
Bonds, Chip Stocks Steady Ahead of Fed Meeting Minutes
Chip stocks were flat premarket and Nasdaq futures edged higher after the sharp rise in borrowing costs added to an AI-related selloff,, dragging on blue-chip indexes across Asia.
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Chip stocks were flat premarket and Nasdaq futures edged higher after the sharp rise in borrowing costs added to an AI-related selloff,, dragging on blue-chip indexes across Asia.

Shares in Unitree , China's best-known humanoid robot maker, soared nearly six-fold in its Shanghai trading debut, in a landmark moment for the country's robotics sector which has become a key battleground in the Sino-U.S. tech war.

Smith+Nephew said on Wednesday its finance chief John Rogers would step down at the end of September to take up an external position in the United States, ending his roughly two-and-a-half-year tenure with the medical products company.

Bank Indonesia kept its benchmark seven-day reverse repo rate unchanged at 5.75%, as the rupiah stabilizes and it gauges the impact of prior interest-rate hikes.

The global rout in bonds eases somewhat but yields on sovereign debt remain at highs not seen for decades. Investors now turn their attention to UK inflation data and last month's FOMC minutes.

Employment in call centers, software publishing, management consulting and advertising services has fallen sharply below trend across developed markets. Entry-level workers appear particularly exposed to the impact of AI adoption on employment.

Cross-asset implied volatilities declined across the board on the back of a run of 'goldilocks' inflation prints (soft CPI, flat PPI) that has reinforced hopes the Fed is done hiking. Despite the retracement of 30-year Treasury yields to 10-year highs, interest rate volatility as measured by the MOVE Index continues to edge lower and is now trading at 36th percentile lows vs 89th percentile highs 2 weeks ago.

A weaker Swiss franc could be an unexpected consequence of recent rare U.S.-Japanese intervention to prop up the yen, bringing relief to companies and policymakers in Switzerland who have grappled with the strength of their local currency for years.

Consumer Staples fell 1.46% on Monday, its worst day of the month. The last time Consumer Staples went from an overbought close to below its 50-DMA the following day was June 11, 2020.

Hong Kong Exchanges & Clearing reported record profit and revenue for the second quarter as trading and listing activity in the Asian financial hub continued to gain momentum.

FOX Business correspondent Edward Lawrence reports on the Strategic Petroleum Reserve falling to its lowest level since 1983 and the decline in U.S. oil reserves on ‘Making Money.' #fox #foxbusiness #media #breakingnews #us #usa #new #news #breaking #makingmoney #charlespayne #payne #edwardlawrence #lawrence #oil #energy #oilreserves #strategicpetroleumreserve #spr #iran #iranwar #middleeast #economy #oilprices #crudeoil #petroleum #energysecurity

'Mad Money' host Jim Cramer shares his contrarian case on the economy.

The bond market is raising caution flags again, sending up borrowing costs for homebuyers, businesses and the federal government alike—and potentially stalling the stock market's momentum.

From the Checkout Counter to the AI Trade: Key Earnings This Week American households are still spending, but with an intense focus on value. While the NRF projects a record $146.8 billion in back-to-class spending, consumers are heavily relying on early promotions and midsummer sales to stretch their budgets.

The levies were set to affect 5% of Canadian exports to the U.S. and risked escalation into a broader trade conflict.