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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Fed Minutes to Offer Clues on Fed's Rate-Hike Divide
Minutes from the July rate-setting meeting will be released Wednesday afternoon.
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Global Government Bond Yields Stabilize Ahead of Fed Minutes
Bonds took a breather from this week's selloff, but the factors driving yields to multiyear highs haven't gone away.
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U.K. Inflation Surges as Iran War Threatens Further Price Pressures
Inflation was driven by a surge in household energy costs and reached the highest annual rate since March, when prices spiked following the outbreak of the war in Iran.
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Bank Indonesia Holds Rates Steady as Rupiah Pressure Eases
The Indonesian central bank 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.
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Stocks Are Sizzlin'-and Fall Will Be Even Hotter
Strong earnings reports have helped the S&P 500 reach record levels this quarter. Analysts see more gains ahead, with one saying the index can reach 8100.
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Trump Pauses 50% Tariff on Some Canadian Products
The levies were set to affect 5% of Canadian exports to the U.S. and risked escalation into a broader trade conflict.
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Iran's Attacks on Ships in Hormuz Mount, Testing U.S. Military Restraint
The Trump administration, following a strategy of economic pressure, has sidestepped provocations in the Strait of Hormuz that are keeping traffic to a trickle.
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Nasdaq Moves Closer to 23-Hour Stock Trading With December Launch
Nasdaq plans to add an overnight trading session starting Dec. 6 as U.S. exchanges move toward nearly around-the-clock stock trading.
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Investors Slam SEC Plan to Remove Best-Price Rule
A proposal to eliminate the decades-old protection draws criticism from Wall Street and individuals.
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Canada Housing Starts Drop in July Even as Home Sales Continue to Rise
Housing starts across Canada came in at a seasonally adjusted annualized rate of 229,074 units, a 4.9% decline from the month before and below expectations of about 250,000 residential housing projects.
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Trump Administration Moves to Open Millions of National-Forest Acres to Logging
The U.S. Forest Service intends to rescind a 2001 rule that blocked most development and timber harvesting in certain national forests.
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U.S. Import Prices Fell in July
U.S. import prices decreased in July, driven by lower prices for fuel imports, according to data from the Bureau of Labor Statistics.
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U.S. Housing Starts Dropped in July
Housing starts fell sharply below expectations in July as home-builder sentiment remained muted.