Powell Frames Cut as “Risk Management” Amid Weakening Jobs, Tariff Risks
Yesterday, the Fed lowered the federal funds rate by 0.25 percentage point to 4.00%–4.25%, its first cut of 2023....
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Morning Wrap: Finally, the Fed
It was Tuesday, night before a likely Fed rate cut, and the markets had gone quiet, even record Nasdaq...
FDA Warns Hims Over Ads About Compounded Weight-Loss Drugs
The Food and Drug Administration sent warning letters to dozens of drug companies this month, including popular telehealth firm...
Trump Wants Companies Reporting Earnings Twice a Year — What does it mean for US markets?
President Donald Trump has revived his call for US companies to move from quarterly earnings reporting to a semiannual...
Fed Set to Cut Rates Next Week as Jobs Weakness Trumps Inflation Fears
Markets, economists, and media consensus point to a Fed September cut as labour market weakness outweighs tariff-driven inflation risks....
Easy does it, fresh peaks for Wall St
This week felt different. Because one of the country’s biggest tech companies sees its share price skyrocket by as...
OpenAI and Nvidia to Pledge Billions for UK Data Centers During Trump Visit
OpenAI chief executive Sam Altman and Nvidia’s Jensen Huang are preparing to announce a multi-billion-dollar UK data centre investment...
Supermicro Kicks Off Global Shipments of NVIDIA Blackwell Ultra Systems
Supermicro (NASDAQ: SMCI) announced Thursday it has begun volume shipments of NVIDIA Blackwell Ultra systems, marking a major milestone...
Klarna Market Debut Marks Wall Street’s Renewed Appetite for IPOs
Shares of the Swedish fintech, Klarna, rose 14% on their first day, valuing the company at over $17 billion...
Uber Sued by US Justice Department Over Disability Discrimination
The DOJ alleges Uber drivers systematically refused rides or failed to accommodate passengers with disabilities, including those with service...