China’s central bank cut a short-term policy rate on Friday, a day after saying it will lower the amount of deposits banks have to set aside as reserves to spur more lending as the world’s second-largest economy shows more signs of slowing.
MarketWatch First Take: Arm deal is expected to lift tech IPOs, but not all future debuts will have the same draw
The strong debut of Arm Holdings Plc. is expected to reignite the long-dormant IPO market for tech companies, but not all the current deals in the pipeline will have the same draw for investors.
Market Extra: Tesla readies record-sized pool of EV leases for bond deal, a sign of resilience in luxury
Tesla Inc. is pitching bond investors a new $1.8 billion deal backed by leases on its electric vehicles, according to preliminary marketing materials.
ETF Wrap: Tech, AI ETFs are soaring, but flows show investors holding back
In this week’s ETF Wrap, you’ll see how investor demand for tech and artificial-intelligence ETFs this year pales in comparison with their strong performance.
Earnings Results: Adobe hopes to acquire new users, firm up margins as it lets Firefly AI out of its jar
Adobe shares traded between slight gains and losses after hours Thursday, after the company’s revenue outlook came in roughly in line with estimates.
: Rivals Microsoft, Oracle expand their cloud partnership
The accord will make it easier for Oracle users to run Microsoft Azure’s AI on top of the Oracle database, the companies said.
: Biden attacks ‘MAGAnomics’ even as polls show Americans aren’t sold on ‘Bidenomics,’ either
President Biden delivers what the White House bills as a “major economic address on Bidenomics vs. MAGAnomics,” as polling for Bidenomics isn’t impressive.
TaxWatch: The IRS is hitting pause on new claims for a pandemic tax credit ‘overtaken by aggressive promoters’
The IRS will stop processing new claims on a pandemic-era credit for businesses that has become prone to questionable claims and hard-sell tactics from companies that say they can land payouts for clients.
IPO Report: Arm’s stock soars 25% in public debut as execs sees big opportunity to drive cost savings for chip makers
Arm shares surged out of the gate Thursday as they began trading on the Nasdaq following a long-awaited initial public offering.
Distributed Ledger: Bitcoin is expected to bottom in October. Here’s why
This is the latest Distributed Ledger column from MarketWatch: a weekly look at the most important moves and news in crypto.
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