📈 Stocks / Finance

S&P 500, Nasdaq hit records on rate cut momentum

The Street

U.S. stock indexes rallied to all-time highs after dovish Fed signals boosted rate cut bets. The S&P 500 closed above 5,300, while the Nasdaq surpassed 18,000, reflecting renewed investor optimism around 4% borrowing costs and easing inflation pressures.

Nvidia invests $5B in Intel, stocks surge on AI chip alliance

Investor’s Business Daily

Nvidia will invest $5B in Intel stock as the firms partner to co-develop AI and PC chips. Intel shares jumped 22.8%, breaking out of a 30-week base. Nvidia rose 3.5%. The deal boosts U.S. chip competitiveness, integrating NVLink and x86 platforms across sectors.

Palantir jumps on $1.5B UK defense deal

Yahoo Finance

Palantir shares rose 4.1% after securing a UK partnership to expand AI-driven military capabilities. The deal includes up to $1.5B in investment and a new European defense HQ. Analysts remain wary of valuation, with PLTR trading at 560x earnings and 123x sales.

🪙 Crypto

SEC clears path for flood of new crypto ETFs

Investopedia

The SEC approved generic listing standards enabling faster approval of crypto ETFs. Funds can now launch if the underlying asset has a six-month futures history on a regulated exchange. The move could spark a wave of multi-asset and memecoin ETFs starting in October.

🌎 Global Economy

WTO: AI could widen economic gaps without global action

Entrepeneur

The WTO projects AI will boost global GDP by 12–13% and trade by 40% by 2040, but warns of rising inequality. Without infrastructure and education investment, low-income nations risk falling further behind. The report calls for coordinated action to prevent a deepening global divide.