The CHIPS Act has passed in the House of Representatives after getting through the Senate on Tuesday. The next stop is the president's desk where he will sign the bill with much pomp and circumstance.
The CHIPS Act has passed in the House of Representatives after getting through the Senate on Tuesday. The next stop is the president's desk where he will sign the bill with much pomp and circumstance.
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Nasdaq tumbles 1.8% on AI fears & Oracle's 11% drop. S&P 500 sees 4-day losing streak. Oil pops!
Short-term bond ETFs (SHY, IEI) offer ~3.3% yield & potential price gains if rates fall. Lower risk than stocks.
The Bank of England is expected to cut rates to 3.75% today after UK inflation fell to 3.2% in November. Policymakers are likely to stress a gradual approach, with limited scope for further easing as services inflation remains sticky.
The U.S. approved more than $10bn in arms sales to Taiwan, including HIMARS, ATACMS missiles, howitzers and drones. The move lifted China defence stocks and is expected to further strain U.S.–China relations.
Vanguard favors value & non-US stocks (7-6% return) over AI tech, citing better valuations & AI diffusion. Risks rise in tech.
Wheat futures mixed; HRW up 2.75c, SRW down 3.25c. China cancels export sale, but SK buys 20.8K MT.
Live cattle futures shed $1.15, spec funds trim net long. Cattle on Feed report eyed for placement clues.
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