The stock market's biggest risk this week is a hot August jobs report, BofA says
"Equities seem more excited about the cuts than concerned about a potential recession," strategists at Bank of America said.
Australia’s Economy Stays Subdued as Consumers Cut Spending
(Bloomberg) -- Australia’s economic weakness persisted in the three months through June as consumers hunkered down in the face of elevated borrowing costs and stubbornly sticky inflation.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatGross domestic product advanced 0.2% from the prior quarter, helped by government spending and matching economists’ estimate, official data showed Wednesday. From a year earlier, gro
Stocks that have underperformed are poised to catch up if the latest jobs data is strong, Morgan Stanley says
The next jobs data, due Friday, could further broaden the stock's rally beyond tech shares if nonfarm payrolls come in strong, Morgan Stanley says.
Why Palantir Stock Rallied 17.1% in August
Tech stocks rebounded, and Palantir delivered an exceptional earnings report.
Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts
Bitcoin could fall to as low as somewhere in the $40,000-$50,000 range following a September Fed rate cut in a bearish scenario, Bitfinex said in a report.
JPMorgan says Fed rate cuts won't be the rocket fuel for stocks some expect
While some on Wall Street think stocks are spring-loaded for gains after the Fed cuts interest rates, JPMorgan has a more measured view.
Watch These Zscaler Price Levels as Stock Plunges After Profit Outlook Disappoints
Shares Fell 15% in Extended Trading Tuesday
Bitcoin Dives Under $56K as Asian Equities See Red
The August reading of the Institute for Supply Management’s manufacturing index slumped for a fifth straight month with a rebound from July but remaining below the 50 threshold.
Bitcoin Dives Under $56K as Asian Equities See Red
U.S. stocks tracked by Nasdaq 100 and S&P 500 fell as much as 3.5% lower on Tuesday to kick off a historically bearish September month.
Trump Family Members Hacked to Promote Apparent Crypto Scam
The X accounts of Donald Trump's daughter-in-law and daughter were apparently hacked Tuesday evening to promote a token purportedly tied to World Liberty Financial, the upcoming crypto project touted by family members in recent days. Lara and Tiffany Trump, the wife of Eric Trump and daughter of Donald Trump, respectively, tweeted what they described as "the only official" blockchain addresses for World Liberty Financial. Not long after, Eric, the middle son of former President Trump, posted on X that the two profiles had been compromised and the addresses were a "scam."