US macro, policy and market structure.
112 report(s) in the archive
Cloud giants are now outspending their own cloud revenue on data-center buildout just as Wall Street awaits Nvidia's next earnings report.
Major cloud companies are spending 102% of their cloud revenue on capital expenditures for AI infrastructure, a level flagged as unusual ahead of Nvidia's upcoming earnings.
Ottawa says it will match Washington tariff for tariff after negotiations broke down, hitting a broad range of US sectors.
Canada will impose retaliatory tariffs across multiple US sectors after trade talks with Washington collapsed, Prime Minister Mark Carney said.
Scott Bessent's Treasury has intervened directly in the bond market, leaving incoming Fed Chair Kevin Warsh with fewer options as the FOMC weighs its next move.
The U.S. Treasury's direct intervention in the bond market complicates Fed Chair Kevin Warsh's policy options ahead of upcoming FOMC decisions.
American Securities, which holds a 10% stake, sold the shares alongside a separate distribution of 7.9 million shares and a management share disposal.
American Securities, a 10% owner of SOLV Energy, sold $220.5 million of stock, while SOLV Energy management holdings separately disposed of 1.3 million shares.
The move followed a White House sit-down with SEC and CFTC leadership, where Trump pressed Congress to act on crypto legislation.
Bitcoin rose 7% after President Trump met with crypto industry executives alongside the heads of the SEC and CFTC and urged Congress to pass market-structure legislation.
Record membership growth and digital sales gains drove the warehouse retailer past Wall Street expectations.
BJ's Wholesale Club beat Q2 fiscal 2026 estimates and raised its full-year outlook, citing record membership and digital growth.
Two separate August PMI readings sent opposite signals on the health of the US economy in the same session.
The U.S. services PMI surged past both forecasts and its own prior reading, while the manufacturing PMI missed expectations and pointed to slower growth.
The apparel retailer's second-quarter results topped Wall Street forecasts on both the top and bottom line, sending shares higher in the latest session.
Buckle stock rose 5% after the company beat second-quarter revenue and earnings estimates.
The Indian steel pipe maker's stock surged after landing a bumper contract in the United States.
Welspun Corp shares surged to a record high after the company secured a $1.8 billion order from a U.S. customer.
Gold and silver stage a mid-week surge, sending Wheaton Precious Metals up 11%, as fresh White House escalation against Tehran injects a geopolitical risk premium into commodity markets with policy details still undisclosed.
President Trump's announcement of an unspecified 'crushing economic operation' targeting Iran drove a sharp bid into precious metals, lifting streamers and miners. Wheaton Precious Metals jumped 11% while DRDGOLD reported Q4 results into a strengthening bullion tape.
President presses Congress on the stalled Clarity Act during an Innovation Advisory Committee gathering of exchange chiefs; HYPE surges 11% after Trump says CFTC Chair Selig is working to onshore Hyperliquid's perpetual futures venue.
A White House crypto event turned into a policy catalyst: Trump publicly urged Congress to advance the Clarity Act, which has stalled in the Senate over provisions that fail to constrain the president's own digital-asset ventures. Bitcoin rallied 5.5% and Hyperliquid's HYPE token jumped 11% on comments that the CFTC is working to bring the offshore perpetuals platform into the U.S. regulatory perimeter.
White House holds off on punitive duties on select Canadian goods, citing an imminent agreement — a de-escalation that removes a near-term overhang for North American supply chains but leaves the tariff mechanism intact as leverage.
President Trump has paused the planned 50% tariffs on certain Canadian goods, saying a trade deal is close. The reprieve eases a key cross-border risk premium, though the administration retains the option to reimpose duties, keeping industrial, auto and materials supply chains on alert.
Treasury yields hold in a tight range ahead of the FOMC record while a sharp escalation in North American trade friction and renewed pressure on Iran keep the geopolitical risk premium elevated.
Canada is bracing for 50% US tariffs covering roughly $20 billion in goods, a material escalation in North American trade friction with direct implications for cross-border industrials, autos and materials. Treasury yields held steady as investors deferred positioning until the release of Federal Reserve minutes, leaving duration effectively unhedged against a tariff-driven inflation impulse. European bourses were mixed to lower, with Poland's WIG30 down 1.26% and Turkey's BIST 100 off 0.28%, while Tehran's leadership weighed the risk of further economic pain and domestic unrest if Washington tightens sanctions pressure.
Wall Street's base case shifts to a no-move September barring a dramatic data surprise, with the greenback's slide moderating into North American hours and equities grinding to fresh highs before futures softened.
Goldman Sachs expects the Federal Reserve to stand pat at its September meeting absent an outsized data shock, anchoring rate expectations at a moment when the S&P 500 has already registered an all-time high. The dollar has extended losses but is stabilizing, and Monday futures slipped modestly — a pattern consistent with positioning fatigue rather than a change in macro regime.
Stock-index futures were little changed into the new week as investors weigh the policy path, with strategists now openly pricing leadership risk at the Federal Reserve.
U.S. equity futures were broadly flat following a quiet week, with positioning frozen ahead of clearer signals on the Fed's rate trajectory. Commentary around a potential Warsh-led Fed is injecting an institutional-credibility variable into rates markets alongside conventional data dependency.
Wall Street strategists shift narrative from 'spending risk' to 'spending-to-earnings conversion' as hyperscaler backlogs, memory pricing and semicap records validate the infrastructure buildout
Alphabet's raised 2026 capital expenditure guidance to $205 billion arrived alongside a $514 billion Google Cloud backlog, reframing the AI investment debate around revenue conversion rather than balance-sheet strain. Strategists now argue spending is directly feeding earnings, a thesis reinforced by SK Hynix's blowout week, record Applied Materials revenue and Nvidia's growing role as system-wide financier of the AI supply chain.
Walmart and Target results this week become the market's cleanest read on household resilience as persistent inflation, food-aid cuts and softening data surprises converge on the demand outlook.
Investors are positioning ahead of Walmart and Target earnings, viewed as the definitive checkpoint on U.S. consumer health. The reports land alongside a run of downside macro data surprises pressuring the dollar's momentum and mounting political friction over federal food-assistance reductions.
German direct investment into the United States fell to a three-year low, according to fresh data, as tariff volatility and regulatory unpredictability push Europe's largest industrial base to defer American expansion plans.
German companies cut US investment to the lowest level in three years, a signal that transatlantic capital flows are being re-priced around policy risk rather than fundamentals.
An attack on an ADNOC-linked vessel in the Strait of Hormuz coincides with extended U.S. carrier deployment and a U.K. crackdown on Chinese components in naval drone supply chains, pushing geopolitical risk back to the front of the macro agenda.
A vessel tied to ADNOC was attacked in the Strait of Hormuz as President Trump defended an extended carrier deployment in the region, while the U.K. stepped up defense supply-chain vetting after Chinese-origin signals were detected in naval drones. The twin developments reassert a security premium across energy and defense-linked assets.
Unresolved sticking points leave North American supply chains facing a punitive tariff cliff, with materials, autos and energy inputs most exposed
Negotiators from the United States and Canada remain apart on key issues as a 50% tariff deadline approaches, injecting fresh cross-border trade risk into an integrated manufacturing base that has already absorbed multiple rounds of policy volatility.