Business News (13th August, 2025)
Market & Macro Highlights Global markets rally on rate-cut optimism U.S. stock futures rose sharply, with the S&P 500 and Nasdaq at record highs, driven by a steady July inflation reading and growing expectations of a Federal Reserve rate cut. Treasury yields and the dollar weakened. Treasury Secretary pushes for sizable Fed cut Scott Bessent called for a 50 basis-point rate reduction at the Fed’s upcoming September meeting, citing stable inflation. This propelled global indices—including the MSCI World, U.S., and Japanese markets—to all-time highs. Oil prices dipped amid higher OPEC+ supply projections. Wall Street responds favorably to inflation data Markets closed sharply higher following softer-than-expected U.S. inflation numbers for July. Corporate and Industry News Perplexity bids $34.5 billion for Google Chrome In a surprising move, AI startup Perplexity launched an unsolicited takeover offer for Google’s Chrome browser—an unusual bid amid increasing regulato...