Business

Global shares steady, dollar slips as focus turns to Fed policy  Reuters Dollar edges lower as September Fed cut bets grow  Reuters Investors got a look at a world where the dollar isn’t a reliable reserve currency and decided they didn’t like it  Fortune Why the bond market remains so calm amid Trump’s Fed war  Axios Treasury yields are stable as traders try to …

Jobless claims retreat from 2-month high  MarketWatch US Initial Jobless Claims Edged Down to 229,000 Last Week  Bloomberg US applications for jobless benefits fell last week as layoffs remain low  San Francisco Chronicle U.S. unemployment claims surge to nearly 2 million, the most in almost 4 years  Fortune Spot gold pulls back to $3,400/oz after U.S. weekly jobless claims fall to 229k  KITCO Source link

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Nvidia CEO says AI boom far from over after tepid sales forecast  Reuters Nvidia CEO Jensen Huang Says AI Race Is Just Starting, Sees $4 Trillion Market Ahead  TipRanks Even Nvidia Has Speed Limits  MSN Nvidia: Tech bubble seems safe so long as AI demand remains high  Sky News Nvidia Forecasts Decelerating Growth After Two-Year AI Boom  Bloomberg Source link

Gross Domestic Product, 2nd Quarter 2025 (Second Estimate) and Corporate Profits (Preliminary)  U.S. Bureau of Economic Analysis (BEA) (.gov) US GDP: Economy Expands at Revised 3.3% Rate as Investment Improved  Bloomberg Gold holding steady around $3,400 as US economy grew 3.3% in Q2  KITCO Q2 GDP growth revised higher to 3.3%, PCE increase revised lower to 2.0%  Seeking Alpha US economy grows 3.3% in …

Intel Is Different From Lockheed. The Case Against U.S. Government Investment in Defense.  Barron’s Lutnick Suggests Looking at Defense Sector After Intel Deal  Bloomberg.com Trump administration mulls taking stakes in defense firms including Lockheed Martin  Reuters CNBC Daily Open: Big M&A activity returns to the U.S. — but the deal-maker is the White House  CNBC Is nationalizing the defense industry such a bad idea?  Responsible …

The family of 16-year-old Adam Raine is suing OpenAI and its CEO, Sam Altman, for wrongful death, alleging the company’s popular AI chatbot ChatGPT was responsible for their son’s suicide in April.  The lawsuit says over the course of their months-long exchange that began in September 2024, ChatGPT would provide Raine “a step-by-step playbook for ending his life ‘in 5-10 …

New York Penn Station $7 Billion Overhaul to Begin Work in 2027  Bloomberg Penn Station Renovation Will Begin in 2027, Officials Say  The New York Times Thursday’s Headlines: ‘Blessed’ By Duffy and Byford Edition  Streetsblog NYC Transportation Secretary Sean Duffy reveals Penn Station redesign, renovation plans and schedule  ABC7 New York Feds Promise Faster Penn Station Renovations Now as Trump Priority  THE CITY – NYC …

How Vanguard defends a super-conservative strategy that has proved surprisingly controversial  MarketWatch Source link

BIG WINNER! Powerball ticket hits $2 million prize in Northeast Ohio: See where the winning ticket was sold  WKYC Powerball winning numbers for $861 million jackpot on Wednesday, August 27  USA Today Did Anyone Win the Powerball Last Night? All About the Wednesday, Aug. 27 Drawing  TODAY.com Massive Powerball prize grows to $950 million after no jackpot winner in Wednesday drawing  ABC News Did …