### Summary This text provides information about the state, zip code, and country.
Asia-Pacific markets are expected to rise, following Wall Street's positive performance, with Japan's Nikkei 225 leading gains, and airline stocks outperforming.
China's reported ban on central government employees using iPhones at work led to a 6% drop in Apple's stock, causing major Wall Street indices to decline, although Morgan Stanley analysts predict the ban will only have a minor impact on Apple's revenues.
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A significant outflow of capital from Chinese stocks and bonds is reducing the market's influence in global portfolios and speeding up its decoupling from the rest of the globe, according to a report by the Times of India.
Vietnamese EV maker VinFast's position in the US electric vehicle industry is uncertain due to its volatile stock and investors are still trying to understand its potential after its recent IPO.
Nvidia's head of enterprise computing, Manuvir Das, believes that the artificial intelligence (AI) market presents a $600 billion opportunity for the company, as demand for AI technology continues to fuel its growth, leading analysts to overlook its undervalued shares and potential for exceptional growth in the years to come.
### Summary Stock futures rise ahead of Federal Reserve Chairman Jerome Powell's speech; Subway is selling itself to private equity firm Roark Capital; SpaceX is sued by the U.S. Department of Justice for alleged unfair employment practices; AI startup Hugging Face raises $235 million with support from tech giants; Former President Donald Trump surrenders in the Georgia case related to the 2020 presidential election.
Johnson & Johnson (JNJ) recently spun off its consumer healthcare products division in an effort to unlock value in its pharmaceutical business, but while this move may lead to slightly better growth, analysts are skeptical that it will deliver market-beating returns over the next decade. The author divested their JNJ investment due to underperformance and a low dividend growth rate, but still considers it a good choice for those seeking stability and safe income.
The S&P 500 fell while the Nasdaq rose after U.S. inflation data met expectations, suggesting the Federal Reserve may pause its monetary tightening, while Salesforce shares climbed on a positive revenue forecast.
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German glassmaker Schott Pharma has set a price range of 24.50 to 28.50 euros per share for its initial public offering, valuing the company at around 3.69 to 4.29 billion euros.
Bitcoin (BTC) reached new monthly highs as it surpassed $27,000, maintaining its bullish momentum despite the strength of the US Dollar Index (DXY).
Stocks in Asia rose as China implemented more stimulus measures to support its economy and investors awaited US jobs data to gauge Federal Reserve policy.
Some grades of crude oil, such as Nigerian crude Qua Iboe and Malaysian crude Tapis, are already trading above $100 a barrel, highlighting expectations of tight supply as oil prices continue to rise due to concerns of a supply deficit in the fourth quarter.
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Stocks opened higher as investors awaited a key speech from Fed Chair Jay Powell, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all advancing, setting the stage for a rebound after Thursday's decline.
Klaviyo raises its IPO price range, indicating confidence in high investor demand and the potential to raise more funds.
In August, the number of homes actively for sale decreased by 7.9% compared to the previous year, while the total number of unsold homes, including those under contract, decreased by 9.2%.
Asia-Pacific equity markets closed lower, with the exception of China's Shanghai Composite, as investors eagerly await central bank meetings and keep an eye on the ongoing management of global oil supply. Meanwhile, U.S. equity futures indicate a positive open.
Longer-dated U.S. Treasury yields reach a 10-month high as Wall Street experiences losses and investors grapple with the potential for longer-lasting high interest rates and a struggling Chinese economy.
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Stocks closed relatively unchanged on Monday as investors await the upcoming Federal Reserve meeting, which will determine the central bank's next interest rate decision, amidst easing core inflation and a cooling labor market.
Shares of Cboe Global Markets Inc. fell by 0.12% as the stock market experienced an overall poor trading session, marking the stock's third consecutive day of losses.
Asian stocks sink as investors await the Federal Reserve's policy decision and concerns over inflation rise due to a surge in oil prices.
Federal Reserve Chair Jerome Powell warns that additional interest rate increases could be necessary in the fight against inflation, stating that although progress has been made, inflation remains too high and the Fed will hold policy at a restrictive level until it is confident that inflation is moving sustainably down towards their goal.
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The voluntary carbon markets have experienced a decline for the first time in at least seven years, with companies reducing their purchases and concerns arising about the effectiveness of forest protection projects in delivering emissions savings. This decline has negative implications for poorer nations reliant on funds from multinational companies for climate mitigation projects.
