News

Indian Prime Minister Modi: Global resources are being weaponized.

Swiss National Bank board member Tschudin: Artificial intelligence may drive up inflation in the short term.

The S&P 500 rose 0.5%, hitting a new intraday high, while the Nasdaq 100 rose 0.2%.

Tesla (TSLA.O) shares extended gains to 5% during the session.

According to reports, the Russian Ministry of Defense stated that Russian armed forces attacked a fuel and lubricant storage tank and port infrastructure in the port of Yuzhny in southern Ukraine.

According to Saudi state television, Saudi Crown Prince Mohammed bin Salman has departed for France for an official visit.

According to the Financial Times, Jim O'Neill has declined to serve in Prime Minister Burnham's government.

Alibaba (BABA.N) fell more than 7%.

Canada has announced that the meeting between the Canadian Minister in charge of Canada-U.S. trade relations and U.S. Trade Representative Greer has been postponed until 11:30 a.m. Eastern Time today.

Cleveland Cleveland (CLF.N): The scope of the previously awarded $500 million grant from the U.S. Department of Energy has been revised. The $1 billion in funding will be shared equally by the company and the U.S. Department of Energy.

U.S. Department of Transportation: The Federal Aviation Administration will launch a new space transportation initiative.

According to CNBC: The Trump administration has appointed former JPMorgan Chase executive Matt Zames as an advisor to the Social Security Administration.

The Nasdaq 100 index turned negative, the S&P 500's gains narrowed to 0.3%, and the Dow Jones Industrial Average rose 0.6%.

India has announced a 625 billion rupee mobile phone incentive program.

The preliminary reading of the Eurozone consumer confidence index for August will be released in ten minutes.

S&P Global: U.S. business growth hit a 52-month high in August, driven by a surge in service sector activity and rising optimism. Price pressures eased somewhat.

S&P Global: The U.S. Manufacturing PMI preliminary reading for August came in at 53.2, a five-month low; the Composite PMI preliminary reading for output came in at 56.0, a 52-month high; the Services PMI preliminary reading for business activity came in at 56.8, a 20-month high; and the Manufacturing PMI preliminary reading for output came in at 51.9, a 13-month low.

The preliminary reading of the S&P Global Composite PMI for August in the United States was 56, below the expected 53.9 and the previous reading of 54.5.

The preliminary reading of the S&P Global Manufacturing PMI for August in the United States was 53.2, below the expected 53.9 and the previous reading of 53.9.

The preliminary reading of the S&P Global Services PMI for August in the United States was 56.8, below the expected 54 and the previous reading of 54.6.