U.S. markets advanced with the Nasdaq hitting new records fueled by bets on Federal Reserve rate cuts. The S&P 500 rose modestly while investors digested mixed inflation data and geopolitical tensions. Safe havens like gold surged, and tech and AI-related stocks led gains amid cautious optimism.
The Murdoch family resolves its long-standing succession dispute, cementing Lachlan Murdoch’s control over the media empire including Fox News and The Wall Street Journal.
60% – Nebius stock surge after $17.4 billion AI infrastructure deal with Microsoft.
Nebius signs multiple multibillion-dollar AI infrastructure deals with Microsoft, leading to dramatic stock rallies fueled by Nvidia-backed AI computing partnerships.
South Korea reacts strongly to massive U.S. immigration raids at Hyundai plant in Georgia, causing diplomatic tensions and concerns among investors and workers.
Databricks Confirms $100 Billion Valuation With $4 Billion Revenue Forecast
Databricks secured a fresh $1 billion funding round, reaching a $100 billion valuation and projecting $4 billion in revenue, showcasing robust growth in AI and data analytics.
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Israeli authorities promise retaliation following deadly gunmen attacks in Jerusalem, escalating tensions in the region with multiple casualties.
French Prime Minister Francois Bayrou loses a critical confidence vote, plunging France deeper into a political crisis and prompting search for a new leader.
French Government Collapses Following Confidence Vote Defeat
Prime Minister Francois Bayrou’s government fell after losing a confidence vote, deepening France’s political and economic uncertainties amid debt crisis fears.
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Robinhood surges into the S&P 500 index following soaring shares fueled by cryptocurrency demand and increased investor interest.
Supreme Court validates Trump’s authority to fire an FTC commissioner, reinforcing presidential power over agency appointments despite legal challenges.
Supreme Court allows Trump administration to continue immigration ‘roving patrols’ in California, pauses FTC commissioner reinstatement amid ongoing legal challenges.
U.S. stock markets edge higher as rate-cut bets build, with Nasdaq hitting new records ahead of key inflation and jobs data expected to influence Fed policy.
Trump administration releases a controversial birthday note and drawing allegedly from Donald Trump to Jeffrey Epstein, fueling political scandal and investigations.
“Right here? Right now? The election is tomorrow? He wins it.”
— Citadel CEO Ken Griffin on Trump’s election prospects
SpaceX strengthens its Starlink service with massive $17 billion wireless spectrum purchase from EchoStar, consolidating its role in next-gen cellular networks.
ANZ Bank plans significant layoffs, cutting 3,500 jobs within the next year as part of efforts to streamline operations amid shifting market conditions.
Anthropic agrees to pay $1.5 billion to settle copyright lawsuit over claims of unauthorized use of authors’ works for AI training, marking a landmark payout in the AI sector.
Consumer confidence on job prospects and the broader economy weakens sharply amid a tough labor market; the New York Fed shows record-low job-finding sentiment.
EchoStar stock soars after multiple spectrum sales including a $17 billion deal with SpaceX, fueling investor excitement about satellite and wireless communications growth.
Consumer credit spikes unexpectedly as credit card usage outpaces estimates, indicating strong consumer borrowing despite economic concerns.
JPMorgan warns of potential stock market pullback ahead of anticipated Federal Reserve interest rate cuts, signaling cautious investor sentiment.
Gold prices hit record highs fueled by Fed rate-cut expectations and sustained inflation worries, making bullion a favored safe haven for investors.
Economic and market uncertainties weigh on housing with a surge in sellers lowering prices or walking away as buyer shortages and slumping sales persist across markets.
Nvidia and Broadcom lead AI hardware advances as semiconductor sector commands multi-trillion-dollar growth potential, underscoring critical tech leadership roles.
Tesla faces headwinds as its U.S. electric vehicle market share falls to the lowest since 2017, challenging its dominance amid growing competition and changing consumer demands.