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The S&P 500 has fallen nearly 5% in August, and opinions on whether stocks will rebound are divided among Wall Street firms and market commentators, with some, like Goldman Sachs and Fundstrat, remaining optimistic while others, including Michael Burry and David Rosenberg, are bearish.
Oil prices surged to a 10-month high on tightening supply cuts from OPEC+, with predictions of $100 oil returning, potentially rekindling inflation and posing a challenge for central bankers and the Biden administration.
A 5-minute bar chart for Comex gold futures is a useful tool for active intra-day gold futures traders, providing key moving averages and price entry points.
Asian stock markets mostly declined, with Japan's Nikkei 225 leading losses, as investors were concerned about upcoming central bank decisions and the possibility of the Bank of Japan ending its negative interest-rate policy.
Zillow is offering a 1% down payment option for homebuyers in response to the affordability crisis caused by high interest rates and home prices, allowing buyers to save for a down payment more quickly. However, smaller down payments result in larger monthly mortgage payments, and the housing affordability crisis will persist as long as interest rates and home prices remain high.
European markets were mixed as investors awaited the U.S. Federal Reserve's monetary policy meeting and assessed the central banks' stance on inflation, with retail stocks making the biggest losses while autos and oil and gas were up.
The August jobs report indicates a cooling job market with a slight increase in unemployment driven by rising labor force participation, suggesting the Federal Reserve should hold off on further interest rate increases.
Instacart, the grocery delivery company, raised $660 million in its initial public offering (IPO), giving it a market value of $10 billion, and faces growing competition from companies like Uber Eats and DoorDash as well as pressure from grocers themselves.
Asia-Pacific markets fell on Friday as Japan's core inflation rate dropped to 3.1% and Chinese real estate giant Evergrande filed for bankruptcy protection in a U.S. court.
The Inflation Reduction Act of 2022 (IRA) is a comprehensive climate policy in the US that includes tax credits and incentives for clean technologies, and the financial market response to it suggests that transition risks posed by ambitious climate policies may be manageable.
The US job market shows signs of slowing but remains resilient, with 187,000 jobs added in August and a rise in the unemployment rate to 3.8%, as more people actively look for work. Wage gains are easing, signaling a potential slowdown in inflation, and the Federal Reserve may decide against further interest rate hikes.
Oil prices reach a 3-month high as OPEC maintains tight supply. Gas prices in the US rise, posing a threat to efforts against inflation.
Stocks rebounded after Fed Chair Jerome Powell indicated that the central bank is prepared to raise interest rates further, providing a cautious but ultimately optimistic outlook on the economy.
The recent downturn in global property prices is expected to be over, with average home prices in major markets predicted to fall less than anticipated and rise into 2024 due to higher household savings, limited supply, and rising immigration, according to a Reuters poll of property analysts.
Apple has lost $200 billion in market capitalization as tensions between the U.S. and China escalate, with reports emerging of an iPhone ban for Chinese state employees, placing significant pressure on Apple as China is its largest international market.
Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were higher ahead of Tuesday's open as the stock market rally attempt continues, with upcoming earnings reports and economic data in focus.
Stocks opened higher on Friday, with the Nasdaq rebounding from Apple's slide, following hints that the Federal Reserve may delay interest rate hikes in September.
The US dollar is experiencing its longest winning streak in almost nine years, gaining 5% since mid-July due to positive economic data and expectations that the Federal Reserve will maintain higher interest rates for longer, while concerns over the economic situations in China and Europe deepen.
The tech IPO market may be reawakening after a two-year lull, with Arm Holdings and Instacart expected to go public and test investor appetite for technology IPOs, although the bar for startups has become higher since 2021, leading to fewer IPOs and a need for companies to show profitability within six quarters of listing.
Equity markets rise as investors focus on upcoming economic data following Powell's speech.
Nasdaq has received approval from the SEC to launch the first artificial intelligence-driven order type, the dynamic midpoint extended life order (M-ELO), which aims to increase trading efficiency and minimize market impact.
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U.S. Household Wealth Hits Record High as Stock Market and Home Values Rise, But Debt Also Increases
The surging stock market and rebounding property values have driven U.S. household wealth to a record high of over $154 trillion in the second quarter, fully recouping losses from last year's bear market, according to Federal Reserve data.
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