Business news

• Elon Musk has lauded the 'social media for AI agents' platform Moltbook as a bold step for AI. Others are skeptical - Elon Musk said the platform was the "very early stages of singularity" but others are more skeptical
• Nintendo keeps its full-year sales guidance as Switch 2 momentum continues - Investors are weighing the impact of rising memory prices and the strength of Nintendo’s games pipeline ahead of the Switch 2.
• India's Nifty 50 skyrockets 5% as U.S.-India trade deal turbocharges stocks - U.S. President Donald Trump on Monday stateside said that U.S. will cut reciprocal tariff on India to 18% from 25%.
• Australia raises rates for first time since late 2023 as inflation hits six-quarter high - This comes as the country sees its highest level of inflation in six quarters.
• Gold and silver rebound after historic wipeout as analysts say thematic drivers stay intact - Gold and silver prices rebounded after suffering a historic selloff, with analysts suggesting that the recent violent correction was more a positioning reset.
• 'GameStop in 2026': How silver market has morphed into meme trading - Silver's rapid surge and equally dramatic reversal ignited questions among investors: when does an asset start behaving like a meme?
• House hardliners complicate ending government shutdown as Speaker Johnson moves ahead - The U.S. government partially shut down Saturday morning after Congress failed to pass legislation to keep it funded.
• Asia markets rise on U.S.-India trade deal optimism; gold and silver rebound - Asia-Pacific markets rose after U.S. President Donald Trump said Washington and India had struck a trade deal.
• Trump says DOJ should continue Fed Chair Powell probe 'to the end' - Sen. Thom Tillis said he would oppose any new Fed nominees until the Powell probe is resolved, the same day Trump announced Kevin Warsh as his Fed chair pick.
• Waymo announces $16 billion funding round - The Alphabet-owned company said it is now valued at $126 billion.