President Donald Trump renewed pressure on the Federal Reserve to lower interest rates after stronger-than-expected August jobs data increased expectations of a September rate hike. US employers added 162,000 jobs in August, sharply exceeding forecasts and keeping the unemployment rate at 4.1%. Gold prices fell as stronger labor data boosted expectations for higher interest rates
US stocks ended lower on Friday after stronger-than-expected August employment data increased expectations that the Federal Reserve could raise interest rates at its September meeting. The Dow Jones Industrial Average fell 0.5% or 279.20 points, while the S&P 500 declined 0.38% and the Nasdaq Composite lost 0.3%. The selling came ahead of the three-day Labor
Bitcoin price has risen more than 4% over the past 24 hours to around $81,000, holding above the $80,000 level after briefly breaking $82,000. Federal Reserve Governor Christopher Waller’s latest comments have driven much of the move, after he backed keeping interest rates unchanged at the Sept. 15–16 Federal Open Market Committee meeting if August
Oil prices rose on Friday, keeping Brent above $96 a barrel and WTI above $92 as renewed US-Iran fighting outweighed signs that Washington was managing to keep more crude moving through the Strait of Hormuz. Brent crude gained 0.6% to $96.06 a barrel in Asian trading, while West Texas Intermediate rose 0.9% to $92.10. Both
XRP has recovered from its recent pullback, holding the $1.32 support over the past few days. The altcoin is now up by more than 6% in the last 24 hours as traders assess changes in the macroeconomic environment ahead of the latest US employment report. The recovery comes as sustained ETF inflows and record activity
Cathie Wood has spent years backing challengers to dominant technology companies, but her latest semiconductor move leaned firmly towards the market leader. ARK Invest sold about $72.8 million of AMD shares in its August 28 trades while buying roughly $53 million of Nvidia stock. AMD disposal was valued at about $74.5 million and the Nvidia
Volkswagen announced a painful restructuring, and investors responded by sending the shares sharply higher. The German automaker plans to eliminate another 50,000 jobs by 2030, taking planned reductions to about 100,000, while cutting its model range roughly in half. Volkswagen stock jumped about 7% in early Frankfurt trading on Friday after its supervisory board unanimously
Jim Cramer thinks Nvidia should make a bigger bet on its own shares. The CNBC host has urged the chipmaker to launch a $500 billion stock-buyback programme, arguing that Nvidia remains “radically cheap” at roughly 23 times this year’s earnings estimates. The programme would be large enough to retire about a tenth of the company.
Broadcom more than tripled its AI semiconductor revenue and investors responded by selling the stock. The chipmaker reported $16.7 billion of AI revenue, up 221% from a year earlier and 54% sequentially. Total revenue rose 86% to $29.59 billion, while adjusted earnings nearly doubled to $3.32 a share. Yet Broadcom fell more than 5% in
Hewlett Packard Enterprise raised its annual forecasts on Wednesday after delivering a stronger-than-expected July quarter, as accelerating demand for artificial intelligence infrastructure lifted server and networking sales. However, shares fell over 5% during extended trading as investors were likely assessing how sustainable the margin gains will be as AI systems make up a larger share