China’s investment slump deepened, retail sales growth slowed further in August while industrial output blew past estimates as Beijing warns of supply-demand imbalance.
Counting the votes: Warsh faces a tough battle as the Fed girds for expected interest rate hike
Traders were pricing in a better than 92% probability of a rate increase, as well as a more than 75% chance for another one in December.
Bank of America expects third-quarter investment banking fees to fall more than 10%; shares slide
The muted outlook from the country’s second-largest bank by assets could be an early signal that Wall Street’s AI boom might have hit turbulence.
Stocks making the biggest moves midday: Zscaler, CrowdStrike, Marvell Technology, Rum Group & more
These are some of the stocks posting the largest moves midday.
Warsh’s credibility is on the line this week as Trump policies put pressure on Fed to hike
With inflation above target and no visibility on lower oil prices or stability of tariffs, the Fed chairman needs to pass the test that has faced his predecessors
Prediction market traders think gas prices will hit new highs for the year
Oil prices have marched higher in recent weeks, above $100 per barrel, as tensions between the U.S. and Iran have escalated again.
Stocks making the biggest moves premarket: Intel, Marvell, CrowdStrike & more
These are the stocks posting the largest moves premarket.
China says AI CEOs’ call for a slowdown is ‘fear mongering’
Chinese state media’s reports of the daily press conference also noted that all groups should work together for AI openness and inclusivity.
Prediction markets are becoming more professionalized, but also harder to beat
The institutionalization of prediction markets threatens to erode the edge of skilled traders who earn off mispricing and market inefficiencies, experts say.
Goldman picks China healthcare stocks for a post-AI trade
Chinese stocks’ earnings tracked by Goldman Sachs grew at their highest quarterly pace in five years.