Global Markets Soar, Oil Slumps & Mega-Deals: Business Highlights (Aug 14–15, 2025)
The S&P 500 closed at a record high on Aug 14, while hotter-than-expected U.S. producer prices cooled hopes for aggressive Fed rate cuts. Intel shares jumped 7.4% after reports of possible U.S. government investment, but Applied Materials slashed its outlook, citing weak China demand. The MSCI World Index neared a record, and Bitcoin hit an all-time high above $124,000.