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Markets swung on trade and policy headlines: the Dow staged a comeback while the S&P 500 and Nasdaq slipped amid U.S.-China tariff moves and a spike in risk aversion. Tech and AI names remain the primary drivers of gains; gold and silver hit records as safe-haven flows rose and the VIX climbed, reflecting elevated volatility.
Goldman Sachs launches an AI-led overhaul and warns staff of further cuts as it retools OneGS for efficiency. The bank’s strategic pivot to automation is paired with cost-saving measures after a strong quarter for dealmaking.
$15 billion – Size of DOJ’s bitcoin seizure from an alleged ‘pig butchering’ scam, the largest crypto forfeiture on record.
Big-bank profits jump as dealmaking and trading rebound, but executives warn of overheated asset markets. Results show resilience in consumer activity even as leaders flag bubble risks in some corners of credit.
Fed chair Jerome Powell signals the end of balance-sheet shrinkage could be near while warning on labor-market risks. Comments steer markets toward the idea that rate cuts may be in motion later this year.
BlackRock’s assets hit record $13.5tn as markets rally
BlackRock surged to a new asset milestone as ETF inflows and global market rallies boosted fee income and pushed assets under management to a record high.
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U.S.-China trade tensions escalate into reciprocal port fees and new tariffs, expanding the economic conflict beyond tariffs. The measures add friction to shipping and raise costs for global trade flows.
Stellantis commits $13 billion to U.S. manufacturing to boost output and jobs, restarting idled plants. The plan focuses on ramping production across the Midwest and reviving American auto capacity.
Beyond Meat plunges below $1 as investor panic mounts
Shares of Beyond Meat crashed under $1 amid investor concern over dilution and a debt-reduction plan that spooked shareholders, signalling distress for the plant-based protein firm.
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General Motors will take a roughly $1.6 billion hit as EV incentives are scaled back and emissions rules shift. The charge forces a strategic reassessment of its electric vehicle plans.
Walmart doubles down on AI by integrating shopping directly into ChatGPT to let customers buy within OpenAI’s chatbot. The move signals a major shift in retail distribution and a new front in e-commerce competition.
New U.S. tariffs on cabinets, lumber and furniture took effect while reciprocal U.S.-China port fees began; Instagram adopted PG-13 limits for teen accounts; OpenAI will loosen adult content rules for verified users.
OpenAI is loosening content controls for verified adults while forming an expert council to oversee wellbeing and safety. The company balances product expansion with new governance measures amid regulatory attention.
Stripe’s stablecoin arm seeks a federal banking charter to scale regulated issuance and custody of digital dollars. The application signals a push to bring stablecoins under bank-style oversight.
“When you see one cockroach, there are probably more.”
— Jamie Dimon, JPMorgan CEO
U.S. prosecutors seized one of the largest caches of bitcoin in history tied to an alleged Cambodian ‘pig butchering’ fraud. The action underscores intensified global enforcement against crypto scams.
A historic crypto liquidation and related market wipeout exposed leverage and centralization risks across exchanges and funds. The episode triggered record outflows from spot ETFs and a sharp repricing in digital assets.
A fragile Gaza ceasefire led to releases of living hostages while disputes over the return of deceased remains threaten to unravel the truce. Aid flows and political tensions both face immediate stress-testing.
The U.S. carried out another lethal strike on a vessel off Venezuela, drawing international scrutiny and raising regional tensions. The operation is part of a series of maritime actions the administration says target drug trafficking.
The federal government shutdown has prompted the White House to continue mass firings and layoffs, worsening operational gaps. The shutdown also delayed key announcements, including the Social Security COLA for 2026.
NASA’s Jet Propulsion Laboratory is cutting hundreds of jobs as the agency reshapes operations amid budget and program shifts. The layoffs mark a major reorganization affecting key science projects.
Precious metals are rallying as investors chase havens: gold hit fresh records and silver surged on a London short squeeze. The moves reflect risk-off flows amid trade tensions and volatile equity markets.
Cloud and AI compute buildouts accelerate as Oracle and chipmakers commit massive new capacity to serve AI demand. Vendors and hyperscalers are adding specialized hardware and giga-scale clusters for large-model compute.
Google commits tens of billions to data-center and AI hubs, ramping capacity in India and the U.S. to capture cloud and AI demand. The investments underline tech firms’ race to secure global infrastructure advantages.
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