Global markets and political tensions intensify as US-China trade talks coincide with economic volatility and sector-specific shifts.
Key Points
US President Donald Trump and Chinese President Xi Jinping are holding high-stakes talks at the White House focused on trade, tariffs, and potential artificial intelligence regulations.
Market volatility is rising as 30-year mortgage rates in the US hit 7.03 percent, with analysts warning that 8 percent rates are a possibility amid broader economic uncertainty.
Massachusetts regulators have launched an investigation into the deployment of artificial intelligence by major gambling companies like DraftKings following reports of potential misuse.
Costco reported quarterly earnings that exceeded analyst expectations, largely driven by tariff refunds that bolstered the retail giant's bottom line.
Alibaba Group is aggressively expanding its AI roadmap, unveiling plans for a 10-trillion-parameter model and a powerful new AI chip, while simultaneously scaling its cloud data centers in Europe.
Oracle's stock price faces downward pressure as investors react to the company filing a force majeure notice regarding a major data center project in New Mexico.
Starbucks announced plans to close 250 underperforming US locations, citing a failure to meet specific customer service and financial benchmarks.
The US Department of Agriculture has initiated a recall of over 167,000 pounds of raw meat products due to the discovery of false inspection labels distributed nationwide.
Databricks continues its expansion through strategic acquisitions, including the purchase of startup Row Zero, as it seeks further growth in the data analytics space.