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Markets reacted to the Fed’s first rate cut this year with mixed sentiment; major indices like S&P 500 held near record highs while volatility remains elevated. Tech stocks face pressure amid US-China tensions, and renewed focus on AI advancements drives selective sector strength.
Federal Reserve cuts interest rates by 0.25% amid weakening labor market and signals possible further cuts this year. Market and economic outlook remain mixed with cautious investor sentiment.
0.25% – Federal Reserve’s latest interest rate cut magnitude amid growing economic concerns.
Meta launches new AI-powered smart glasses and related hardware aiming to expand wearable tech. CEO Zuckerberg showcases multiple devices including $799 Ray-Ban Display and wristband controller.
Jimmy Kimmel’s late-night show suspended indefinitely by ABC following controversial remarks about Charlie Kirk’s death, sparking widespread backlash and political reactions.
Amazon Pledges $1B to Boost US Worker Pay and Cut Health Costs
Amazon commits over $1 billion to raise wages and reduce healthcare expenses for its US fulfillment and transportation workers, enhancing employee compensation and benefits.
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Nvidia faces setbacks in China with government banning purchases of its AI chips by Chinese tech companies, reflecting ongoing tech tensions and impacting global supply chains.
Spirit Airlines plans to cut flights by 25% and brace for job cuts amid operational challenges, reflecting pressures in the low-cost carrier sector.
China Bars Tech Firms From Buying Nvidia AI Chips
China bans its major technology companies from purchasing Nvidia’s AI chips, escalating tensions in the tech sector and pressuring the US chipmaker’s global operations.
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SEC approves rules to accelerate listing process for crypto ETFs and greenlights Grayscale’s multi-crypto fund, marking progress in crypto asset regulation and market accessibility.
China and South Korea agree to enhance strategic ties, pointing to strengthening regional cooperation amid geopolitical tensions.
SEC approves generic listing standards for crypto ETFs, expediting approval process; Fed signals possible additional rate cuts this year amid labor market weakness.
Former CDC director Susan Monarez testifies on agency turmoil under RFK Jr., revealing conflicts over vaccine policies and administration changes.
Bitcoin and cryptocurrency markets show resilience amid Fed rate cuts, with some altcoins spiking and analysts predicting significant near-term gains for Bitcoin.
We have a situation where we have two-sided risk on inflation and growth… no risk-free path to avoid stagflation.
— Federal Reserve Chair Jerome Powell
Donald Trump receives a lavish royal welcome during his second state visit to the UK with grand ceremonies and official dinners, while protests and political tensions persist.
Amazon invests over $1 billion to raise wages and reduce healthcare costs for U.S. fulfillment and transportation workers, boosting average pay above $30 per hour.
Ben & Jerry’s co-founder Jerry Greenfield resigns after 47 years, citing loss of brand independence and stifled social activism under parent company Unilever.
House Republicans advance a stopgap funding bill to avoid government shutdown, escalating partisan tensions between GOP and Democrats over spending priorities.
Lyft partners with Waymo to launch autonomous rides in Nashville in 2026, marking a new robotaxi deployment aimed at expanding driverless mobility services.
Tesla settles multiple lawsuits related to Autopilot fatal crashes, evading trials but under continued scrutiny from regulators.
Nvidia CEO expresses disappointment but patience following China’s ban on its AI chips, amid intensifying U.S.-China tech rivalry and export controls.
US FBI Director Kash Patel faces scrutiny over handling of Epstein files and appears unprepared during Congressional hearings, raising concerns about agency transparency.
SEC implements new policy clarifying mandatory arbitration provisions and extends compliance dates, impacting public companies and investment fund advisers.
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