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Fiscal worries, a new Federal Reserve chairman and even the flood of AI bonds are helping drive the recent climb in yields.
Semiconductor exports surged 209% from a year earlier to a record $46.65 billion in August, accounting for 47.5% of the country's $98.25 billion in goods exports that month. Economists said a gradual chip slowdown would be manageable, but an abrupt pullback could be more damaging.
Japanese stocks were higher in early trade as recent bond selloffs eased.
On the Rebound. Markets bounced back on Wednesday following a three-day losing streak, as they shook off rising yields and higher oil prices.
The American consumer is still spending, but the Federal Reserve's latest survey makes it increasingly difficult to speak of all consumers as though they were experiencing the same economy. The Fed's August Beige Book, based on information collected through Aug. 24, found that consumer spending grew slightly overall.
Sunstone Hotel Investors delivered strong Q2 2026 results, beating expectations and raising full-year guidance for the second consecutive quarter. SHO improved its balance sheet, reducing net debt plus preferred equity to EBITDA to 3.6x, and enhanced liquidity with $930 million available. Portfolio concentration risk has increased, with Andaz Miami Beach now a larger earnings driver after the Hyatt Regency San Francisco sale.
CNBC's Jim Cramer said investors aren't abandoning AI or technology stocks — they're rotating out of high-multiple names and into cheaper stocks that offer more room for error. He pointed to Dell and Nvidia as evidence that investors still want AI exposure at reasonable valuations, while pricier stocks such as MongoDB are being punished despite solid results.
Nscale is telling prospective investors it has about $103 billion of total contracted revenue ahead of an initial public offering that could come as soon as this month, The Information reported on Wednesday, citing documents shared with the investors.
Olympus-backed data center infrastructure firm Accelevation filed for a U.S. initial public offering on Wednesday, seeking to tap into the investor demand for companies serving the AI boom.
The maker of flavors like Here Comes Truffle will remain as a stand-alone brand within Barilla Group.
Chinese President Xi Jinping is expected to visit President Donald Trump in Washington in September. The summit comes after Treasury Secretary Scott Bessent unveiled a plan to target Iran's "enablers" with secondary sanctions.
The Trump administration's Venezuela oil deal could secure 65 billion barrels for US development, potentially stabilizing global energy markets for two decades. While immediate investment implications are unclear, the long-term outlook for the US stock market (SPY) is improved by this prospective supply expansion.
President Donald Trump says the U.S. “should have the lowest interest rates in the world.” But he appears to be giving Fed Chair Kevin Warsh breathing room for now.
Federal prosecutors allege Linqto's William Sarris marked up prices of pre-IPO shares.
US stocks rose on Wednesday as Treasury yields eased from recent multiyear highs, allowing the major indexes to recover part of their losses from a three-day losing streak. Investors also assessed higher oil prices, renewed US-Iran tensions and recent economic data for clues about inflation and Federal Reserve policy.
