China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Fed Unveils Stablecoin Rules Under GENIUS Act 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
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U.S. stocks closed mixed Wednesday after the Federal Reserve announced a widely expected interest rate cut and signaled two additional reductions later this year. The S&P 500 dipped 0.1% to finish just below record highs at 6,626.99, while the Dow Jones Industrial Average gained 260 points, or 0.6%. The Nasdaq Composite slipped 0.3%.
The Fed reduced its benchmark rate by 0.25% for the first time in nine months, citing a cooling labor market that threatens growth despite inflation still above its 2% target. Policymakers now project three rate cuts in 2025, up from one previously forecast, though Morgan Stanley noted the consensus is fragile, with a single shift in votes cutting the median back to two. Inflation and unemployment projections for this year remain unchanged.
On Wall Street, General Mills (NYSE:GIS) shares fell as the food giant reported weaker demand in its core North America segment, with volumes down 16% year-over-year. The company reaffirmed annual sales and profit guidance but warned that category growth may undershoot long-term expectations amid cautious consumer spending and tariff-driven uncertainty.
Apple (NASDAQ:AAPL) reported a 6% drop in China smartphone sales ahead of the iPhone 17 launch, according to Counterpoint Research. Meanwhile, Lyft (NASDAQ:LYFT) stock jumped after unveiling a partnership with Waymo to bring self-driving ride-hailing to Nashville in 2026, while rival Uber (NYSE:UBER) slipped.
Workday (NASDAQ:WDAY) rose after activist investor Elliott Management revealed a $2 billion stake, showing confidence in leadership. Baidu (NASDAQ:BIDU) surged as optimism grew around its AI chip efforts, seen as key to China’s semiconductor independence push.
Markets remain focused on Fed policy, consumer demand trends, and corporate earnings as investors gauge the path forward for growth and inflation.
