world
Rep. Marjorie Taylor Greene will resign after fallout with Trump
Rep. Marjorie Taylor Greene supported a bill compelling the release of the Jeffrey Epstein files by the DOJ, putting her on the bad side of President Trump. Source link
Tech stocks set for big losing week as AI names get rocked after Nvidia earnings
Investors had looked to Nvidia’s earnings report to settle fears that the AI bubble is on increasingly shaky ground. Source link
Eli Lilly hits $1 trillion market value, a first for a health-care company
The pharmaceutical giant Eli Lilly’s stock has been riding the skyrocketing demand for its weight loss injection Zepbound and diabetes treatment Mounjaro. Source link
New York Fed President Williams sees room for 'further adjustment' to rates
Williams said he expects the central bank can lower its key rate from here as labor market weakness poses a bigger threat than inflation. Source link
Amazon cut thousands of engineers in its record layoffs, despite saying it needs to innovate faster
Nearly 40% of the roughly 4,700 positions Amazon eliminated across Washington, New York, New Jersey and California were engineering jobs. Source link
Oil prices and energy stocks fall sharply on Trump’s new Ukraine peace plan
Oil prices and energy stocks fell sharply on Friday morning as the U.S. pushed for a Russia-Ukraine peace deal. Source link
Japanese concerts in China are getting abruptly canceled as tensions simmer
Beijing’s latest response to Japanese Prime Minister Sanae Takaichi’s Taiwan comments is adding to uncertainty for businesses caught in the middle. Source link
Ukraine’s Zelenskyy says Kyiv ‘geared up for clear and honest work’ as U.S. pushes for progress on peace plan
Ukrainian President Volodymyr Zelenskyy said he expects to speak with U.S. counterpart Donald Trump in the coming days. Source link
Global investors battle between long- and short-term wins amid Nvidia volatility
The market is “quite confused” over the dramatic rally and reversal, one fund manager said. Source link
Foxconn highlights growing AI ambitions at 'Tech Day' as it grows beyond iPhone assembler identity
At Foxconn’s ‘Hon Hai Tech Day’ the world’s largest contract manufacturer’s evolution into an artificial intelligence-focused tech firm on full display. Source link