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Markets tread cautiously as S&P 500 snaps a week-long winning streak amid persistent US government shutdown and growing concerns over AI sector profitability. Tech stocks, including Tesla and Oracle, led declines, while gold surged past $4,000 for the first time as investors seek safe havens. Ongoing geopolitical tensions and tariff-related trade fears keep markets volatile ahead of key economic data.
NYSE parent company Intercontinental Exchange (ICE) is making a major $2 billion investment in prediction market operator Polymarket, signaling Wall Street’s deeper entry into event-driven trading and cryptocurrencies.
$4,000 – Historic peak in gold price per ounce amid economic uncertainty and government shutdown.
Tesla unveils cheaper versions of its popular Model 3 sedan and Model Y SUV, aiming to recapture market share despite the loss of key federal EV tax credits in the US, though shares fall amid investor skepticism.
US Federal government shutdown extends with no resolution in sight, increasing stress on air traffic controllers and furloughed federal workers facing uncertain back pay; political deadlock continues amid health care subsidy battles.
IBM Jumps As Anthropic Partnership Boosts AI Ambitions
IBM shares surged after announcing a strategic partnership with AI startup Anthropic, integrating cutting-edge AI models into its enterprise software suite, signaling growth potential.
More on marketwatch.com
Gold prices surge past $4,000 per ounce for the first time ever amid investor flight to safe havens driven by economic uncertainty and ongoing US government shutdown, marking a historic peak for the precious metal.
OpenAI expands partnerships and app integrations, including a $1 trillion computing deal with chipmakers AMD and Nvidia, fueling rapid growth and raising questions about sustainable AI investment.
Oracle Shares Plunge On Report Of Slim AI Cloud Margins
Oracle’s stock fell 5% following reports its AI cloud business is operating on razor-thin profit margins due to costly Nvidia chip rentals, raising concerns over scaling and profitability.
More on breakingthenews.net
The European Union proposes to double steel tariffs to 50% amidst an influx of Chinese imports, sparking potential trade tensions and industry warnings of a crisis in UK steel sector due to this protectionist move.
AMD and OpenAI have signed a landmark multibillion-dollar AI chip supply deal potentially resulting in OpenAI obtaining a 10% stake in AMD, intensifying competition with Nvidia in AI infrastructure markets.
EU announces plan to double steel tariffs to 50%, aiming to counter Chinese imports; US government moves to expand direct investments in critical minerals sectors with new regulations.
JPMorgan faces fallout as fraud convictions linked to JPMorgan staff lead the bank to pay legal fees amidst ongoing internal investigations involving millions lost.
U.S. government plans to invest in domestic critical minerals and rare earths companies, including taking a stake in Trilogy Metals, aiming to strengthen supply chains amid geopolitical tensions.
We rarely see such a leap forward in quantum technology that will transform computing as profoundly as this.
— Nobel Physics Prize Committee
The conflict anniversary in Israel and Gaza prompts cautious optimism about peace talks and ongoing complexity, while violence and destruction continue to impact the region profoundly.
Bank mergers surge with Fifth Third Bancorp heading to acquire Comerica for $10.9 billion, creating the ninth largest U.S. bank and signaling renewed consolidation in regional banking sectors.
Quantum computing research earns Nobel Prize in Physics for three scientists whose work advances practical quantum technologies, marking notable progress in the field relevant to technology industry development.
Major AI and enterprise tech firms IBM and Anthropic announce strategic partnership integrating Anthropic’s Claude model into IBM’s software tools to accelerate AI implementation in businesses.
US crude oil inventories rise amid forecasts of oversupply with OPEC+ production increases, pressuring prices in a market expecting glut despite steady demand concerns.
Government shutdown causes widespread disruption with federal service funding cuts looming, adding to economic drag, workforce furloughs, and raising concerns about political stalemate impacts on market confidence.
Oracle shares fall sharply amid reports of razor-thin profit margins on AI cloud services using Nvidia chips, raising questions on scalability and profitability of its AI cloud offerings.
Air traffic across US airports strained by staffing shortages amid prolonged government shutdown, causing flight delays and operational challenges at major hubs.
Amid heated political conflict, President Trump signals possibilities to invoke the Insurrection Act and legal battles mount over federal National Guard deployments to US cities in attempts to assert federal authority.
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