The President's summit with Chinese President Xi Jinping concluded with a fragile truce, but ongoing tensions over Taiwan and the war in Iran are driving oil prices higher. On Wall Street, the impact of artificial intelligence was on full display as Figma's stock soared on strong results, while investor Bill Ackman revealed a major new bet on Microsoft's AI potential. Other major stories include the end of Jerome Powell's eight-year term as Federal Reserve Chair and Starbucks' announcement of hundreds of corporate layoffs to cut costs.  

A news podcast encapsulating the most salient market news, brought to you by Finextra Pro and powered by Communify.

Open Finextra Pro now!