The Trump White House is down to five finalists in its selection process for the next Federal Reserve chair, after saying two months ago that it was picking among 11 candidates. ...

Core Insights - The article emphasizes the effectiveness of collective intelligence in decision-making processes, suggesting that the "wisdom of crowds" can lead to better outcomes in various contexts [1] Group 1 - The concept of "wisdom of crowds" is highlighted as a valuable tool for investment strategies, indicating that diverse opinions can enhance predictive accuracy [1] - The article discusses how aggregating information from multiple sources can mitigate individual biases and lead to more informed decisions [1] - It points out that leveraging crowd-sourced data can provide insights that traditional analysis might overlook, thus presenting potential investment opportunities [1]

Core Insights - Bond-market traders are increasingly concerned about the economic fallout from the U.S. government's partial shutdown that began on October 1 [1] Group 1 - The partial shutdown has lasted more than a week, indicating a prolonged period of uncertainty in the market [1]

Trump calls off meeting with Xi in South Korea after rare-earth move. ...

An easing of tensions in the Middle East may reduce the risk premium currently built into oil prices, ...

Core Insights - Americans are increasingly pessimistic about job prospects, as indicated by a recent survey [1] - Persistent inflation continues to frustrate consumers, leading to a lack of confidence in economic improvement [1] Group 1: Job Market Sentiment - The survey reveals a growing disillusionment among Americans regarding the availability of new jobs [1] - This sentiment reflects broader concerns about economic stability and growth [1] Group 2: Inflation Impact - Ongoing inflation is a significant source of frustration for consumers, impacting their overall economic outlook [1] - The combination of job market pessimism and inflation contributes to a general lack of confidence in the economy's future [1]

Core Viewpoint - Some furloughed government workers will return to work to produce a key inflation report for September, which is essential for calculating Social Security's cost-of-living adjustment [1] Group 1 - The return of furloughed workers is aimed at ensuring the timely production of the inflation report [1] - The inflation report is critical for determining adjustments in Social Security benefits [1]

Core Insights - Société Générale conducted a survey among clients to identify the primary concerns regarding U.S. markets [1] Group 1 - The survey aimed to gauge client sentiment on various aspects of the U.S. markets [1]

Gold took a hit on Thursday, and shares of gold miners tumbled along with it, as some investors booked profits after the metal's more than 50% climb so far this year. ...

The U.S. stock-market rally is showing no interest in hitting the brakes. ...