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News
Komatsu pushes autonomy beyond haul trucks with AIM partnership
21+ hour, 31+ min ago (568+ words) Komatsu Ltd is extending its autonomous equipment capabilities beyond haulage through a new partnership with AIM Intelligent Machines, pointing to a future where bulldozers, excavators and other earthmoving equipment can increasingly operate without onboard drivers. The company and its subsidiary…...
Week ahead: CPI, earnings and Fed bets set up a big week for stocks
6+ hour, 1+ min ago (435+ words) After a strong run for US stocks, the week ahead could ultimately come down to one question: Is inflation cooling fast enough to give the Fed room to ease, or will stubborn price pressures keep higher rates on the table?...
Traders price out Fed cuts even as American payrolls shrink
9+ hour, 59+ min ago (460+ words) Prediction market traders have all but abandoned bets on a Federal Reserve rate cut this year, despite figures showing the US economy shed jobs in July. Polymarket now puts the probability of no change at the September meeting at 64%, with…...
Nasdaq leads Wall Street higher as weak jobs data boosts Fed rate-cut hopes
3+ day, 6+ hour ago (499+ words) Wall Street opened higher on Friday after a surprisingly weak July jobs report reinforced expectations that the Federal Reserve may be nearing the end of its tightening cycle. The Nasdaq climbed 0.7%, while the S&P 500 gained 0.3% and the Dow Jones…...
Futures inch higher as jobs data indicate labor market weakness
3+ day, 7+ hour ago (335+ words) The US labor market unexpectedly weakened in July as nonfarm payrolls fell by 23,000, marking the first monthly decline in employment in years and missing expectations for an 80,000-job gain. Private payrolls increased by just 30,000, well below forecasts of 82,000, while May…...
Dow Jones and Nasdaq climbs as big tech drive gains ahead of busy Wall Street week
1+ week, 6+ hour ago (389+ words) Wall Street stocks opened the week firmly higher, as Microsoft and Amazon put some further Big Tech weight behind the rally that started last week. The Dow Jones surged 604 points, or 1.2% in early trade, while the S&P 500 gained 0.7% and…...
Australia jobs surge keeps RBA rate hike firmly in play as ASX pares gains
2+ week, 4+ day ago (421+ words) Australia’s labour market delivered a stronger-than-expected result in June, with employment surging by around 76,000 and reinforcing expectations that the Reserve Bank of Australia (RBA) may need to raise interest rates again this year. The unemployment rate held steady at 4.4%, in…...
Futures point higher as Wall Street eyes Big Tech earnings and oil retreats from $90
3+ week, 8+ hour ago (207+ words) US stock futures pointed higher on Monday as attention turned to a bumper week of Big Tech earnings, even with the US-Iran conflict grinding into its tenth day. Dow futures edged up 0.2%, S&P 500 contracts added 0.3%, and the Nasdaq-100 popped…...
British economy is tracking materially stronger than expected, says investment bank
3+ week, 3+ day ago (178+ words) Britain’s economy is tracking materially stronger second-quarter growth than UBS expected after GDP returned to expansion in May, signalling limited fallout so far from the Middle East energy shock. GDP rose 0.1% month on month, beating expectations for stagnation and reversing…...
British economy is tracking materially stronger tjhan expected says investment bank
3+ week, 3+ day ago (178+ words) Britain’s economy is tracking materially stronger second-quarter growth than UBS expected after GDP returned to expansion in May, signalling limited fallout so far from the Middle East energy shock. GDP rose 0.1% month on month, beating expectations for stagnation and reversing…...