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Markets surged as the Fed cut interest rates for the first time in 2025, lifting major US indices to record highs. Technology stocks led gains, fueled by Nvidia’s $5 billion Intel investment. Asian markets traded mixed ahead of BOJ’s steady rate decision. European markets closed cautiously as investors digested central bank moves amid geopolitical uncertainty.
Bank of Japan holds interest rates steady but plans to unwind $250 billion in ETF holdings, causing a selloff in Japanese stocks and a yen rally. The move signals a cautious approach amid economic and political uncertainties.
$5 billion – Nvidia’s strategic investment in Intel to boost AI chip development.
Nvidia invests $5 billion in rival Intel and they form a partnership to co-develop AI infrastructure and PC chips. This major tech deal boosts Intel shares and signifies US efforts to strengthen its semiconductor industry against China.
Federal Reserve cuts interest rates by 25 basis points for the first time in 2025, signaling a cautious easing stance amid mixed economic signals and White House pressure. Markets react positively but uncertainty remains.
FedEx Tops Earnings Estimates, Stock Rallies Post-Report
FedEx beat expectations with strong fiscal Q1 earnings and robust U.S. growth, pushing its stock higher despite trade-related challenges.
More on benzinga.com
Jimmy Kimmel’s late-night show suspended indefinitely after controversial comments, following pressure from the Trump administration and FCC chairman Brendan Carr. The suspension ignites a fierce debate over free speech and media regulation.
Federal Trade Commission and several states file lawsuits against Live Nation and Ticketmaster for deceptive pricing and illegal resale practices. The lawsuits allege failure to crack down on ticket brokers and deceptive sales tactics costing consumers billions.
Live Nation, Ticketmaster Sued by FTC for Illegal Ticket Resale Practices
The Federal Trade Commission and states accuse Ticketmaster and Live Nation of deceptive pricing and facilitating illegal ticket resale tactics harming consumers.
More on pbs.org
US senators prepare sanctions bill targeting Russia as bipartisan lawmakers push punitive measures amid stalled war negotiations. The new sanctions aim to increase pressure while diplomatic efforts falter.
Tensions escalate as Russia tests supersonic missiles with nuclear submarines in the North Pacific. The show of military strength highlights ongoing geopolitical instability in the region.
Bank of Japan initiates planned disposal of ETF and J-REIT holdings; EU proposes banning Russian LNG imports by 2027; US senators introduce new sanctions targeting Russia’s shadow fleet.
China’s AI and tech sectors advance with homegrown innovations, including Huawei’s world-leading AI chips challenging Nvidia’s dominance and Alibaba unveiling competitive open-source AI agents.
Rising grocery and food prices persist amid tariff pressures, leading to concerns over inflationary shrinkflation trends. Consumers face higher costs, and food industry analysts warn of sustained price pressures.
The FCC should promote freedom of speech, but broadcasters must also operate in the public interest.
— FCC Chair Brendan Carr
Political and economic tensions highlight Trump’s aggressive media pressure campaign, including threats to revoke TV network licenses critical of him and a crackdown on perceived opposition voices.
US and UK deepen ties with a $340 billion AI and tech prosperity pact, with Presidents Trump and Starmer unveiling a strategic partnership to boost AI investment and technology cooperation between the two nations.
Cybersecurity stocks surge as CrowdStrike guides higher recurring revenue targets and Netskope debuts with strong IPO performance, reflecting robust investor confidence amid heightened cyber threats.
FedEx beats earnings estimates but warns of a $1 billion annual hit due to end of de minimis exemption, reflecting ongoing challenges in the global trade environment despite strong domestic growth.
European and global markets show cautious trading with mixed openings following central bank decisions. Investors focus on Fed rate cuts and global economic data amid ongoing geopolitical concerns.
US politics heated as GOP censure efforts and investigations intensify while calls grow for calm amid political violence following Charlie Kirk’s assassination, highlighting deep national divisions.
Emerging AI-powered shopping startups and investments highlight growing opportunities and competition in the AI commerce sector, with venture funds considering job cuts amid shifts towards AI technology integration.
US political figures, including Obama and Harris, criticize suspension of Jimmy Kimmel’s show as government censorship, underscoring escalating free speech debates under the current administration.
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