AI Jitters and Rate-Hike Fears Combine for Worst Day for Stocks Since July
A hot inflation report reset expectations for an October rate increase. Then wavering confidence in the AI trade took center stage.
----
Fed's Beige Book Shows Price Pressures May Be Intensifying
U.S. economic activity grew at a slight to moderate pace across most Federal Reserve districts in recent weeks while price pressures grew in some districts, according to the Fed's Beige Book report.
----
With China Facing More Trade Barriers, It Can't Afford to Lose Europe
Beijing's concession on hybrid vehicles shows how much it needs the European market
----
The AI trade is splintering as inflation fears rattle hyped-up tech stocks
Investors are wondering if steep inflation and increased borrowing costs could derail the AI buildout.
----
The Next I Bond Rate Looks Set to Top 5% Following Higher Inflation Data
The new rate on Treasury I bonds has been 4.26% over the past six months.
----
Apple Joins Nvidia in the $5 Trillion Valuation Club
To power the iPhone maker's next phase, Chief Executive John Ternus needs to raise its AI game.
----
The AI Boom Is Supercharging Wall Street's Profits
Investment banking revenues are up, and wealth-management divisions are winning new AI millionaires as clients.
----
Broad Pickup in Prices Lifted Inflation to 3.7% in September
The hotter reading is a sign that high energy prices are tightening their squeeze on consumers ahead of next month's midterm elections.
----
Two Cargo Ships Sink Near Strait of Hormuz, as Iranian Attacks Increase
The strikes come as the U.S. military is successfully shepherding more oil through the strait.
----
Canada Building Permits Rebound in August
The total value of building permits rose 8.8% from the month before to a seasonally adjusted 13.57 billion Canadian dollars, the equivalent of $9.55 billion, Statistics Canada said.
----
Debanking Probe Finds JPMorgan, Banks Cut Off MAGA Sellers and Democrat Groups
An investigation by a Trump regulator detailed examples of businesses and individuals getting shut out by the nation's biggest banks.
----
Fed's Bowman Says Inflation Above Goal, But No Urgency to Act
There is room to assess economic developments before taking further monetary policy action, said Michelle Bowman, the Federal Reserve's vice chair of supervision.
----
Oil Prices Rise as Traders Weigh Saudi Aramco Attack Report, Hormuz Shipping Risks
Regional tensions remained elevated after Saudi Arabia's Energy Ministry said a building belonging to Saudi Aramco in Dhahran was targeted Tuesday evening.
----
Stubborn Sellers Are the Last Thing Propping Up Home Prices
Mortgage rates above 7% might not be enough to crack home values if owners hold the line.
----
Global Diesel Squeeze to Drag Into 2027, IEA Says
Supply fell by 1.7 million barrels a day in the third quarter, as the Iran war curtailed flows through the Strait of Hormuz.
Comments