Air cargo faces $1B+ compliance costs for new US screening rules; AMZN, UPS, FDX tech upgrades hit.
S&P 500 reversed a surge, sinking 1.6% in a volatile session. Traders eye key support levels amid market swings.
Fed’s Austan Goolsbee said he is uneasy about front-loading more rate cuts amid uncertain inflation, noting data gaps from the shutdown raise risks on prices. He still expects rates to fall over time but may dissent at the December meeting.
Nvidia's 62% revenue surge fuels AI 'loopification'. Analysts question demand vs. subsidy; risks loom.
Dalio: Bitcoin's trackable nature & quantum risk challenge its store-of-value vs. gold; 1% of his wealth.
Musk sees optional work via robots, but economists cite robotics costs & diminishing returns. AI boom widens wealth gap.
Jobs surge 119k, but unemployment ticks to 4.4%. Fed rate cut odds dip amid shutdown fears; GDP may drop 1.5%.
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