CNBC Daily Open: Hoping for a half-point cut
Hope versus reality: That’s the mood among market watchers as we count down to the Fed’s interest rate decision.
U.S. decision on Nippon’s bid for U.S. Steel pushed back until after election
CFIUS is reviewing a bid by Japan’s Nippon Steel to buy U.S. Steel and has granted a request from the Japanese company to refile its takeover application.
Asia-Pacific markets mostly rise as investors await Federal Reserve’s rate decision
Japan’s imports and exports in August rose 2.3% and 5.6%, respectively, from a year ago, both missing Reuters poll estimates of 13.4% and 10% growth.
Forget Nvidia? These 2 little-known chip stocks have over 100% upside, Jefferies says
The investment bank expects the semiconductor sector to grow between 30% and 35% by mid-2025.
Nvidia vs. Alphabet: Fund manager reveals which to hold, and which to sell
Pella Funds’ Jordan Cvetanovski says one of the tech giants has “dropped the ball” and he’s getting out.
Dow closes lower, giving up 375-point pop after big Fed rate cut: Live updates
Stocks were volatile Wednesday after the Federal Reserve lowered interest rates in a half-percentage-point move.
Trump Media shares sink more than 6% two days before merger ‘lockup’ period ends
Former President Donald Trump on Friday said he will not sell his stake in Trump Media, which owns the Republican’s preferred social media app, Truth Social.
Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power
Microsoft, BlackRock and Abu Dhabi’s investment vehicle are aiming to initially raise $30 billion to invest in AI data centers and the energy to power them.
Stock market setting itself up for disappointment as it hits all-time high ahead of the Fed
As Wall Street gears up for potential rate cuts from the Fed this week, JPMorgan traders say a quarter-point cut may only exacerbate market uncertainty.
Bitcoin climbs above $60,000 ahead of Fed rate decision
Bitcoin reclaimed $60,000 on Tuesday as investors awaited details on the Federal Reserve’s rate cutting plans.
