IPO Market - StubHub has gone public, opening slightly above its offering price of $23.50 per share, raising approximately $800 million by selling 34 million shares [1][2] - The overall market for new offerings is experiencing a resurgence, with the previous week being the busiest since 2021, featuring seven large IPOs [2] Nvidia - Nvidia's stock closed down over 2.5% after reports of China banning local tech companies from purchasing its chips, specifically the RTX Pro 6000D [3][4] - This marks a second setback for Nvidia, as market regulators have initiated an anti-monopoly investigation regarding its acquisition of Milanx in 2020 [5] - The company did not include any sales from China in its recent earnings guidance, indicating potential challenges in that market [4] Chinese Market Dynamics - Chinese ADRs saw gains as local companies like Alibaba and Baidu are developing their own chips to compete with Nvidia, following the chip news [6] - State media reported that Alibaba secured a significant customer, China Unicom, for its chips, supporting China's push for self-reliance in technology [6] Housing Market and Economic Indicators - The average 30-year fixed mortgage rate has decreased, leading to an increase in refinancing activity as consumers seek to capitalize on lower rates amid economic uncertainty [7][9] - The upcoming Federal Reserve rate decision is anticipated to impact various sectors, particularly tech and utilities, which are typically responsive to rate cuts [8] Labor Market and Consumer Health - Initial jobless claims are expected to be around 240,000, with a hotter-than-expected number potentially acting as a market catalyst [11] - The small-cap sector has shown resilience, spiking nearly 2% following the Fed's rate cut decision, indicating a need for lower borrowing costs [12] - Darden's upcoming earnings report is expected to provide insights into consumer behavior, particularly regarding affordability and menu adjustments to cater to value-seeking consumers [14]

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Market Overview - The Federal Reserve is expected to cut interest rates by 25 basis points, which has led to bullish sentiment in the stock market, pushing stocks to record highs [1] - A more dovish stance from Fed Chair Jerome Powell than anticipated could be perceived negatively, indicating potential market retracement, particularly affecting high-performing stocks [2] AI Industry Developments - Salesforce plans to invest $6 billion in its UK operations by the end of the decade to establish the country as its European AI hub [3] - Microsoft is set to invest $30 billion in the UK from 2025 to 2028, further emphasizing the growing importance of the UK in the AI sector [3] - Chinese AI stocks have reached new records, with the Hang Seng Tech Index closing at its highest level since November 21, driven by strong performances from companies like Baidu and Alibaba [4] Cryptocurrency Market - Bitcoin prices have recently broken out of a trading range as the US dollar hits a four-year low, indicating a potential resurgence in the crypto market [5] - The crypto market is preparing for another upward movement as the Federal Reserve begins to cut rates, which may exert additional pressure on the US dollar [5] - Eric Trump is involved in the crypto sector as the co-founder of American Bitcoin, while Hut 8, led by Asher Genoot, provides essential infrastructure for bitcoin mining [6]

Federal Reserve Insights - The Federal Reserve is expected to raise interest rates by 25 basis points, but the focus will be on the summary of economic projections, including GDP growth, unemployment, inflation, and PCE [1][2] - Jerome Powell will discuss the current economic outlook and the Summary of Economic Projections (SEP), which will provide critical insights for the market [2][3] - There is speculation about dissenting opinions within the Fed regarding the rate decision, with some members potentially advocating for a larger cut of 50 basis points [3][4] Trade Talks and International Relations - President Trump's visit to the UK is marked by significant ceremonial events, raising questions about potential new trade deals between the US and the UK [5][6] - Major companies like Microsoft, Nvidia, Alphabet, and OpenAI have announced investments in the UK, indicating a focus on international business relations [8] Housing Market Data - Recent mortgage applications show a decrease in the 30-year mortgage rate from 6.49% to 6.39%, leading to a 2.9% increase in purchases and a substantial 24.4% rise in refinances [10][11] - Housing starts and permits are below expectations, with housing starts at 1.307 million, down from over 1.4 million last month, and permits at 1.31 million, also lower than anticipated [12][13]

Market Overview - US equity futures are flat ahead of the Federal Reserve's decision, with S&P and Nasdaq futures down 0.1% [1][3] - Nvidia shares fell 1% in premarket trading after reports that China ordered companies to terminate orders for specific AI chips [1][3] - The dollar is near its lowest level in three years, while gold remains near record highs [1][3] Corporate News - Cytokinetics (CYTK) shares rose 1% after announcing a $550 million convertible notes offering and a meeting with US regulators regarding its drug application [4] - Manchester United (MANU) shares fell 9% due to flat revenues and increasing losses [4] - New Fortress Energy (NFE) shares surged 24% after finalizing a $4 billion liquefied natural gas supply deal with Puerto Rico [4] - Vtex (VTEX) shares increased 5% following an upgrade from Jefferies, citing overdone declines and intact long-term growth prospects [4] - Workday (WDAY) shares rose 9% as analysts expressed positive outlooks and Elliott Investment Management noted substantial progress [4] Economic Indicators - Housing starts and building permits data are expected ahead of jobless claims data [1] - The Bank of Canada is anticipated to cut its benchmark overnight rate to 2.5% following weak jobs data [9] International Trade and Relations - China instructed tech firms, including Alibaba and ByteDance, to stop orders for Nvidia's AI chips, impacting Nvidia's stock [1][21] - Trump discussed easing tensions with Indian PM Modi amid tariff disputes and oil purchases from Russia [7] - China released a Wells Fargo banker previously barred from leaving the country, ahead of a potential meeting between Trump and Xi Jinping [7]

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US stocks pulled back from records on Tuesday as the Federal Reserve kicked off its September policy meeting. The benchmark S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) fell around 0.1% and 0.15%, respectively, while the Dow Jones Industrial Average (^DJI) dipped nearly 0.3%. In an otherwise light week on economic data, investors received the latest figures on retail sales on Tuesday showing strong consumer spending despite sticky inflation and a wobbly labor market. Retail sales in August ...

Group 1 - The upcoming discussions between President Trump and UK Prime Minister Keir Starmer will focus on trade deals and investment opportunities, with a significant emphasis on business collaboration [1][4] - President Trump is expected to announce $0 billion worth of trade cooperation agreements, which will include sectors such as defense technology and nuclear agreements [3] - The narrative surrounding the meetings will highlight the benefits of increased business for both the US and the UK, aiming to maintain a strong focus on economic collaboration throughout the week [4] Group 2 - The meetings will take place during a busy week that includes a Federal Reserve rate decision and a potential call with the Chinese president, indicating a complex geopolitical landscape [2] - Executives from various sectors will be meeting with Trump and Starmer, reinforcing the importance of business discussions in the context of US-UK relations [4]

NEW YORK: Wall Street stocks advanced on Monday with the S&P 500 and Nasdaq Composite reaching new all-time highs amid growing anticipation of a Federal Reserve interest rate cut. Investor optimism was further bolstered by positive developments from US-China economic discussions held in Madrid. The Dow Jones Industrial Average rose 0.1% to close at 45,883.45, while the broad-based S&P 500 Index gained 0.5% to finish at 6,615.28. The technology-focused Nasdaq Composite Index surged 0.9% to end the trading se ...

And counting down to the big Fed rate decision on Wednesday. Our Contessa Brewer is standing by with a look at how investors are positioning ahead of the meeting in today's ETF edge. Contessa, take it away.Thank you, Courtney. Well, with the Fed top of mind this week, investors are looking more closely at alternative fixed income strategies. With me now, Nick Turney, head of innovation at Janice Henderson.It's good to see you. So given that we're all waiting to see what happens on this front, are there cert ...