US stock futures slipped on Wednesday after a bruising day for tech stocks, as investors waited for Target earnings and Federal Reserve minutes for clues to prospects for the economy and interest rates. The Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) both slid 0.2% before the bell. Contracts on the tech-heavy Nasdaq…
Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 3.5% in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve’s Jackson Hole symposium later in the week. The downturn in the market was largely attributed to a significant sell-off in…
With chatter today that the government is nearing taking a 10% stake in Intel, I guess I shouldn’t be shocked the bruised tech giant is hoping to gain some Street cred on its future product roadmap by tapping Softbank and Masa for cash. Embattled Intel CEO Lip Bu Tan also gains a Trump friend in…
With chatter today that the government is nearing taking a 10% stake in Intel, I guess I shouldn’t be shocked the bruised tech giant is hoping to gain some Street cred on its future product roadmap by tapping Softbank and Masa for cash. Embattled Intel CEO Lip Bu Tan also gains a Trump friend in…
President Trump has recently offered a few choice words on the work from Goldman Sachs’ economics team, led by long-time economist Jan Hatzius. The team is unlikely to garner some praise from Trump today. Here’s what Hatzius and his team served up in a new note on Monday morning: “After the recent downward revisions to…
All eyes will turn to Federal Reserve Chairman Jerome Powell on Friday, when he is scheduled to deliver a highly anticipated speech at a central bank conference in Jackson Hole, Wyo. The annual event previously has served as an opportunity for policymakers to tease forthcoming rate moves. Last year, Powell signaled a pivot to cuts,…
U.S. stock futures pointed higher on Sunday evening ahead of a critical stretch for markets as investors brace for fresh clues on rate cuts and tariffs. Futures tied to the Dow Jones Industrial Average rose 30 points, or 0.07%. S&P 500 futures were up 0.08%, and Nasdaq futures added 0.15%. The yield on the 10-year Treasury was flat at…
Markets ended the week largely unfazed by a hotter wholesale inflation print and signs of firming consumer prices, but some economists warn the underlying story is more concerning than investors seem to believe. The Producer Price Index (PPI) for July surged to a three-year high, with services inflation playing a key role in the gains….
Hong Kong developers rushed to put more than 200 residential units on the market for sale on Friday, as they took advantage of the market’s anticipation of the first interest rate cut of 2025, which may take place as soon as mid-September. Most of the flats were offered at two locations on the Kowloon peninsula….
Surging U.S. producer prices and a spike in Treasury yields have cast some doubt on a widely expected Fed rate cut in September. The S&P 500 remains near its high, however, and is banking on a cut. While a 0.25% cut remains the most likely outcome, it no longer looks guaranteed. Globally, European and Asian…