CNBC market close business news update. I'm Jessica Edinger. Bond yields rose, oil was higher.The US war with Iran continues. Stocks open Wednesday morning after a losing Tuesday for the major averages. The Dow was down 116 points, 2/10en of a percent.Caterpillar shares led it lower. They were down 4 and a half%. The S&P 500 index down 53 points.That was a half percent. And the Nasdaq was down 355 points. That was 1.3%.Third straight day of declines for the major average as chips got hit hard. The bond mark ...

You look at Bitcoin as today, it's stuck in that $60,000 range. We see meaningful pullbacks across the sector. Bitcoin miners and treasury firms are all pivoting to AI.What's fundamentally changed in that period. In that three years I boom. And everyone's focus going into I multi-billion dollar valuation at the seed rounds.And I feel like slowly and slowly the way I feel market is turning out for the eye. People are using that cash to slowly go back to the crypto. That's the trend we have started seeing, bo ...

Chief market strategist for Americas Gabriela Santos, says that the safest areas during these shocks are European equities, treasuries, gold and core real estate. Gaby joins us now. Gaby, great to see you. Good to see you, Danny.I wonder, is it time to, like, dust off this playbook now. Is it the time to hide into maybe the AI shock factor basket. Well, I think what we learned over the summer, we shouldn't forget as summer.Sooner rather than later comes to a close, is that you can be very bullish on all thi ...

Macroeconomic Environment and Bond Markets - Global 30-year bond yields reached multi-decade highs, driven by inflation concerns, government debt issuance, and AI infrastructure spending[1][3] - US 10-year Treasury yields approached a critical resistance level of 4.75%, with potential to accelerate toward 5%[6][8] - US total public debt is projected to hit 40 trillion dollars before the end of the month[96] - Investment grade debt issuance has seen record months, including significant corporate and tech bond issuances[55][58] Artificial Intelligence Industry and Corporate Costs - Snowflake introduced a dynamic model routing tool to help companies reduce AI operational costs by selecting models based on task appropriateness and token pricing[11][12][68] - Anthropic reported an annual run rate of 65 billion dollars, showing growth and adjusted positive income in the second quarter[14][16] - Hyperscalers and tech companies are heavily investing in AI infrastructure, with total capital expenditure spending estimated at 4.5 trillion dollars[43] Retail and Consumer Sector - Home Depot reported strong second-quarter comparable sales and revenue beat, driven by professional contractors focusing on smaller-scale maintenance projects rather than major renovations[18][19][22] - Amer Sports experienced double-digit growth across all segments and a 40% jump in direct-to-consumer sales, boosted by strong demand for outdoor and performance brands in China and the US[26][27][111] - The RealReal noted that luxury consumers remain resilient, with Gen Z and millennial demographics showing strong demand for fine jewelry, watches, and handbags, while checking secondary market values before primary purchases[143][144][146]

RT None (@None)Tradermayne Reveals $200 million in Loans Backed by a Thousand Wheels of Cheese."That's 200 million in loans. The banks will seize and sell the cheese if the farmers can't pay it back. Banks use automated machines that brush and turn the cheese wheels every day to keep it fresh. This is something that if you told me this, I would think you were lying to me until you showed me the video.”Feat. @Tradermayne ...

Ukraine has ramped up its bombing campaign on Russian targets, and those include oil and gas targets, as well as some of the country's most vulnerable economic targets as well. Over the course of the summer, Ukraine has hit more than 20 Wild Berries warehouses. >> Wild Berries is one of Russia's most important household names, and it's Russia's also biggest online retailer.So the warehouses that they're hitting are essentially these incredibly huge spaces that hold the goods of hundreds of thousands of sell ...

Macroeconomic Trends & Debt - The 30-year U.S. Treasury bond yield reached its highest level since 2007 due to inflation concerns and government borrowing [1][2] - The federal deficit is approaching $2 trillion ($2,000 billion) this year, with total federal debt nearing $40 trillion ($40,000 billion) [4] - Long-term interest rates are rising globally, including similar trends observed in Japan [4][5] - Inflation remains above the Federal Reserve's target, with the core Personal Consumption Expenditures (PCE) index around 3.3% compared to the 2% benchmark [11] Corporate Sector & Financial Markets - Corporate sectors are experiencing a boom with record profit margins and stock market highs, driving overall economic growth around 2% [13] - Companies are receiving tens of millions of dollars in refunds from the government following Supreme Court rulings against certain tariffs [15] - U.S. tariff costs were largely absorbed into corporate profit margins, resulting in companies using tariff refunds to further pad their profit margins [16] Labor Market & Consumer Impact - Average hourly earnings remain flat or slightly negative when adjusted for inflation due to sticky price increases [14] - The labor market shows signs of a "jobless boom," featuring zero job growth in July and negative job growth in five of the past 12 months [17][18] - Tariffs on Canadian goods were threatened to reach as high as 50% by midnight, though expectations suggest diplomatic resolution or legal challenges will prevent implementation [19][20]

Intesa owned about $966 million in SpaceX shares at the end of June, according to a regulatory filing detailing the holding for the first time https://t.co/Vg2ZQSQVLE ...

A sudden decision by India’s central bank has caught bankers, economists and traders off guard https://t.co/3wFr49sMWe ...

Market Trends and Macroeconomic Environment - Stock markets experienced a downturn on Wall Street, with the Dow Jones dropping 159 points (led by Caterpillar shares down almost 3%), the S&P 500 falling 43 points, and the Nasdaq declining 342 points (1.25%), driven by ongoing geopolitical tensions from the US-Iran war and high interest rates [1][2] - Global bond yields surged significantly, with the 30-year US Treasury yield hitting a 24-year high of 5.33%, the 10-year Treasury benchmark rising to 4.74%, the US national debt clock reaching 40 trillion dollars, and international yields hitting multi-year highs in Japan (30-year high), France (18-year high), and Germany (15-year high) [3] - European Central Bank economists warned of a looming market correction driven by artificial intelligence (AI) and overconfident investors pushing asset prices beyond fundamental values, accompanied by a global bond slump [2] Real Estate and Housing Market - July housing starts fell 12.4% to an annualized rate of 1,239,000 units, marking the slowest pace since May due to high borrowing costs and disappointing numbers across both single-family and multi-family sectors [7][8] - Single-family housing starts dropped 16% year-over-year, while the 30-year fixed mortgage rate climbed to 6.73% (approaching 7% according to Mortgage News Daily), restricting mobility and home improvement spending among consumers [8][9] - Home Depot maintained its financial outlook amid what it described as a frozen housing market, with shares ticking higher despite fewer Americans moving and reduced do-it-yourself renovation activities [9] Corporate and Investment Sector - Investment analysts noted that the 5.33% yield on 30-year and 20-year government paper presents a compelling entry point for investors seeking fixed-income returns amid challenging market conditions [5][6] - Reddit joined the S&P 500 index, replacing the real estate investment trust Avalon Bay Communities [10]