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Stocks rallied with major indices hitting new records as the Federal Reserve cut interest rates by 25 basis points, signaling more cuts. Tech stocks, led by Nvidia and Intel, surged following Nvidia’s $5 billion investment in Intel. Cryptocurrencies gained amid fresh ETF launches. Market focus remains on economic recovery and geopolitical developments affecting supply chains and trade.
Nvidia’s major $5 billion investment in Intel heralds a significant semiconductor alliance, with both companies joining forces to develop advanced AI infrastructure and PC chips. This deal follows recent government stakes and signals a pivotal shift in the US chip industry.
$5 billion – Nvidia’s strategic investment in Intel amid chip sector challenges.
The Federal Reserve makes its first interest rate cut of 2025, lowering rates by a quarter point amid mixed economic signals and political pressure. Officials signal potential further cuts while balancing inflation concerns and labor market weakness.
ABC suspends Jimmy Kimmel’s late-night show indefinitely following controversial comments about conservative activist Charlie Kirk’s assassination, sparking heated political and media backlash involving the Trump administration and FCC pressure.
Microsoft Boosts Wisconsin Data Center With $4B Bet
Microsoft commits $4 billion to expand its Wisconsin data center, strengthening cloud capacity and positioning itself as a key player in AI and cloud computing markets.
More on cnbc.com
The US government sues Ticketmaster and Live Nation over allegations of unauthorized ticket resale practices and deceptive pricing, potentially costing consumers billions and intensifying regulatory scrutiny on major entertainment platforms.
The UK and US formalize a $340 billion Tech Prosperity Deal to boost AI, jobs, and technological collaboration, marking the largest commercial deal of its kind and showcasing intensified transatlantic cooperation amid Trump’s UK state visit.
Three Police Officers Fatally Shot in Pennsylvania
Violence escalates in York County as three police officers are killed and two critically wounded during a confrontation, highlighting increasing risks for law enforcement.
More on theweek.com
Mortgage rates in the US hit their lowest levels since early October following the Federal Reserve’s recent rate cut, triggering a jump in refinancing activity and releasing cautious hope for the housing market amid still high borrowing costs.
Crypto markets see renewed momentum with the launch of first U.S. ETFs for Dogecoin and XRP, and trading volumes climb following the Federal Reserve’s rate cut, signaling growing institutional acceptance and investor interest in major altcoins.
Federal Reserve cuts interest rates for the first time in 2025, signaling a potential easing cycle amid economic uncertainty. The EU accelerates efforts on Russian LNG ban and updates commodity-based ETF listing standards.
The Federal Trade Commission intensifies action against deceptive practices in ticket sales by suing Ticketmaster and Live Nation, accusing them of misleading artists and fans with illegal resale tactics and inflated pricing models.
Johnson & Johnson’s biopharma tests and trial data of a new oral obesity drug from Novo Nordisk reveal significant weight loss results, boosting stock valuations and intensifying competition in the obesity treatment market.
This shareholder vote decides Tesla’s future direction. Support matters now.
— Elon Musk
Federal Reserve Governor Stephen Miran confirmed to the board amid controversy, reflecting divided views on the Fed’s rate cut strategy and underlining political pressure from President Trump on monetary policy.
Microsoft expands its Wisconsin data center project with a $4 billion investment, aiming to bolster cloud infrastructure capabilities to compete in AI and cloud computing markets alongside other major tech firms.
Cybersecurity company Netskope debuts on Nasdaq with an $8.79 billion valuation, marking a banner year for Bay Area IPOs and signaling investor confidence amid rising demand for cloud security solutions.
The Federal Reserve signals potential for two more rate cuts in 2025, aiming to support economic growth amid inflation pressures and uncertain labor market conditions, setting the stage for ongoing monetary easing.
Trump administration escalates efforts to remove Federal Reserve Governor Lisa Cook, filing emergency requests with the Supreme Court. The move marks a significant political showdown over Federal Reserve independence and governance.
Major incidents in York County, Pennsylvania, result in the shooting death of three police officers and critical injuries to two others, triggering a manhunt and raising concerns over escalating violence against law enforcement.
Meta Platforms unveils new smart Ray-Ban glasses with a built-in display and AI features including hand gesture controls, aiming to redefine wearable technology in the consumer market and extend the company’s reach beyond social media.
The US political landscape remains tense following the assassination of conservative activist Charlie Kirk, with heated debates over free speech, media influence, and political violence dominating Congressional actions and public discourse.
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