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THE NEWS ARCHIVE
Every published Economy / Markets report, newest first.
Economy / Markets
The US Census Bureau and the Department of Housing and Urban Development will publish August new residential sales at 10:00 ET on Thursday, after July sales fell 10.5% month-on-month to a seasonally adjusted annual rate of 607,000 — the slowest pace since January and 6.3% below a year earlier.
Economy / Markets
S&P 500 futures were little changed in early Wednesday trade after the benchmark closed flat at 7,764.64 on Tuesday, the Nasdaq held at 27,244.28 after Monday's record, and the Dow eased 0.36% to 51,863.69 with UnitedHealth, Caterpillar and Goldman Sachs each down about 1%.
Sources Charles Schwab
Economy / Markets
Saudi Arabia restarted operations at its East-West Pipeline on Tuesday and was loading its first cargo for China at the Red Sea port of Yanbu the same day, according to three sources, restoring part of its ability to export crude without going through the Strait of Hormuz.
Economy / Markets
JPMorgan, Jefferies and UBS lifted their forecasts for Meta after its Muse consumer AI assistant hit 2.8 million downloads in 12 days, outpacing the 1.3 million ChatGPT recorded in its equivalent launch window per Apptopia data cited by Reuters.
Sources Reuters via SRN News
Economy / Markets
S&P 500 futures were little changed in early Wednesday trade after the benchmark closed flat at 7,764.64 on Tuesday, the Nasdaq Composite held at 27,244.28 after Monday's record, and the Dow Jones eased 0.36% to 51,863.69 with UnitedHealth, Caterpillar and Goldman Sachs each down about 1%.
Economy / Markets
Three sources briefed on the matter confirmed on Tuesday that Saudi Aramco has resumed operations along the East-West pipeline and plans to reload a cargo at the Red Sea port of Yanbu, ending the two-week outage triggered by drone strikes launched from Iraq.
Economy / Markets
The Nasdaq Composite jumped 2.26% to 27,122.09 on Monday for its first closing high in nearly four months, while the S&P 500 advanced 1.49% to 7,764.70 and the Dow Jones Industrial Average rose 0.71% to 52,048.83.
Economy / Markets
President Donald Trump will personally greet President Xi Jinping at Joint Base Andrews on Tuesday evening ahead of Thursday's White House summit and a state dinner that Nvidia chief Jensen Huang is expected to attend.
Economy / Markets
Brent crude rose 0.84% on Tuesday to $101.18 a barrel after four straight sessions of declines, with the market balancing hopes of a Trump-Pezeshkian meeting at the United Nations against the fact that Saudi Arabia has continued moving roughly 2.9 million barrels per day through the Strait of Hormuz.
Sources Trading Economics
Economy / Markets
For the first time since July 2023 the Federal Reserve and the European Central Bank have moved in the same direction in the same week, with both raising their policy rates by 25 basis points and both pointing to additional tightening ahead. The Fed's move, Kevin Warsh's first as chair, took the federal funds rate to a range of 3.75 to 4.00 percent and signalled a median endpoint of 4 to 4.25 percent by year-end, with 16 of 18 officials projecting at least one more hike in 2026. The ECB cited continued pressure from the Middle East conflict on energy prices and inflation. The combined message.
Economy / Markets
Gold is on track to close September down roughly 22 percent from the $5,589.38 an ounce record reached earlier this year, with StoneX analysts describing the move as the safe-haven trade starting to unwind alongside shifting US rate expectations.
Sources StoneXHindustan Times
Economy / Markets
The European Central Bank's Governing Council on Thursday raised its three key interest rates by 25 basis points, citing continued pressure on inflation from the Middle East conflict and energy markets.
Economy / Markets
The Federal Reserve raised its benchmark interest rate by 25 basis points on Wednesday, the first move since July 2023 and chair Kevin Warsh's first hike, taking the federal funds rate target range to 3.75 percent to 4.00 percent by a unanimous 12-0 FOMC vote.
Sources MoneycontrolANI via Etv Bharat
Economy / Markets
The pan-European Stoxx 600 closed Friday down 1.1 percent at 635.45, giving up almost all of its gains from the prior two sessions, with the FTSE 100, DAX and CAC 40 all shedding between 1.49 and 1.6 percent on the day.
