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Fitch Says AI Bust Could Crash US Stocks 35%, Trigger Recession
Benzinga Prediction Markets8d agobearish
Fitch Says AI Bust Could Crash US Stocks 35%, Trigger Recession

Fitch Ratings says an AI-led market collapse could send U.S. share prices down 35% over six months and push the economy into recession, as American growth becomes increasingly dependent on technology spending. The ratings firm modeled the outcome as a...

Stocks Stumble Ahead of Highly-Anticipated Inflation Report
Barrons.com8d agobearish
Stocks Stumble Ahead of Highly-Anticipated Inflation Report

Today's wholesale inflation data sets the stage for tomorrow's consumer price index release, with investors watching closely for signs inflation is spreading beyond energy. The producer price index rose as expected in August, which prompted a move lower in equities, intensified bond yield rises, and caused a jump in odds of a rate hike from the Federal Reserve. The S&P 500 dropped 0.6% while the Nasdaq Composite declined 0.6%.

Did the Hawkish ECB Help Fuel the Treasury Selloff?
The Wall Street Journal9d agobearish
Did the Hawkish ECB Help Fuel the Treasury Selloff?

The ECB lifted some of its inflation forecasts and warned inflation is “set to remain well above target for an extended period.” Capital Economics described the ECB's latest language as “somewhat hawkish.” ECB decisions aren’t usually a major focus for U.S. investors, but the statement appeared to add fuel to the selloff in the U.S. Treasury market, which was already under pressure from higher oil prices.

Copper, FCX Stock Plunge On Tariff Report, Surging Yields; Silver, Gold Also Fall
Investor's Business Daily9d agobearish
Copper, FCX Stock Plunge On Tariff Report, Surging Yields; Silver, Gold Also Fall

The copper price and shares of S&P 500 copper mining giant Freeport-McMoRan turned sharply lower on Thursday morning after a Reuters report cast doubt that the White House would broaden tariffs to cover refined copper. Tariff expectations had helped fuel a new copper price earlier this week. While copper fell the hardest, gold, silver and other precious metals prices also lost ground amid a firmer dollar, $100 U.S. crude oil and higher inflation-adjusted Treasury yields.

Review & Preview: A Slippery Start to Fall
Barrons.com10d agobearish
Review & Preview: A Slippery Start to Fall

The Nasdaq Composite dipped 0.3%. It comes down to the “usual suspects,” notes Joe Mazzola, head trading and derivatives strategist at Charles Schwab: oil, Treasuries, and tariffs. Reports that Yemen’s Houthis attacked Saudi Arabian oil facilities caused oil prices to spike today.

Trump Says 'No More Selling' Bombardier Jets in the US Amid Canada Trade War: 'If They Want Our Market, They Must Build Here'
Benzinga11d agobearish
Trump Says 'No More Selling' Bombardier Jets in the US Amid Canada Trade War: 'If They Want Our Market, They Must Build Here'

President Donald Trump said Monday that Canada’s Bombardier Inc. (OTC:BDRBF) should no longer be allowed to sell its aircraft in the U.S., accusing Canada of blocking American companies while the jet maker profits from U.S. buyers. ‘That Era Is Over’ In a post on Truth Social, Trump said “NO MORE SELLING BOMBARDIER IN THE UNITED STATES” adding that more than half of Bombardier’s revenue comes from American buyers, companies, airports and service. He said that the company has effectively used the

No steering wheel, no problem: Can Tesla speed by Cybercab probe?
Yahoo Finance Video14d agobearishVIDEO
No steering wheel, no problem: Can Tesla speed by Cybercab probe?

Federal investigators have opened an investigation into whether Tesla's (TSLA) new Cybercabs comply with federal safety standards, just as the company begins testing its service in Austin, Texas. Market Domination host Josh Lipton is joined by Tom Narayan, RBC Capital Markets lead equity analyst for global autos, to discuss if the investigation jeopardizes the rollout and how Tesla is also trying to avoid an "Apple Maps moment."