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Markets remain volatile after Federal Reserve cut interest rates by 25 basis points, the first since last year, in response to a cooling labor market. Tech stocks including Nvidia faced pressure after China’s ban on its AI chips, while Meta’s AI glasses launch attracted attention. US equities closed mixed amid uncertainty about economic trajectory.
Federal Reserve cuts interest rates by 25 basis points citing labor market weaknesses, signaling ongoing cautious monetary policy amid mixed economic signals.
0.25% – Federal Reserve’s benchmark interest rate cut, first in 2025.
Meta Platforms unveils multiple AI-powered smart glasses models, including Ray-Ban Display and Oakley Meta Vanguard, pushing its AI hardware ambitions.
Ben & Jerry’s co-founder Jerry Greenfield resigns after decades, citing restrictions on activism imposed by parent company Unilever.
Bullish Crypto Platform Secures Key NYDFS License for U.S. Expansion
Bullish gains coveted BitLicense from New York regulators, paving the way for wider spot trading and custody services in the critical U.S. market.
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Jimmy Kimmel’s late-night show pulled off air indefinitely by ABC after controversial comments regarding Charlie Kirk’s killing sparked affiliate backlash and FCC threats.
China bans its tech firms from purchasing Nvidia AI chips in a sharp move to boost local chip development and reduce reliance on US technology.
China Bans Nvidia AI Chip Sales, Escalating Tech Conflict
China steps up crackdown by prohibiting tech giants from purchasing Nvidia’s AI chips, intensifying the battle for semiconductor supremacy.
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Tesla faces U.S. investigation over electric door handles that reportedly trap passengers, prompting company to plan a redesign amid rising safety scrutiny.
Ukraine faces sharp budget shortfall amid ongoing conflict and seeks $3.5 billion in U.S. funding to maintain defense capabilities.
SEC approves generic listing standards for crypto ETFs, expediting new fund launches; New York DFS mandates blockchain analytics for banks to combat illicit activity.
Spirit Airlines braces for deeper cuts, announcing a 25% flight capacity reduction and more job losses amid financial struggles.
Amazon invests $1 billion to raise wage and reduce healthcare costs for its U.S. fulfillment and transportation workers amid ongoing labor pressures.
AI is probably having some effect on the entry-level job market, but it’s hard to say how big it is.
— Federal Reserve Chair Jerome Powell
House Republicans advance a stopgap funding bill to avert government shutdown, increasing tensions with Democrats who oppose the measure.
New York State Department of Financial Services grants BitLicense to crypto platform Bullish, enabling spot trading and custody services expansion.
Tesla settles two separate lawsuits over fatal crashes tied to Autopilot, with terms undisclosed, while shares dip slightly amid investor unease.
Lyft partners with Waymo to launch autonomous robotaxi rides in Nashville in 2026, marking the first collaboration between the two companies on robotaxis.
China’s auto industry faces crisis amid oversupply and competitive pressures, drawing parallels to turmoil in the property and solar sectors.
US authorities accuse Israel of genocide in Gaza in a landmark UN Human Rights Council report, intensifying international scrutiny of the conflict.
The assassination of Charlie Kirk continues to ignite political fallout, including designations of Antifa as a terrorist group, legal actions against nonprofits, and media suspensions.
Nvidia’s stock tumbles after China bans its AI chips, while AI chip competitors see strength as the US-China technology conflict intensifies.
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