Sources FXBus
Economy / Markets
Brent crude settled at $103.87 a barrel on Friday, down 0.91 percent, and West Texas Intermediate closed at $100.30, down 1.58 percent, as traders priced in progress on restoring flows through Saudi Arabia's damaged East-West Pipeline.
Sources Business News Report
Economy / Markets
Wall Street ended Friday's session mixed, with the S&P 500 up 0.17 percent to 7,650.50 and the Nasdaq Composite up 0.39 percent to 26,522.54 while the Dow Jones Industrial Average slipped 0.18 percent to 51,682.64.
Sources WAM (Emirates News Agency)
Economy / Markets
The European Central Bank raised its three key interest rates by 25 basis points on 10 September, taking the deposit facility to 2.50 percent, the main refinancing operations rate to 2.65 percent and the marginal lending facility to 2.90 percent, effective 16 September.
Sources European Central Bank
Economy / Markets
The Bank of Japan raised its policy rate by 25 basis points to 1.25 percent on Friday in a 7-2 vote, the highest level since 1995, but the yen weakened as traders focused on dissenters Toichiro Asada and Ayano Sato who voted for a hold and a lack of hawkish forward guidance from Governor Kazuo Ueda.
Sources Business Times
Economy / Markets
US stocks closed mixed on Thursday with the Nasdaq 100 up 0.79 percent and the S&P 500 up 0.04 percent, while the S&P 500 Equal Weight fell 0.39 percent and the Russell 2000 lost 0.50 percent, underscoring narrow breadth led by mega-cap tech.
Sources 404K Semi-AI
Economy / Markets
European equities advanced on Thursday with the pan-European STOXX 600 up 0.9 percent to 642.6 points as falling oil prices and a halt to the global bond sell-off boosted risk appetite.
Economy / Markets
US equities snapped a three-session losing streak on Thursday, with the Dow up 0.61 percent to 51,778.18, the S&P 500 climbing 1.14 percent to 7,637.73 and the Nasdaq Composite advancing 1.69 percent to 26,418.30 as falling oil prices and softer Treasury yields offset the Federal Reserve's hawkish 25 basis point rate hike on Wednesday.
Economy / Markets
The Bank of Japan raised its policy rate by 25 basis points to 1.25 percent on Friday, the highest level in 31 years, in a 7-2 vote that delivered its second hike in three months and the sixth since exiting ultra-loose policy in 2024.
Sources ReutersAlpha Pilot
Economy / Markets
US stock futures turned positive in Asian hours on Thursday after the Dow fell 631 points, or 1.21 percent, to 51,461.90 on Wednesday and the S&P 500 slipped 0.45 percent to 7,551.81 following the Fed's hawkish hike.
Economy / Markets
The Federal Reserve raised its benchmark federal funds rate by 25 basis points to 3.75–4.00 percent on Wednesday, its first increase since 2023, with new Chair Kevin Warsh joining the unanimous vote.
Economy / Markets
Brent crude settled 2.69 percent lower at $105.83 a barrel on Wednesday and US West Texas Intermediate fell 3.2 percent to $102.43 after Saudi Arabia offered additional cargoes through Oman following drone strikes on the kingdom's East-West pipeline.
Sources News Directory 3Vibe Trader
Economy / Markets
The Federal Reserve is widely expected to raise its benchmark interest rate by 25 basis points on Wednesday, ending a near-three-year easing cycle and putting the central bank at odds with President Donald Trump's preference for a cut.
Sources Associated PressCrypto Briefing
Economy / Markets
Brent crude held above $106 a barrel in Asian trade on Wednesday, with analysts warning that Saudi Arabia's East-West pipeline remains shut after last week's drone strike from Iraq and Riyadh has not disclosed a repair timeline.
Sources CNBCOilPrice.com
Economy / Markets
Gold slipped from recent record highs on Tuesday as traders squared positions ahead of Wednesday's Federal Reserve decision, with spot XAU/USD quoted near $4,283 an ounce against a backdrop of elevated US 10-year real yields.
Sources 150CurrencyFortune
Economy / Markets
Bitcoin traded around $77,593 on Tuesday, down 0.01% on the day, with 24-hour volume of $20.6bn on major spot exchanges and dominance at 58.15% as broader crypto slipped 2.31%.
Sources Crypto Market CapCoinStats
Economy / Markets
Spot gold fell 0.2% to $4,288.49 an ounce in early Asian trade on Tuesday as CME FedWatch priced a 92.4% probability of a 25bp Fed hike at Wednesday's FOMC meeting; the US 10-year Treasury yield held above 5% for the first time since 2023.
