Fed attack aftershocks as Trump considers firing Federal Reserve Chair Jerome Powell, causing the US dollar to drop and the 10-year Treasury yield to rise, impacting stocks. Trump later recants, but investor anxiety remains high after record stock highs. Taiwan Semiconductor sees 30% year-over-year sales growth, up from mid-20% projections, supporting strong AI chip demand. Nvidia CEO reports strong order pipeline in China for AI chips. PepsiCo beats earnings and revenue expectations for Q2, but faces challenges with price-sensitive consumers and rising costs. Starbucks receives bearish rating from Jefferies, citing concerns about consumer spending and future costs due to turnaround plan. 55% of analysts covering Starbucks rate it a Hold or Sell.

Read more at Yahoo Finance: TSMC and Nvidia are latest bullish reads on AI demand: Opening Bid top takeaways