Goldman boss David Solomon warns of a stock market drawdown: ‘People won’t feel good’
The Goldman Sachs CEO said AI presented opportunities, but some investors were overlooking “things you should be skeptical about.”
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Trump administration puts on hold $2.1 billion in Chicago infrastructure projects, Vought says
The move came on the third day of the federal government shutdown, which President Donald Trump has blamed on Democrats in Congress. -
Property tech ‘winter’ is over, but climate investment is still struggling, says Fifth Wall CEO
Higher interest rates, a capital market retraction and a push by almost all venture capital into AI collectively hit property tech hard. -
Why vinyl records like Taylor Swift’s ‘The Life of a Showgirl’ are protected from tariffs
Vinyl records, CDs and cassettes escape U.S. tariffs thanks to a Cold War-era exemption, keeping prices stable for fans. -
For first-time job hunters, a college degree isn’t unlocking the opportunities it once did
Data shows young college grads are feeling the brunt of the labor market slowdown. -
SPX 500: Bullish Trend Undeterred by US Government Shutdown, En Route to 6,800/850 Next
Key takeaways SPX 500 maintains bullish momentum, rallying to a fresh all-time high of 6,745 despite the ongoing US government shutdown. Fed rate cut expectations remain elevated, with markets pricing a 98% chance for October and 87% for December. Technical outlook stays positive, with key support at 6,690 and upside targets at 6,800–6,850 within the […]
The post SPX 500: Bullish Trend Undeterred by US Government Shutdown, En Route to 6,800/850 Next appeared first on Action Forex.
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SPX 500: Bullish Trend Undeterred by US Government Shutdown, En Route to 6,800/850 Next
Key takeaways SPX 500 maintains bullish momentum, rallying to a fresh all-time high of 6,745 despite the ongoing US government shutdown. Fed rate cut expectations remain elevated, with markets pricing a 98% chance for October and 87% for December. Technical outlook stays positive, with key support at 6,690 and upside targets at 6,800–6,850 within the […]
The post SPX 500: Bullish Trend Undeterred by US Government Shutdown, En Route to 6,800/850 Next appeared first on Action Forex.
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US Government Shutdown Pressing Dollar
The shutdown came as a bolt from the blue for the US dollar. The greenback was confident that Democrats and Republicans would reach a last-minute agreement. That did not happen. During previous government shutdowns, the dollar index typically fell on expectations of slowing GDP and mass layoffs. In 2025, the situation will worsen because the […]
The post US Government Shutdown Pressing Dollar appeared first on Action Forex.
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Jeff Bezos says AI is in an ‘industrial bubble’ but society to get ‘gigantic’ benefits from the tech
Amazon founder Jeff Bezos said that artificial intelligence is showing signs of being in an “industrial bubble.” -
Walmart-backed fintech OnePay is bringing crypto to its banking app, sources say
The move shows that OnePay, founded by Walmart and venture firm Ribbit Capital in 2021, sees crypto as a core offering as it builds out its “everything app.”
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