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Latest financial news and analysis from global markets
GOOGL
Fed Meeting: Key Questions As Powell Passes Torch To Warsh
Federal Reserve Chairman Jerome Powell is now presiding over his final rate-setting meeting, followed by a 2 p.m. ET policy statement and 2:30 p.m. news conference. The biggest question Powell will face, as far as markets are concerned, is whether he will serve out his term as a Fed governor that runs through February 2028. The Fed's current makeup will make it challenging for Kevin Warsh, Trump's nominee to take over the Fed's helm, to ease monetary policy starting in June.
MSFT
Fed Meeting: Key Questions As Powell Passes Torch To Warsh
Federal Reserve Chairman Jerome Powell is now presiding over his final rate-setting meeting, followed by a 2 p.m. ET policy statement and 2:30 p.m. news conference. The biggest question Powell will face, as far as markets are concerned, is whether he will serve out his term as a Fed governor that runs through February 2028. The Fed's current makeup will make it challenging for Kevin Warsh, Trump's nominee to take over the Fed's helm, to ease monetary policy starting in June.
AMZN
US Equity Futures Largely Flat as Traders Await Tech Earnings, Fed Rate Decision
US equity futures were largely flat pre-bell Wednesday as traders looked forward to the financial re
MSFT
US Equity Futures Largely Flat as Traders Await Tech Earnings, Fed Rate Decision
US equity futures were largely flat pre-bell Wednesday as traders looked forward to the financial re
AMZN
AI Weekly: major partner shifts and new medicine
<body><p>STORY: From major partner shifts to new medicine, this is AI Weekly</p><p>:: AI Weekly</p><p>OpenAI is now offering its latest AI models and coding agent Codex on Amazon's cloud services platform.</p><p>That’s after the ChatGPT creator loosened its ties with long-time backer Microsoft. </p><p>It’s a major partner shift that came after the two firms renegotiated the exclusivity Microsoft had in selling OpenAI's models on its cloud platform.</p><p>Amazon and OpenAI have been deepening ties for several months, with investments and spending commitments going both ways. </p><p>______</p><p>China moved to block Meta’s $2 billion acquisition of AI startup Manus on Monday. </p><p>Beijing has tightened scrutiny of U.S. investment in domestic startups which are developing frontier technologies. </p><p>That’s as Washington tries to limit Chinese tech firms' access to advanced U.S. chips.</p><p>Manus relocated to Singapore to bypass Beijing’s restrictions…</p><p>And it’s unclear how and if an unwinding of the acquisition could now occur. </p><p>_____</p><p>Johnson & Johnson said it’s using AI to halve the time it takes to generate drug development leads. </p><p>The pharma giant is using the new technology to screen the "potential universe" for promising chemical compounds or biologics.</p><p>Although, an executive said, it’s not yet possible to discover new products outright and bringing them to market using AI.</p><p>J&J said that using this tech, it’s already accelerated the development process for two compounds - one in oncology and another in immunology.</p><p>European Parliament lawmakers failed to reach a deal on watered-down landmark AI rules.</p><p>EU countries spent 12 hours negotiating and on Tuesday and will resume talks next month. </p><p>The changes to 2024’s AI Act aims to simplify regulations to help European businesses catch up with U.S. and Asian rivals.</p><p>Europe's AI rules, considered to be the strictest in the world, came amid concerns about the impact of the technology on children, workers, companies and cybersecurity.</p><p>While proposed changes to the AI Act have drawn criticism from privacy activists and civil rights groups. </p><p>DeepSeek unveiled its new AI model tailored for Huawei chips.</p><p>And now big Chinese tech firms are rushing to secure orders of these Ascend 950 AI chips. </p><p>DeepSeek said its pro version of the V4 artificial intelligence model outperforms other open-source models, trailing only behind Google's closed-source Gemini-Pro-3.1.</p><p>Sources said firms including ByteDance, Tencent and Alibaba are reaching out to Huawei about new chip orders.</p></body>
MSFT
AI Weekly: major partner shifts and new medicine
