Here are the most important news investors need to start their trading day:
1. Provided by the Federal Reserve
Stocks rose last week as investors looked ahead to expectations of a rate cut in September. Federal Reserve Chairman Jerome Powell said the central bank would soon lower borrowing costs, boosting strong gains in stocks. The three major U.S. stock indexes all rose more than 1% this week, rising for the second consecutive week. Economic data released this week include jobless claims on Thursday and personal consumption expenditures on Friday. Follow live market updates here.
2. Chips and consumers
A busy week of earnings reports will help shape the stock market. Market Engine will release a major report on Wednesday NVIDIA. It’s been a busy week for retail as well, including results from: Abercrombie and Fitch, Its stock price has been soaring. The reports come as investors look for information on the health of consumer spending. Here are some reports to watch this week:
3. Empty return
boeing companyThe Starliner capsule will return to Earth empty. NASA astronauts launched into orbit will stay at the International Space Station for another six months. They will return in February aboard SpaceX’s Crew Dragon spacecraft. The decision came after problems arose during Starliner’s crewed flight tests. “We want to learn more about the root causes and learn about design improvements so that the Boeing Starliner will be an important part of how we ensure crew access to the International Space Station,” NASA Administrator Bill Nelson said on Saturday. He said the decision was the result. Out of a commitment to safety.
4. Trump embraces cryptocurrency
Former President Donald Trump has changed his attitude towards cryptocurrencies. After calling it a “scam” for several years, the Republican presidential candidate began accepting the currencies. He touted the crypto industry at an industry conference in July, in part because he saw the potential for huge campaign donations within the industry. Trump’s face changed drastically Cryptocurrency advocates tried for years to convert him to their cause.
5. The battle over fees
As federal government cracks down on so-called bin charges Restaurants are trying to stay out of it. Restaurants are increasingly adding extra surcharges to their bills, which they say is an effort to increase revenue and better compensate employees without raising menu prices. But many lawmakers and diners have expressed concerns about hidden fees, and some workers are skeptical the money will be distributed equitably. The restaurant industry has been urging the Federal Trade Commission and state regulators to make exceptions to rules cracking down on trash fees.
– CNBC’s Lisa Kailai Han, Brian Evans, Michele Luhn, Michael Sheetz, MacKenzie Sigalos and Amelia Lucas contributed to this report.