Billion-Dollar Deals, AI Shakeups & Record Highs – Global Business News Roundup (Aug 15–16, 2025)
Dow Jones Industrial Average hit an intraday record and closed up 0.08% on Friday, while the S&P 500 fell 0.3% and the Nasdaq dropped 0.4%. The U.S. 10-year Treasury yield rose to about 4.32% as traders priced in Fed rate cuts later this year.