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Bessent pushes back on fears over US debt market strains
Global bond yields are surging as inflation concerns and central bank hawkishness dominate financial markets. The fast-changing bo
topicSnowflake Earnings, Revenue, Guidance Top Estimates. AI Software Stock Jumps.
Snowflake stock surged between 16.66% and 23% following a second-quarter financial beat driven by strong cloud services demand and
topicVolkswagen Confirms Cutting 50,000 Jobs As Part Of Its Survival Plan
Volkswagen confirmed a survival plan to cut 50,000 additional jobs and close 4 plants through 2030, marking part of the largest ov
topicAnthropic signs $35 billion cloud deal with Nvidia-backed Lambda, source says
Artificial intelligence developer Anthropic has shifted its initial public offering launch toward mid-October. This adjustment fol
topicWorld’s Unusually High Dollar Exposure Risks Fueling Selloff
Global currency markets face renewed volatility as international investors maintain historically low dollar hedges, increasing the
topic30-year mortgage rate surges to highest level since July 2025 - Honolulu Star-Advertiser
The average interest rate for a 30-year fixed mortgage increased to 6.71% this week from 6.66% the previous week. This rise marks
topicUS nonfarm payrolls surge in August; unemployment rate steady at 4.1%
United States nonfarm payrolls surged by 162,000 in August, beating economic forecasts and showing renewed labor market strength a
topic40,000 lbs. of beer stolen in 2 separate incidents; Pabst Blue Ribbon offers reward
Pabst Brewing Co. is offering up to $20,000 for information leading to the recovery of 40,000 pounds of stolen beer from a Souther
Tesla unveils new Cybercab robotaxi at exclusive Austin event. Follow along here. - Austin American-Statesman
Tesla has started offering rides in its two-seat Cybercab within limited areas of Austin, Texas. The driverless vehicles lack stee
topicToyota's hybrid RAV4 is in demand as dealers wait for more supply
Toyota is delaying the launch of its first three-row electric SUV, the Highlander BEV, for a second time. The vehicle was original
topicBanque Misr, Egypt’s second-largest, hit by US sanctions: What to know
The US Treasury's Financial Crimes Enforcement Network proposed restricting five United Arab Emirates branches of Banque Misr from
topicWhy this veteran tech CEO is impressed by Nvidia's Jensen Huang buying Hugging Face for $12.9 billion
Nvidia has acquired open-source artificial intelligence platform Hugging Face for $12.9 billion, extending an aggressive spending
topicTrump says he will cease trading with top partners unless Fed lowers rates
President Donald Trump demanded that the Federal Reserve lower interest rates, threatening to halt trade with major partners where
topicMongoDB Earnings Beat Estimates But Stock Tumbles
MongoDB shares are staging a partial rebound with a 1.8% gain in pre-market trading after a steep decline in the previous session.
topicGlobal bond rout gathers pace as inflation fears mount
Government borrowing costs continue to climb as a worldwide sell-off accelerates, pushing yields from Tokyo to London to multi-dec
topicStock Market Today: Major Indexes End Sharply Lower to Begin September as Oil Prices, Treasury Yields Jump
Wall Street rebounded with a sharp rally following remarks from Federal Reserve Governor Christopher Waller indicating a potential
topicBanque Misr, Egypt’s second-largest bank, hit by US sanctions: What to know
The US Treasury Department proposed restricting Banque Misr UAE from holding correspondent accounts with American financial instit
topicAdobe just announced its next CEO. Here’s why its stock is dropping.
Adobe shares dropped over 6 percent following the surprise selection of Anil Chakravarthy as president and chief executive officer
topicTrump tells Fed to slash rates or he'll end trade with countries with U.S. surpluses
Donald Trump is threatening to halt trade with nations that have U.S. trade deficits unless the Federal Reserve lowers interest ra
topicFDA announces nationwide recall of epinephrine injections after reports of cracked vials
American Regent, Inc. has issued a voluntary nationwide recall for three lots of epinephrine injections following reports of crack
topicInside Wealth: Labor Day marks the start of 'fallcations' as wealthy travelers avoid summer crowds
Affluent travelers are shifting their summer vacations to autumn to avoid peak-season crowds. Labor Day serves as the official kic
topicU.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%
The United States labor market added 162,000 jobs in August, significantly surpassing expectations and easing concerns of a broade
topicMicrosoft reveals Azure cloud sales in financial reporting shift
Microsoft has disclosed specific Azure cloud sales for the first time, reporting $29.4 billion in revenue. The company is restruct
topicApplied Digital Sinks 7%, IREN Tumbles 13% as Data Center Selloff Broadens Past One Name
Data center and artificial intelligence infrastructure stocks dropped as rising long-term Treasury yields hit capital-intensive ma