Markets remain cautiously optimistic as major indices like Nasdaq and S&P 500 near record highs amid speculation of upcoming Federal Reserve rate cuts. Political uncertainty in France and immigration enforcement actions in the US inject volatility, while tech and AI sectors show mixed momentum following large funding rounds and deals.
The Murdoch family resolves a long-running media empire succession battle, cementing Lachlan Murdoch’s control over Fox News and other assets, ensuring conservative leadership continuity.
60% – Nebius stock surge after signing up to $20 billion Microsoft AI cloud deal
French political crisis intensifies as Prime Minister Francois Bayrou loses confidence vote, pushing France into deeper uncertainty with potential economic ramifications.
South Korean workers detained during a U.S. immigration raid at a Hyundai plant in Georgia strain bilateral ties, causing political backlash and urgent diplomatic efforts.
Cognition AI Raises $400 Million at $10.2 Billion Valuation
AI software firm Cognition AI secures $400 million in funding, doubling its valuation within months and signaling strong investor confidence in its growth prospects.
More on pymnts.com
Nebius, an AI infrastructure company backed by Nvidia, secures a major multi-year deal with Microsoft valued up to $20 billion, causing its stock to soar significantly.
US political and judicial developments continue with Supreme Court allowing President Trump to fire FTC commissioner temporarily and ruling in favor of immigration enforcement arrests.
French Government Collapses After Bayrou Confidence Vote
France plunges deeper into political turmoil as Prime Minister Francois Bayrou loses confidence vote, stoking fears of prolonged economic and governance instability.
More on cnbc.com
Trump administration intensifies immigration enforcement operations in major US cities, including Chicago, despite local government pushback, escalating federal-local tensions.
The digital asset market sees regulatory and market activity with Nasdaq seeking SEC approval for tokenized securities trading and Grayscale filing for a Chainlink ETF.
Supreme Court rulings temporarily uphold Trump administration’s authority to fire FTC commissioners and continue immigration enforcement pauses in California amid ongoing legal challenges.
Tesla faces challenges as U.S. EV market share drops to lowest since 2017 amid rising competition, while unveiling new energy storage products to diversify its offerings.
Apple prepares for its annual event unveiling the iPhone 17 and other products amid ongoing trade war concerns that could affect pricing and investor sentiment.
Fed’s independence is in the best interest of the President.
— Neil Kashyap, Booth School economics and finance professor
Anglo American and Teck Resources negotiate a mega merger to create a global critical minerals giant, signaling major consolidation in the mining industry.
France’s political turmoil, with repeated government collapses and rising sovereign borrowing costs, fuels uncertainty across European markets and global investors.
US job reports point to a slowing labor market with downward revisions, contributing to speculation about Federal Reserve rate cuts and increased market volatility.
Murdoch family finalizes a $3.3 billion settlement that settles trust and succession disputes, consolidating Lachlan Murdoch’s leadership over media empire assets.
OpenAI research reveals reasons behind ChatGPT’s hallucinations, offering insights into AI limitations and ways to reduce false outputs in language models.
China faces slowing exports to the US amidst ongoing trade tensions, while diverse global geopolitical and economic shifts impact international trade dynamics.
Significant immigration raids create diplomatic tensions and public controversy, with Trump administration expanding enforcement actions against undocumented workers in key states.
Energy sector consolidation accelerates with companies like TotalEnergies and EGAS making strategic LNG and gas exploration agreements amid global market shifts.
AI firms like Cognition AI and Anthropic raise hundreds of millions in funding rounds, marking booming investor confidence and rapid expansion in the artificial intelligence sector.
Several major IPOs and public offerings are underway in the tech and crypto sectors, including StubHub aiming for $9 billion valuation and Klarna seeking to raise IPO price amid strong demand.
Major U.S. energy and technology deals highlight market optimism, with Elon Musk’s SpaceX acquiring $17 billion in wireless spectrum and Nvidia’s stock facing AI growth challenges.