Just a day after a weak but better-than-expected ADP report weakened the Federal Reserve (Fed) doves' hand, a disquieting report from Challenger came to the rescue of bond holders — showing that US companies announced the biggest job cuts in October since 2003, thanks to the AI revolution.
The new week, and the new month, kicked off on a sweet note — again on the back of a renewed AI boost. South Korean chipmakers rallied in the early hours of the new week following Nvidia's announcement last Friday that it will sell 260,000 chips to several South Korean companies and to the South Korean government. Nvidia also gained 2% yesterday.
US markets fell yesterday as investors questioned the wave of higher AI spending pledged by Big Tech, even though every major name that reported this week beat lofty expectations on earnings, revenue and cloud growth.
At yesterday's GTC conference, Nvidia CEO Jensen Huang unveiled a fresh round of partnerships with Nokia, Palantir, Uber, and the US Department of Energy.
Another week of trading starts on a positive footing, buoyed by a range of news items pleasing investors. The first came from the long-awaited US inflation data released on Friday after weeks of official data drought during the government shutdown. Headline inflation advanced to 3% in September – the highest since early 2021 and still well above the Fed's 2% target.
Trade worries resurfaced yesterday — yes, resurfaced instead of easing — after reports that the Trump administration is considering new restrictions on software exports to China. Are we surprised? Not really.
ESG bond supply from banks is expected to hold steady in 2026 at around €80bn. However, the uptake of the EU Green Bond Standard is expected to remain limited ahead of the review of the EU Taxonomy’s technical screening criteria
President Donald Trump has suggested that U.S. publicly traded companies report their financial results every six months instead of quarterly. He argues that such a change would allow CEOs to focus on long-term goals while lowering costs and attracting foreign businesses.
Elon Musk has once again made headlines on Wall Street. By purchasing $1 billion worth of Tesla shares with his own money, the billionaire not only boosted market confidence in the company but also reclaimed the crown as the world’s wealthiest individual.