PR Primespot – Business, Finance, World & U.S. Politics

Fed Chair Warsh: Rate Hikes Possible if Inflation Persists

Federal Reserve Chair Kevin Warsh said at the Jackson Hole Economic Symposium that inflation remains too high, and more interest-rate increases could be needed.

Nvidia Reports $96.2B Revenue, Forecasts $108B Next Quarter

Nvidia reported $96.2 billion in fiscal second-quarter revenue, up 106% from a year earlier, and adjusted earnings of $2.22 a share.

Julio Herrera Velutini: Conservative Capitalism in Latin America

Born in 1971 into the Herrera-Velutini banking dynasty, Julio Herrera Velutini became patriarch at 28 — a quiet force in Latin American finance and politics.

BUSINESS

Meta Agrees to Pay Up to $18B, Add Teen-Safety Rules

Meta agreed to pay up to $18 billion over 10 years and change how minors use Facebook and Instagram, resolving claims brought by nearly all U.S. states.

Dick's Sporting Goods Stock Falls 31% on Foot Locker Woes

CNBC

Tyson Foods Closes Illinois, Utah Plants, Cuts 3,200 Jobs

KSL.com

U.S. Manufacturing PMI Reaches Its Highest Level Since 2022

Bloomberg

Finance

Stocks End Choppy Week as Fed Cuts Rates, Yields Climb

The Federal Reserve's rate cut couldn't stop rising Treasury yields and a strong dollar from handing the S&P 500 a losing week, despite Oracle's earnings rally.

Housing Inventory Grows as 30-Year Rate Approaches 6.7%

US-Canada Trade Talks Collapse as Tariffs Hit 50% Today

U.S. Clean-Energy Investment Rises 22% to $75B in Q2

U.S. investment in clean energy and transportation totaled $75 billion in the second quarter of 2026, a 22% increase from the previous quarter.

S&P 500 Hits Fresh Record as Investors Weigh Inflation Data

The S&P 500 set a record in August as technology shares, corporate earnings and softer inflation data supported a broad market advance.

World

Messi Retires From Argentina's National Team, After 21 Years

In Nepal-China Floods Leave Hundreds Dead, Thousands Missing

U.S.-Venezuela Oil Accord Covers 65B Barrels of Oil Reserves

President Donald Trump said the United States had secured majority control of interests tied to more than 65 billion barrels of Venezuelan oil reserves.

Nvidia, Nokia Expand AI-RAN Work as Carriers Test 6G Rollout

Nvidia and Nokia are developing commercial AI-RAN products that combine accelerated computing with radio-access network software.

TSMC Adds $100 Billion to Its Arizona Manufacturing Plan

Taiwan Semiconductor Manufacturing will invest another $100 billion into U.S. chipmaking, bringing its total announced American commitment to $265 billion.

Researchers Use AI to Fully Read Herculaneum Scroll Unopened

Vesuvius Challenge researchers virtually unwrapped and read PHerc. 1667, the first Herculaneum scroll ever recovered end to end without being physically opened.

US

Army Secretary Driscoll Quits Amid Reported Hegseth Tensions

Army Secretary Dan Driscoll resigned and said September 2 would be his last full day in the role.

U.S. Student-Loan Debt Nears $1.9 Trillion Mark, Rules Shift

U.S. student-loan balances approached $1.9 trillion in the first quarter of 2026 as federal borrowers moved into a new repayment framework.

FDA OKs First mRNA Seasonal Flu Shot for Adults 50 and Older

The Food and Drug Administration approved Moderna's mFLUSIVA, the first U.S. seasonal influenza vaccine based on messenger RNA technology.

FAA Bets $875M on AI to Fix America's Overcrowded Skies

The FAA hired startup Air Space Intelligence to build an AI system that eases flight delays, but critics say it won't fix staffing and infrastructure gaps.