On August 13, 2025, the S&P 500 and Nasdaq closed at record highs as the Dow jumped about 1.04% (over 460 points) with traders pricing in a 25-basis-point Fed rate cut by the September meeting. Bitcoin hit an all-time high above $124,000 on August 14, 2025, supported by rate-cut bets and pro-crypto policy moves. Bullish,…
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From Wall Street hitting new highs to an AI upstart targeting a piece of Google’s empire, the past two days brought a flurry of major developments across global business. Below is a structured roundup of the top news from August 12 and 13, 2025, spanning finance, technology, energy, retail, automotive, and healthcare. Finance & Markets…
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MolmoAct 7B, unveiled by Seattle’s Allen Institute for AI (Ai2), is a 7‑billion‑parameter open‑source model that lets robots plan 3D trajectories before execution and achieved 72%+ success on simulated benchmarks. Beijing‑based Zhipu AI released GLM‑4.5V, a 106B‑parameter open‑source visual reasoning model (12B active) with 64K context, 41 multimodal benchmarks, and 3D RoPE encoding, alongside a…
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The Reserve Bank of Australia cut its cash rate by 25 basis points to 3.6% on Tuesday, its third cut this year, with Governor Michele Bullock signaling further easing may be needed. China’s factory-gate prices fell 3.6% year on year in July while consumer prices were flat, underscoring deflationary pressures. U.S. markets were about 90%…
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Micron Technology raised its current-quarter revenue outlook to $11.2 billion from $10.7 billion, and its stock jumped about 3%. Nvidia and AMD won export licenses to resume selling advanced AI chips to China with a 15% revenue-share tariff. Intel rose about 5% on Aug 11, 2025 after White House diplomacy aimed at easing U.S.–China chip…
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The Nasdaq Composite notched its 18th record closing high of 2025. OpenAI released GPT-5 on August 7, billed as the “smartest, fastest, most useful” model, now available to 700 million ChatGPT users, with a target of a $500 billion valuation in secondary-share sales. Federal Reserve Vice Chair Michelle Bowman signaled three rate cuts likely by…
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Nasdaq Composite reached a record high for the second consecutive day on Friday, August 8, 2025, led by Apple and other tech shares. The S&P 500 rose 0.8% and the Dow Jones rose 0.5% on Friday, August 8, 2025, with Nasdaq up 3.9% for the week. The pan-European STOXX 600 climbed 0.2% on Friday and…
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NASA’s Crew-10 astronauts Anne McClain, Nichole Ayers, Takuya Onishi, and Kirill Peskov completed a 146-day mission with a splashdown off the California coast at 11:33 a.m. ET on Aug. 9, 2025, the first crewed West Coast splashdown under NASA’s Commercial Crew Program. China completed the first full-scale test of the Lanyue (“Embrace the Moon”) crewed…
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Sony raised its annual profit forecast 4% to ¥1.33 trillion ($9 billion) on tariff relief and strong PlayStation demand, with tariff impact now expected at ¥70 billion, down from ¥100 billion. Sony’s PlayStation division sold 2.5 million PS5 consoles in Q1, up 4%, helping gaming profits double on software and network services. SMIC reported Q2…
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On Aug 7, 2025, Dow Jones fell 0.5%, the S&P 500 fell 0.1%, the Nasdaq rose 0.3% to a record high, as Eli Lilly dropped 14% on weak weight-loss drug data. On Aug 7, 2025, the United States imposed about 100% tariffs on imported chips and electronics, with carve-outs for companies that manufacture in the…
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