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US markets reached new record highs driven by stronger-than-expected GDP growth and robust tech earnings, especially from AI leaders like Nvidia. However, tariff tensions and geopolitical conflicts kept volatility in check, with mixed signals from retail and manufacturing sectors.
The evolving leadership turmoil and policy shifts at the U.S. Centers for Disease Control and Prevention (CDC) highlight significant political interference and concerns about public health governance under Health Secretary RFK Jr.
3.3% – Revised US GDP growth rate for Q2 2025, showing economic resilience.
Federal Reserve Governor Lisa Cook’s unprecedented legal challenge against President Trump’s attempt to remove her underscores rising tensions over central bank independence and political interference in U.S. monetary policy.
President Donald Trump intensifies his trade war by ending the long-standing ‘de minimis’ tariff exemption, causing global disruption in small package shipments and higher costs for consumers and businesses internationally.
Affirm Reports Earnings Beat with 33% Revenue Growth, Shares Surge
Buy-now-pay-later leader Affirm exceeded earnings estimates with a 33% revenue increase, buoying stock and signaling robust demand despite competitive concerns.
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Nvidia reports another quarter of record revenue and AI-fueled growth, but issues cautious guidance reflecting decelerating momentum amid rising geopolitical tensions and regulatory uncertainties.
US economy shows stronger than expected growth in the second quarter, with revised GDP data indicating resilience despite trade tensions and inflation concerns.
Tesla Sales Plunge 40% in Europe as Chinese Rival BYD Triples Registration
Tesla faces steep sales drops in Europe amid mounting regional competition, with Chinese EV maker BYD’s registrations tripling, highlighting shifting market dynamics.
More on euronews.com
President Trump continues to reshape federal regulatory boards and agencies, firing members of transportation regulation bodies amid ongoing infrastructure mergers and policy battles.
The ongoing conflict in Ukraine delivers devastating missile and drone strikes targeting Kyiv, killing civilians and damaging European Union missions, escalating geopolitical crisis.
The Trump administration permanently ended the ‘de minimis’ tariff exemption on small shipments valued under $800, igniting new tariffs and disrupting global e-commerce.
Trade tensions escalate as the US imposes high tariffs on India, impacting oil imports and sparking diplomatic efforts, with India boosting US oil purchases as it navigates the tariff environment.
Global financial markets respond to mixed earnings, AI developments, and federal rate cut expectations, with volatility amid optimism for tech stocks and concerns over regulatory and geopolitical risks.
The time has come for the US to lower interest rates — I would back a cut at the next Federal Open Market Committee meeting.
— Federal Reserve Governor Christopher Waller
Tech giants push AI innovation amid competition and rising spending, with Microsoft launching in-house models and Nvidia leading in AI chip demand despite cautious growth forecasts.
Cryptocurrency exchange and blockchain firms see surging volume and fundraising, while regulatory clarity is sought on foreign exchange access and stablecoin infrastructure expansion.
Automotive sector faces challenges with recalls and plunging sales for Tesla in Europe, while rivals like BYD grow, and traditional carmakers struggle with software development issues.
Retail and consumer stocks show mixed results amid tariff worries and shifting consumer spending, with companies like Gap and Best Buy facing pressure despite earnings beats.
US immigration enforcement intensifies with federal surge in cities and military support plans, reflecting heightened political focus on immigration policy and border operations.
Data breaches hit credit and data firms, exposing millions of customers’ information and raising alarm on cybersecurity across financial services.
Rising tariffs and trade disputes weigh on Canadian economy, prompting record deficits and stalling job market growth amid slowing exports to the US.
Military and defense sectors in Asia and NATO nations increase spending and production as geopolitical tensions escalate, with South Korea and Germany boosting budgets and facilities.
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