Jensen Huang during the China International Supply Chain Expo in Beijing (Bloomberg) — Nvidia Corp. made history last week when it became the first company ever to have a market value of $5 trillion. But that’s just one way it’s casting a shadow over the global economy. Most Read from Bloomberg The chipmaker at the…
(Bloomberg) — The Federal Reserve poured fresh fuel on the Wall Street rally this week, pushing September toward the broadest cross-asset surge since the 2021 frenzy — with fear in retreat and greed unleashed. Most Read from Bloomberg An interest-rate cut meant to cushion the weakening labor market might once have sparked caution. Instead, it…
By Lewis Krauskopf NEW YORK (Reuters) -A spate of inflation data confronts U.S. stock investors in the coming week as markets grapple with fresh uncertainty over tariffs and government bond yields, while equities hover at lofty valuations. The benchmark S&P 500 index closed at a record high on Thursday despite an uneven start to September,…
By Davide Barbuscia NEW YORK (Reuters) -News of a surprise weakening in the U.S. labor market last month jolted investors on Friday, as hefty revisions to past months raised fears the Federal Reserve may have been flying blind in recent months and may need to play catch-up with interest rate cuts. Nonfarm payrolls increased by…
By Lewis Krauskopf NEW YORK (Reuters) -Investors who have been captivated by recent geopolitical events are poised to shift their attention in the coming week to key economic data and looming policy deadlines to see if the torrid rally in U.S. stocks extends higher. The tech-heavy Nasdaq 100 tallied a record high this week while…