July PCE inflation holds at 3.3% core, sticky above Fed target ahead of Jackson Hole
The Fed's preferred inflation gauge, core PCE, rose 3.3% annually in July, matching prior month and staying well above the 2% target, complicating the rate outl
Yahoo Finance · +7 outlets
Nvidia earnings due after the bell; hyperscaler dependence, AI demand in focus
Nvidia reports quarterly results Wednesday with investors focused on whether hyperscaler capex can sustain growth and if new financing options are broadening it
Breaking News on Seeking Alpha · +3 outlets
Meta settles child social-media addiction trial with states for up to $16.68 billion
Meta reached a settlement with a coalition of state attorneys general over allegations it misrepresented mental-health harms to children, with reports putting t
US Top News and Analysis · +3 outlets
Boston Scientific hit by cyberattack disrupting product shipments, shares fall
The medical device maker disclosed a cyber incident that has disrupted its ability to ship products, with no timeline for restoration of services.
US Top News and Analysis · +3 outlets
Canada unveils retaliatory tariffs on about $20 billion of U.S. goods after trade talks fail
Canadian negotiators left the U.S. without a deal to stop President Trump's new tariffs, prompting retaliatory tariffs on American goods.
US Top News and Analysis · +1 outlets
Iran and Oman discuss joint Strait of Hormuz shipping route amid U.S. pressure
Iran and Oman are nearing a deal for jointly managed safe transit through the Strait of Hormuz as the U.S. threatens secondary sanctions on countries trading wi
US Top News and Analysis · +1 outlets
Market braces for Jackson Hole as dollar and bond markets on edge, Bessent intervention piles pressure on Warsh
Strategists warn investors are approaching Fed Chair Warsh's Jackson Hole speech 'on the back foot' amid Treasury Secretary Bessent's market intervention and st
US Top News and Analysis · +2 outlets
Intuit sinks 12% on AI disruption fears spreading from TurboTax to QuickBooks
Shares of Intuit plunged as investors worried that AI-powered alternatives could disrupt its tax and accounting software businesses, dragging down Adobe and Ser
24/7 Wall St. · +1 outlets
Amazon Mechanical Turk, called 'artificial artificial intelligence' by Bezos, is shutting down
Amazon is shutting down Mechanical Turk, the crowdsourcing marketplace launched in 2005 that let businesses farm out simple human tasks too complex for computer
US Top News and Analysis · +1 outlets
SpaceX plans to build $100 billion spaceport in Louisiana
SpaceX announced plans to establish Starbase LA in Vermilion Parish, Louisiana, designed to support thousands of launches annually.
US Top News and Analysis · +1 outlets
Citadel Securities warns massive short against long-term bonds risks painful unwind
A one-sided consensus bet against long-term bonds could set up a sharp reversal that catches investors off guard, according to Citadel Securities.
MarketWatch.com · +2 outlets
Trump's Saudi nuclear deal reaches Congress amid nonproliferation concerns
The Trump administration's civilian nuclear agreement with Saudi Arabia has been sent to Congress, where Democrats and nonproliferation advocates criticize the
US Top News and Analysis
Consumer spending posts smallest increase in seven months, economy losing steam
U.S. consumer spending rose at the slowest pace in seven months in July, suggesting economic momentum cooled after the World Cup and early Q3.
MarketWatch.com
Waymo to launch driverless rides in Germany in 2027, third market outside U.S.
Waymo announced plans to begin robotaxi operations in Germany in 2027, adding to its international expansion into the UK and Japan.
US Top News and Analysis · +1 outlets
Trillions in Treasury options bets point to bond rally as rout may be ending
Options traders are piling into massive bets on a bond rally, signaling the view that the multi-month selloff in Treasuries may be exhausted.
US Top News and Analysis · +1 outlets
Bond rout bets dominate options market as traders bet on rally
Options market activity shows massive bets on a Treasury bond rally, suggesting traders believe the multi-month selloff is ending.
US Top News and Analysis · +1 outlets
OpenAI data center chief Chris Malone out in latest executive exit
OpenAI's head of data centers Chris Malone has left the company, which said it reorganized its infrastructure organization to support scaling.
US Top News and Analysis · +1 outlets
HP partners with U.S.-blacklisted Huawei to license WiFi tech
HP is licensing Huawei's WiFi technology in a sign of adoption of the Chinese company's tech outside China despite U.S. restrictions.
US Top News and Analysis · +1 outlets