Economy / Markets
Brent crude rose 1.18% to $106.93 per barrel in early Asian trade on Tuesday, with US WTI up 1.24% at $102.65 after gaining 1.3% on Monday. The Saudi East–West pipeline, which reroutes around 4 million barrels a day — about 4% of global supply — to Yanbu on the Red Sea, remains offline after drone strikes, and the kingdom could exhaust export capacity within days if it does not restart operations.
Economy / Markets
Brent crude is back above $100 a barrel and trading near $108 in early Asian hours on 14 September after a weekend that removed two layers of the world's previous workaround for the Iran-controlled Strait of Hormuz: a drone strike from Iraqi territory forced Saudi Arabia to shut its 1,200 km East–West pipeline, and the planned Iran–Gulf meeting in Muscat on a possible shipping corridor was postponed 'in the interests of consensus'. JPMorgan estimates every extra month of disruption could add $7–8 per barrel to Brent. The risk-off tone carried into equities as the KOSPI opened 3.14% lower.
Sources Reuters via Word Up NewsReuters via Daily Times (Pakistan)SwingFish (Reuters/Investing.com wire)Tokyo TechFlowPost (US Stock Market Trends, 14 Sept)
Economy / Markets
South Korea's KOSPI opened 3.14% lower at 6,692.61, with SK Hynix sliding about 5.1% as semiconductor and rate-sensitive names led the selloff. Foreign investors were net sellers of 1.3337 trillion won in equities while individuals bought 1.539 trillion won.
Sources Gate NewsSeoul Economic DailyYonhap via Lokmat Times
Economy / Markets
Saudi Arabia confirmed on Friday that several drones launched from Iraqi territory hit its 1,200 km East–West pipeline in the Riyadh and Medina regions, and Riyadh shut the line as a precaution, removing a corridor that had been moving 4–5 million barrels a day, or roughly 4% of global supply, since the Strait of Hormuz was disrupted.
Sources Reuters via Daily Times (Pakistan)Startup FortuneThe New Region via AzerNews
Economy / Markets
Brent crude gained about 3% to trade near $108 a barrel in early Asia on 14 September while WTI climbed roughly 2.8% to around $99.33, after Iran and Oman's planned Muscat meeting on a possible Strait of Hormuz shipping corridor was postponed 'in the interests of consensus'.
Sources Reuters via TBS NewsSwingFish (Reuters/Investing.com wire)Gate News (Jin10 wire)
Economy / Markets
China's August trade data validated the exporter-resilience thesis with exports up 25% year-over-year, imports up 28.2%, and the trade surplus widening to $119 billion, even as the domestic economy awaits stimulus.
Sources Gramercy EM Weekly
Economy / Markets
Brent crude closed Friday at about $104 a barrel, down roughly 2.9% on the day after the International Energy Agency's September Oil Market Report cut its 2026 global oil demand forecast by 940,000 barrels per day, projecting a 2.5 million b/d annual decline — the deepest since 2020.
Economy / Markets
The 30-year US Treasury yield closed above 5.32% on Friday — its highest level since 2007 — after peaking at 5.37% intraday as markets priced a near-90% probability of a 25 bp Fed hike at the September 15-16 FOMC meeting, up from about 70% before Friday's hot August CPI print.
Sources Gramercy EM Weekly
Economy / Markets
KeyBanc Capital Markets warned Apple's September 9 iPhone event could become a negative catalyst for the stock, citing $150 to $200 price hikes across the iPhone 18 Pro line colliding with lower unit-volume expectations and historical announcement-day weakness.
Sources MacRumors
Economy / Markets
Reuters reported that Federal Reserve rate futures are pricing about an 85 percent chance of a quarter-point hike at the September 15-16 FOMC meeting following Friday's hotter-than-expected core CPI reading.
Sources Reuters
Economy / Markets
The Bureau of Labor Statistics reported August consumer prices up 0.4 percent month-over-month and 3.4 percent year-over-year, matching consensus, while core CPI rose 0.3 percent against a 0.2 percent forecast.
Sources WSJ
Economy / Markets
Oil prices are set to end the week above $100 a barrel for the first time in nearly four months, with Brent up about 1 percent at $108.68 and WTI near $103.45 in early Asian trade on Friday.
