Global markets react to shifting bond yields as major corporate mergers and AI developments reshape the business landscape.
Key Points
Wall Street indexes saw gains as softer-than-expected inflation data tempered expectations for Federal Reserve interest rate hikes, even as bond yields experienced historic volatility.
The merger between Paramount and Warner Bros. reached a key milestone as Mattel CEO Ynon Kreiz was appointed as co-CEO of the combined entity.
AMD has agreed to acquire the AI startup World Labs, founded by scientist Li Fei-Fei, for $8.2 billion as competition with Nvidia intensifies.
The Trump administration is promoting large-scale infrastructure projects, including a significant Alaskan gas pipeline, as part of a strategy to bolster domestic investment.
Anthropic has raised alarms regarding the advanced hacking capabilities of the GLM-5.3 AI model developed by the Chinese firm Z.ai.
The Federal Reserve’s inspector general concluded that, while a $2.5 billion renovation project was poorly managed, it involved no illegal activity or misconduct.
Consumer confidence hit a decade-long low as Americans increasingly relied on personal savings to maintain spending levels throughout August.
The Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against Harvard University to obtain data on hiring practices it alleges discriminate against white men.
ByteDance has solidified its position as China's largest data center tenant, accounting for one-fifth of the nation's capacity to support its expanding AI infrastructure.