US markets snapped a three-day losing streak with the S&P 500 and Dow gaining over 0.5%, lifted by inflation data meeting expectations and optimism over AI sector growth. Tech stocks led the gains as investors navigated mixed signals on tariffs and geopolitical tensions.
President Trump unveils a sweeping tariff package targeting pharmaceuticals, heavy trucks, furniture, and kitchen cabinets, igniting concerns among industries and trading partners.
100% – New tariff rate imposed by US on patented pharmaceutical imports starting October 1.
Electronic Arts is nearing a reported $50 billion leveraged buyout, sending its stock soaring amid large investor interest including private equity and sovereign wealth funds.
The U.S. Supreme Court delivers multiple rulings backing Trump administration moves to freeze billions in foreign aid and uphold executive actions amid political turmoil.
Electronic Arts Nears $50 Billion Private Buyout, Shares Surge
Video game giant Electronic Arts is closing in on a $50 billion deal to go private, boosting investor confidence and marking a major leveraged buyout in the sector.
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Former FBI Director James Comey is federally indicted on charges of making false statements and obstruction, escalating President Trump’s campaign against political rivals.
TikTok’s U.S. ownership deal, approved by President Trump, shocks investors with a valuation far below expectations, sparking political and market concerns.
Former Financier Howard Rubin Arrested on Sex Trafficking Charges
Retired financier Howard Rubin faces federal sex trafficking indictments amid allegations of coercion and abuse, casting a shadow over the investment community.
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Federal Reserve faces diverging views amid sticky inflation and weakening jobs data, complicating the policy outlook as inflation gauges show minimal deceleration.
Multiple companies and sectors respond to Trump’s tariffs with mixed reactions; Big Pharma adapts while smaller biotechs face risks from new duties starting October 1.
Trump administration announces sweeping tariffs: 100% on imported pharmaceuticals without US plants, 25% on heavy trucks, and increased tariffs on furniture and cabinetry starting October.
Sinclair Broadcast Group ends its boycott of Jimmy Kimmel Live!, restoring the late-night show on its ABC stations after several days of preemption amid controversy.
Amazon agrees to pay a historic $2.5 billion settlement with the FTC over deceptive Prime membership practices, offering refunds to millions of customers.
“There will be others.”
— President Donald Trump on prosecuting political opponents following James Comey indictment
U.S. energy firms add rigs for fourth consecutive week, while crude prices climb due to supply concerns, signaling ongoing volatility in energy markets.
Banking and finance sectors see upgrades tied to AI adoption, while some activist investors increase pressure amid changing market conditions.
UK announces plans for nationwide digital ID linked to rights-to-work enforcement by 2029, sparking civil liberties backlash and industry attention.
Tesla’s market cap exceeds $1 trillion as shares rebound amid ongoing optimism, despite recent sales forecasts indicating potential declines this year.
U.S. government edges closer to a shutdown amid unresolved political disputes, with Republicans warning Democrats to dial back health care demands to avoid closure.
China investigates Mexican tariffs amid rising trade tensions; EU prepares anti-dumping probes targeting China’s export policies as geopolitical economic pressures mount.
Ukraine reports increasing drone attacks amid rising tensions with Russia; NATO issues warnings over Russian airspace breaches, heightening regional security concerns.
Cryptocurrency markets retreat amid risk-off sentiment ahead of key U.S. inflation data; major tokens including Bitcoin and Ethereum experience pullbacks reflecting investor caution.
Microsoft and Meta push AI innovation with new projects and paid ad-free subscription offers, while addressing security challenges and expanding AI workforce globally.