U.S. stocks finish higher on Wednesday as bond yields fell and traders awaited results due after the close from Nvidia.
Dow Jones Newswires: Eurozone business activity in August falls to a 33-month low, PMIs suggest
Business activity in the eurozone weakened further in August, as the bloc’s economic downturn extended from manufacturing to the services sector.
: SPAC values cut in half, Chamath Palihapitiya tells investors not to be victims
Chamath Palihapitiya responds to criticism of poor SPAC performance.
Dow Jones Newswires: Australia’s PMI shows cooling economy, but inflation not yet beat
The Australian economy continues to cool quickly with Judo Bank’s purchasing managers index for August showing a marked decline.
Washington Watch: How will energy, climate change and EVs feature in the first Republican debate?
Republicans, including some taking the debate stage, have said a 2024 win means Biden’s climate-focused IRA could be stripped to a shell of its former self.
The New York Post: Goldman Sachs cancels ‘Summer Fridays,’ wants employees in office 5 days a week
Goldman Sachs boss David Solomon, who has drawn derision from the rank-and-file over the company’s back-to-work edict, has pulled the plug on Summer Fridays.
Earnings Results: Discounts at Urban Outfitters are fading, and customers are choosing ‘fashion over price’
Executives at Urban Outfitters Inc. on Tuesday said they expected fewer markdowns in the third quarter, as more customers choose “fashion over price.”
Market Extra: All S&P 500 sectors are down in August, on pace for a broad monthly drop not seen this year
All of the S&P 500’s sectors are down in August in a sweeping stock-market tumble not seen since the end of last year, after the index surged in the first seven months of 2023.
Earnings Outlook: Peloton earnings: What to expect from the maker of exercise bikes
Peloton Interactive Inc. is once again about to update investors on the progress of its turnaround.
Market Extra: Wall Street blamed zero-day option traders for a sudden stock-market selloff. But a BofA team says they got it wrong.
Did ‘zero day’ option traders really crater the S&P 500 index in the final hour of trading on August 15? Or has the influence in markets been exaggerated?
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