adminStock market today: US futures slide as growth worries weigh on spirits
US stocks were poised for more losses on Wednesday, coming off a steep sell-off fueled by worries about economic growth and the AI trade amid a slide in Nvidia (NVDA)…
US Mortgage Rates Continue to Ease on Expectations of Fed Move
(Bloomberg) — US mortgage rates fell last week to their lowest level since April 2023, prompting potential homebuyers to apply for loans at a faster clip. Most Read from Bloomberg…
Risks Too Big for Insurers Just Fed a $200 Billion Market Boom
(Bloomberg) — As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk…
Stocks Tumble Most Since August Selloff, Oil Slips: Markets Wrap
(Bloomberg) — European and US stock futures declined on Wednesday, as Asian equities suffered deep losses following a selloff in US peers driven by a plunge in Nvidia Corp. Most…
Chile Restarts Interest Rate Cuts and Strikes Dovish Tone on Economic Outlook
(Bloomberg) — Chile’s central bank lowered its key interest rate by a quarter percentage-point, playing down the risks of sustained inflation while indicating borrowing costs could fall faster than previously…
Oil’s Slide Puts Focus on OPEC+ Production Plan and Weak Demand
(Bloomberg) — Oil pushed lower after a loss of almost 5% on Tuesday as the possible easing of political unrest in Libya shifted focus back to concerns over global demand…
Nvidia stock tumbles to lowest level since mid-August
Nvidia (NVDA) stock sank 7% on Tuesday as the overall market declined on the first trading day of the month. The AI chipmaker was the worst performer among the "Magnificent…
AI likely to weigh on oil prices over the next decade, Goldman says
(Reuters) – Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources,…
Oil Drops With Weak Chinese Demand Overshadowing Libya Outage
(Bloomberg) — Oil fell as Chinese demand concerns outweighed supply disruptions in Libya. Most Read from Bloomberg Global benchmark Brent dropped below $76 a barrel and West Texas Intermediate traded…
Brazil Economy Soars Past All Forecasts as Bets on Interest Rate Hikes Grow
(Bloomberg) — Brazil’s economy grew much more than expected in the second quarter, powered by strong consumer spending, raising the prospect of interest rate hikes in the near future. Most…
