House Passes Trump’s $3.8T ‘Big, Beautiful’ Tax Cut Bill

Trump’s Budget Bill Clears House by Slim 215–214 Vote

House Republicans narrowly passed President Donald Trump's sweeping $3.8 trillion tax and spending bill, dubbed the 'big, beautiful' bill, featuring significant tax cuts, spending reductions including Medicaid cuts, and policy changes that have stirred investor concerns over rising deficits and market volatility.

Trump Admin Blocks Harvard From Enrolling Foreign Students

Harvard Loses International Student Visa Certification

The Trump administration escalates conflict with Harvard University by blocking its ability to enroll international students, citing concerns over foreign influence and antisemitism. This unprecedented move disrupts thousands of students and signals a broader crackdown on foreign university enrollments.

Hinge Health Debuts Strongly, Revives Digital Health IPOs

Hinge Health Pops 17% in Market Debut on NYSE

Hinge Health's IPO on the New York Stock Exchange signals renewed investor enthusiasm for digital health technology amid past market hesitations. The company’s shares surged by over 17%, marking a positive turn for health-tech IPOs.

Supreme Court Upholds Trump’s Firepower Over Agencies, Shields Fed

SCOTUS Split Backs Trump Ouster Power Except for Fed Chair

The Supreme Court delivers divided rulings, upholding Trump's authority to fire independent agency members while protecting the Federal Reserve, reflecting ongoing tensions over executive power and agency independence.

Small Plane Crashes in San Diego Neighborhood, Killing Multiple

San Diego Neighborhood Hit by Deadly Small Plane Crash

A small plane crashed into a San Diego neighborhood early Thursday, causing multiple home and vehicle fires and several fatalities including notable victims. The incident has prompted emergency evacuations and highlights aviation safety concerns.

US-China Agree to Sustain Dialogue Amid Trade and Tech Tensions

China and US Restore Diplomatic Lines as Trade Talks Loom

US and Chinese officials agree to maintain diplomatic communications amid ongoing trade and technology tensions, signaling a cautious reopening of dialogue to manage disputes and possibly avoid escalation in the complex bilateral relationship.

Big Banks Eye Joint Dollar-Pegged Stablecoin Venture

Major US Banks Explore Crypto Stablecoin Amid Regulatory Wait

Major US banks, including JPMorgan and Bank of America, are exploring a joint venture to issue a dollar-pegged stablecoin as traditional finance firms seek to challenge the growing crypto sector, pending regulatory clarity in stablecoin legislation.

European Stocks Set for Sixth Straight Week of Gains

Europe’s Equities Rally Extends Amid Robust Economic Reports

European stocks continue their winning streak, poised for a sixth consecutive week of gains, buoyed by upbeat economic data and improving investor sentiment in the region despite lingering geopolitical and global economic uncertainties.

Supreme Court Upholds Trump’s Power to Fire Agency Leaders

Supreme Court rulings reinforce Trump's expanding executive power with justices backing his authority to fire agency officials, except the Federal Reserve Chair. This judicial endorsement deepens debates on the limits of presidential control over independent federal agencies.

Democrats Decry Trump’s Exclusive Dinner with Memecoin Investors

Trump's Crypto Gala Draws Ethics Fire From Lawmakers, Activists

Democratic backlash intensifies over President Trump's private dinner with top holders of his memecoin, raising allegations of ethics violations and corruption. Congressional Democrats plan protests and legislation in response, spotlighting concerns over the intersection of politics and crypto.

Weak Treasury Auction Sends Bond Yields to Multi-Year Highs

Bond Markets Spooked as GOP Spending Sparks Yield Surge

The US bond market experiences turbulence with a weak Treasury auction and surging yields amid investor anxiety over President Trump's 'big, beautiful' tax bill and escalating fiscal deficits. This stress reflects systemic concern about America’s growing debt burden.

OpenAI Partners with UAE for Massive Stargate AI Data Center

OpenAI, Nvidia Lead $1GW AI Infrastructure Project in Middle East

Advances in artificial intelligence drive significant investments globally, with OpenAI and Nvidia among leading tech giants pioneering new data center projects such as the Stargate UAE initiative, highlighting the race for AI infrastructure dominance.

OpenAI to Acquire Jony Ive’s AI Hardware Startup for $6.5B

OpenAI Makes Big Bet on AI Devices With Jony Ive Deal

OpenAI continues expanding AI hardware capabilities by acquiring a startup co-founded by Apple design veteran Jony Ive in a $6.5 billion all-stock deal, betting heavily on AI-powered consumer technology and hardware innovation.

Intel Secures Slot in Nvidia’s DGX B300 AI Supercomputer

Intel secures a crucial role supplying CPUs for Nvidia’s DGX B300 AI systems, marking a strategic win in the competitive AI hardware sector despite Intel's stock facing volatility amid growing market headwinds.

Japan’s Core Inflation Climbs to 3.5%, Highest in Over Two Years

Japan Inflation Accelerates, Bolstering Rate Hike Expectations

Consumer prices in Japan continue to rise at the fastest rate in over two years, driven by food and energy costs, increasing pressure on the Bank of Japan and signaling potential monetary policy shifts including possible rate hikes.

Deckers Outlook Slips Amid Tariff Headwinds and Weak Hoka Sales

Ross Stores Withdraws Outlook, Cites Tariff-Driven Uncertainty

Retailers grapple with ongoing tariff impacts, with companies like Deckers and Ross Stores raising prices and withdrawing guidance due to uncertainties caused by U.S. trade policies, reflecting broader challenges in consumer markets amid rising costs.

Ralph Lauren Tops Q4 Estimates, Expects Margin Expansion

Ralph Lauren reports earnings above expectations, forecasting sales growth and modest margin expansion despite tariff pressures and consumer headwinds, signaling resilience in the premium retail sector.

Jamie Dimon Flags Stagflation Risks Amid Soaring Deficits

JPMorgan CEO Jamie Dimon warns of mounting risks to the US economy from escalating deficits, geopolitical tensions, and inflation pressures, calling attention to potential stagflation and the urgent need for fiscal discipline.

Senate Votes to Overturn California’s 2035 Gas Vehicle Ban

Senate Blocks Nation’s Toughest Gas-Powered Car Ban

The U.S. Senate thwarted California's aggressive plan to ban the sale of new gasoline-powered vehicles by 2035, signaling a shift in energy policy debates and raising questions about the future of electric vehicle mandates.

Microsoft Axes Employee Protesting AI Military Tech in CEO Speech

Microsoft fires an employee who protested CEO Satya Nadella’s speech to condemn the company’s AI technology use by the Israeli military, underscoring tensions around corporate ethics and military contracts in high-tech sectors.

Israeli Embassy Staffers Killed in Terror Attack in DC

Two Israeli Diplomats Shot Dead Outside Jewish Museum in DC

Several Israeli embassy staff were fatally shot in Washington, D.C., in an attack described as terrorism, prompting global condemnation and intensifying security concerns for diplomatic personnel in volatile environments.

Walmart to Cut 1,500 Corporate Jobs Amid Tech Restructuring

Retail Giant Walmart Slashes 1,500 Corporate Positions

Walmart announces significant corporate layoffs, cutting approximately 1,500 positions across global technology, advertising, and e-commerce teams, as part of an organizational reshaping to adapt to rapid technological changes and market pressures.