US equity markets opened in the red on Monday as traders waited for the Federal Reserve to act. The FOMC’s two-day meeting kicked off September 15, with a rate decision expected the following day, and the consensus view is that the central bank will raise rates for the first time since 2023.
Futures pointed to modest declines across the board.
» Read more about: Dow, Nasdaq, S&P 500 open slightly lower ahead of Fed decision »
US stocks opened lower on Tuesday, September 15, as investors turned cautious ahead of the Federal Reserve’s interest-rate decision on Wednesday, while a sharp rise in Treasury yields added to pressure on equities.
The Dow Jones Industrial Average fell around 280 points, or 0.5%, in early trading. The S&P 500 and Nasdaq Composite slipped about 0.1% each.
Four powerful shocks are hitting the world economy at the same time. They are escalating and feeding on each other, driving a commodity spiral that can end only in an inflationary blow-off.
The effects are ripping through the global bond markets and confronting central banks with an impossible dilemma.
» Read more about: The four horsemen of the apocalypse are coming for the global economy »
Canada will remain a crucial partner for the United States in “key areas,” Prime Minister Mark Carney said Tuesday as he addressed a meeting of top global investors.
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Kinetik Holdings Inc. (KNTK) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock’s year-to-date performance in comparison to its Oils-Energy peers,
» Read more about: Is KINETIK HLDGS (KNTK) Stock Outpacing Its Oils-Energy Peers This Year? »
Canadian Prime Minister Mark Carney is visiting Europe this week as his country seeks a closer strategic alliance with the European Union amid its bitter trade war with the United States.
At the same time, once-reliable transatlantic relations between Europe and Washington have been strained by US President Donald Trump’s threats of tariffs and his aggressive bid to acquire Greenland,
» Read more about: Carney visits Europe: Can Canada seek refuge with the EU amid US trade war? »
CoreWeave (NASDAQ: CRWV), a provider of cloud-based AI infrastructure services, recently launched a new hands-on service called Physical AI Field Engineering. The company will send its own experts to work directly inside its engineering and manufacturing clients — including auto, aerospace, and robotics companies — and help them build physical AI applications.
» Read more about: Nvidia Stock Could Get a Boost From CoreWeave's Latest Announcement »
Following recent AI developments, the stock market reacted with price drops on Monday. The NASDAQ 100, a major tech index on Wall Street, lost 1.2 percent at times, falling to a six-week low. It recovered slightly towards the evening, with a loss of 0.4 percent most recently. SoftBank shares, listed in Tokyo and holding a 13 percent stake in OpenAI,
» Read more about: Tech stocks under pressure after AI turbulence »
Anthropic (ANTH.PVT) CEO Dario Amodei rocked the AI world over the weekend after he posted a lengthy essay calling on the industry to slow the pace of development of the most advanced AI models.
Rival OpenAI (OPAI.PVT) CEO Sam Altman followed up on Amodei’s piece,
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ARK Invest founder Cathie Wood called warnings that artificial intelligence could wipe out humanity “ridiculous,” while welcoming the industry’s push to slow advances at the AI frontier so safety measures can catch up.