Business

US second-quarter productivity growth unrevised

Thursday, September 3 by SRN News

WASHINGTON, Sept 3 (Reuters) - U.S. worker productivity growth picked up in the second quarter, the government confirmed on Thursday, helping to keep labor costs in check. Nonfarm productivity, which measures hourly output per worker, increased at an unrevised 1.4% annualized rate last quarter the... Read More.

Blackstone private credit fund maintains 5% cap as redemption requests remain high

Thursday, September 3 by SRN News

Sept 3 (Reuters) - Blackstone is continuing to cap withdrawals at its flagship private credit fund in the third quarter as requests to pull money remain elevated, according to a regulatory filing on Thursday. Investors sought to pull $4.3 billion, or 10% of shares, in... Read More.

Strong demand boosts US services sector activity in August

Thursday, September 3 by SRN News

WASHINGTON, Sept 3 (Reuters) - U.S. services sector activity picked up in August as strong demand lifted new orders to a 3-1/2-year high and drove input prices higher, suggesting inflation could remain elevated and compel the Federal Reserve to hike interest rates before the... Read More.

Fed’s Waller says central bank’s next rate move depends on upcoming inflation report

Thursday, September 3 by SRN News

WASHINGTON (AP) - Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not. The government will release August inflation figures Sept. 11, and if that report... Read More.

Unemployment claims tick up to 206,000 but remain at historically low levels

Thursday, September 3 by SRN News

WASHINGTON (AP) - More Americans filed for unemployment benefits last week, but layoffs are still rare and jobless claims remain at historically low levels. The Labor Department reported Thursday filings for benefits ticked up to 206,000 last week from a revised 204,000 the week before.... Read More.

Nvidia to spend $13 billion on Hugging Face, leaving it as an open source platform

Thursday, September 3 by SRN News

(AP) - Computer chip company Nvidia is buying artificial intelligence software platform Hugging Face for $12.93 billion. Nvidia CEO Jensen Huang wrote in a blog post Thursday that more than 18 million developers, researchers and creators use Hugging Face to share more than 3 million... Read More.

Snowflake shares surge as AI demand powers growth, lifts outlook

Thursday, September 3 by SRN News

Sept 3 (Reuters) - Snowflake's shares surged more than 24% before the bell on Thursday as investors cheered a stronger annual revenue forecast and signs that the company's AI products are gaining traction. The cloud data platform provider lifted its fiscal 2027 product revenue forecast... Read More.

Analysis-Bond selloff is likely amplified by obscure economic rate

Thursday, September 3 by SRN News

By Gertrude Chavez-Dreyfuss NEW YORK, Sept 3 (Reuters) - A recent rise in Treasury yields in part reflects growing investor bets that an obscure, theoretical rate consistent with stable growth and inflation is moving higher. Some believe the so-called R-star, which is a rate that... Read More.

Wall St futures subdued as investors weigh earnings, oil prices

Thursday, September 3 by SRN News

Sept 3 (Reuters) - U.S. stock index futures were muted on Thursday, as higher oil prices and the prospect of an escalating war in the Middle East kept investors on tenterhooks. The moves could add to the gloom that has crept into markets after the... Read More.

Morning Bid: Labor days

Thursday, September 3 by SRN News

By Mike Dolan Sept 3 (Reuters) - Some calm has returned to world markets over the past 24 hours as oil prices steadied and the angry bond market cooled down a bit. There were no breakthroughs in the Gulf standoff between the U.S. and Iran, but... Read More.

Current Weather

US second-quarter productivity growth unrevised

Blackstone private credit fund maintains 5% cap as redemption requests remain high

Strong demand boosts US services sector activity in August

Fed’s Waller says central bank’s next rate move depends on upcoming inflation report

Unemployment claims tick up to 206,000 but remain at historically low levels

Nvidia to spend $13 billion on Hugging Face, leaving it as an open source platform

Snowflake shares surge as AI demand powers growth, lifts outlook

Analysis-Bond selloff is likely amplified by obscure economic rate

Wall St futures subdued as investors weigh earnings, oil prices

Morning Bid: Labor days

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