Kevin McCarthy Is Out After Averting Government Shutdown. The U.S. Got Something Worse.
Kevin McCarthy is out as House Speaker—and the financial markets have a problem.
Source: marketwatch.com
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Market Mood Lifted by Shutdown Deal. Why Investors Can Look Forward to October.
The government stayed open but the drama hasn’t ended, key data for Tesla as it updates Model Y, and other news to start your day.
Source: marketwatch.com
Strikes, Dot Plots, Energy Prices. How the Fed's Inflation Battle Is Getting Tougher.
Instacart’s IPO is up next as companies test appetite for new stock, oil prices hit 10-moth highs amid supply fears, and other news to start your day.
Source: marketwatch.com
Citigroup reorganizes business model to streamline operations
Citigroup is making "significant changes" to streamline its organizational model. The flatter structure will eliminate management layers and speed up decision-making.
Source: foxbusiness.com
Adobe generative AI suite Firefly now available for commercial use
Adobe Inc.'s family of generative artificial intelligence models, dubbed Firefly, is now available for commercial use for creating content on programs like Photoshop and Premiere.
Source: foxbusiness.com
Gundlach and Gross Are Battling. What They're Buying Is Far More Interesting.
At the Future Proof conference in Huntington Beach, Calif., the former Pimco titan said he has 40% of his investments in MLPs, while DoubleLine's founder...
Source: marketwatch.com
Roku Says It Will Fire 10% of Employees, Stock Jumps
It will also reduce office space and look at other sources of cost savings.
Ben Levisohn Exchange Commission Article Normal Corporate Strategy Planning Financial Performance Share Price Movement Disruptions
Source: marketwatch.com
How Netflix Can Weather the Hollywood Strikes. Its Stock Could Even Pop.
The surprising success of ‘Suits‘ this summer is showcasing the streamer’s strengths. Its stock could pop.
Source: marketwatch.com
Stocks Stink in September. This Year Could Be Different.
This could be a balmy month for markets as corporate earnings look poised for liftoff and profit margins expand.
United States Savita Subramanian Ben Levisohn Albert Edwards Howard Schnapp Newsday Getty Ed Yardeni
Source: marketwatch.com
After Nvidia's Blowout Earnings, the Sky's the Limit for AI Leader. Here's Why.
Biden’s economic policies come under fire in GOP debate, R-Star Is the buzzword for the Fed’s Jackson Hole meeting, and other news to start your day.
Source: marketwatch.com