$NVDA - NVIDIA EXEC SAYS CO HAS RECEIVED H20 LICENSES FOR SEVERAL KEY CUSTOMERS IN CHINA – GS CONF
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BOFA CFO SAYS EXPECTS INVESTMENT BANKING FEES TO RISE 10%-15% IN 3Q
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*FRENCH PREMIER BAYROU TO RESIGN AFTER LOSING CONFIDENCE VOTE
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NETANYAHU WARNS GAZA RESIDENTS TO LEAVE NOW
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VENEZUELA DEFENSE MINISTER PADRINO: VENEZUELA NOT SCARED BY US THREATS BUT ALERT, VIGILANT
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RUSSIA WANTS TO ESTABLISH DIRECT LINK TO CHINA'S DEPOSITORY, FINANCE MINISTRY SAYS
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JPMORGAN WARNS OF FED RATE CUT PULLBACK
JPMorgan’s trading desk warns the Fed’s expected September 17 rate cut could spark a “Sell the News” drop in US stocks. Despite the S&P 500’s 30% rebound since April, risks from inflation, weak jobs, tariffs, and seasonal September weakness remain. JPMorgan suggests hedging with VIX calls and adding gold, though history shows rate cuts outside recessions can still lift markets."
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NY FED: 1Y CONSUMER INFLATION EXPECTATIONS 3.2% IN AUG. VS 3.1%
NY FED: 3Y CONSUMER INFLATION EXPECTATIONS UNCHANGED AT 3%
NY FED: 5Y CONSUMER INFLATION EXPECTATIONS UNCHANGED AT 2.9%
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*TRUMP: EDUCATION DEPARTMENT TO ISSUE 'RIGHT TO PRAYER' GUIDANCE
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NASDAQ EXTENDS INTRADAY RECORD HIGH, NOW +0.74%
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TRUMP ADMINISTRATION ASKS SUPREME COURT TO ALLOW IT TO FREEZE BILLIONS IN FOREIGN AID -WASHINGTON POST
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CHINA'S XI, AT VIRTUAL BRICS SUMMIT: WE SHOULD UPHOLD MULTILATERALISM - XINHUA
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US HOUSING MARKET REACHES RECORD $55.1 TRILLION
The U.S. housing market is worth a record $55.1 trillion, up $20 trillion since 2020. Housing gained $862 billion in the past year.
Seven states saw their housing markets lose value over the past year, with the biggest drops in Florida (-$109 billion), California (-$106 billion) and Texas (-$32 billion). About one-quarter of the gains nationwide came from New York, which added $216 billion.
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NASDAQ: FILING WITH SEC PROPOSAL TO AMEND RULES TO ENABLE TRADING OF SECURITIES LISTED ON NASDAQ IN TRADITIONAL DIGITAL OR TOKENIZED FORM
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SPACEX AGREES TO BUY WIRELESS AIRWAVES IN $17 BILLION DEAL
SpaceX has agreed to pay up to $17 billion for the rights to use some of EchoStar's valuable spectrum for cellphone service.
EchoStar said Monday that SpaceX agreed to pay $8.5 billion in cash and up to $8.5 billion of its stock for two chunks of valuable wireless spectrum. The rocket and satellite-internet company also agreed to pay about $2 billion of cash toward interest payments on EchoStar debt through November 2027.
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ANALYST INSIGHTS ON FED CUTS
Markets see an 88% chance the Fed will cut rates by 25 bps on Sept. 17, boosted by weak August jobs data (22,000 gains, 4.3% jobless rate). Citi’s Andrew Hollenhorst says the report supports cuts but not a 50 bps move, though some Fed officials back it. Nomura’s David Seif expects “insurance cuts” to address labor weakness, while Apollo’s Torsten Slok sees easing despite inflation above target
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BARCLAYS CFO: WE DON'T SEE ANY SIGNS OF STRESS IN US CONSUMERS
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FRENCH PRIME MINISTER BAYROU LOSES CONFIDENCE VOTE IN NATIONAL ASSEMBLY, WILL NEED TO TENDER RESIGNATION
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FRENCH NATIONAL ASSEMBLY BEGINS PRIME MINISTER BAYROU CONFIDENCE VOTE
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WEEK 1 NFL VOLUME OVER $400M, BACK TO ELECTION LEVELS - KALSHI
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TRUMP: WE ARE WAITING FOR A CALL FROM CHICAGO, WE WILL FIX CHICAGO
TRUMP: DON'T KNOW WHY CHICAGO ISN'T CALLING US
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TRUMP: WE WOULD LOVE TO GO INTO CHICAGO AND STRAIGHTEN IT OUT
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U.S. SUPREME COURT ALLOWS TRUMP TO REMOVE DEMOCRATIC MEMBER OF FEDERAL TRADE COMMISSION FOR NOW
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$NVDA - JENSEN HUANG, NVIDIA CEO, EXPECTED TO ACCOMPANY PRESIDENT TRUMP ON HIS STATE VISIT TO BRITAIN NEXT WEEK - SKY NEWS REPORTER ON X
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SPOT GOLD HIT $3,630, A NEW RECORD HIGH
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XI VOWS TO MAINTAIN INTERNATIONAL ECONOMIC, TRADE ORDERS
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JPMORGAN: FED LIKELY TO CUT 25BP, NOT 50BP
JPMorgan’s Fabio Bassi expects the Fed to trim rates by 25bp in September, citing weak payrolls but still-high inflation. He said a 50bp move is unlikely.
Recession risk stands near 40%, though markets see only modest easing for growth risks. Bassi noted political pressure after Governor Cook’s dismissal but said Fed independence remains intact.
If weakness is temporary, he sees a shallow easing path, limited risk-asset pullback, and a stronger dollar.
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COINSHARES TO LIST ON NASDAQ THROUGH $1.2 BILLION SPAC DEAL
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FRENCH 10Y YIELD FALLS 3BPS TO 3.42%, LOWEST SINCE AUG. 22
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TRUMP: SURPRISED ON JAPANESE LEADER STEPPING DOWN
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