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. San Francisco Fed President Mary Daly said two rate cuts sometime this year could be appropriate given cooling labor markets and above-target inflation. Gold rose to around $3,340 per ounce, near record highs. Bitcoin briefly traded at a record $124,500 on Thursday before retreating to about $117,000 on Friday. OpenAI unveiled GPT-5 and Anthropic released Claude