Europe, losing ground rapidly to Chinese competitor BYD which saw registrations soar by 225%.
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Tesla’s European sales slide 40% in July as Chinese EV maker BYD triples registrations, marking a significant shift in market dynamics and intensifying competition in the fast-growing EV sector.
The U.S. government begins distributing key macroeconomic data on multiple public blockchains, including Bitcoin and Ethereum, aiming to boost transparency and innovation in data sharing.
European Union proposes tariff cuts on U.S. industrial goods to activate landmark trade deal; U.S. imposes steep 50% tariffs on Indian imports amid ongoing trade dispute.
Ford issues multiple vehicle recalls totalling nearly 500,000 units over brake fluid leak and instrument panel failures, raising safety concerns and regulatory scrutiny for the automaker.
Dollar General aggressively expands with nearly 4,900 new store projects in 2025, capturing value-conscious shoppers and challenging rivals Amazon and Walmart in rural delivery.
No president has ever sought to fire a Federal Reserve governor before—this challenge could reshape central bank independence.
— Legal Expert on Fed Governance
EU countries propose major tariff cuts on U.S. industrial goods to initiate the U.S.-EU trade deal, impacting autos and energy sectors, while raising hopes for eased transatlantic trade tensions.
Russian missile and drone strikes intensify on Kyiv, causing civilian deaths and damage, as Europe calls for tougher sanctions on Iran amid renewed nuclear tensions.
Major U.S. retailers face mixed fortunes as Best Buy struggles with tariffs despite strong sales and Dollar General thrives through value-focused expansion amid ongoing trade uncertainties.
Trump administration undertakes high-profile actions including firing Democratic Surface Transportation Board members to consolidate control amid major railroad merger reviews.
Major AI and tech firms, including Microsoft and Google, accelerate development and testing of foundational AI models and tools, intensifying rivalry and innovation in the AI landscape.
Online high-end fashion retailer SSENSE to seek creditor protection amid lender pressure to sell, reflecting strain in luxury e-commerce amidst challenging market conditions.
US manufacturing investment falters with clean tech project cancellations piling up, underscoring uncertainty and challenges in the sector’s transition to sustainable technologies.
Trade tensions escalate as the U.S. imposes 50% tariffs on Indian goods and threatens further sanctions, risking realignment of international economic partnerships and supply chains.
The Biden administration advances immigration enforcement operations, seeking military base support near Chicago and considering new deportation programs to Rwanda, stirring controversy and legal challenges.
Amid growing security concerns, Europe plans to boost NATO defense spending and reimpose sanctions on Iran, while Russia conducts aggressive attacks in Ukraine’s capital.