The Trump administration has appealed a second federal court decision striking down its tariff regime. US Trade Representative Greer said the White House expects to win on appeal. The legal back-and-forth keeps global supply chains in limbo.
US April nonfarm payrolls rose 115,000, beating forecasts for a second straight month. The reading dents the case for rate cuts and forces investors to reprice the Federal Reserve's path. Markets now treat even a single 2026 cut as far from certain.
AI chipmaker Cerebras Systems raised the price range for its initial public offering after demand outstripped expectations. The deal ranks among the largest technology listings of recent weeks.
GameStop CEO Ryan Cohen announced a $55.5 billion takeover offer for eBay, seeing potential to make it a much bigger rival to Amazon.
Budget carrier Spirit Airlines is shutting down after failing to secure a $500 million bailout from the Trump administration. It marks the aviation industry's first bankruptcy casualty from the Iran war.
The US denied Iran's claim that it struck a US warship with missiles in the Strait of Hormuz. The US announced on Monday it will begin helping 'guide' vessels through the strait, further escalating tensions in the region.
Exxon Mobil CEO states that market has not yet fully priced in the impact of Iran war. Strait of Hormuz tensions suggest oil prices could rise further.
The Trump administration argues that the Iran war has already 'terminated' due to an early-April ceasefire, allowing it to avoid triggering the 60-day congressional notification requirement under the 1973 War Powers Resolution. This interpretation seeks to circumvent the legal requirement for presidential notification to Congress. Oil volatility reflects this dispute.
Nvidia stock closed at its first record since October as a rally in Intel pushed the entire chipmaker sector higher. Strong AI demand continues driving the technology market. The company's market capitalization has passed the $5 trillion milestone.
Apple has signed a preliminary agreement with Intel to manufacture some next-generation chips at Intel's Arizona fabs, the Wall Street Journal reported. The move aims to reduce Apple's reliance on TSMC and sent Intel shares up more than 15%.
President Trump announced a new US military operation to guide stranded ships through the Strait of Hormuz, involving over 100 aircraft and 15,000 personnel starting Monday. The move aims to ease global supply chain tensions caused by the strait's closure.
US crude oil exports have surged to record levels as Middle East supply disruptions from the Iran war benefit American producers. Tankers are flocking to the Gulf Coast to load US crude, highlighting America's growing role as a global energy supplier amid global shortages.
Low-cost carrier Spirit Airlines ceased operations overnight after failing to secure a government bailout. The airline was unable to cope with jet fuel prices doubling due to the Iran war.
Amazon, Google, and Microsoft all reported better-than-expected first-quarter cloud earnings, signalling an acceleration of AI demand. Google Cloud outpaced rivals with the strongest growth rate, capitalizing on demand for AI infrastructure and enterprise AI applications. The results show that the trillion-dollar AI investment thesis is translating into real revenue growth.
The Federal Reserve held rates steady in what was Jerome Powell's final decision as Fed chair. Powell's press conference addressed the US-Israel war with Iran, persistent inflation concerns, and the Fed's institutional independence amid political pressure.
Elon Musk testified in his lawsuit against OpenAI, claiming Sam Altman sought to convert the non-profit AI lab into a for-profit entity to gain full control. The trial exposes the power struggle inside one of the world's most influential AI companies.
The Trump administration withdrew its delegation from US-Iran negotiations, ending diplomatic efforts. Oil prices surged above $110 as the S&P 500 and Nasdaq hit fresh record highs, though uncertainty continues to unsettle investors.
Meta is laying off 10% of its workforce while Microsoft announced employee buyout programs for the first time in its 51-year history. Big Tech's massive AI spending is now translating into significant job cuts across the sector.
A Pentagon internal email outlines options for the US to punish NATO allies, including suspending Spain from the alliance, over perceived insufficient support for US efforts in the Iran conflict. The proposal reflects Trump administration pressure on allies to align with its Iran policy.
SpaceX announced it has secured the rights to acquire AI coding startup Cursor for $60 billion later this year or pay $10 billion for collaborative work. The deal reflects growing competition in AI-powered development tools.
The US economy added 115,000 jobs in April, beating economist estimates of 95,000. The print bolstered bets that the Federal Reserve will be slower to cut rates this year and lifted the dollar against major peers.
The Federal Reserve held interest rates steady at 3.50-3.75 percent as expected, but the board vote showed the highest level of dissent since 1992. Jerome Powell announced he will continue serving as a Fed governor after his term as chair ends in mid-May.