Sources Reuters
Economy / Markets
The European Central Bank raised its deposit facility rate by 25 basis points to 2.50 percent on Thursday, the second hike since the Iran war pushed energy prices higher, and lifted both its growth and inflation projections.
Sources European Central Bank
Economy / Markets
The US Bureau of Labor Statistics will publish the August 2026 Consumer Price Index at 8:30 a.m. ET on Friday, the final major inflation print before the Federal Reserve's September 16 FOMC decision.
Sources U.S. Bureau of Labor Statistics
Economy / Markets
The European Central Bank's Governing Council is expected to raise its three key policy rates by 25 basis points at its Berlin meeting on Thursday, lifting the deposit facility rate from 2.25% to 2.50% as eurozone inflation stays anchored above target by an Iran-driven energy shock.
Economy / Markets
Christine Lagarde will lean on the European Central Bank's updated staff macroeconomic projections when she speaks after Thursday's rate decision to frame the expected 25 basis point hike as insurance against the Iran-driven energy shock rather than the start of a sustained tightening cycle.
Sources The KapitalBusinessWorld
Economy / Markets
The Bureau of Labor Statistics releases the August Producer Price Index at 8:30 a.m. Eastern on Thursday, with consensus expecting a 0.3% monthly rise before Wednesday's Fed September meeting on September 16-17.
Sources WEEXSigmanomics
Economy / Markets
The European Central Bank's Governing Council meets September 9-10 in Berlin, hosted by the Deutsche Bundesbank, with the rate decision and Christine Lagarde's press conference scheduled for the second day.
Sources Euronext (live)
Economy / Markets
Brent crude pushed back to the $99 handle in early Asian trading on September 9, with WTI near $94.60 and an intraday Brent high of $99.67, after the US struck several Iranian tankers near Kharg Island and Iran retaliated with ballistic missiles toward Jordan.
Sources Trading EconomicsReuters
Economy / Markets
The BLS releases the August consumer-price index on Thursday, September 11 at 8:30am Eastern, with consensus calling for a 0.2% monthly rise in headline CPI and an annual rate around 3.4%, little changed from July's 3.36%.
Sources Morningstar
Economy / Markets
Prediction markets and CME fed funds futures continue to price a near-coin-flip chance of a 25-basis-point Federal Reserve hike at the September 15-16 meeting, with Kalshi at 50.0% and CME implied at 57.9% on the latest cross-venue capture.
Sources PredictionMarketsPicksReuters
Economy / Markets
The European Central Bank's Governing Council meets September 9-10 in Berlin, hosted by the Deutsche Bundesbank, with the rate decision and Christine Lagarde's press conference scheduled for the second day.
Economy / Markets
Brent crude rallied through September but remained under $100 a barrel on September 8, even as US-Iran escalation has disrupted Gulf exports through the Strait of Hormuz and the Red Sea.
Sources Trading EconomicsReuters
Economy / Markets
The week of 7 to 14 September carries five catalysts. First, the ECBs 9 September decision is priced for a 25-basis-point hike to 2.75%; the question is whether the statement opens the door to a December follow-up. Second, Apples 9 September event is new CEO John Ternuss first keynote and the expected debut of the first foldable iPhone Ultra. Third, the Ballon dOr 2026 nominees are announced on 8 September, with the ceremony in London on 26 October. Fourth, oil is repricing a Hormuz premium. Fifth, the NYT investigation into Aivres tests whether US export controls reach remote Chinese compute.
Sources ECB Watch ToolMacRumors — Apple September 2026 event previewbeIN Sports — Ballon d'Or 2026 nominee announcement dateThe New York Times — Inspur Aivres Blackwell chips
Economy / Markets
The week of 7 September frames the most synchronised monetary tightening cycle of 2026. The ECB's 9 September meeting is priced at 100% for a 25-basis-point hike to 2.75%, with futures implying a 75% chance of a follow-up to 3.0% by December. The 162,000 August payrolls print pushed Fed September hike odds to 58.4% and the 2-year Treasury yield to 4.377%, its highest since January 2025. The Bank of Japan is now seen at 75% probability of a quarter-point hike on 18 September. The common driver is energy: Brent crude is near USD 96.80 after US strikes on three Iranian tankers.
