Gold recovered sharply after the Federal Reserve raised rates, holding above $4,300 and ending a three week losing streak as every surveyed Wall Street analyst forecast further gains and Main Street investors strengthened their bullish majority.
GM is restoring Apple CarPlay and Android Auto after customer and dealer resistance threatened sales, while a new split view dashboard preserves the automaker’s native applications, access to driver data, and pursuit of subscription revenue.
Bitcoin reclaimed $80,000 as ETF inflows, short covering, and bullish derivatives activity powered a broader crypto advance, while ether, binance, and solana posted even stronger gains over the past month.
The Dow recorded its worst week since March as Treasury yields climbed above 5%, oil stayed above $100 per barrel and investors absorbed the Federal Reserve’s first rate increase in three years.
Judge George H. Wu questioned whether ending TikTok’s 2019 consent decree would provide a durable remedy, potentially disrupting a proposed $400 million settlement tied to allegations that the company failed to protect children’s online privacy.
Goldman Sachs says declining happiness and trust may help explain why consumer sentiment remains deeply depressed despite solid economic indicators, raising questions about whether sentiment can still reliably predict economic dynamics.
Gold rebounded above $4,340 as lower crude prices, falling Treasury yields and a softer dollar eased pressure across markets, though additional Fed tightening and formidable technical resistance still stand between bullion and a more durable advance.
Goldman expects corporate profit growth to slow rather than collapse as the AI investment boost fades. Snider still forecasts a 14% S&P 500 rally, while Bank of America warns that investor positioning remains overly bullish.
IRS compromise approvals plunged 57% from 2023 even as applications rose 29%, leaving struggling taxpayers with fewer routes out of mounting debt while experts question staffing cuts, complicated reviews and possible changes in agency discretion.
Netflix, Nucor and Xenon Pharmaceuticals were identified among the biggest premarket movers, but the supplied material does not reveal whether their shares rose or fell, the size of their moves or any catalyst behind the activity.
Warren Buffett is relinquishing Berkshire Hathaway’s chairmanship after six decades of extraordinary growth, leaving Howard Buffett to guard its culture while CEO Greg Abel faces pressure to deploy a $365.5 billion cash reserve and revive lagging shares.
Michigan Republicans are examining Rx Kids over unrestricted payments and absent income limits, while supporters defend the maternal cash assistance initiative as flexible relief for families facing mounting economic pressure.
Gold climbed against the pound and dollar after the Bank of England held its benchmark rate at 3.75%, while persistent inflation, an energy crisis, and the Federal Reserve’s latest increase shaped the broader market recovery.
The Bank of England held rates at 3.75% despite inflation reaching 3.1%, breaking with other major central banks as dissenting policymakers warned that energy shocks and entrenched price pressures could force tighter policy soon.
Carney says Canada will determine its own international partnerships as Ottawa and Brussels explore an unprecedented associate membership structure, even as Trump dismisses the proposal and threatens Europe with heavy tariffs.
The Fed’s unanimous rate increase rattled stocks and lifted Treasury yields as Warsh emphasized inflation control. Officials largely expect another increase this year, although their projections become sharply divided in 2027 and beyond.