• Sep 03, 2024

Chipmakers Drag Asian Stocks Lower on Renewed AI Valuation Worry

(Bloomberg) -- Asian semiconductor-related stocks tumbled, putting regional benchmarks on course for their worst drops in a month amid renewed concerns of overheating in the artificial intelligence rally.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe MSCI Asia Pacific Index fell as much as 2.2%, the most since the Aug. 5 panic selloff. Taiwan’s Taiex tumbled as much as 5.3% while Japan’s Topix slid 3.4% and K

• Sep 03, 2024

The stock market's biggest risk this week is a hot August jobs report, BofA says

"Equities seem more excited about the cuts than concerned about a potential recession," strategists at Bank of America said.

• Sep 03, 2024

Australia’s Economy Stays Subdued as Consumers Cut Spending

(Bloomberg) -- Australia’s economic weakness persisted in the three months through June as consumers hunkered down in the face of elevated borrowing costs and stubbornly sticky inflation.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatGross domestic product advanced 0.2% from the prior quarter, helped by government spending and matching economists’ estimate, official data showed Wednesday. From a year earlier, gro

• Sep 03, 2024

Stocks that have underperformed are poised to catch up if the latest jobs data is strong, Morgan Stanley says

The next jobs data, due Friday, could further broaden the stock's rally beyond tech shares if nonfarm payrolls come in strong, Morgan Stanley says.

• Sep 03, 2024

Why Palantir Stock Rallied 17.1% in August

Tech stocks rebounded, and Palantir delivered an exceptional earnings report.

• Sep 03, 2024

Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts

Bitcoin could fall to as low as somewhere in the $40,000-$50,000 range following a September Fed rate cut in a bearish scenario, Bitfinex said in a report.

• Sep 03, 2024

JPMorgan says Fed rate cuts won't be the rocket fuel for stocks some expect

While some on Wall Street think stocks are spring-loaded for gains after the Fed cuts interest rates, JPMorgan has a more measured view.

• Sep 03, 2024

Watch These Zscaler Price Levels as Stock Plunges After Profit Outlook Disappoints

Shares Fell 15% in Extended Trading Tuesday

• Sep 03, 2024

Bitcoin Dives Under $56K as Asian Equities See Red

The August reading of the Institute for Supply Management’s manufacturing index slumped for a fifth straight month with a rebound from July but remaining below the 50 threshold.

• Sep 03, 2024

Bitcoin Dives Under $56K as Asian Equities See Red

U.S. stocks tracked by Nasdaq 100 and S&P 500 fell as much as 3.5% lower on Tuesday to kick off a historically bearish September month.