Evening digest: markets react to Trump spending cut, Musk SEC showdown, Nvidia slump

Tech and finance headlines shook markets on Friday as Trump sparked controversy by cutting $4.9B in spending without Congress’s approval, while Elon Musk battles the SEC again over Twitter stock disclosure delays. The day started with July inflation numbers, which hit a five-month high at 2.9%, complicating the Fed’s September rate cut plans, and Markets […]