Economists: Hot PPI shows Fed’s work is not done
‘We see real risks the Fed will deliver another rate hike in two weeks’ time,’ one Fedwatcher warns
Wholesale prices jumped 6.3% annually in September, biggest gain since 2022
September producer prices were expected to increase 0.6% month over month and 5.5% annually, according to the consensus estimate by Dow Jones.
This used car stock is likely to cruise higher, Bank of America says
The bank double upgraded the used car stock to buy from underperform.
AWS, Anthropic race to deploy army of specialized engineers key to proving AI spending will pay off
AWS, Anthropic, OpenAI and Google are racing to build forward deployed engineering teams as companies seek returns on their AI investments.
Memory stocks are getting hammered. China and a 2029 oversupply are the big worries
SK Hynix, Samsung and Micron have been some of the hardest-hit names in the latest tech sell-off.
Cboe to expand options trading hours for major stocks and ETFs
Cboe will offer trading on 24 of the most actively traded companies and five ETFs between 7:30 a.m. and 9:25 a.m. ET and 4:00 p.m. to 4:15 p.m. ET.
Nvidia CEO Jensen Huang urges U.S.-China dialogue on ‘potentially dangerous’ AI
Huang told CNBC he has ongoing “dialogs” with researchers in China.
U.S. reportedly considers use of ‘mother of all bombs’ as Iran vows to fight on
The U.S. military has reportedly drawn up options for strikes on Iran that include the potential use of one of the biggest nonnuclear bombs in its arsenal.
France is ‘putting the house in order’ and can slash deficit to 3% in three years, central bank governor tells CNBC
France is able to slash its huge budget deficit troubling investors across the globe, according to the head of the country’s central bank.
China indicates rare earths will keep flowing to EU, regardless of U.S. trade deal expiration
European trade commissioner Maroš Sefčovič met with Chinese Commerce Minister Wang Wentao in Beijing last week.
