U.S. Stocks Edge Lower as Consumer Confidence Sinks
Stocks ended modestly lower after a worrying monthly survey of consumer confidence was offset by a Federal Reserve official cautioning against hasty rate hikes.
----
Bond Yields Keep Rising Despite Drop in Oil Price, Dovish Fed Speech
The long-term Treasury bond yield touches a 24-year high, while the New York Fed's president says there was "no need for urgency" in raising interest rates.
----
Trump Defends Light-Touch AI Strategy After Industry Sounds Alarms
The president says industry "self regulation" and existing authorities including the Justice Department will keep artificial-intelligence tools safe.
----
Fed's Williams Hints Next Rate Increase Can Wait
The remarks could reset expectations for the central bank's next move at a meeting four weeks away.
----
Robinhood's Next Big Bet: AI Bots That Trade While You Sleep
The brokerage's app made it easy to trade stocks on a smartphone. Now Robinhood sees AI agents in individual investors' future.
----
AI Will Create 4 Times as Many Jobs as It Destroys, New Research Shows
McKinsey Global Institute estimates 11 million American workers will need to find different jobs in the next decade, but another 41 million jobs will be added.
----
U.S. Consumer Confidence Fell in September Amid Elevated Oil Prices, Inflation Worries, Conference Board Says
The research group said its consumer confidence index fell by 6.7 points to 81.9 following two prior months of softening.
----
HANetf Launches First Euro-Hedged Bitcoin Fund
While Bitcoin is a digital currency, it is typically priced in U.S. dollars, raising risk for investors seeking to diversify away from the greenback.
----
U.S. Home Price Growth Increases Again
The S&P Cotality Case-Shiller National Home Price Index, which measures home prices across the country, rose 1.9% in the 12 months through July, compared with a 1.6% increase in June.
----
Canada GDP Indicates Recovery After Stalling in July
Gross domestic product was unchanged from the month before in July, snapping three straight months of expansion that included upwardly revised growth of 0.4% in June.
----
China Offers Subsidies on Some Residential Mortgages
China will offer subsidies on interest costs for eligible first-home mortgages as Beijing attempts to revive home sales and turn around the years-long slump in the property sector.
----
Eurozone Sentiment Slips as Businesses, Consumers Diverge
Businesses across the eurozone grew slightly more upbeat about their prospects in September, even as consumers became more gloomy.
----
Spanish Inflation Climbs to Three-And-a-Half Year High
Spanish inflation rose for an eighth month in a row in September, climbing to its highest point since February 2023.