Major U.S. equities rebounded Friday, with the S&P 500 and Dow gaining after a moderate inflation report. Markets shaken by recent tariffs and political tensions steadied as consumer spending remained robust, with tech-driven optimism lifting select sectors despite geopolitical headwinds.
Trump escalates retribution via legal actions and tariff threats, targeting key political opponents and industries with sweeping import duties affecting pharmaceuticals, furniture, and trucks.
100% – New tariffs on imported pharmaceutical drugs starting October 1.
Electronic Arts nears a major leveraged buyout deal, which has sparked a sharp increase in its stock price as it plans to go private with backing from major investors including Silver Lake and Saudi Arabia’s PIF.
Washington shifts its stance on TikTok’s U.S. ownership, endorsing a deal that values the company significantly below previous estimates, raising investor concerns and prompting congressional scrutiny.
Electronic Arts Nears $50B Go-Private Deal Sparking Stock Surge
Video game giant Electronic Arts is reportedly close to a $50 billion leveraged buyout deal, igniting a sharp rally in its stock as investors anticipate major ownership change.
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Federal Reserve inflation gauge shows slight acceleration in August, while Fed officials urge bold rate cuts to address ongoing labor market concerns and inflation persistence.
Boeing regains FAA authority to certify 737 Max and 787 jets after long restrictions, boosting investor confidence amid new aircraft orders and easing delivery limits.
Canada Post Strike Shakes National Mail Service Amid Reforms
Canada Post workers launched a nationwide strike protesting the government’s order to end door-to-door delivery, disrupting postal services across the country during critical reforms.
More on theguardian.com
Microsoft limits cloud and AI services to Israel amidst reports of surveillance in Gaza, while facing internal and external pressures related to geopolitical technology use.
Canada Post workers launch a strike in response to government’s order to end door-to-door delivery, sparking national postal service disruption amid sweeping reforms.
Trump administration imposes new tariffs with up to 100% duties on pharmaceuticals and 25-50% on trucks and furniture starting October 1, alongside tightened immigration and truck driver licensing rules.
U.S. Supreme Court rules in favor of Trump administration allowing freeze on billions in foreign aid, marking a key legal victory with political and budgetary implications.
OpenAI redefines the AI arms race with historic growth and partnerships, as investors navigate optimistic momentum and increased risks amid rapid technological advances.
“There will be others.”
— President Donald Trump on further legal actions after Comey indictment
Amazon settles with FTC for $2.5 billion over deceptive practices involving Prime memberships, pledging refunds and reforms impacting millions of subscribers.
US government shutdown looms as political gridlock worsens, with White House threatening mass federal firings if Congress fails to pass a funding bill imminently.
Stock markets rebound after snapping a three-day slide, driven by consumer spending strength and moderate inflation indicators, prompting optimism about sustained economic growth.
Kraken valued at $15 billion after raising $500 million, progressing toward 2026 IPO amidst executive changes and market volatility.
Trump administration’s crackdown on immigration includes tighter rules for commercial driving licenses for non-citizens following fatal crashes, intensifying enforcement efforts.
President Netanyahu faces international isolation with walkouts at UN speeches amid escalating Middle East conflict, while Iran and allies respond with defiant rhetoric.
Trump administration plans semiconductor tariffs aiming for 1:1 ratio of U.S. production to imports to boost domestic manufacturing and protect the chip industry.
Investor activism and corporate buyouts surge in tech and media sectors, highlighted by major deals including Electronic Arts going private and Oracle’s stake in TikTok U.S.