MacroLive Wire · AI-collected
Number of Stocks Beating the S&P 500 Is Highest in 4 Years
- For the first time in four years, the average stock is beating the S&P 500 index, according to MarketWatch.
Published Aug 9Source: MarketWatch ↗
NLP · 3-line summary
AI Articles & Report Summaries
Expert articles and reports as a 3-line summary + takeaway
MacroLive Wire · AI-collected
South Korea Stock Volatility Eases as Leveraged Trades Unwind
- South Korea stock market volatility eased as leveraged trades unwound, according to a report.
Published Aug 9Source: Investing.com ↗
MacroLive Wire · AI-collected
US Senate Advances Landmark Crypto Bill Before Heading on August Recess
- The US Senate advanced a landmark crypto bill before heading on its August recess, according to a Reuters report.
Published Aug 8Source: Investing.com ↗
MacroLive Wire · AI-collected
UAE Says Iran Attacked ADNOC Vessel With Missile in Strait of Hormuz
- The UAE said Iran attacked an ADNOC vessel with a missile in the Strait of Hormuz, according to a Reuters report.
Published Aug 8Source: Investing.com ↗
MacroLive Wire · AI-collected
Senate Republicans Narrowly Confirm Todd Blanche as Attorney General
- Senate Republicans narrowly confirmed Todd Blanche as attorney general, according to a Reuters report.
Published Aug 8Source: Investing.com ↗
MacroLive Wire · AI-collected
Typhoon Dolphin Hits Japan's Okinawa, China Shuts Ports Ahead of Landfall
- Typhoon Dolphin hit Japan's Okinawa, and China shut ports ahead of the storm's expected landfall, according to a Reuters report.
Published Aug 8Source: Investing.com ↗
MacroLive Wire · AI-collected
US Senate Confirms Dozens of Trump Nominees, Filling Gaps in Diplomatic Corps
- The US Senate confirmed dozens of Trump nominees, filling gaps in the diplomatic corps, according to a Reuters report.
Published Aug 7Source: Investing.com ↗
MacroLive Wire · AI-collected
Trump Resumes Effort to Fire Fed Governor Lisa Cook, Seeking to Stack Board With Allies
- President Trump has resumed his effort to oust Federal Reserve Governor Lisa Cook, two months after being blocked by the Supreme Court, according to a MarketWatch report.
- The renewed effort is part of a bid to stack the central bank's board with more allies, according to the report.
Published Aug 7Source: MarketWatch ↗
MacroLive Wire · AI-collected
US Workforce Has Shrunk by Over 1 Million People in the Past Year
- The US workforce has fallen by more than 1 million people over the past year, according to a MarketWatch report.
- The share of Americans working or looking for work hasn't been this low since the pandemic, according to the July jobs report cited in the report.
Published Aug 7Source: MarketWatch ↗
MacroLive Wire · AI-collected
Fed Rate-Hike Odds for September Fall to 43.9% After Weak Jobs Data
- Futures markets now price in a 43.9% chance of a Fed rate hike in September, down from 57% before the jobs report, according to LSEG data cited in a Reuters report.
- The FOMC held its federal funds rate steady at 3.5%-3.75% last week, with three officials dissenting in favor of a hike, according to the report.
- The unemployment rate ticked down to 4.1% from 4.2% in June, though the report noted the shift was driven by workers leaving the labor force rather than job gains.
Published Aug 7Source: Yahoo Finance ↗
MacroLive Wire · AI-collected
NY Fed Finds Little Change in Inflation Expectations in July
- Americans' inflation outlook was little changed in July, with one-year inflation expectations at 3.6% versus 3.7% in June, according to the New York Fed's Survey of Consumer Expectations.
- Three-year and five-year inflation expectations held steady at 3.3% and 3%, respectively, according to the report.
Published Aug 7Source: Yahoo Finance ↗
MacroLive Wire · AI-collected
US Economy Sheds 23,000 Jobs in July, Confounding Forecasts of 80,000 Gain
- The US economy unexpectedly shed 23,000 jobs in July, compared with analyst forecasts of an 80,000 increase, according to a BBC report citing Bureau of Labor Statistics data.
- The declines were driven by cuts in local government education and retail roles, and the BLS also revised down May and June job additions by a combined 103,000, according to the report.
