U.S. Stocks Rise as AI Momentum Builds
U.S. stocks rose and the broad S&P 500 hit a record high as artificial-intelligence bets regained upward momentum.
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U.S. Trade Deficit Widens to Largest Level in More Than a Year
U.S. imports were higher than exports by about $106 billion in August, with the U.S. buying more products like crude oil, gold and semiconductors from abroad.
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Global Bond Yields Turn Lower
U.S. Treasury and eurozone yields fell as investors pondered whether the recent bonds selloff had gone too far and now offers attractive levels to start buying again.
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French Government Is Willing to Bypass Parliament to Pass Billions in Cuts
In an interview, French Finance Minister Roland Lescure said he is open to negotiation but will do "whatever it takes" to get the budget through.
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Oil Futures Little Changed as Market Weighs Export Recovery, Shipping Risks
Oil prices staged a late recovery Tuesday, snapping a two-session losing streak as traders assessed recovering Middle East crude exports against fresh shipping incidents around the Strait of Hormuz and renewed fighting near the Bab al-Mandeb Strait.
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Canada's August Trade Surplus Widens Sharply Ahead of Fresh Tariffs
Reading marked a sixth consecutive merchandise-trade surplus and the biggest since May 2022, and came in well above the roughly C$1.5 billion economists anticipated.
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Eurozone Retail Sales Edge Higher Despite Slump in Fuel Sales
Sales of food, drinks and non-fuel products rose slightly on the month in the 21-member currency area.
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Companies Raise More Than $1 Trillion in Equity Markets, But AI, Bond Yields Sour Mood
Markets had been expecting a bumper quarter following an ebullient start to the year crowned by SpaceX's record-breaking IPO.
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Wall Street Bonuses Are Expected to Hit Another High This Year
New York reports that the industry is now on pace for $90 billion in profits this year, leading to higher compensation.
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German Factory Orders Tumbled in August
Manufacturing orders in the eurozone's largest economy fell 10.6% on month, as the conflict in the Middle East kept energy costs elevated.
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Why Weaning Markets Off Fed Speak Is Harder Than It Sounds
Kevin Warsh wants investors to focus on the economy and not the Fed. Last week, his top lieutenants stepped in to reset bets on an October rate increase.