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US markets retreated from records as Fed Chair Jerome Powell’s cautious stance on further rate cuts offset earlier gains from strong earnings. Tech stocks dipped amid a cooling AI frenzy while gold hit new highs. Investors remain wary amid geopolitical tensions and uncertain policy outlooks at the UN General Assembly.
OpenAI partners with major tech companies to expand AI infrastructure aggressively across the US, signaling a massive investment to maintain US leadership in AI technology.
$100 billion – Nvidia’s investment in OpenAI to expand AI infrastructure.
Nvidia plans a historic $100 billion investment in OpenAI to build AI data centers, underscoring the escalating race for AI technology supremacy and raising questions about the sustainability and impact of such funding.
President Trump shifts his stance sharply, asserting Ukraine can reclaim all lost territory with NATO’s support, stirring geopolitical tensions and legislative reactions on the war in Eastern Europe.
Micron Surges After Crushing Earnings on AI Demand Boost
Micron reported better-than-expected earnings fueled by strong AI data center growth, lifting its stock and signaling robust semiconductor sector health.
More on cnbc.com
Federal Reserve Chair Jerome Powell emphasizes a cautious approach to rate cuts amidst inflation concerns and labor market softness, pushing back against accusations of political interference by President Trump.
Jimmy Kimmel’s return to ABC late-night after suspension sparks controversy and affiliate preemptions, revealing deep divides between broadcasters and political factions.
Amazon Faces Trial Over Alleged Prime Membership Deception
Amazon is under scrutiny in a federal trial for allegedly tricking customers into Prime membership and setting up barriers to cancellation, risking legal fallout.
More on abcnews.go.com
Micron reports strong earnings boosted by AI demand, signaling robust growth in semiconductor sector tied to artificial intelligence expansion.
Crypto company Tether aims to raise $15-20 billion in funding, targeting a $500 billion valuation that would match private tech giants like OpenAI, highlighting continued interest in stablecoin markets.
Trump administration proposes overhauling H-1B visa process to favor higher-paid workers, including a new $100,000 application fee.
Amazon faces legal challenges over its Prime membership signup and cancellation practices, as a federal trial assesses whether it misled customers into unwanted auto-renewals.
Political and economic tensions escalate around Russia’s actions in Europe and Middle East, with Macron warning of threats to continent’s security and NATO preparing to defend airspace amid incursions.
There is no risk-free path as we balance inflation and employment risks.
— Federal Reserve Chair Jerome Powell
Amazon to close all its Amazon Fresh grocery stores in the UK, shifting focus towards online and Whole Foods Market, reflecting broader challenges in brick-and-mortar grocery retail.
President Trump criticizes the United Nations in fiery speech, questioning its purpose, slamming immigration policies, and calling climate change a ‘con job’, triggering global diplomatic reactions.
The US Secret Service foils a major telecom threat around the UN assembly in New York, dismantling a network that could have crippled communications and emergency services during critical global meetings.
FDA approval processes face upheaval as new drugs for autism emerge, prompting debate and controversy amid public health discussions and political claims.
Russian and Ukrainian forces intensify attacks with drones and missiles as international aid discussions continue, reflecting ongoing conflict volatility amid diplomatic efforts.
Meta and other tech giants increase AI-related political spending to influence emerging legislation, underscoring the rising regulatory scrutiny of AI technology.
Economic forecasts show cautious optimism amid challenges from tariffs and global tensions, with OECD upgrading growth outlooks but warning of persistent risks and the lingering effects of trade conflicts.
Legal and political turmoil surrounds the Trump administration, with assassination attempt verdicts, cancellations of congressional meetings, and policy overhauls driving political uncertainty.
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