Finance
Fed Chair Kevin Warsh Delivers First Jackson Hole Keynote With 30-Year Treasury Yield at Its Highest Since 2007
Warsh, sworn in May 22, 2026, spoke at 10 a.m. ET Friday with headline CPI inflation at 3.4%, core CPI at 2.5%, and futures markets split on whether the Fed's next move is a rate hike.
Nvidia Falls 2.9% on Aug. 24 for a Seventh Straight Down Session Ahead of Its Aug. 26 Earnings Report
The chipmaker's shares have fallen seven sessions in a row, its longest such run since September 2022, as investors debate how much of the AI buildout is being paid for with money supplied by chipmakers themselves.
10-Year Treasury Yield Near 4.71% on Aug. 24, Close to a 20-Month High, After Two Straight Weekly Stock Losses
The benchmark U.S. government bond yield tested about 4.71-4.74% last week, its highest since roughly late 2024, following a Treasury Department move to buy back long-dated debt that briefly lowered yields before they rebounded.
Paramount Asks Federal Judge to Make 12 States and the Writers Guild Post a $1.88 Billion Bond in Merger Case
The company says a court-approved pause on its Warner Bros. Discovery deal will cost it about $7 million a day starting October 1; California's attorney general says Paramount agreed to that pause without asking for a bond.
SpaceX Shares Rise About 23% Over Two Days to $133.27, Still Below the $135 IPO Price, After Lockup Opens
Nearly 1 billion insider shares became sellable on August 6; the stock rose instead of falling, following a revenue beat and a new Tesla-SpaceX chip plant announcement.
U.S. Payrolls Rose 73,000 in July, Below the Roughly 85,000 Economists Forecast; Unemployment Rate at 4.2%
The Labor Department's July employment report came in under consensus forecasts, with wage growth also slowing, and traders moved to price in a higher chance of a Federal Reserve rate cut in September.
Gold Trades Around $4,254 an Ounce on Aug. 7, Below Its January 2026 Record, as Hormuz Talks Advance and July Jobs Data Is Released
Spot gold rose about 0.4% on Friday and is up roughly 5% for the week, with traders citing progress toward reopening the Strait of Hormuz, falling Treasury yields and a slowing U.S. labor market.
Cloudflare Rises About 15% and Airbnb About 11% After Q2 Reports; ConocoPhillips Posts $3.9 Billion Quarterly Profit
Three companies reported second-quarter results on August 6, 2026, as investors watched higher oil prices tied to the Strait of Hormuz and awaited the July jobs report due August 7.
Fed Holds Rates at 3.50%-3.75% With Three Dissents for a Hike; Dow Falls 1,153 Points
The Federal Open Market Committee voted 9-3 to leave rates unchanged on July 29, 2026, with three regional Fed presidents dissenting in favor of a quarter-point increase, and U.S. stocks posted their steepest one-day drop in more than a year.
China's CXMT Debuts in Shanghai; U.S. Memory-Chip Stocks Fall for a Second Day
Shares of SanDisk, Seagate and Micron dropped again after ChangXin Memory Technologies raised about $8.6 billion in Shanghai and surged on its first trading day, reviving debate over future memory-chip supply.