The Federal Reserve is expected to issue a third straight rate cut while warning that further easing may be limited, as officials remain split over slowing job growth and stubborn inflation.
Spot silver reached $60 per ounce for the first time ever, propelled by tight supplies and growing demand. The surge is drawing fresh scrutiny as supply shortages, rising industrial demand, and speculative flows reshape silver’s traditional role.
The Bank for International Settlements says gold’s 60% surge alongside record-setting equities marks an unusual pattern that may signal speculative excess across major markets.
The EU fined Elon Musk’s X €120 million for misleading verification practices, prompting sharp criticism from U.S. officials who accuse Europe of unfairly targeting American tech companies.
Yieldstreet has rebranded as Willow Wealth after disclosing $41 million in new real estate defaults, bringing total investor losses to at least $208 million. The firm is repositioning toward third-party private market funds amid rising scrutiny over past performance.
Netflix has agreed to buy Warner Bros. Discovery for $27.75 per share in a deal valuing the transaction at $82.7 billion. The acquisition includes the Warner Bros. film studio and HBO Max, while WBD’s TV networks will be spun off separately.
The number of dollar billionaires worldwide rose by 287 over the past year, reaching 2,919 individuals as total global billionaire wealth expanded 13% to $15.8 trillion.
Chinese EV maker Lixiang has introduced Livis smart glasses priced at ¥1,999, offering hands-free vehicle controls, built-in cameras, and an AI assistant as the company expands into consumer tech.
Transcend has suspended SSD manufacturing after losing access to NAND chips from Samsung and SanDisk, leaving the company without supply for months and signaling deeper strain in the consumer storage market.
Microsoft pushed back against a report claiming it reduced growth targets for its AI products, even as multiple sales teams reportedly missed aggressive goals for Azure’s Foundry platform.
Prada has finalized its $1.4 billion purchase of Versace, bringing the iconic fashion house under its umbrella after years of pursuit and securing full regulatory approval.
Netflix has reportedly made a largely cash offer to acquire Warner Bros. Discovery in a deal valued at roughly $59 billion, positioning the streaming giant to gain control of HBO, CNN, and the Warner Bros. film studio.
Gold prices retreated from a six-week high as rising U.S. Treasury yields and investor profit-taking weighed on the metal, while silver pulled back from its record peak.
Goldman Sachs agreed to purchase Innovator Capital Management for about $2 billion, adding 159 defined-outcome ETFs and $28 billion in supervised assets to its expanding asset management business.
Apple has appointed former Microsoft and Google DeepMind executive Amar Subramanya to lead its AI division as longtime AI chief John Giannandrea steps down, marking the company’s most significant AI leadership shake-up in years.