U.S. stock rally broadens as investors await Fed
By David Randall NEW YORK (Reuters) – A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data and the Federal Reserve’s expected rate cuts in…
August jobs report to confirm July weakness, forcing Fed into 50bp Sept. rate cut
Investing.com — The August jobs report is likely to show the weak labor market seen in July wasn’t transitory, paving the way for the Fed to kick off the rate cutting cycle with a jumbo cut, economists at Citi said…
Brazil’s government forecasts 2.6% GDP growth in 2025, inflation to hit 3.3%
BRASILIA (Reuters) – Brazil’s government forecast economic growth of 2.6% and inflation of 3.3% for 2025 in its draft budget proposal for the coming year, which was submitted to Congress late Friday. The proposal projects that the central government —…
China’s August manufacturing slips to 6-month low
BEIJING (Reuters) -China’s manufacturing slowed to a six-month low in August, an official factory survey showed on Saturday, raising expectations policymakers will unveil fresh plans to direct more stimulus to households and less to infrastructure projects. The official purchasing managers’…
Silicon Valley Bank’s Chinese partner buys out stake in joint venture
BEIJING (Reuters) – Silicon Valley Bank’s Chinese joint venture will become a wholly owned unit of Shanghai Pudong Development Bank, following approval to change its name to Shanghai Innovation Bank, a Chinese financial regulator said late on Friday. Silicon Valley…
Earnings call: JinkoSolar reports growth amid industry challenges
JinkoSolar (NYSE:JKS) Holding Company Limited (NYSE: JKS), a leading solar module manufacturer, reported a significant year-over-year growth in module shipments during the second quarter of 2024, despite facing industry-wide challenges such as oversupply and volatile pricing. The company’s gross margin…