- The unemployment rate held steady at 4.1%, and the weak data raises questions over the Federal Reserve's interest-rate decision next month, according to the report.
Published Aug 7Source: BBC ↗
MacroLive Wire · AI-collected
New Intelligence Warns Russia May Provoke NATO Amid Dwindling U.S. Munitions
- New intelligence warns that Russia may provoke NATO amid dwindling U.S. munitions stockpiles, according to a WSJ report.
Published Aug 7Source: WSJ ↗
MacroLive Wire · AI-collected
Philippines Economy Grows 2.3% in Q2, Misses Expectations
- The Philippines' economy grew 2.3% in the second quarter, missing expectations, according to a report.
Published Aug 7Source: Investing.com ↗
MacroLive Wire · AI-collected
Japan Household Spending Unexpectedly Falls 3.3% in June
- Japan's household spending unexpectedly fell 3.3% in June, according to the report.
Published Aug 7Source: Investing.com ↗
MacroLive Wire · AI-collected
Trump Could Net Big Tax Windfall in Crypto Bill Divestiture Plan, Bloomberg Reports
- President Trump could net a big tax windfall under a divestiture plan tied to a crypto bill, according to a Bloomberg report.
Published Aug 6Source: Investing.com ↗
MacroLive Wire · AI-collected
Trump Admin Blocks Tungsten, Battery Waste Exports to Boost US Minerals Supply
- The Trump administration blocked exports of tungsten and battery waste to boost US minerals supply, according to a Reuters report.
Published Aug 6Source: Investing.com ↗
MacroLive Wire · AI-collected
Fed Officials Watch AI Investment Surge for Financial Risks
- Federal Reserve officials are watching the surge in AI investment for potential financial risks, according to the report.
Published Aug 6Source: Investing.com ↗
MacroLive Wire · AI-collected
FCC Chair Says Robot Import Restrictions Aim to Boost US Production
- The FCC chair said robot import restrictions aim to boost US production, according to a Reuters report.
Published Aug 6Source: Investing.com ↗
MacroLive Wire · AI-collected
Republican Senators Propose to Repeal California Emissions Rules
- Republican senators proposed legislation to repeal California's emissions rules, according to a Reuters report.
Published Aug 6Source: Investing.com ↗
MacroLive Wire · AI-collected
Pentagon to Hold Meeting on Weapons Shortfall After Trump Call, NBC Reports
- The Pentagon plans to hold a meeting on a weapons shortfall following a call with President Trump, according to an NBC report.
Published Aug 6Source: Investing.com ↗
MacroLive Wire · AI-collected
Iran Says It Has Agreed Strait of Hormuz Shipping Route With Oman
- Iran's foreign ministry said it has agreed on the geographical coordinates of a shipping route through the Strait of Hormuz with Oman, calling the deal "in the final stages," according to the report.
- Iran's deputy foreign minister said the new route would be temporary, staying open for two to four months, while roughly a fifth of the world's oil and LNG usually passes through the strait, which Iran has largely blocked since the US and Israel attacked Iran in late February.
- The development follows President Trump's warning on Tuesday that Iran would be "hit very hard" if the strait did not reopen soon, and reports that talks had progressed toward resuming shipments this week.
Published Aug 5Source: BBC ↗
MacroLive Wire · AI-collected
Dow Closes at Record on Mideast Optimism; SpaceX, AMD Drag Nasdaq
- The Dow closed at a record high on optimism over the Middle East situation, according to the report.
- The Nasdaq was dragged down by declines in SpaceX and AMD shares, according to the report.
Published Aug 5Source: Investing.com ↗
MacroLive Wire · AI-collected
Trump's 'Liberation Day' Tariff Refunds Hit $100 Billion
- Refunds of Trump's 'Liberation Day' tariffs have reached $100 billion, representing roughly 60% of all tariff revenue collected by the US government under the policy, according to the report.
- The repayments follow a Supreme Court decision in February that ruled broad import tariffs imposed under the 1977 International Emergency Economic Powers Act were unlawful.
- Nearly $29 billion in additional refunds remains under review, while another $1.6 billion is stuck because importers have not yet supplied banking details; Amazon alone received about $600 million in refunds in the second quarter, according to CFO Brian Olsavsky.
Published Aug 5Source: BBC ↗