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Oil prices fall, Nvidia's China hopes, Bitcoin's 8-month high, and more news to start your day.
Bitcoin rose above $85,000 on Monday to trade at its highest level since late January. Matt Hougan, CIO at Bitwise, told CNBC the "crypto winter" is over and investors may witness the "strongest and longest-running bull market in crypto's history.
After a turbulent week of central bank tightening, markets now turn to diplomacy - or at least top-level summits - as world leaders gather at the United Nations General Assembly in New York this week.
There has been considerable volatility in treasury yields recently. I discuss the forces behind this, as well as those likely to shape the movement of treasury yields moving forward.
Treasury Secretary Scott Bessent is set to sit down for an interview with CNBC's "Squawk Box" at 8 a.m. The interview comes as the Trump administration faces consumer concerns about rising fuel prices, interest rates, and risks from artificial intelligence.
Qatar, one of the world's top three LNG exporters before the Iran war, halted production earlier this year following attacks on its export hub and after the near-closure of the Hormuz strait.
ADARx Pharmaceuticals is seeking a valuation of up to $1.74 billion in its U.S. initial public offering, the company said on Monday, as investor appetite for biotech listings strengthens.
US and Chinese officials offered upbeat assessments of their talks on artificial intelligence, trade and investment, signaling a mutual desire to steady ties ahead of this week's summit between leaders Donald Trump and Xi Jinping. Oil dropped for a fourth day, with Brent set for the longest run of declines since June, as traders tracked diplomatic efforts to end the US-Iran war and signs cargoes are still getting through the Strait of Hormuz.
Rare earth shortages are pushing some suppliers of aerospace companies to revisit decades-old turbine coating formulas once considered obsolete, after US-China tensions disrupted supplies from the world's dominant producer of critical minerals.
A team at the bank, led by Ben Snider, wrote in a recent note that they see S&P 500 earnings per share growth slowing to 11% in 2027 and 2028.
Goldman Sachs is rated a buy despite recent technical weakness and an 18% drawdown, as valuation has entered an attractive zone. GS delivered a strong Q2, with EPS of $20.98 and revenue of $20.3B, beating estimates and raising its dividend to $5 per share. Forward drivers include pent-up M&A demand, robust issuance, and AI infrastructure scaling, positioning the company to benefit from capital markets activity.
Stock fell sharply after the U.S. Food and Drug Administration approved a generic competitor to its flagship Somatuline hormone drug earlier than expected.
A global diesel shortage fueled by wars in Iran and Ukraine is unlikely to ease before next year, according to storage market indicators and industry participants, extending a spike in fuel costs that is weighing on economies worldwide.
The flagship cryptocurrency continued its red-hot rebound, and was up over 30% since Aug. 19 and is holding firmly above the $80,000 level that had proved a stubborn cap in recent weeks.
U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng agree to set up a U.S.-China AI dialogue for security incidents, as markets count down to this week's crucial Trump-Xi summit in Washington.
