The S&P 500 rose 0.3%. The Dow Jones Industrial Average added 97 points. The Federal Reserve said two officials had pushed for a rate increase but were outvoted.

Anthropic plans to raise about $100 billion. First-half revenue reached $1.63 billion. Its loss narrowed to $693 million.

Three of the biggest and most important technology companies in the world are expected to show healthy growth when they report earnings this week.

Netflix on Thursday said its Chief Content Officer Bela Bajaria is leaving the company and named former Disney executive Peter Rice as her replacement.

The merger between Paramount Skydance and Warner Bros. Discovery has officially closed, completing a $111billion transaction. The combined company will operate under the name Skydance. Its shares switched from PSKY to SKYD and began trading under the new ticker on Tuesday. The merged group brings together assets including HBO, CNN and CBS alongside two major streaming services, and is controlled by the Ellison family, making it one of the largest traditional media companies ever formed.

The Trump administration has eased Corporate Average Fuel Economy (CAFE) requirements, setting a 34.9 miles-per-gallon target for 2031 model-year vehicles versus 50.4 miles per gallon under the Biden administration’s rule. Administration officials said the new standards would cut oil consumption by about 1.3 billion barrels by 2050, compared with average yearly oil use in 2024, a far smaller reduction than the Biden-era estimate of nearly 70 billion gallons of gasoline saved through 2050. The shift could further complicate California’s climate strategy as drivers already face steep costs at the pump, with gasoline averaging about $6.37 a gallon in the state, according to AAA.

Starbucks said it plans to close 250 locations across North America, including 36 in Southern California. The move is part of Chief Executive Brian Niccol’s turnaround plan after he took over in 2024, aimed at refining the store portfolio and exiting underperforming sites. The company has previously closed more than 600 stores in North America and Europe and laid off hundreds of nonretail employees. Despite reporting 7.9% growth in global comparable-store sales in July, the closures highlight ongoing cost-optimization pressure.

Uber said it will lay off about 3,300 employees, roughly 10% of its workforce, marking its largest round of cuts since 2020 to simplify management. The company said it is eliminating coordination-focused roles and cutting by 50% the number of teams made up of just one to two employees. It is also asking most remote workers to return to the office, and the stock rose more than 2% intraday after the announcement.

Meta is heading into a trial over allegations that its platforms encourage compulsive use among young users, and the company has warned a loss could bring penalties of up to $1.4 trillion. The shares fell 3.5% on Monday and another 4.5% on Tuesday as the case began. Separately, the company is expected to spend $139 billion on capital expenditures in 2025, nearly double 2024’s $69.7 billion. The scale of that spending has added to investor concerns about pressure on free cash flow.