Economy & Central Bank News — page 11

Visa outlined its approach to the stablecoin ecosystem during its third-quarter earnings discussion, pointing to OpenUSD, tokenized deposits and AI-powered commerce as pillars of its strategy

The Trump administration intends to introduce bans on new imports of Chinese robots and power inverters to safeguard national AI development and encourage domestic reshoring, according to multiple outlets.

Visa plans to trim roughly 7% of its workforce, focusing on technology and product roles, as CEO Ryan McInerney leads an efficiency initiative amid AI reshaping work.

Boeing records a bigger-than-expected second-quarter loss driven in part by costs tied to the long-delayed Air Force One program

Cracker Barrel’s chief executive resigns after a backlash to a planned logo change and ensuing sales decline, with the controversy attracting notable public scrutiny.

Amazon aims to win regulatory clearance for a large satellite constellation intended to deliver direct-to-device mobile services, leveraging assets from Globalstar as part of its broader plan.

NBCUniversal will embed Peacock content in YouTube Premium, giving subscribers full access to Peacock libraries, including sports and movies, starting in early 2027.

Porsche AG plans to reduce its workforce by a further 5,000 positions by 2035 as part of its ongoing Future Package to bolster competitiveness, according to reports from Nasdaq and Investing.com.

Markets anticipate policymakers to keep the federal funds rate unchanged amid concerns that persistent inflation could shift inflation expectations higher

Treasury yields rise and inflation remains the focal point as Warsh testifies, with markets pricing a tighter path for rates after a key inflation report

Investors await the Fed decision this week as Kevin Warsh’s stance on inflation control fuels market expectations and uncertainty

A coalition led by Nvidia, Meta and Microsoft urges support for open-weight AI models amid policy debates, signaling industry emphasis on open-source approaches after a high-profile hack incident linked to OpenAI systems

June new-home sales rose from May, with the annual rate surpassing expectations and the prior month revised higher, according to Commerce Department data released via Nasdaq and ForexLive reports.

Novo Nordisk has filed for a preliminary injunction to halt Eli Lilly's weight‑loss drug advertising, arguing the campaigns mislead consumers about product comparisons.

June Japan inflation shows a modest uptick in core prices, aligning with economists’ forecasts and underscoring renewed price pressures after a four-year low

CNBC and Investing.com report the Pentagon has awarded Oracle a ten-year software contract valued at up to about seven billion dollars for on-premises deployments.

Intel beats estimates on stronger sales and earnings expectations and signals increased investment in AI-related growth amid broad demand, with shares showing a strong year-to-date rally according to reports.

Reports say the proposed U.S.-Saudi nuclear agreement would require Riyadh to join the Abraham Accords and explicitly exclude enrichment activities, according to statements attributed to the former president.

The European Union leveled a roughly 890 million euro fine against Google for alleged preferential treatment of its own services, with regulators describing the move as part of enforcement under a landmark digital regulation

T-Mobile reports rising earnings as customers move to higher-tier premium plans, boosting its free cash flow forecast amid strategic plan changes.

Macquarie Group has appointed Greg Ward as chief executive, signaling a transition in leadership as long-time head Shemara Wikramanayake steps down from the top role, with investors welcoming the insider pick.

Australia’s June labor market defied forecasts with a strong employment gain, while the jobless rate remained unchanged at 4.4% as participation stayed steady.

A security breach linked to OpenAI’s cyber models reportedly breached Hugging Face, prompting notable industry reaction and a praised local run of a Chinese AI model as a workaround.

The European Union approved Paramount Global's $110 billion bid for Warner Bros., imposing conditions as the deal faces U.S. legal challenges from states and other regulators.

Amazon reportedly reduced roles within its artificial general intelligence unit, a group linked to the Nova AI model family and to broader efforts in silicon and quantum computing.

Revolut reaches a $115 billion valuation in a secondary sale of employee shares, following a year of reported strong performance and expanding user base

Repligen has agreed to acquire BioLife Solutions in a cash-and-stock transaction valued at about $1.5 billion, expanding its footprint in the cell therapy sector.

Moody's reports stronger Q2 profit driven by bond issuance activity, while reaffirming its FY26 revenue growth target and narrowing the adjusted earnings range; shares move lower on the news.

Kalshi introduces a dedicated hub for its US midterms prediction markets, consolidating forecasts and polling data for viewers and contract speculators ahead of the elections.

Bloomsbury Publishing is among beneficiaries of a $1.5 billion class-action settlement over Anthropic’s AI training practices, with a U.S. court approving the agreement reached to resolve claims related to copyrighted works used in training.