Gold prices traded modestly higher on Monday as the yellow metal aimed for back-to-back gains after a lengthy losing streak.
Market Extra: Another Wall Street bank cuts China growth forecast as rate moves disappoint
UBS has followed a string of Wall Street banks that have cut their growth forecasts for China. Monday also saw troubling moves on the lending-rate front, that hint of banks also in trouble.
Earnings Outlook: Nvidia earnings to offer first true glimpse of the AI windfall
Wall Street seems confident that Nvidia will post “beat-and-raise” earnings this week. The key question now is how much upside the chip giant can deliver.
: Goldman Sachs may sell unit with $29 billion in assets
Goldman Sachs said Monday it’s considering the sale of part of its wealth-management division.
Economic Report: Rents fall in July due to rising supply of apartments — but they’re up 25% since before the pandemic
The median asking rent was down 1% from a year ago in July, according to a new report from Realtor.com.
The Ratings Game: Nvidia’s stock snaps losing streak and sits 1% below record close as earnings optimism builds
Nvidia Corp.’s earnings are drawing nearer, and yet another analyst is feeling upbeat heading into the company’s report.
Need to Know: The history of companies with Nvidia-like valuations isn’t a good one
Nvidia now holds the distinction of having the highest price-to-sales ratio in the S&P 500, a title 99 companies have had since the 1960s. Here’s how they have fared.
Futures Movers: Oil prices settle lower to extend last week’s losses
Oil prices settle lower on Monday, extending losses as last week’s decline followed a streak of seven straight weekly gains.
Project Syndicate: The debt supercycle that hit the U.S. and Europe has now come for China
China’s slowing growth and high debt levels leave the country’s economic officials with unprecedented challenges, writes Kenneth Rogoff.
Outside the Box: China is nowhere near deflation, and global investors aren’t ready for what’s coming
Headline inflation in China could surge higher by multiple percentage points into 2024.
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