[ad_1]
U.S. markets pull back amid cautious Federal Reserve comments from Chair Jerome Powell signaling slow pace for further rate cuts. Major indices including S&P 500, Nasdaq, and Dow saw declines with tech stocks leading losses. Geopolitical tensions and mixed economic data weighed on investor sentiment while gold prices surged to record highs on supply concerns.
OpenAI’s rapid expansion with new AI data centers partners with Oracle and SoftBank, and Nvidia’s pledged massive $100B investment in OpenAI underscore the boom in AI infrastructure.
$100 billion – Nvidia’s historic investment commitment to OpenAI for AI data infrastructure.
Trump shifts his Ukraine stance at the UN, affirming belief in Ukraine’s ability to reclaim lost territories, sparking global political debate and hawkish support.
Jimmy Kimmel’s return to late-night TV after suspension sparks contention with affiliates boycotting the broadcast, spotlighting a broader conflict in media politics.
Micron Crushes Earnings on AI Chip Demand Surge
Micron reports stellar quarter driven by booming AI data center demand, surpassing analyst estimates and raising growth outlook for memory chips.
More on cnbc.com
U.S. Federal Reserve Chair Jerome Powell signals cautious approach on future interest rate cuts, underlining economic challenges ahead and moderating market expectations.
Merrill Lynch’s lawsuit against Charles Schwab and Dynasty alleges a corporate raid, highlighting ongoing conflict within the financial advisory industry.
Jaguar Land Rover Extends Production Halt Due to Cyberattack
JLR faces prolonged shutdown impacting supply chain and automotive sector confidence amid persistent cyber threats.
More on go.theregister.com
Tylenol maker Kenvue rebounds sharply after stock hit record lows amid President Trump’s unsubstantiated claims linking Tylenol to autism.
U.S. Secret Service dismantles sophisticated telecom threat in New York just before UN General Assembly, averting potential major communication disruptions.
Trump administration announces $100,000 fee on new H-1B visa applications, aiming to prioritize higher-skilled and better-paid foreign workers.
Bank of Montreal explores sale of some U.S. branches following Bank of the West acquisition, signaling shifts in North American banking footprints.
Metal prices surge with gold hitting record highs amid geopolitical risks and China’s efforts to expand its role in the global bullion market.
There is no risk-free path in balancing inflation and jobs; we face a challenging situation ahead.
— Federal Reserve Chair Jerome Powell
H-1B visa overhaul includes steep $100,000 fee for applicants under Trump’s administration, drawing responses from businesses and foreign workers.
Jaguar Land Rover extends production halt due to ongoing cyberattack, exacerbating supply chain and automotive industry concerns in the UK.
Amazon announces closure of all its Fresh grocery stores in the UK, refocusing on Whole Foods Market as part of shifting retail strategy.
Meta launches new super PAC to actively combat state-level AI regulation bills, marking increased political engagement in AI industry policy.
US business activity slows for the second straight month in September, indicating a moderating economy amid mixed signals from market sectors.
Micron Technology posts earnings beat and strong AI-driven outlook as demand for memory chips surges due to AI data center expansion.
Tether targets $500 billion valuation, seeking up to $20 billion in new funding, positioning itself as one of the most valuable private crypto firms globally.
Federal Reserve Chair Jerome Powell warns of no risk-free path in policy, balancing inflation and employment risks sparking market caution.
U.S. oil inventories drop significantly fueling oil price gains amidst geopolitical tensions affecting Russian crude supply and energy markets.
[ad_2]