News Archive

Every report the desk has filed, searchable by full text, topic, format, symbol and date range.

Baird Upgrades Four Farm and Construction Equipment Makers in One Day

Deere, CNH Industrial, AGCO and Titan Machinery all received rating upgrades from Baird on the same day, citing margin recovery and a turn in the North America crop outlook.

Baird upgraded its ratings on Deere, CNH Industrial, AGCO and Titan Machinery in a single day, pointing to margin recovery potential and improving inventory conditions across the farm-equipment sector.

SPECIAL REPORTBULLISH

Yen Breaks Past ¥160, Japanese Yields Hit 30-Year High

Hawkish comments from Fed candidate Kevin Warsh at the Jackson Hole gathering pushed traders to price in more monetary tightening, hitting Japanese bonds and the currency together.

The yen weakened past ¥160 per dollar and Japanese government bond yields rose to their highest level in three decades after investors raised bets on tighter monetary policy following the Jackson Hole meeting.

BREAKING STORYBEARISH

China's Factories Stay in Contraction as Airlines Post Heavy Fuel-Driven Losses

August factory activity improved slightly but remained below the growth threshold for a second straight month, while China's three largest carriers reported steep first-half losses on fuel costs.

China's factory activity contracted for a second consecutive month in August even as it improved slightly, while the country's three biggest airlines posted heavy first-half losses driven by a fuel-price shock.

SPECIAL REPORT

Dollar Hits Two-Week High as Warsh Fuels Rate-Hike Bets, Yen Breaks 160

Treasury Secretary Bessent said the yen's slide is 'contained' and that Washington won't pressure the Bank of Japan on rates, even as gold steadied after a sharp selloff.

The dollar climbed to a two-week high and the yen slipped past 160 per dollar after Kevin Warsh's comments raised expectations for a Federal Reserve rate hike, while gold stabilized following a sharp drop.

MARKET REPORTBULLISH
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