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U.S. natural gas futures remained higher after weekly storage data came out.
Bloomberg's Sridhar Natarajan joins Dani Burger on "Bloomberg Deals." TWG Global, the holding company at the heart of Mark Walter's empire, defended itself against what it called “multipronged attacks” on its business as regulators and US prosecutors continue to probe the firm.
Mark Zandi, Chief Economist at Moody's Analytics, says Nvidia is a “juggernaut” and that AI accounts for at least a quarter of economic growth. Zandi thinks AI is already supporting the demand side of the economy and adding modestly to inflation, but clear productivity gains have not yet appeared.
Nasdaq 100 and S&P 500 gain after Nvidia earnings while Dow Jones lags, with 53,000, 7,600 and 7,800 marking key levels in the index outlook.
Stephen Miran, Hudson Bay Capital senior strategist and former Fed governor and CEA chair, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, rate path outlook, his thoughts on Fed Chairman Kevin Warsh, and more.
The private investment firms of the ultra wealthy raised their stock holdings in the second quarter, according to the latest CNBC Family Office Portfolio Tracker. Family offices also trimmed their exposure to real estate and private market investments as private credit funds marked down the values of their assets.
Copper just hit a fresh record, while one ETF tracking the metal is up nearly 20% in August and on pace for its best month on record.
Strattec Security Corporation faces significant macro headwinds from persistent high oil prices and a weakening auto industry outlook. Auto industry forecasts are deteriorating, and management's cost-cutting efforts may only offset declines, not drive growth. Management's automation and new product initiatives are unlikely to overcome industry-wide demand challenges.
The latest price jump extended a sharp run up in prices for the commodity, with Chicago contracts trading around 30% above their end of June low.
Kansas City Fed President Jeffrey Schmid said Thursday that inflation has been "stubborn" and "sticky" though he did not commit to supporting an interest rate hike. However, he said he doesn't see the current level of rates being restrictive on the economy.
One analyst is overlooking Quantum Computing Inc.'s bizarre corporate history and persistent financial challenges for a surprising reason.
Nvidia beat expectations and raised 2028 revenue growth guidance to 70%, reinforcing AI sector strength despite supply constraints. AI accelerator demand remains robust, but questions persist about NVDA's circular financing and rising competition.
The number of people who filed for unemployment benefits was 203,000 in the week through Aug. 22, 4,000 lower than the upwardly revised 207,000 reported a week earlier.
U.S. auto prices rose at a roughly 5% annualized pace in July, housing and utility costs increased at more than a 3.5% rate, and recreational goods prices soared by a double-digit pace as households swallowed a 3.7% jump in the cost of living, nearly double what the Federal Reserve has promised.
US stock futures rose on Thursday as Nvidia's blockbuster outlook reignited the AI trade, pushing Nasdaq 100 futures up about 1% and lifting semiconductor and software shares across global markets. Nvidia jumped more than 7% before the bell after projecting roughly 70% revenue growth in fiscal 2028, far above Wall Street expectations.
