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Markets mixed as Fed delivers first rate cut of 2025, reducing key rate by 25bps amid job market concerns. S&P 500 dips slightly while crypto markets show selective strength. Tech and financial sectors lead volatility as investors weigh economic outlook and policy signals.
Federal Reserve cuts interest rates for the first time in 2025 amid softer job numbers, signaling two more cuts expected this year to support labor market.
0.25% – Federal Reserve’s first interest rate cut in 2025, signaling easing cycle
Meta unveils a new generation of AI-powered smart glasses including Ray-Ban Display with built-in screen and Neural Band wrist controller, aiming to revolutionize wearable tech.
Former Ben & Jerry’s co-founder Jerry Greenfield resigns after 47 years, citing loss of independence and constraints on the company’s social activism under Unilever’s ownership.
Bullish Posts $108 Million Quarterly Profit After IPO
Bullish crypto platform reverses losses with $108M net income in its first quarterly report post-IPO, signaling strong growth momentum in digital asset markets.
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China bans Nvidia AI chips, instructing major tech firms to halt purchases, intensifying tech tensions with U.S. and encouraging homegrown semiconductor development.
Trump’s second UK state visit marked by grand royal ceremonies while facing protests; coincides with major US-UK tech investments and diplomatic talks.
Ben & Jerry’s Co-Founder Quits, Slams Unilever for ‘Silencing’
Jerry Greenfield resigns after 47 years, criticizing Unilever for stifling Ben & Jerry’s independence and social activism, highlighting tensions over corporate governance and brand values.
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Spirit Airlines slashes 25% of flights and prepares for job cuts as it restructures amid financial struggles.
Bullish crypto platform reports $108 million net income reversing prior losses; gains New York BitLicense paving way for US expansion.
SEC approves generic listing standards for crypto ETFs, speeding approval processes; New York DFS mandates blockchain analytics tools for banks to counter illicit activity.
HSBC reduces prime lending rate in Hong Kong for first time since December to ease funding costs for businesses and mortgage borrowers.
Judicial and congressional battles continue around FBI Director Kash Patel’s handling of controversial Epstein files and Congressional testimonies.
We have a situation where we have two-sided risk — no risk-free path to avoid stagflation.
— Federal Reserve Chair Jerome Powell
Jimmy Kimmel’s late-night show pulled indefinitely by ABC amid backlash over comments on Charlie Kirk’s murder, sparking political and corporate controversies.
Nvidia faces disappointment as China bans purchase of its AI chips, while local stocks surge amid Beijing’s push for homegrown tech.
Fed Chair Jerome Powell signals labor market weakness and sees no risk-free path to avoid stagflation, emphasizing challenges ahead for monetary policy.
Major US banks, including Royal Bank of Canada and HSBC, cut prime lending rates following central bank rate reductions to boost economic lending.
Meta announces Horizon TV streaming hub for Quest VR headset and enhances Horizon Worlds platform with AI-powered creation tools and new game engine.
Oracle and OpenAI strike $300 billion cloud deal for AI infrastructure starting 2027, one of the largest tech contracts on record.
House Republicans and Democrats clash over stopgap funding bills as government shutdown looms, with negotiations ongoing.
AWS and Amazon invest over $1 billion to raise wages and lower healthcare costs for U.S. fulfillment and transportation workers, enhancing employee benefits.
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