Sources ECB Watch ToolReuters via LSE — Global Markets AsiaFree Malaysia Today — Wall Street ends lower
Economy / Markets
ECB Watch Tool prices a 100% probability of a 25-basis-point ECB hike to a 2.75% deposit rate on September 9, with futures implying a 75% chance of another move to 3.0% by year-end.
Sources ECB Watch ToolReuters — ECB to raise rates a second time in September, but then done
Economy / Markets
US stocks fell on Friday after the Bureau of Labor Statistics reported 162,000 nonfarm payrolls for August against a 53,000 consensus, with June and July revisions adding another 55,000 jobs and the unemployment rate steady at 4.1%.
Sources Free Malaysia Today — Wall Street ends lowerSwingfolio — US week recap
Economy / Markets
Asian equities rallied on Monday as Friday's 162,000 August payrolls print was read as supportive for global growth, while oil extended last week's 8-10% rally after US forces struck three Iranian tankers and Iran's Revolutionary Guards fired ballistic missiles at two US Navy ships.
Economy / Markets
The European Central Bank's next monetary policy meeting is scheduled for 9 September, with ECB Watch Tool showing markets imply a 100% probability of a 25bp hike that would lift the deposit facility rate from the current 2.25% to 2.50%.
Sources ECB Watch — market-implied probabilitiesECB — official interest rates
Economy / Markets
The seven core OPEC+ members — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman — are due to meet online at 11:00 GMT on Sunday to review October production policy, Reuters reported via OilPrice on 3 September.
Sources OilPrice.com — Reuters report
Economy / Markets
The Schwab Market Update for the week ending 5 September reported that US payrolls surprised to the upside, with the August print running roughly triple the average economist forecast, leisure and hospitality adding 59,000 jobs and July being revised from negative to a gain of 21,000.
Economy / Markets
Markets and economists enter the European Central Bank's 9-10 September meeting in Berlin with a near-unanimous expectation of a quarter-point deposit-rate hike to 2.50 percent, the second and likely last move of a tightening cycle that would still be the ECB's shortest in 15 years.
Sources European Central Bank — monetary policy statementEurostat — Euro indicators
Economy / Markets
Eurostat confirmed on 1 September that euro area annual inflation reached 3.3 percent in August, the highest since September 2023, driven by energy inflation jumping to 14.3 percent from 10.3 percent in July amid the Middle East war, with services inflation easing to a four-month low of 3.0 percent and core inflation at 2.4 percent.
Sources Eurostat — Euro indicatorsThe Economist — The World This Week
Economy / Markets
US stocks capped the trading week with gains on Friday, the Dow climbing 1.18 percent to 53,686, the S&P 500 1.06 percent to 7,748 and the Nasdaq 1.40 percent to 26,584 after Federal Reserve Governor Christopher Waller urged patience on rates and revived risk appetite.
Economy / Markets
All 65 economists in a Reuters poll published on 3 September expect the European Central Bank to lift its deposit rate by a quarter point to 2.50 percent at the 10 September meeting, the second increase of a hiking campaign that would be its shortest in 15 years, with about nine in ten expecting no further move this year.
Sources Reuters
Economy / Markets
Federal Reserve Governor Christopher Waller said on 3 September he is willing to support holding the policy rate at its current 3.50-3.75 percent range at the 15-16 September meeting if August inflation data shows continued progress toward the 2 percent goal, quipping that policymakers should 'give disinflation a chance'.
Sources ReutersThe Wall Street Journal
Economy / Markets
The US economy added 162,000 nonfarm jobs in August, the strongest monthly gain since March and far above the roughly 53,000 economists expected, while the unemployment rate held at 4.1 percent, the Bureau of Labor Statistics reported on 4 September.
Sources Bureau of Labor StatisticsQuartz
Economy / Markets
US stocks snapped a three-day losing streak on 2 September 2026, with the Dow Jones Industrial Average up 0.56% at 53,061.89, the S&P 500 up 0.46% at 7,666.63 and the Nasdaq Composite up 0.45% at 26,217.83, while the small-cap Russell 2000 outperformed with a 1.1% gain.
Sources ReutersLocal 10 (AP)
Economy / Markets
European equities hovered near a one-month low on 2 September 2026, with the pan-European STOXX 600 flat at 647.87 after a Reuters early-session check, Germany's DAX down 0.2% and the FTSE 100 closing 0.3% lower at 10,756.45 as a spike in bond yields and a fresh round of US-Iran strikes reignited energy-inflation fears.