President Trump announced the US will not send a delegation to Pakistan for planned Iran negotiations. This move signals continued US-Iran tensions and elevated oil market volatility, with crude surging past $104 per barrel.
The US Justice Department has dropped its investigation into Federal Reserve Chairman Jerome Powell following President Trump's earlier allegations regarding improper cost overruns in the Fed's building renovation. The decision marks an important moment for central bank independence.
Senator Thom Tillis has lifted his block on Trump's Federal Reserve chair nominee Kevin Warsh after the Justice Department dropped its probe into current Fed Chair Jerome Powell. This clears the way for Warsh's confirmation and marks a major Trump victory on policy appointees.
President Donald Trump was quickly evacuated by Secret Service from the White House Correspondents' dinner after gunshots were fired near the venue. A suspect was arrested and one officer was shot. The incident sends shockwaves through Washington's political elite.
Oil prices exceeded $104 a barrel on an unconfirmed report that Iran's chief negotiator resigned, signaling reduced chances of diplomatic resolution and potential escalation. The market is driven by fears of supply disruptions in the Strait of Hormuz.
Tesla beat profit expectations despite missing revenue targets in Q1 2026. Auto gross margins expanded as the company benefited from higher prices and production efficiency gains, offsetting EV market saturation concerns.
The Trump administration is preparing a rescue package for struggling budget carrier Spirit Airlines amid fuel cost pressures from the Iran war. The move reflects broader airline sector challenges as fuel expenses soar.
US President Donald Trump announced he will extend the ceasefire with Iran until peace talks progress. The move has impacted global oil markets, causing price fluctuations. Middle East uncertainty is affecting multiple sectors from airline tickets to fuel costs.
Amazon Pharmacy has launched a new weight-loss program providing access to medications including Novo Nordisk's Wegovy and newer oral GLP-1 options. The move marks Amazon's entry into a rapidly growing healthcare technology segment with significant revenue potential.
A US federal trade court struck down President Donald Trump's backup tariff plan, ruling it violated US law in a significant legal setback for the White House. The decision sets a binding limit on the administration's tariff toolkit. On the same day, Trump gave the European Union a new July 4 deadline to ratify a trade deal.
4x AI training improvement announced.
The US and Iran exchanged fire in the Strait of Hormuz, threatening the fragile ceasefire. Oil prices jumped while stock futures retreated. Markets fear escalation could disrupt the fragile truce and roil energy supplies.
Nvidia will invest up to $3.2 billion in optical fiber maker Corning, with the company opening three new advanced manufacturing plants in the US dedicated to supplying AI data centers.
S&P closed at all-time high.
The US government has launched an online portal allowing businesses to apply for tariff refunds, with total repayments expected to reach $160 billion. Experts warn, however, that most of the savings are unlikely to be passed on to consumers.
Trump administration is set to lead a high-level delegation to China next week, with Boeing CEO Kelly Ortberg and Citigroup executives joining the trade mission. The trip was delayed by approximately six weeks due to the Iran conflict, signaling renewed focus on US-China relations and potential trade negotiations.
A BBC investigation has identified a systematic pattern of spikes in stock and crypto trades immediately before public announcements by President Trump. The findings are reigniting insider trading concerns over the Trump presidency.
Global stock markets jumped on reports of progress toward a US-Iran peace deal after days of escalation. Oil prices fell as investors expressed relief at signs the Middle East tensions could ease.
AI startup Anthropic says it is facing unprecedented demand for its Claude models and is leaning on a fresh $5 billion commitment from Amazon to scale its infrastructure. The deal reinforces Amazon's position as the primary cloud partner for one of the leading AI labs.
US-Iran ceasefire negotiations have hit an impasse, with President Trump threatening to destroy Iran's infrastructure if a deal is not reached, while analysts warn that American negotiators may be outmatched by Iran's experienced diplomatic team. Markets are watching closely as the deadline approaches, with oil prices volatile and Asian equities mixed.
Oil prices are retreating as investors weigh conflicting signals on Iran peace negotiations ahead of ceasefire deadline, reversing Monday's 7% WTI and 5% Brent gains. Mixed messaging from Trump and Iranian officials is keeping energy markets on edge.
Kevin Warsh, President Trump's nominee to chair the Federal Reserve, told Congress the central bank must 'stay in its lane' and focus squarely on fighting inflation. In his confirmation testimony, Warsh mentioned the labor market only once, signaling a hawkish policy tilt.