INDYNEWS
- Asia Markets Fall as Fed Hike Bets and Middle East Tensions Collide
Chip stocks led declines across the region after Fed governor Kevin Warsh revived rate-hike expectations and oil prices rose on a US-Iran military exchange.
- Liontown Resources Posts First-Ever Annual Profit on Lithium Gains
Record revenue lifted the Australian miner into profitability for the first time, and shares rallied on the news.
- 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.
- US Strikes on Iranian Launchers Send Oil Higher, Asian Stocks Lower
Attacks on Larak Island targets pushed crude up and rattled Asian equity markets, while U.S. futures pointed to a weaker open.
- Intuit Insider Sells More Than a Third of Direct Stake Near 52-Week Lows
The sale, equal to 36% of the executive's prior equity position, came as Intuit shares traded down roughly 48% over the past year.
- Oil Jumps Over 2% After US Strike on Iran's Larak Island
Renewed fighting in the Middle East pushed crude higher as traders priced in supply-disruption risk from an attack on an Iranian island facility.
- Bitcoin ETFs Snap Nine-Day Inflow Streak as Ether Funds Keep Gaining
The divergence comes as Japan's yen weakened again despite a $97 billion intervention effort, a currency move some are watching for spillover into risk assets like bitcoin.
- Energy Transfer builds out as a top natural gas supplier to AI data centers
The pipeline operator's growing role feeding gas-fired power to data centers positions it as a lesser-known beneficiary of AI infrastructure spending.
- Boeing engineers authorize October strike as 737 output hits multiyear high
The vote comes just as Boeing accelerates 737 production to its fastest pace in years, threatening to disrupt the ramp before it fully takes hold.
- Aon Nears $17 Billion Deal to Buy KKR-Backed USI Insurance
The insurance broker is closing in on one of the sector's largest acquisitions this year, according to the Wall Street Journal.
- Bitcoin Nears $79,000 as Saylor Signals Return to Buying, But Treasury Firms Still Flagged as Risky
Strategy's chairman hints at his company's first bitcoin purchase in two months just as bitcoin dominance climbs above 60%, even as analysts keep warning about treasury-company structures.
- S&P 500 Records Highs, But Just Two Stocks Are Doing the Work
Yahoo Finance reports the index's advance is being driven overwhelmingly by Microsoft and Nvidia, even as JPMorgan stays bullish on the broader market.
- Nvidia's Blowout Quarter Squeezes AMD and Intel's Data-Center Story
Nvidia's latest results underline how much ground rivals must close in AI chips, according to Yahoo Finance and The Motley Fool coverage of the print.
- Traders Brace for Jobs Report That Could Force a September Rate Hike
A hotter-than-expected employment reading is being flagged as the catalyst that could send bond yields sharply higher and test the stock rally.
- Software Stocks Rally as 'AI Will Kill SaaS' Narrative Loses Steam
A strong week of subscription-software earnings is undercutting the year-long fear that AI assistants would gut the software-as-a-service business model.
- Broadcom's 25% Pullback Exposes a Widening AI Valuation Gap With AMD
CEO Hock Tan has not changed his forecast of more than $100 billion in AI revenue by 2027, but the market is now paying a quarter less for it.
- Rising bond yields have added tens of billions to G7 governments' financing costs since the US-Iran war began
Higher borrowing costs across the world's largest developed economies are compounding pressure on public finances already strained by the conflict.
- US Takes 35% Stake in Venezuelan Oil Venture Under Pentagon-Brokered Deal
The arrangement, structured to run 25 years, has already drawn pushback from both the Maduro government's allies and the opposition.
- Druckenmiller Exits Broadcom, Rotates Into Other AI Compute Names
The billionaire investor's move suggests a bet on different links in the artificial intelligence hardware supply chain rather than on AI broadly.
- Warsh's Hawkish Jackson Hole Remarks Move Bond Market Expectations
Traders priced in tighter Fed policy after Kevin Warsh's tough inflation talk, though the shift may not last.
- Bessent Warns Disorderly Yen Moves Could Destabilize Global Markets
The Treasury Secretary flagged spillover risk from yen volatility into broader markets, according to two separate wire reports.
- Nvidia's Own CFO Flags Margin Squeeze, Turning Investor Focus to Micron
Nvidia guided gross margin lower for the next two quarters, a signal analysts say benefits memory-chip maker Micron.
- Fed Officials Signal September Hike Even as August Payrolls Weaken
Kevin Warsh and other Fed voices argue a rate increase is still likely despite job losses in August, a break from the usual playbook.
- Caterpillar's Power Business Now Rivals Construction in Size
The equipment maker's power-generation segment has grown to nearly match its traditional construction unit, a shift that could reshape how investors value the stock.
- Abercrombie & Fitch Shares Jump on Business Update
The retailer's latest update gave investors reason for optimism, though the specific figures behind the move were not detailed in the report.
- Iranian Trade Volume Fell 35% as US Sanctions Pressure Intensified
The drop underscores how renewed US economic pressure is squeezing Iran's economy well beyond earlier sanctions rounds.
- OpenAI to Cut Ties With Cursor After SpaceX Buys AI Coding Startup
The end of the partnership follows SpaceX's acquisition of Cursor, leaving the coding-assistant startup without one of its key model suppliers.
- Bond market gives Warsh a pass on first big Fed test
Yields held steady after the new Fed chair said inflation work isn't done, a sign investors believe his inflation talk without demanding more detail on rate path.
- Fed Warning and Yen Support Fight Collide Over Rate Path
Treasury Secretary Bessent defended yen support on borrowing-cost grounds as commentary flagged that carry traders may be pricing more aggressive Fed hikes.
- Appeals Court Sides With Nevada Over Kalshi, Lifting DraftKings and Flutter
A federal appeals court ruled Kalshi cannot block Nevada's oversight of sports prediction markets, removing a legal shield for exchange-style betting products.