Michael Dell Sells $1.2 Billion Worth Of Dell Stock, Reducing Stake Amid Company's Recent S&P 500 Relisting And AI Expansion
A general strike is imminent, with port employers in the USA proposing a 50% pay raise.
The United States Maritime Alliance (USMX) has announced a nearly 50% increase in dock workers' wages in an effort to resume negotiations with the International Longshoremen's Association (ILA).
Elon Musk 'Looking Forward' To Diablo IV's First Expansion, 'Vessel of Hatred,' As Chief Developer Rod Fergusson Announces Pre-Download Available Starting Today
Holiday Reading | Warren Buffett's more than $33 billion in Bank of America are all net profits! Revisit his precious conversation with CEO Brian at Georgetown University in 2013.
Warren Buffett is the "true rock star".
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Major shift in the Fed's hawkish leaning voting committee: Open to cutting rates by 50 basis points again if employment weakens.
Atlanta Fed President Bostic recently stated that if the upcoming US non-farm data shows slower job growth than expected, he will be open to the Fed cutting interest rates by 50 basis points again. Bostic revealed that in the September dot plot this year, he predicted only one 25 basis point rate cut in addition to the 50 basis point cut in September. Bostic mentioned the standard of non-farm job additions of around 0.1 million.
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China and the United States are worlds apart! The Chinese stock market is bouncing back strongly, while US funds are being massively sold off.
On Monday, a total of 5,088 stocks in China's stock market rose, with only 4 stocks falling.
Germany's antitrust institutions are signaling a red flag, microsoft AI applications and its collaboration with OpenAI are facing stricter scrutiny.
German regulatory agency FOC has identified microsoft as a "company crucial for cross-market competition", which means that once FOC deems intervention necessary, it will take action against microsoft to prohibit the company's "anti-competitive behavior".
Directly hinting at a rate cut! Lagarde stated that in October, they will consider 'increased confidence in controlling inflation'.
Various signs indicate that the European Central Bank may cut interest rates again by mid-October, just three weeks after lowering policy rates. Two weeks ago, the market was still expecting the next rate cut to be in December. Following changes in market pricing and analyst expectations, Lagarde's statement is undoubtedly a very strong policy hint.
Fed's Quarles: There is a good reason to cut interest rates significantly, dock strikes may disrupt the supply chain.
①Goolsbee stated that, given the current economic situation and its possible direction, he believes the Federal Reserve has reasons to significantly cut rates; ②Goolsbee also mentioned the port strike issue, expressing concern that the dock workers' strike may continue to be prolonged, which could lead to serious supply chain disruptions.
Avoiding the "September curse", the U.S. stock market in October faces economic risks.
After saying goodbye to the September 'curse' in the US stock market, investors expect the US stock market to continue to rise in October. The put/call ratio in the options market has dropped to its lowest level since July 2023, and the s&p 500 index is expected to achieve its best performance in the first nine months since 1997, both showing investors' optimism. However, investors are still paying attention to the upcoming employment report and the actions of the Federal Reserve, as data from the New York Fed and others indicate a higher risk of economic recession in the US in the next year, and uncertainty about the Fed's next steps.
Powell hawkish? Read the full text of the speech and key points of the Q&A in one article.
Powell's speech this time is seen as slightly hawkish. He hinted that the Fed is not in a hurry to cut interest rates, saying that the 'very large' upward revision of personal income announced last week has eliminated the downside economic risks; the U.S. labor market is robust but has cooled significantly over the past year, and the Fed does not need further cooling of this market; if economic developments are in line with expectations, policies will become more neutral over time, with the Fed's basic expectation of two more 25 basis point rate cuts this year; Fed decisions are not pre-determined, but depend on overall data, with most of the data considered for the November meeting still unpublished; decisions will take into account data released during the quiet period; only make decisions during the meeting.
Top 20 turnover | Apple rose more than 2%, with a turnover exceeding 12.6 billion US dollars; pdd holdings fell by 0.42%, with a cumulative increase of over 40% in September
On Monday, the turnover of the US stock market's top performer nvidia rose by 0.03%, with a turnover of $27.304 billion; the second-place tesla rose by 0.45%, with a turnover of $21.009 billion; the third-place apple rose by 2.29%, with a turnover of $12.669 billion.
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US stocks close | Dow, S&P reach new highs, Apple rises over 2%; Chinese concept stocks Jinlongji up nearly 30% in September, fangdd network doubles in a day, tal education up nearly 10%
Fed's hawkish remarks dispelled market bets on a significant rate cut in November, but US stocks turned higher in late trading, with the chip index down 0.9% and the Chinese concept index up 7% before closing up 0.5%. S&P recorded its first September gain since 2019, with the Chinese concept index up nearly 30% in September. Nvidia opened low on Monday, up slightly by 2.7%, but marking its first quarterly decline since 2022, while Nio Inc surged over 18% at the open and closed up 2.5%.
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Nektar Rises 11% as BTIG Initiates Buy Rating on Autoimmune Disorders Asset
Optimism Around Aquestive As It Moves Forward With Severe Allergy, Baldness Candidate