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Markets remain cautious ahead of the Federal Reserve’s first rate cut of the year, with mixed trading across major U.S. indices. The S&P 500 and Dow hold near record levels amid anticipation of Fed action, while tech stocks react negatively to China’s AI chip ban. Energy and tech sectors lead movements, influenced by geopolitical tensions and regulatory developments.
The Ben & Jerry’s co-founder resigns after nearly five decades, citing the loss of the brand’s independence under Unilever, amid disputes over social activism and the company’s stifled voice on global issues.
$800 million – Amount raised by StubHub in its IPO debut.
FBI Director Kash Patel faces intense congressional scrutiny over his handling of the Charlie Kirk assassination investigation and related controversies surrounding the Epstein files.
Tyler Robinson, accused of murdering conservative activist Charlie Kirk, faces aggravated murder charges with prosecutors seeking the death penalty amid ongoing political fallout.
Elliott Management Stakes $2B in Workday, Stock Surges
Activist investor Elliott Management’s major stake in Workday signals strong confidence in the company’s AI-driven growth potential, boosting shares significantly.
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Bank of Canada announces first interest rate cut since March amid a slowing economy and lower inflation risks, reducing benchmark rate by 25 basis points to 2.5%.
Google’s parent company Alphabet reaches a $3 trillion market cap, fueled by strong AI ambitions and recent legal and market successes.
Tesla Under Federal Safety Probe Over Faulty Model Y Door Handles
Tesla faces scrutiny from U.S. safety regulators investigating reports that malfunctioning door handles on some Model Y SUVs trapped passengers, raising significant safety concerns.
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Nvidia CEO expresses disappointment over China’s ban on its AI chips, as Beijing moves to boost semiconductor self-reliance and bars major tech firms from buying Nvidia products.
Amazon announces a $1 billion investment to raise wages and reduce healthcare costs for its U.S. fulfillment and transportation workers, aiming to enhance employee compensation.
Bank of Canada resumes interest rate cuts, lowering benchmark rate to 2.5% as inflation cools and economic growth slows, signaling easing monetary policy stance.
Waymo partners with Lyft to launch a fully autonomous robotaxi service in Nashville by 2026, marking the first collaboration between the two companies in autonomous ride-hailing.
U.S. President Donald Trump begins an unprecedented second state visit to the United Kingdom, marked by royal welcomes and high-profile tech investment pledges.
“We’re navigating unprecedented challenges in monetary policy, balancing inflation pressures with economic growth.”
— Federal Reserve Chair Jerome Powell
The Federal Reserve is widely expected to cut interest rates by a quarter-point in its first rate reduction of the year amid slowing job growth and inflation concerns.
Activist investor Elliott Management builds a $2 billion stake in Workday, prompting strong gains and signaling confidence in the company’s AI-driven growth strategy.
StubHub goes public with an IPO that raises about $800 million, testing the market as the ticket resale platform faces scrutiny and changing industry dynamics.
Eli Lilly announces that its experimental oral weight-loss drug outperforms Novo Nordisk’s oral semaglutide in a head-to-head diabetes trial, bolstering its market position.
China’s tech stocks rally on renewed AI spending enthusiasm, helped by Tencent, Alibaba, and Baidu, while markets await the Federal Reserve’s upcoming rate decision.
The U.S. launches official public consultations on the USMCA trade pact review, signaling potential adjustments amid continuing continental trade discussions.
Tesla faces federal investigations following safety complaints about malfunctioning door handles on Model Y SUVs that reportedly trapped passengers inside vehicles.
Nvidia reveals its largest-ever global push into AI infrastructure, highlighting expansions of its Hopper and new Blackwell accelerators powering next-generation applications.
Google announces new Windows desktop app with an Alt+Space shortcut for instant local file and web search, enhancing user productivity and accessibility.
The EU proposes new tariffs and sanctions on Israel in response to the Gaza conflict, targeting goods and individuals connected to the government and Hamas leadership.
Debt markets show a surprising strength in corporate credit amid rising government bond concerns, signaling shifting risks and investor preferences across the fixed income landscape.
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