Home insurance premiums surge ~70% in 5 yrs, hitting $2.37K avg. CA up 19.5%. Climate & material costs drive risk.
Economic calendar in Asia Thursday, September 18 - NZ Q2 GDP & Australian jobs report Asian Economic Calendar: Key Events and Consensus Expectations for 18 September 2025
China bans Nvidia AI chips, citing government policy. Nvidia faces $8B revenue loss, impacting its market share.
LA Port: August TEUs near record, but expect easing volumes due to early holiday shipping & inflation.
DJIA dips despite strong retail sales & Q3 GDP! Consumers hunt deals amid a softening labor market. Watch for headwinds.
Fed signals 2 cuts in '25, but only 1 in '26. GDP forecast up. Markets eye cautious rate path.
Fed slashes staff by 10%, returning to 2014 levels. Powell open to criticism but resists formal review.
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