Economy / Markets
South Korea's consumer price index rose 3.1% year on year in August 2026, the Ministry of Data and Statistics said on 2 September, accelerating from 2.8% in July but undershooting a 3.2% Reuters poll forecast as the headline was inflated by a one-off mobile-bill base effect.
Sources EconoTimesAju Press
Economy / Markets
US stocks closed sharply lower on Tuesday 1 September 2026, with the Dow Jones Industrial Average down 419.02 points or 0.79% at 52,766.88, the S&P 500 off 54.67 points or 0.71% at 7,631.47 and the Nasdaq Composite down 271.11 points or 1.03% at 26,099.77.
Economy / Markets
Asia-Pacific equities fell sharply on 2 September 2026, with Japan's Nikkei 225 futures down 2.6% and Topix off 2.2%, Australia's S&P/ASX 200 losing 1.1%, Hong Kong's Hang Seng slipping 0.7% and the Shanghai Composite retreating 0.7%.
Sources Business TimesChannel News Asia
Economy / Markets
The Institute for Supply Management reported on 1 September 2026 that its Manufacturing PMI registered 54.6% in August, down one percentage point from July's 55.6% and missing the 55.3% consensus, marking the eighth consecutive month of expansion after a ten-month contraction stretch that ended in December 2025.
Sources PR NewswireEdgen.tech
Economy / Markets
Global bond yields pushed to multi-year highs on Tuesday as Brent crude rose above $91 a barrel in Asia trade and the US 10-year Treasury yield hit 4.78%, its highest since early 2025, while Japan's 10-year benchmark touched 3% for the first time in a generation.
Sources Reuters via Los Angeles Post
Economy / Markets
Asian equities opened lower on Tuesday after a downbeat session on Wall Street, where the S&P 500 and tech-heavy Nasdaq fell as oil prices climbed on reports that US forces had struck two Iranian rocket launchers on Larak Island.
Sources Europe Says
Economy / Markets
National Australian home prices fell 0.9% in August from July, the fifth consecutive monthly decline, with property consultant Cotality's data showing values are now 3.1% below the recent peak as the downturn widens beyond Sydney and Melbourne.
Sources News Dive
Economy / Markets
Kevin Warsh's Jackson Hole speech shifted the Fed debate from when to cut to whether to hike, lifting the implied probability of a September move to 55.7% from 35.4% and pushing short-dated Treasury yields and the dollar higher. Equity reaction split along AI exposure: Nvidia gave back Thursday's post-earnings gains as financing costs rose, while Amazon added roughly $110 billion of market value despite a $7.6 billion free-cash-flow outflow. The September dot-plot will determine if the move is tactical or a tighter-for-longer regime.
Sources MarketScreenerTS2
Economy / Markets
Federal Reserve Chair Kevin Warsh used his first Jackson Hole symposium address to warn that the U.S. central bank will have more work to do if inflation does not move convincingly toward its 2% target.
Sources ReutersMarketScreener
Economy / Markets
Amazon closed Friday up 3.97% at $266.43, adding roughly $110 billion in market value after Fed Chair Kevin Warsh said AI growth had exceeded even its proponents' expectations.
Sources TS2
Economy / Markets
PayPal closed Friday down 12.71% at $53.66 after Reuters reported that a consortium led by Stripe and private equity firm Advent ended its pursuit of the payments company.
Sources TS2
Economy / Markets
Federal Reserve Chair Kevin Warsh used his first Jackson Hole symposium address on Friday to argue that short-term rates remain the Fed's 'predominant tool' and that he would be 'hard pressed to describe broad financial conditions as restrictive,' pushing two-year Treasury yields up 13 basis points to roughly 4.35% and lifting the implied odds of a September rate hike to about 58% from 35% the prior day.
Economy / Markets
Nvidia reported second-quarter fiscal 2027 revenue of $96.2 billion on Wednesday, up 18% from the previous quarter and 106% from a year earlier, with Data Center revenue rising 117% to $89.0 billion and both GAAP and non-GAAP gross margins holding at 75.0%.
Economy / Markets
Marvell Technology fell 10.3% in Friday trading even as CEO Matt Murphy told investors the company's AI-related business is 'robust' and raised forecasts for upcoming revenue growth, with revenue and income for the quarter edging past analyst expectations.
