Market Summary
U.S. stock markets rebounded Friday after three days of losses, boosted by a steady inflation report and investor optimism in technology and industrial sectors. The S&P 500, Dow, and Nasdaq all closed higher, recovering part of recent declines amid ongoing tariff and economic growth uncertainties.
FAA restores Boeing’s authority to certify 737 Max and 787 Dreamliner jets following years of restrictions after fatal crashes. This marks a key step in Boeing’s regulatory comeback and potential production ramp-up.
Figure of the Day
100% – Tariff rate imposed on imported branded pharmaceuticals by the US starting October 1, 2025.
President Trump imposes sweeping new tariffs including up to 100% on pharmaceutical imports, heavy trucks, and furniture, aiming to boost domestic manufacturing amid geopolitical tensions and trade disputes.
The Trump Justice Department indicts former FBI Director James Comey on charges of lying to Congress and obstruction, intensifying the political retribution campaign.
Bullish
Amazon Settles FTC Case with $2.5 Billion Refund Payout
Amazon agrees to historic $2.5 billion settlement over Prime membership disputes, set to refund millions and improve customer trust.
More on nbcnews.com
TikTok deal advances with President Trump signing an executive order approving the sale of its U.S. operations, though valuation and ownership details continue to surprise investors.
Electronic Arts moves close to a massive $50 billion leveraged buyout to go private, sending its shares surging and marking one of the largest buyouts in technology.
Bearish
James Comey Indicted in Politically Charged DOJ Case
Former FBI Director James Comey faces indictment for alleged false statements and obstruction, escalating political tensions in Washington.
More on msnbc.com
Cryptocurrency exchange Kraken is in talks to raise capital at a $20 billion valuation ahead of its planned initial public offering, signaling continued investor interest despite market volatility.
Wall Street rebounds after a three-day slump, supported by stable inflation data and renewed investor optimism, particularly in technology sectors.
Regulatory Impact
The Trump administration announced new tariffs including 100% on import of branded pharmaceuticals, 25% on heavy trucks, and 30%-50% on furniture, effective October 1, 2025.
Amazon agrees to pay $2.5 billion to settle FTC claims of deceptive practices related to Prime subscriptions, offering refunds to millions of customers.
Microsoft cuts access to AI and cloud services for an Israeli military unit following reports of its use in mass surveillance amid the Gaza conflict.
Quote
Decisive interest rate cuts are essential now to address labor market fragility and sustain economic growth.
— Federal Reserve Board Member Michelle Bowman
Federal Reserve Board Member Michelle Bowman calls for decisive rate cuts to address labor market risks and inflation concerns amid ongoing economic uncertainty.
Pharmaceutical sector reacts cautiously to Trump’s new 100% tariffs on imported branded drugs, as companies brace for impact while some seek exemptions based on domestic manufacturing.
Starbucks announces nationwide closures of hundreds of stores and layoffs as part of strategic restructuring amid challenges in the retail coffee market.
Canada Post workers launch nationwide strike following government order to end door-to-door delivery, raising concerns over mail service disruptions.
Kim Kardashian-Nike partnership challenges Lululemon amid shifting competitive landscape in women’s fashion and athletic wear.
Boeing surges with easing FAA restrictions and multiple large aircraft orders including a massive deal from Turkish Airlines, signaling recovery in aerospace sector.
Intel stock rallies as Trump administration plans require chipmakers to match domestic production with imports to boost American semiconductor manufacturing.
Goldman Sachs upgrades ratings on crypto mining stocks like Riot Platforms amid growing interest in bitcoin mining and artificial intelligence shifts.
Apple continues aggressive real estate purchases in Silicon Valley, spending over $800 million to expand its campus presence and infrastructure.
Policy uncertainty looms as government shutdown risks mount, with White House threatening mass federal layoffs if funding impasse continues.