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Markets closed near records as investors priced in Fed rate cuts amid steady inflation and rising jobless claims. Technology and AI-related stocks led gains while geopolitical tensions and corporate earnings stirred volatility.
Paramount Skydance aims to acquire Warner Bros. Discovery in a blockbuster bid backed by the Ellison family. This potential takeover could reshape the media landscape, bringing major studios and networks under one roof.
46,000 – Dow Jones Industrial Average crosses record high, signaling strong market optimism.
Suspect Tyler Robinson is in custody for the assassination of conservative activist Charlie Kirk, sparking nationwide political tensions and calls for increased lawmaker security.
Tether launches USA₮ stablecoin targeting US market with leadership from ex-White House crypto advisor Bo Hines, marking a strategic expansion of stablecoin offerings.
Figure IPO Opens Strong, Soaring 30% on Debut
Blockchain lender Figure Technology dazzled investor sentiment with a robust Nasdaq debut, marking significant fintech market interest and reinforcing blockchain finance optimism.
More on fortune.com
Hyundai’s battery plant launch in Georgia faces delays after a US immigration raid caused worker shortages and operational setbacks.
US consumer sentiment dips amid inflation concerns and job market worries, pressuring Federal Reserve rate cut hopes despite ongoing economic uncertainty.
Hyundai Battery Plant Launch Delayed Amid ICE Raid Fallout
Hyundai’s ambitious battery plant in Georgia faces a 2-3 month startup delay due to a recent immigration raid disrupting operations and workforce availability, challenging manufacturing schedules.
More on edition.cnn.com
Adobe beats earnings estimates with AI-driven revenue growth, reflecting increasing investor confidence in AI’s contribution to software sales.
Bitcoin ETFs continue to attract massive inflows, extending a bullish streak as crypto markets gain renewed institutional interest.
Microsoft agrees to unbundle Teams from Office suites in EU, settling a long-running antitrust probe and avoiding fines with compliance commitments.
Senate GOP invokes ‘nuclear option’ to push through Trump nominees, breaking gridlock and accelerating confirmations in a politically charged environment.
Russia cuts interest rate to 17% as wartime economy slows and fiscal deficit grows, signaling economic stress amid ongoing geopolitical tensions.
We’re clearly behind our plan in certifying the 777X, but safety and quality remain our top priorities.
— Kelly Ortberg, Boeing CEO
Stock markets edge higher, fueled by optimism over upcoming Fed rate cuts and strong corporate earnings, though volatility persists ahead of economic data releases.
Paramount Skydance’s bid for Warner Bros Discovery stirs media merger debates amid the industry’s struggles with consolidation.
Jim Cramer spots AI-driven acceleration in Nvidia and Oracle stocks, signaling sustained investor enthusiasm for technology sector growth.
US Immigration and Customs Enforcement raids at battery plants spark controversy and worker departures, highlighting tensions between immigration enforcement and manufacturing investment.
Microsoft settles long EU antitrust probe by agreeing to unbundle Teams from Office suites, avoiding fines but committing to years of oversight.
US Treasury and G7 allies push for tariffs on China and India due to their Russian oil imports, escalating geopolitical trade tensions.
Blockchain lender Figure Technology makes a strong Nasdaq debut with shares soaring, reflecting growing investor appetite for fintech innovations.
Nvidia’s AI server tech receives boost from Super Micro, lifting stocks as the industry races to capitalize on AI infrastructure demand.
US House Appropriations Committee advances NASA funding amid veto risk, continuing federal budget negotiations under tight deadlines.
Fed rate cut expectations build as inflation persists and jobless claims climb, signaling the likelihood of easing monetary policy soon.
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