- JPMorgan terminated its banking relationship with Polymarket due to regulatory concerns, while BP and XRG partnered on a Venezuelan offshore gas development project with an estimated 4 trillion cubic feet of recoverable gas.
- DeepSeek increased its V4 model prices fourfold amid fierce artificial intelligence competition, and Reddit joined the S & P 500 to replace AvalonBay Communities.
- Charter secured final state approval for its 21.9 billion dollar Cox deal, and Tyson Foods planned to exit more beef plants amid a severe cattle shortage.
- The S&P 500 reached a record high above 7,800 points, driven by semiconductor gains and soft inflation data that reduced expectations for a September rate hike.
- SanDisk Corp. shares surged 15% following an optimistic roadmap announcement during its investor day, which projected strong margins and cash returns.
- Cooler producer and consumer price figures lowered the odds of a Federal Reserve rate hike at the September 16 FOMC meeting to approximately 34%.