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The cybersecurity firm shared strong long-term guidance this week and announced plans to buy AI security company Pangea.

Trump speak on Fox News said that the US made a deal with the UK but that the UK wants to make ‘adjustments’.

Separately, Trump said “I don’t mind sanctions” relating to Russia.

This article was written by Adam Button at investinglive.com.

USD/JPY spent about 20 minutes below the 10-week range yesterday but has quickly rebounded and invalidated the breakdown. The pair is up 90 pips today to 147.87, which is right int he middle of the trading range since July.

The US dollar is broadly stronger today in part because the FOMC votes indicated that Bowman and Waller weren’t willing to dissent for 50 bps like Miran. That highlights that they’re not Trump sycophants and that the Fed is likely to remain independent rather than follow the series of 50 bps cuts that Miran put on his dot plot.

If the Fed were to follow that Trump-dictated strategy, it would cause some short term growth but it would mean a dangerous flirtation with inflation and undermine confidence in the US dollar. It’s that same theme that’s led to non-stop records in gold this year followed by a moderate pullback since the FOMC.

Looking ahead, the rejection of the downside break should shore up USD support and could lead to some broader gains. There have been some decent indications of US economy resilience, something that Powell underscored yesterday. Even on employment, he mostly brushed aside the recent poor non-farm payrolls indicators as being immigration driven.

If we see signs of US jobs resilience — as we did in today’s initial jobless claims report — then the dollar will have room to run and we could see a test of the July 31 high of 151.00 in USD/JPY.

This article was written by Adam Button at investinglive.com.

President Donald Trump has applauded the suspension of Jimmy Kimmel’s late-night show over comments he made about the man accused of murdering Charlie Kirk.

Over 8 million taxpayers are slated to receive one-time ‘inflation refund’ checks from the state of New York.

“We’re going to become a very large customer of Intel CPUs, and we’re going to be a large supplier of GPU chiplets into Intel” chips, Huang said.

CNBC’s Jim Cramer believes Nvidia’s investment and tech partnership with Intel is significant.

A robotic beehive from startup Beewise is using AI to protect bees from the various impacts of climate change. Essential bee colonies are dying off quickly.

Caterpillar is the world’s largest maker of construction and mining equipment, engines, and turbines. Think bulldozers, excavators, dump trucks, and the massive equipment that my kids love.

Investment in that kind of equipment is telling. It offers visibility into whether companies, miners, and builders are willing to spend real money on the future. When they step up, you’ve got green shoots. When they pull back, the global economy is already slowing.

Shares of Caterpillar are currently signalling an acceleration in the global economy as government stimulate in response to the US trade war.

Caterpillar is a classic global growth barometer as it operates in 190 countries and is particularly leveraged to China. Its turn signals an improvement in China growth prospects that’s also underscored by the rally in Chinese equity markets this year.

A pickup in CAT’s China sales = “Beijing stimulus is working” trade but it’s also leveraged to the rest of the world, including the US where infrastructure investment is strong and company capex has been lifted by accelerated depreciation. Rate cuts should also drive improved house construction, which is currently at cycle lows.

All told, the rally in Caterpillar shares is a great sign for the economy and the broader stock market. It argues that the rally should extend beyond technology and that’s something that’s happening today with the Russell 2000 up 2.30%.

This article was written by Adam Button at investinglive.com.

The Euro edged higher after the Bank of England confirmed market expectations and stood pat on interest rates.