U.S. stock indexes surged on renewed expectations that the Federal Reserve will cut interest rates, sending the S&P 500 and Nasdaq to intraday record highs despite lingering fears of a U.S. government shutdown. Investors, facing a light economic calendar, leaned on central bank signals and weaker labor cues to justify
The global oil market is showing signs of a potential oversupply, even as major producers like the U.S. and OPEC+ nations maintain high output. While U.S. crude inventories recently fell, concerns remain that rising global production and a slowing demand could lead to a significant surplus in late 2025 and
A new cryptocurrency, American Bitcoin, which is reportedly backed by President Trump’s sons, is aiming to start trading in September. The announcement has created significant buzz in the crypto and financial communities.
Global stock markets are experiencing a period of volatility as investors react to a recent federal appeals court ruling that found some of the Trump administration’s tariffs were issued illegally.
Following a safety study that highlighted potential risks to minors, Meta is implementing new safeguards for its AI chatbots. The company is training its systems to avoid discussing suicide, self-harm, and eating disorders with minors. This action comes amid increasing scrutiny and a lawsuit against another tech company over the
Nestlé S.A. has announced the immediate dismissal of its Chief Executive Officer, Laurent Freixe. The decision came after an internal investigation revealed that Freixe had an undisclosed romantic relationship with a direct subordinate, a violation of the company’s Code of Business Conduct. Philipp Navratil has been appointed as the new
A “brief technology issue” at SkyWest Airlines caused a nationwide ground stop for all of its flights on Saturday, leading to widespread disruptions for travelers and partner airlines.
PepsiCo is expanding its fleet of battery-electric semi-trucks and vans in California to reduce emissions and improve operational efficiency. The company is deploying new Tesla Semis and Ford E-Transit vans as part of its “pep+” sustainability goal to achieve net-zero emissions by 2040. The initiative includes a job training program
The Kraft Heinz Company is reportedly nearing a deal to split into two separate public companies. The potential corporate restructuring comes as the food giant grapples with financial challenges and shifting consumer demands, aiming to unlock value for shareholders.
Nvidia reported stronger-than-expected quarterly earnings, driven by robust demand for its AI chips. Despite the positive financial performance, the company’s shares experienced a slight decline. Concurrently, the S&P 500 index reached a new record high, reflecting broader market optimism.
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