Economy / Markets
Federal Reserve Chair Kevin Warsh used his first Jackson Hole keynote on Friday to warn that inflation remains too high and that policymakers have 'work to do' if underlying price pressures do not ease, sending the two-year Treasury yield to 4.31 percent, its highest since late July.
Economy / Markets
European equities closed higher on Friday with the pan-European STOXX 600 up 0.5 percent at 655.16, leaving the index with a modest weekly gain after two consecutive weekly declines.
Sources Reuters via Business TimesReuters via YTV Market News
Economy / Markets
Asia-Pacific stocks ended Friday's session divided ahead of Federal Reserve Chair Kevin Warsh's Jackson Hole keynote, with Japan's Nikkei 225 rising 0.41 percent to 66,405.56 and Australia's ASX 200 up 0.6 percent while South Korea's Kospi dropped 1.8 percent and China's CSI 300 slipped 0.5 percent.
Economy / Markets
Federal Reserve Chair Kevin Warsh takes the podium at the Kansas City Fed's annual symposium in Jackson Lake Lodge, Wyoming, on Friday morning for his first keynote as chair.
Sources Federal Reserve Bank of Kansas CityRegards of Wallstreet
Economy / Markets
New orders for US manufactured durable goods rose 1.1% in July to $339.3 billion, the Commerce Department said on Wednesday, well above the 0.5% consensus. Transportation equipment led the gain with a 2.3% rise as nondefense aircraft and parts surged 12.7% after a 51.1% May plunge, while orders excluding transportation climbed 0.4% and the closely watched nondefense capital goods ex-aircraft proxy edged up 0.2% to $85.9 billion.
Sources RTTNewsU.S. Census Bureau
Economy / Markets
Asian and European equities traded cautiously on Friday morning with currency and bond markets holding their breath for Kevin Warsh's first Jackson Hole keynote as Fed chair.
Economy / Markets
The Kansas City Fed's annual Jackson Hole Economic Policy Symposium runs Aug. 27-29 with the theme Financial Innovation: Implications for Payments and Policy. The conference is closely watched as a venue for central-bank signalling, with the U.S.
Economy / Markets
Marvell Technology is scheduled to release fiscal second-quarter 2027 results after the U.S. close on Aug. 27, with analysts estimating non-GAAP earnings per share of about 0.93 dollars, up 39 percent year over year, on roughly 2.71 billion dollars in revenue.
Sources Edgen Tech
Economy / Markets
U.S. second-quarter gross domestic product rose 1.5 percent, down from 2.1 percent in the first quarter, with consumer spending accelerating to 3.2 percent from 0.5 percent earlier.
Economy / Markets
The Conference Board’s August reading showed US consumer confidence declining. The result adds a softer household signal to the outlook, even as investors continue to weigh inflation, interest rates and labor-market resilience.
Sources Reuters
Economy / Markets
Germany’s Ifo business-sentiment reading rose more than economists expected in August. The improvement offers a cautiously positive signal for Europe’s largest economy, though survey momentum still has to translate into sustained activity.
Sources Reuters
Economy / Markets
Minutes showed that four Federal Reserve bank boards favored raising the discount rate. The split is a useful window into regional inflation concerns, even though the recommendation is distinct from the central bank’s policy-rate decision.
Sources Reuters
Economy / Markets
Asian equity futures pointed mostly lower after semiconductor shares pulled the Nasdaq 100 down nearly 1%. Investors were also weighing softer oil, firmer US Treasuries and a heavy calendar of economic data and corporate earnings.
Sources Bloomberg via Yahoo FinanceABC News / Associated Press
Economy / Markets
European equities ended broadly flat after weakness in technology shares offset gains elsewhere. Markets also tracked uncertainty around Iran-related sanctions and looked ahead to incoming economic data, keeping risk appetite restrained.
Sources ReutersU.S. News & World Report
Economy / Markets
Alibaba proposed placing newly issued shares with non-US investors for an aggregate HK$80 billion, subject to market and other conditions. The company says all net proceeds would fund its full-stack AI capabilities, including expanded infrastructure.
Sources Alibaba Group
Economy / Markets
The ECB's July survey put median inflation expectations at 2.9% for the next 12 months and 2.7% three years ahead, each down 0.1 percentage point from June. Five-year expectations were unchanged at 2.4%, while expected economic growth improved but remained negative.
Sources European Central Bank