Nasdaq Futures Lower Before Nvidia Earnings
Oil prices slid in early European trade on fresh Middle East optimism, while Nasdaq futures fell as investors anticipate Nvidia's narrative-setting earnings and U.S. inflation data.
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The Fed Chairman Is Heading to Jackson Hole Without a Clear Stance on Inflation
Kevin Warsh has kept his views on interest rates close to the vest, leaving investors and Fed officials to guess how he plans to tackle persistent inflation.
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Oil Prices Fall as Oman-Iran Talks Raise Hopes for Hormuz Reopening
Oil prices fell for a third straight day after Iran and Oman discussed establishing a temporary shipping route to temporarily reopen the Strait of Hormuz.
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Thailand Central Bank Holds Rate Steady
The move comes as continued uncertainty around the Middle East conflict and fresh fiscal anxiety about the U.S. economy kept market pricing for rates moves in flux.
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Warsh Wants to Track the Money Supply. It Keeps Flashing Red.
The money supply grew 5.41% in July from a year earlier, an indicator that inflationary pressures are growing.
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Canada Hits Back at U.S. With Tariffs Targeting Midterm Hot Spots
New duties range from 15% to 50% on about $20 billion of goods, designed to protect domestic firms' market share.
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Fed May Need to Tighten Soon Without Progress on Inflation, Fed's Collins Says
Boston Federal Reserve President Susan Collins said she was comfortable with Fed's July decision to maintain interest rates at their current target range, but leaving them there will require continued evidence that inflation is cooling.
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Stubborn Australian Inflation Adds Pressure on RBA
Australian consumer prices rose by more than expected in July.
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Overseas IPOs Are Beating New U.S. Stocks. Thank You Japan-and AI!
A fund that invests in international companies that went public in the past few years is beating its U.S. counterpart. Japan's Kioxia is a big reason why.
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Bitcoin Rally Pauses After Jumping to Three-Month High
Bitcoin eased after rising above $80,000 as the cryptocurrency's rally stalled in the absence of new positive catalysts.
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U.S. Consumer Sentiment Fell in August, Conference Board Says
The research group said its consumer confidence index fell to 89.4 from 90.2 in July as expectations for future business and labor market conditions became more pessimistic.
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Regulators Probing Near-Collapse of Hedge Fund Situational Awareness
The SEC has sought information from banks that provided financing to supercharge the hedge fund's AI-centric bets.
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Extreme Weather Is Hammering Europe's Summer Harvest, EU Says
Impacts on crops are widespread, ranging from modest declines in yields to severe harvest losses with crop failures likely in the worst-affected regions.