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Global markets show caution as tech stocks retreat amid inflation concerns and AI investment costs. The Dow, S&P 500, and Nasdaq extend losses, with investors eyeing Fed statements and economic data. Asian markets remain mixed following BOJ rate discussions and geopolitical tensions affecting energy and commodity sectors.
Dallas ICE facility shooting escalates political tensions and investigations. Authorities investigate the shooting as targeted violence with at least two detainees dead and the shooter deceased by suicide.
11.2% – Chery Automobile’s share price jump in Hong Kong debut.
Apple criticizes the EU Digital Markets Act (DMA) multiple times, calling for repeal and stating the law harms Apple users and exposes them to risks.
Intel seeks to revive its business by courting investment partnerships with Apple amid US government and Nvidia involvement, signaling a critical turnaround effort.
Alibaba Shares Surge on $53 Billion AI Spending Boost
Alibaba announced a major increase in AI investment, sending shares to a four-year high and reinforcing its position as a leader in generative AI technology.
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The White House warns federal agencies to prepare plans for mass firings if a government shutdown occurs, highlighting potential severe workforce reductions.
Chinese carmaker Chery debuts on Hong Kong stock exchange with shares jumping over 11%, highlighting growing investor interest in China’s automotive sector.
White House Orders Agencies to Prepare for Mass Firings in Shutdown
The White House has directed federal agencies to prepare plans for mass workforce reductions if a government shutdown occurs, highlighting severe potential job losses.
More on investing.com
Alibaba announces a significant increase in AI and data center investments, fueling a surge in its stock price and strengthening its position against competitors.
Federal Reserve officials express concerns about the stock market’s high valuations and discuss potential further rate adjustments amid political and economic uncertainties.
EU Digital Markets Act faces calls for repeal from Apple, while the US imposes a new $100,000 H-1B visa fee impacting businesses and tech sector.
Jimmy Kimmel returns to ABC following suspension, addressing controversy about his remarks on Charlie Kirk’s murder, drawing millions of viewers amid political tensions.
Trump administration seeks an equity stake in Lithium Americas amid loan renegotiations, boosting the mining firm’s stock significantly.
’Whatever your political beliefs, these are just good projects, good opportunities.’
— Brad Pliema
US offers a $20-billion financial lifeline to Argentina amid fiscal crisis, aiming to stabilize the country’s economy and support President Milei’s administration.
Bank of Japan policymakers signal readiness to raise rates soon due to steady inflation and economic resilience, hinting at a shift from ultra-low rates.
HSBC partners with IBM to conduct a groundbreaking quantum computing trial focused on bond trading, marking a technological innovation in the financial sector.
South Korea raises concerns over U.S. investment projects stalling due to unresolved visa issues, reflecting diplomatic and labor tensions.
The market reacts cautiously as tech stocks retreat, impacted by concerns over inflation and AI costs, with major indices pulling back ahead of key economic data.
Nvidia’s expanding AI partnerships, including with Intel and OpenAI, raise concerns about circular financing but underscore its dominance in AI infrastructure.
US government agencies are preparing for the possibility of a shutdown, with leaders from both parties urging action but deadlock threatening to continue.
OpenAI advances AI infrastructure with new data centers in partnership with Oracle and SoftBank, accelerating the US’s leadership in artificial intelligence.
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