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U.S. markets climb with S&P 500 and Nasdaq hitting new records, buoyed by cooler inflation data and Oracle’s blockbuster AI-driven earnings. Volatility remains subdued as tech stocks lead gains amid optimism for Fed rate cuts.
Larry Ellison’s surge in wealth propels Oracle to dethrone Elon Musk as the world’s richest person, driven by massive AI-driven growth and record stock gains.
$101 billion — Larry Ellison’s net worth gain in a day, surpassing Elon Musk
Oracle’s record-breaking earnings reinforce its position as a key AI cloud player, lifting shares sharply and making the company one of the most valuable in the S&P 500.
Trump faces legal setbacks as judges block his attempts to fire Fed Governor Lisa Cook, preserving her role amid ongoing appeals.
Amazon’s Zoox Rolls Out Robotaxi Service in Vegas, Ushering New Era of Urban Mobility
Amazon’s autonomous vehicle unit Zoox launches robotaxi rides in Las Vegas, marking a key milestone in the deployment of driverless technology and urban transport innovation.
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Sudden downward revisions in U.S. jobs data raise concerns about the actual health of the economy and the broader market implications.
Klarna’s highly anticipated IPO on the NYSE prices above expectations, raising $1.37 billion and marking a significant milestone in the buy-now-pay-later sector.
Novo Nordisk Slashes 9,000 Jobs Amid Crushing Competition in Weight-Loss Drug Market
Pharmaceutical giant Novo Nordisk announces major layoffs as competition from rivals like Eli Lilly intensifies, signaling tough times ahead for the obesity drug leader.
More on bostonherald.com
Poland shoots down multiple Russian drones in its airspace amid escalating tensions, becoming the first NATO member to take such defensive action during the Ukraine conflict.
Trump administration escalates pressure on pharmaceutical firms with crackdown on deceptive drug ads targeting consumers.
FTC to review healthcare non-compete agreements as regulatory scrutiny on employer practices intensifies.
Amazon’s Zoox launches autonomous robotaxi service in Las Vegas, marking a significant step in urban mobility and driverless technology adoption.
Novo Nordisk announces plans to cut 9,000 jobs amidst increased competition in the weight-loss drug market, indicating strategic restructuring efforts.
“The U.S. Federal Reserve must remain independent to protect our economy from political whims.”
— Federal Judge Jia Cobb
Supreme Court moves swiftly to consider the legality of President Trump’s sweeping tariffs, setting a high-stakes showdown with major economic implications.
Senate committee approves Stephen Miran, Trump’s Fed nominee, despite concerns about central bank independence.
Stock markets rally amid cooling inflation data, with S&P 500 and Nasdaq reaching record highs boosted by Oracle’s strong AI sector performance.
Meta faces internal strife over elite AI unit pay disparities and whistleblower claims of child harm cover-ups, highlighting challenges amid tech leadership tensions.
Tesla’s U.S. market share declines despite EV boom as competition intensifies and appeal wanes.
Poland and NATO respond decisively to Russian drone incursions, signaling heightened military alertness and alliance unity.
Federal judges block Trump’s efforts to fire Fed Governor Lisa Cook, highlighting judicial resistance to political interference in the independent central bank.
Trump proposes 100% tariffs on China and India, urging EU to join in pressuring Russia over Ukraine conflict as trade tensions escalate.
Homegrown AI firms and startups see major investments and expansions amid a global AI boom, sparking innovation and competition in emerging technologies.
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