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US markets hover near record highs despite downward job revisions, fueled by hopes for aggressive Fed rate cuts. The S&P 500, Nasdaq, and Dow all posted gains, led by tech and AI-related sectors. Oil and gold prices rose on Middle East tensions and rate cut bets, while geopolitical risks drive select commodity moves.
Apple unveiled its iPhone 17 lineup including the new ultra-thin iPhone Air and updated AirPods Pro 3 with health features, aiming to boost its market amid ongoing trade tensions and AI competition.
911,000 – Number of US jobs removed in annual BLS payrolls revision
The U.S. Labor Department revised job growth data, revealing 911,000 fewer jobs created between April 2024 and March 2025, raising concerns about economic health and fueling pressure for Federal Reserve rate cuts.
Supreme Court fast-tracked several cases related to Donald Trump’s authority, including challenges to his sweeping tariffs and control over independent agencies, signaling major legal and economic implications.
GameStop Posts Fifth Straight Quarterly Profit, Sales Jump 22%
GameStop defies retail headwinds with strong Q2 earnings and a 21.8% sales increase, marking sustained profitability amid industry challenges.
More on breakingthenews.net
Israel launched airstrikes targeting Hamas leadership in Doha, Qatar, escalating regional tensions and prompting international condemnations and warnings about the broader conflict’s impact.
The mining sector sees a major merger with Anglo American and Teck Resources agreeing to combine, forming a $53 billion copper giant amid rising demand for critical minerals.
Ford Recalls 1.5 Million Vehicles over Rearview Camera Defect
Ford issues massive recall for nearly 1.5 million cars due to rearview camera failures, posing safety risks and financial strain.
More on abcnews.go.com
Nebius Group secures a multi-billion-dollar GPU infrastructure deal with Microsoft, fueling its AI cloud growth ambitions and boosting its stock amid growing AI infrastructure demand.
Ford is recalling nearly 1.5 million US vehicles due to a rearview camera defect affecting driver visibility, marking a significant safety and financial challenge for the automaker.
Supreme Court fast-tracks decisions on Trump’s tariffs and executive powers; mass ICE operations expand in Chicago; Massachusetts proposes faster environmental reviews for housing.
Oracle surprises markets with strong cloud growth outlook and raises revenue forecasts despite missing quarterly revenue estimates, pushing shares significantly higher.
GameStop reports fifth consecutive profitable quarter, driven by a 21.8% rise in Q2 net sales to nearly $1 billion, signaling resilience amidst industry challenges.
Companies not embracing AI fast enough will get left behind.
— OpenAI CFO
The Biden-era jobs boom has been overstated with the Bureau of Labor Statistics admitting a record 911,000 fewer jobs were added, intensifying criticism over economic data reliability.
The Trump administration launched an expanded Immigration and Customs Enforcement operation in Chicago, stirring political pushback amid concerns over federal immigration enforcement tactics.
Apple’s services division hits record revenue, complementing its hardware sales and reflecting its growing ecosystem’s strength in subscription and digital content businesses.
Bank of America’s AI assistant Erica surpasses 3 billion customer interactions, showcasing growing adoption of AI-driven tools in banking to improve customer experience and efficiency.
JPMorgan CEO Jamie Dimon warns of a weakening U.S. economy amid downward-revised jobs data, signaling cautious outlook ahead for markets and policymakers.
The U.S. Supreme Court rules in favor of President Trump, allowing him to dismiss Federal Trade Commission members, expanding executive control over independent agencies.
Cracker Barrel suspends and then halts restaurant renovations following customer backlash against rebranding and logo changes, impacting its customer sentiment and stock performance.
Microsoft mandates office return policy requiring employees to work in office three days a week starting in early 2026, tightening remote work flexibility.
Walmart announces a new healthcare partnership to improve access to affordable medicine, marking a strategic push into health services for its customers.
Gen Z-led protests in Nepal triggered by a social media ban turned deadly, leading to at least 19 deaths and prompting the resignation of the prime minister amid nationwide unrest.
SpaceX made a $17 billion push into the direct-to-cell satellite market, aiming to dominate connectivity by linking satellites directly to mobile phones, reflecting aggressive tech expansion.
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