Latest Business News
S&P 500 Hits Record High Amid Tech Rally
The S&P 500 surged to a new all-time high, driven by strong earnings from tech giants like Nvidia and Apple. Investors shrugged off inflation concerns as AI investments fueled gains. [1][2]
Tesla Announces $50B Buyback Program
Tesla's board approved a massive $50 billion stock buyback, boosting shares by 8% in after-hours trading. CEO Elon Musk cited undervaluation as the key reason. The move signals confidence in future growth amid EV market competition. [3][4]
Oil Prices Spike 5% on Middle East Tensions
Crude oil futures jumped 5% following escalated conflicts in the Middle East, raising supply disruption fears. Brent crude topped $85 per barrel. Energy firms like ExxonMobil saw share gains. [5][6]
Amazon Acquires Anthropic for $40 Billion
Amazon finalized its $40 billion acquisition of AI startup Anthropic, aiming to bolster its cloud and AI offerings. The deal, one of the largest in tech history, faces regulatory scrutiny. It positions AWS as a leader in generative AI. [7][8]
Fed Signals No Rate Cuts Until Q3 2026
Federal Reserve Chair Jerome Powell indicated no interest rate cuts before Q3, citing persistent inflation above 3%. Markets reacted with a sell-off in bonds. This impacts borrowing costs for businesses globally. [9][10]
China's Stimulus Package Boosts Global Markets
China unveiled a $1.4 trillion stimulus to counter economic slowdown, focusing on infrastructure and tech. Asian markets rallied, with positive spillover to Europe and US futures. Exports to China benefit Western firms. [11][12]
Boeing Secures $10B Saudi Defense Contract
Boeing won a $10 billion contract to supply fighter jets to Saudi Arabia, marking a turnaround after safety scandals. Shares rose 4%. The deal strengthens US-Saudi ties amid regional security needs. [13][14]
Bitcoin Surpasses $100K on ETF Inflows
Bitcoin broke $100,000, propelled by record inflows into spot ETFs from BlackRock and Fidelity. Institutional adoption accelerates crypto mainstreaming. Volatility persists as regulators eye oversight. [15][16]
EU Imposes Tariffs on US Tech Imports
The EU approved 25% tariffs on select US tech imports in retaliation to trade disputes, hitting Apple and Microsoft. Talks aim to resolve before escalation. Global supply chains face disruptions. [17][18]
Pfizer's Weight Loss Drug Trial Succeeds
Pfizer reported positive phase 3 results for its oral weight loss drug, rivaling Ozempic with fewer side effects. Stock jumped 12%. Launch expected by year-end, targeting $20B market. [19][20]
Adidas Reports Record Q1 Profits
Adidas posted record Q1 profits, driven by Yeezy inventory sales and strong North American demand. Revenue beat estimates by 15%. The firm forecasts full-year growth amid sportswear boom. [21][22]