Markets dipped as Federal Reserve Chair Jerome Powell warned of a ‘challenging situation’ ahead, signaling a cautious approach to rate cuts. Tech stocks led declines while safe havens like gold surged to records amid mixed inflation and labor data. Investors await further cues from global monetary policies amid continued AI sector investment.
President Trump makes a dramatic policy shift, declaring Ukraine can reclaim all lost territory from Russia with NATO’s assistance, signaling a significant realignment in his stance on the conflict.
$100 billion – Nvidia’s planned investment in OpenAI to build AI infrastructure.
Fed Chair Powell cautions of a challenging economic environment, signaling a slow and cautious approach to future interest rate cuts amid mixed inflation and labor market signals.
OpenAI, backed by Oracle and SoftBank, pushes forward with its $500 billion Stargate AI data center project by announcing the development of five new high-capacity AI data centers across the U.S.
Micron Surges with Strong Earnings Driven by AI Demand
Micron reported better-than-expected results and robust sales forecasts thanks to rising AI data center needs, boosting its stock performance.
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Disney reverses course amid backlash and reinstates Jimmy Kimmel’s late-night show after a six-day suspension, sparking tension with some local affiliates refusing to air the program.
Nvidia commits up to $100 billion investing in OpenAI to develop high-powered AI infrastructure, intensifying the partnership between two leading AI and chip technology firms.
Jaguar Land Rover Extends Production Halt Due to Cyberattack
JLR continues to face operational disruptions as its cyberattack-induced shutdown extends, pressuring the UK automotive sector’s recovery.
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Jaguar Land Rover extends shutdown due to a cyberattack that has disrupted production and supply chains, creating challenges for UK automotive manufacturing sector recovery.
Tether, the stablecoin issuer, is in talks to raise $15-20 billion in private funding, aiming for a valuation around $500 billion to become one of the most valuable private crypto firms.
Trump administration proposes overhauling H-1B visa process to favor higher-paid workers and impose a $100,000 application fee for skilled visas, impacting tech immigration.
Fed Chair Powell warns of no risk-free path between inflation and employment objectives, emphasizing cautious monetary policy amid a softening labor market and persistent inflation risks.
Meta invests tens of millions of dollars to establish a super PAC aimed at fighting state-level AI regulation bills, marking a significant corporate political push in AI policy debates.
We’re in a challenging situation balancing inflation and jobs, requiring cautious policy moves.
— Federal Reserve Chair Jerome Powell
The U.S. Secret Service foils a major telecom threat in New York, dismantling a network capable of disrupting critical cell phone operations amid the UN General Assembly and heightened security concerns.
Federal Reserve Chair Powell signals slower pace on future interest rate cuts, contrasting with other officials and indicating a more cautious and data-dependent monetary policy outlook.
Trump targets the United Nations in a combative speech, questioning its effectiveness on global peace and criticizing migration policies, signaling a sharp and confrontational foreign policy tone.
Micron Technologies reports strong earnings and revenue growth driven by booming AI data center demand, with an optimistic sales outlook fueling investor confidence.
Amazon announces plan to close Amazon Fresh grocery stores in the UK after struggling with the cashier-less concept, reflecting tough retail market conditions and evolving consumer preferences.
Federal Reserve Chair Jerome Powell acknowledges elevated equity valuations and warns of the central bank’s difficult balance between reducing inflation and supporting jobs, underscoring cautious market outlook.
The U.S. Federal Trade Commission moves towards including stablecoins in tokenized collateral for derivatives trading, signaling a significant regulatory advance in integrating cryptocurrency.
The House of Representatives’ centrists explore a quiet compromise to extend Affordable Care Act subsidies, potentially breaking a stalemate and impacting health insurance market dynamics.