<body><p>STORY: From major partner shifts to new medicine, this is AI Weekly</p><p>:: AI Weekly</p><p>OpenAI is now offering its latest AI models and coding agent Codex on Amazon's cloud services platform.</p><p>That’s after the ChatGPT creator loosened its ties with long-time backer Microsoft. </p><p>It’s a major partner shift that came after the two firms renegotiated the exclusivity Microsoft had in selling OpenAI's models on its cloud platform.</p><p>Amazon and OpenAI have been deepening ties for several months, with investments and spending commitments going both ways. </p><p>______</p><p>China moved to block Meta’s $2 billion acquisition of AI startup Manus on Monday. </p><p>Beijing has tightened scrutiny of U.S. investment in domestic startups which are developing frontier technologies. </p><p>That’s as Washington tries to limit Chinese tech firms' access to advanced U.S. chips.</p><p>Manus relocated to Singapore to bypass Beijing’s restrictions…</p><p>And it’s unclear how and if an unwinding of the acquisition could now occur. </p><p>_____</p><p>Johnson & Johnson said it’s using AI to halve the time it takes to generate drug development leads. </p><p>The pharma giant is using the new technology to screen the "potential universe" for promising chemical compounds or biologics.</p><p>Although, an executive said, it’s not yet possible to discover new products outright and bringing them to market using AI.</p><p>J&J said that using this tech, it’s already accelerated the development process for two compounds - one in oncology and another in immunology.</p><p>European Parliament lawmakers failed to reach a deal on watered-down landmark AI rules.</p><p>EU countries spent 12 hours negotiating and on Tuesday and will resume talks next month. </p><p>The changes to 2024’s AI Act aims to simplify regulations to help European businesses catch up with U.S. and Asian rivals.</p><p>Europe's AI rules, considered to be the strictest in the world, came amid concerns about the impact of the technology on children, workers, companies and cybersecurity.</p><p>While proposed changes to the AI Act have drawn criticism from privacy activists and civil rights groups. </p><p>DeepSeek unveiled its new AI model tailored for Huawei chips.</p><p>And now big Chinese tech firms are rushing to secure orders of these Ascend 950 AI chips. </p><p>DeepSeek said its pro version of the V4 artificial intelligence model outperforms other open-source models, trailing only behind Google's closed-source Gemini-Pro-3.1.</p><p>Sources said firms including ByteDance, Tencent and Alibaba are reaching out to Huawei about new chip orders.</p></body>
INTC
Are You Worried About a Recession? This Trillion-Dollar Stock Might Be the Best Way to Protect Your Portfolio in 2026.
Historically low consumer confidence might have investors on edge about the direction of the economy.
NVDA
Are You Worried About a Recession? This Trillion-Dollar Stock Might Be the Best Way to Protect Your Portfolio in 2026.
Historically low consumer confidence might have investors on edge about the direction of the economy.
HOOD
Stock Market Today: Dow Seesaws Ahead Of Fed Decision, Powell; Robinhood Plunges On Earnings (Live Coverage)
Stock Market Today: The Dow Jones index waffled Wednesday ahead of the Fed's interest rate decision and Powell's comments. Robinhood plunged.
BTCUSDT
Stock Market Today: Dow Seesaws Ahead Of Fed Decision, Powell; Robinhood Plunges On Earnings (Live Coverage)
Stock Market Today: The Dow Jones index waffled Wednesday ahead of the Fed's interest rate decision and Powell's comments. Robinhood plunged.
MSFT
China Patent Case Puts Microsoft Interface IP And Valuation In Focus
Microsoft (NasdaqGS:MSFT) is involved in a patent infringement case in China's Supreme People's Court concerning touchscreen and graphical user interface technology. The dispute centers on a patent held by Newman Infinite, following several unsuccessful attempts by Microsoft to invalidate the patent in earlier proceedings. The case is recognized nationally in China for its importance to software and interface patents, with potential implications for Windows and Surface product lines. For...
V
Visa Raises Fiscal 2026 Growth Outlook Following Second-Quarter Beat
Visa (V) shares rose early Wednesday after the payments giant lifted its full-year growth outlook an