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U.S. markets pushed to fresh highs as AI optimism and mega‑cap gains offset macro uncertainty. S&P 500 and Nasdaq led the rally, the Dow rose on cyclical strength. Investors now look to the Fed’s policy decision for direction; volatility ticked up in small caps while AI and semis kept risk appetite alive.
Nvidia makes a bold bet on Nokia to embed AI into next‑gen telecoms and 6G. The pact includes a major equity investment and a technical tie-up to run AI at the network edge.
14,000 — Corporate jobs Amazon will cut as it pivots to AI.
Nvidia expands its AI supercomputing footprint with cloud partners and pharmaceutical tie‑ups. Contracts aim to fast‑track AI research and drug discovery with bespoke hardware and software stacks.
OpenAI completes a major corporate restructuring, locking in Microsoft as a strategic investor. The move clears the way for fresh capital, governance change, and closer ties with Big Tech.
Booking Holdings: Gen AI lifts conversions, travel demand steadies
Booking says generative AI tools are boosting conversions and cutting cancellations, driving a strong Q3 revenue beat and lifting market sentiment for online travel names.
More on wsj.com
Amazon begins a sweeping corporate restructuring, cutting thousands of office jobs as it pivots toward AI. The layoffs signal wider tech industry cost‑savings and automation moves.
Markets and policymakers prepare for an imminent Fed rate cut while weighing the economic fallout from a prolonged shutdown. Traders are pricing in easing even as data gaps complicate guidance.
Enphase Energy plunges after earnings; Q4 revenue guide disappoints
Enphase beat on the quarter but warned Q4 revenue would miss estimates, blaming tariffs and regional weakness — shares tumbled on the outlook cut.
More on 247wallst.com
The government shutdown is forcing a cascade of cuts and legal fights over benefits and federal jobs. Courts are intervening to block mass firings even as millions face paused assistance.
Hurricane Melissa made catastrophic landfall in Jamaica as a Category 5 storm. Emergency services warn of major damage and potential loss of life as recovery operations mobilize.
Fed set to cut rates; OCC proposes rescinding bank recovery‑planning guidelines; multiple states and AGs suing to force SNAP payments amid shutdown.
Nvidia’s CEO used a high‑profile stage to court political favor while touting US manufacturing for AI chips. The company also highlighted moves to onshore GPU production.
AI is reshaping the labor market as entry roles vanish and job cuts mount. Analysts warn younger workers face a tougher entry market even as some roles accelerate career paths.
“This is America’s Apollo moment — we must build the compute and the chips here.”
— Jensen Huang, Nvidia CEO
Big tech valuations hit new milestones as investors chase AI winners. Apple and Microsoft rejoin the $4 trillion club, reinforcing the dominance of mega‑cap names in market rallies.
Payments and AI combine as PayPal inks deals to embed wallets into ChatGPT, lifting guidance. The move accelerates commerce inside AI platforms.
Private and public capital flow into nuclear as companies and governments strike multibillion‑dollar pacts. The deals aim to revive reactor construction and domestic supply chains.
Stock market momentum remains tied to AI optimism and large cap gains. Nvidia‑led advances keep indices near records even as some sector names lag.
Chip industry consolidation and buyouts reshape the supplier landscape for smartphones and telecoms. Deals aim to shore up scale and defend margins amid AI demand.
Cloud reliability and local power concerns collide as outages reappear and data centers strain grids. Regions hosting major AI hubs face community pushback over energy costs.
Corporate and consumer cybersecurity lapses keep surfacing, from exposed company data to broad password leaks. Firms move to patch flaws as regulators sharpen scrutiny.
Crypto products keep drawing capital as new ETFs and stablecoins launch. Legacy payment firms and exchanges race to capture trading flows and tokenized assets.
Trump’s Asia tour focuses on trade, rare earths and managing competition with China. Diplomacy aims for investment wins ahead of a high‑stakes meeting with Xi Jinping.
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