Market Briefing

Intel jumps, Boeing freezes

Intel shares jump on chip deal with Amazon and Biden awarding Intel up to $3 billion, Boeing freezes hiring in sweeping cost cuts during strike, Sam Altman departs OpenAI’s safety committee, and Larry Ellison dethrones Jeff Bezos as world’s second-richest man...

Fed ready

Fed ready to unshackle US economy, gunfire at Trump Golf Club latest jolt in campaign, S&P is surviving Big Tech’s slide, gold hits another all-time high, and Biden increases some of Trump’s China tariffs...

Jain sells stake

The Fast Five → Berkshire vice-chair sells more than half of his stake in company, ECB cuts interest rates to 3.5%, SpaceX performs historic first spacewalk, OpenAI releases new model with reasoning capabilities, and Interest payments on the national debt top $1 trillion...

Inflation see-saw

Strong open eyed after inflation see-saw, OpenAI fundraising vault’s valuation to $150 billion, ex-Google exec said goal was to 'crush' competition, Trump trades roiled after fiery debate, and surging demand for Nvidia’s Blackwell chips sparks customer frustration...

Clash on economy

Harris, Trump clash on the economy in first debate, the billionaires backing Trump and Harris, Google and Apple face billions in penalties, Nippon Steel exec flies to Washington in last attempt to save deal, and AMD’s CEO says the AI supercycle is just beginning...

Smartphone face-off

Trial Day 1: US argues Google created ad tech monopoly, Apple event shows off iPhone 16 with not-quite-ready AI, Huawei’s trifold phone gets 3 million pre-orders ahead of Apple iPhone event, Disney’s ‘playing hardball' with DirecTV, and Big Lots files for bankruptcy...

Bull market limps

Biggest rate cut in 16 years comes down to next inflation report, Boeing reaches deal with union to avoid strike, Fed must decide if quarter-point cut will be enough, bull market limps into 2-yr birthday, and Trump pledges ‘100% tariff’ for countries that shun dollar...

Market Week Ahead

New force on Wall Street

Markets are uneasy as a recession looks more likely, Trump says Musk would head a gov’t efficiency commission if elected, family offices are about to surpass hedge funds, top airlines' loyalty programs are under investigation, and China creates its largest brokerage to take on Wall Street...

Takeover blocked

Biden to block Nippon Steel’s takeover of US Steel, Harris pushes 28% capital gains tax, Nvidia denies receiving DOJ subpoena, Wall Street is unsettled again, and leaks reveal Russia built covert trade channel with India...