Group 1 - Thyssenkrupp has received a non-binding bid for its steel division from India's Jinal Steel [1]

Key Points Upstart shares have had a terrific 12 months, as investors have become more confident. Revenue increased 84% through the first six months of 2025, with loan volumes more than doubling. Shares currently price in huge expectations about the future. 10 stocks we like better than Upstart › When figuring out ways to invest in the artificial intelligence (AI) trend, you might think that the only way to go is to look at the "Magnificent Seven" businesses. However, some smaller companies, like ...

Market Overview - The S&P 500 closed at a record high of 6,615, with expectations that the Federal Reserve will begin cutting interest rates soon, prompting analysts to raise year-end forecasts [1] - Some analysts predict the index could surpass 7,000 before December, indicating a potential 6% rise over the next 76 days, which is considered a bullish outlook despite the current record levels [2] Labor Market Impact - Recent labor market reports, including a disappointing August report with only 22,000 new jobs and a revision that removed nearly one million jobs from previous estimates, have shifted investor sentiment towards expecting multiple interest rate cuts [2] - The current labor market conditions, characterized by slower wage growth, are seen as beneficial for corporate profits, with Goldman Sachs noting that a cooling labor market can enhance profit margins [3] Technology Sector Influence - Technology stocks, particularly Nvidia and Tesla, are leading the market rally, driven by optimism surrounding AI and its potential to boost future earnings for tech companies [4] - The anticipated Fed rate cuts are making tech companies' future earnings appear more attractive, with expectations of lower labor costs contributing to this positive outlook [4] Market Sentiment - Wall Street is currently experiencing a period of exuberance, with rising stock prices and analysts increasing their targets, as investors react positively to weak job reports, viewing them as indicators of impending cheaper capital [6] - The sustainability of this bullish sentiment remains uncertain, particularly if unemployment continues to rise [6]

Good morning. Verizon sees AI not just as a tool to boost efficiency but as a potential new revenue engine.I recently spoke with Verizon CFO Tony Skiadas, who discussed how the company is working to repurpose parts of its wireline network to support AI workloads and what that could mean for Verizon’s future.Reimagining wireline for AISkiadas explained that Verizon (No. 30 on the Fortune 500) is testing ways to leverage its existing central offices—facilities largely freed up as copper networks are replaced ...

Core Insights - U.S. online sales growth during the 2025 holiday season is projected to decelerate compared to the previous year due to price-sensitive consumers being selective with their expenditures amid increasing living costs [1] Group 1 - The anticipated slowdown in online sales growth reflects changing consumer behavior influenced by economic factors [1] - Shoppers are expected to be more discerning in their spending habits, prioritizing essential purchases over discretionary items [1] - Rising living costs are a significant factor contributing to the cautious approach of consumers during the holiday season [1]

Group 1 - U.S. Treasury Secretary Scott Bessent expressed confidence that a trade deal with China is nearing completion, with further talks expected before reciprocal tariffs take effect in November [1] - The initial tariffs that could have reached up to 145% on Chinese goods were suspended as negotiations continued, with the suspension now extended to November 10 [2] - The U.S. trade deficit with China was nearly $300 billion in 2024, but it is projected to decline significantly in 2025, with $128 billion recorded through July [2] Group 2 - U.S. Trade Representative Jamieson Greer anticipates that the trade deficit will narrow by at least 30% this year and potentially more in 2026, aiming for a balanced and fair trade relationship [3]

Group 1 - ClearBridge Investments released its second-quarter 2025 investor letter for the ClearBridge Small Cap Strategy, highlighting volatility in small-cap stocks during the quarter [1] - The Russell 2000 Index rebounded 10% from its November 2024 record highs, driven by growth, momentum, high-beta, and low-quality stocks, but underperformed compared to the Russell 1000 Index, which returned 11.1% [1] - The ClearBridge Small Cap Strategy underperformed its benchmark during this period [1] Group 2 - Abacus Global Management, Inc. (NASDAQ:ABL) was highlighted in the investor letter, with a one-month return of 3.57% and a 52-week loss of 32.42%, closing at $6.67 per share with a market capitalization of $639.795 million on September 15, 2025 [2] - ClearBridge exited its position in Abacus Global Management due to concerns over its performance and a short report alleging inflated policy values linked to a conflict of interest [3] - Abacus Global Management is not among the 30 most popular stocks among hedge funds, with 30 hedge fund portfolios holding the stock at the end of the second quarter, up from 26 in the previous quarter [4]

The USD is lower vs all the major currencies to start the trading day and one day ahead of the FOMC rate decision. Trump nominee for FOMC board Stephen Miran was approved and will participate in the FOMC rate decision culminating with the decision at 2 PM tomorrow. The expectations is that he would dissent for a larger cut than the expected 25 basis points. Miran has also advocated for the benefits of the US dollar moving lower for manufacturing. That may be a little bit of what were seen in trading today. ...

We recently published All-Time High Fever: 10 Stocks Soaring and Breaking Records. IREN Ltd. (NASDAQ:IREN) is one of the best performers in last week’s trading. Shares of IREN Ltd. jumped by 9.36 percent to hit a new all-time high as investors took path from an analyst’s bullish coverage for its stock. During the session, IREN Ltd. (NASDAQ:IREN) soared to its highest price of $37.23 before trimming gains to end the day just up by 9.36 percent at $37.14 apiece. IREN Ltd. (IREN) Hits Fresh High as Analyst ...

We recently published All-Time High Fever: 10 Stocks Soaring and Breaking Records. Lyft Inc. (NASDAQ:LYFT) is one of the best performers in last week’s trading. Shares of Lyft Inc. (NASDAQ:LYFT) rallied to a new all-time high on Monday, as investors cheered potential benefits from a pending legislation in California that is expected to bolster its EBITDA next year. During the session, the stock touched a new 52-week price of $20.50 before a slight pullback to end the day just up by 9.77 percent at $20.44 ...