BUSINESS
Asian stocks edge lower after mixed Fed signals
The MSCI Asia Pacific Index fell 0.2% at the open with declines in Japan, which returned after a holiday, Australia and South Korea.
WORLD
Dimon says Trump’s new H-1B visa fee ‘caught everyone off guard’
Late last week, Trump signed a proclamation slapping a $100,000 fee on new H-1B petitions as a condition of entry to the US
WORLD
Jerome Powell reiterates no risk-free path for US Fed amid dual threats
Powell offered no hints on whether he might support a rate cut at the Fed’s next meeting, in October
ENTERTAINMENT
Nexstar joins Sinclair in boycotting Jimmy Kimmel’s show
Walt Disney Co., parent of ABC, said Kimmel would return to hosting duties after a suspension surrounding his remarks about the assassination of activist Charlie Kirk
BUSINESS
China courts foreign gold reserves to boost global clout
Countries have been snapping up gold as a hedge against mounting geopolitical risks, creating the opportunity for the PBOC to offer a haven for an asset deemed crucial as a buffer to economic shocks.
BUSINESS
VCs to AI Startups: Please take our money
For Decagon and a few dozen other top AI startups, the fundraising script has flipped: Instead of pitching venture capitalists up and down Sand Hill Road, VCs are pitching them, hovering with gifts and favors in hopes of leading their next round.
BUSINESS
Wall Street strategists chase S&P 500 like few times in history
Only in 2024 and 1999 have the calls lagged the market’s actual return so much around this time of the year.
BUSINESS
US stocks hold losses as Powell gives no hint of cuts
While most S&P 500 shares rose, the gauge edged lower as a gauge of megacaps underperformed. Ten-year yields slid one basis point to 4.13%
BUSINESS
Record rally takes S&P 500 past year-end forecast, Wall Street targets lag YTD return
Earnings growth estimates have been steadily advancing since July, giving equity investors yet another reason for optimism. Analysts now expect S&P 500 500 profits to grow 9.4% this year, up from 7.1% shortly after Labor Day, according to Bloomberg data.
BUSINESS
World economy yet to feel full force of Trump tariffs, OECD says
In new forecasts published on Tuesday, the Paris-based organization raised its 2025 outlook for world growth and most individual economies, citing the impact of front-loading in anticipation of higher tariffs
BUSINESS
L’Oréal only interested in Armani’s profitable beauty business
The French beauty giant was one of three preferred bidders cited in Armani’s will for an initial stake sale of 15% in Giorgio Armani SpA, which his heirs were directed to complete within 18 months
BUSINESS
ICICI Prudential AMC begins roadshows for $1.1 billion India IPO
The IPO involves the sale of 17.65 million shares, or a 10% stake held by Prudential, and could raise as much as 100 billion rupees ($1.1 billion)
BUSINESS
Jaguar Land Rover says plants will remain shut until October
The Range Rover maker has been hit hard by the cyberattack, which has derailed its operations for more than three weeks now.
BUSINESS
Botswana wants to buy De Beers controlling stake by next month, says President
Boko’s government is in talks with the US — the biggest buyer of natural gems — to remove tariffs on diamonds, and the president expects to meet Commerce Secretary Howard Lutnick to discuss the matter.
BUSINESS
China rare earths issue remains unresolved, US lawmaker says
The two governments reached a framework agreement in June that includes a Chinese commitment to review applications for shipping rare earth magnets, although few details of the deal have been disclosed.
BUSINESS
Huawei plans three-year campaign to overtake Nvidia in AI chips
Huawei’s announcement coincided with a recent plethora of revelations about advances in AI chips led by Chinese firms from Alibaba Group Holding Ltd. to Baidu Inc.
BUSINESS
China’s emissions may start to slide in 2030 on green investment
The country’s energy transition is expected to face steep challenges as rebounding coal generation affects efforts to control emissions.
BUSINESS
Walmart-backed Flipkart invests $30 million in fintech arm Supermoney
Launched less than a year ago, Supermoney has quickly become India’s fifth-largest UPI app, handling about 257 million transactions a month, according to data from the National Payments Corporation of India.
BUSINESS
Fed’s Miran makes an outlier’s argument for cutting rates
“The upshot is that monetary policy is well into restrictive territory,” Miran said Monday in prepared remarks for an event at the Economic Club of New York. “Leaving short-term interest rates roughly 2 percentage points too tight risks unnecessary layoffs and higher unemployment.”
BUSINESS
Asian stocks primed for best year against US peers since 2017
The MSCI Asia Pacific Index has climbed 22% this year, beating the S&P 500 Index by around eight percentage points and set for the biggest annual outperformance since 2017.
BUSINESS
China floods the world with cheap exports after Trump's tariffs
With access to the US curtailed, Chinese manufacturers have shown they aren't backing down: Indian purchases hit an all-time high in August, shipments to Africa are on track for an annual record and sales to Southeast Asia have exceeded their pandemic-era peak.
BUSINESS
Asian stocks edge up after record on Wall Street
Gauges in Australia and South Korea rose while equity-index futures for Hong Kong — facing its most damaging typhoon since 2018 — were flat.
WORLD
Poland threatens to shoot down Russian jets after airspace violations
Prime Minister Donald Tusk warned that Poland will shoot down any unauthorized foreign aircraft after a spate of Russian incursions, as NATO scrambles to respond to escalating airspace violations.
WORLD
Doctors likely to be exempt from Trump administration’s $100,000 H-1B visa fee: White House
H-1B visa fee news: Health care employers often sponsor medical residents and other physicians through the H-1B program.
