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Ethereum brushes record high after Fed chair says ‘balance of risks’ is shifting
Investors interpreted Jerome Powell’s remarks as evidence for September rate cuts.
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Elon Musk tried to court Mark Zuckerberg to help him finance xAI’s attempted $97 billion OpenAI takeover, court filing shows
Musk has taken up legal arms against Sam Altman’s OpenAI, not only trying to acquire it in a hostile takeover, but claim the startup breached its contract
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Trump says Intel agreed to give the government 10% of the chipmaker. ‘We do a lot of deals like that. I’ll do more of them’
Commerce Secretary Howard Lutnick previously said the U.S. government should receive equity in return for the CHIPS Act cash grants Intel has received.
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Canada to drop retaliatory tariffs on billions of dollars’ worth of US products
Prime Minister Mark Carney announces removal of 25% levy on many goods from neighbour
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Tariff revenue will cut US deficits by $4tn, fiscal watchdog says
Congressional Budget Office estimate offsets concerns about fiscal effects of Donald Trump’s tax bill
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Powell paves the way for Fed rate cut in September
US stocks and bonds rally as central bank chair says economic risks are ‘shifting’