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Dollar Tree's Q3 profit hit by tariff shock despite steady demand
Tariffs impact Dollar Tree's profit forecast, squeezing marginsMiddle- and higher-income consumers boost growthCompany raises 2025 net sales forecast amid store expansionBy Juveria Tabassum Sept 3 (Reuters) - Dollar Tree DLTR.O forecast current-quarter profit below estimates on Wednesday ...Reuters
Wed, Sep 3
Will iPhone 17 Lift Apple’s Stock? JPMorgan Bets on China, Citi Skeptical on Innovation
TradingKey - Ahead of Apple’s (AAPL) annual fall launch event on September 9, Pacific Time, where the iPhone 17 series is expected to debut, Wall Street remains cautious — viewing the new models as incrementally improved but not revolutionary. Citi slightly raised its 2025 iPhone shipment forecast,
TradingKey
Wed, Sep 3
HSBC raises S&P 500 year-end target on earnings strength, modest tariff impact
Sept 3 (Reuters) - HSBC raised its year-end forecast for the S&P 500 index .SPX to 6,500 from 6,400 on Wednesday, marking its second upgrade in less than a month, on the back of stronger-than-expected second-quarter corporate earnings and a 'modest' impact from tariffs.Reuters
Wed, Sep 3
Fed's Waller repeats call for rate cut in September, pace depends on data
Sept 3 (Reuters) - Federal Reserve Governor Christopher Waller on Wednesday repeated his call for an interest-rate cut in September given the weakening in the labor market, and said that how fast the central bank cuts after that will depend on what happens next in the economy.Reuters
Wed, Sep 3
Sterling edges up off four-week low as traders assess impact of bond selloff
LONDON, Sept 3 (Reuters) - Sterling edged up off a four-week low on Wednesday as traders paused to assess the impact of a two-day bond market rout that has highlighted Britain's fiscal challenges as the government prepares its annual budget.Reuters
Wed, Sep 3
Pre-Bell | Nasdaq Futures up 1%; Macy's Surges 12%; Alphabet Soars 6%; Apple Jumps 4%; BMNR, Upexi up 3%; Dollar Tree Sinks 6%
Stock futures were higher on Wednesday after a federal court decision in an Alphabet antitrust case fueled optimism that the tech giants will be able to weather regulatory threats.Tiger News
Wed, Sep 3
London stocks rebound led by mining and healthcare after worst day in five months
Sept 3 (Reuters) - UK shares rebounded on Wednesday, led by gains in healthcare and mining stocks, after suffering their worst day in nearly five months during the previous session amid fiscal concerns.Reuters
Wed, Sep 3
Bond Market Turmoil Sees 30-Year US Treasury Yields Break 5% Again
TradingKey - On Wednesday, September 3, the bond market continued the global sell-off from the previous day: the yield on 30-year Japanese government bonds hit a historical high, German long bond futures fell for the fifth consecutive trading day, and the 30-year US Treasury yield surpassed 5% for tTradingKey
Wed, Sep 3
Elliott Makes $4 Billion Bet on PepsiCo’s Turnaround: Sees 50% Upside
TradingKey - Elliott Investment Management, one of the world’s largest activist funds, revealed on Tuesday that it has acquired $4 billion worth of shares in PepsiCo. The fund plans to push the beverage giant towards a strategic overhaul to reverse its lagging performance.
TradingKey
Wed, Sep 3
After Samsung and SK Hynix, US Ends TSMC's Chip Tool Exemptions for China
TradingKey - TSMC stated on Tuesday that the U.S. government will revoke the "Validated End-User" (VEU) authorization for its Nanjing factory effective December 31, 2025, forcing the company to seek individual licenses for each shipment of U.S.-manufactured semiconductor production equipment to...
TradingKey
Wed, Sep 3
Dow Jones futures trade lower amid uncertainty over future of Trump’s tariffs
Dow Jones futures extend losses in the overnight session on Wednesday. United States (US) equities are facing selling pressure as appeals of court has announced a verdict against a majority of tariffs imposed by President Donald Trump since his return to the White House.Fxstreet
Wed, Sep 3
Shareholders sell stocks, executives cash out - CoreWeave's insider selling triggers a crisis of market confidence
TradingKey - Cloud computing company CoreWeave (CRWV.US) saw its stock drop 9.4% on Tuesday, closing at $93.34, amid growing investor concerns over a wave of insider selling following the expiration of a lock-up period in August.TradingKey
Wed, Sep 3
Japan’s Long Bonds Carry More Risk Than U.S. or European Debt as a Crucial Test Is Coming
TradingKey - Compared to Western economies, political turmoil in Japan adds an additional layer of pressure on its bond market, and Thursday’s 30-year JGB auction could become the “last straw” for investor confidence.
TradingKey
Wed, Sep 3
China's Xi projects power at military parade with Putin and Kim
BEIJING, Sept 3 (Reuters) - Chinese President Xi Jinping warned the world was facing a choice between peace or war at a massive military parade in Beijing on Wednesday, flanked by Russia's Vladimir Putin and North Korea's Kim Jong Un in an unprecedented show of force.Reuters
Wed, Sep 3
Kraft Heinz Breakup: Can a Split Save the Buffett-Backed Giant?
TradingKey - On September 2, Kraft Heinz announced plans to split into two independent publicly traded entities to reshape its business landscape and unlock brand potential. This decision marks the end of the decade-old mega-merger between Kraft Foods and Heinz, orchestrated by Warren Buffett's...
TradingKey
Wed, Sep 3
EUR/USD dips further against a firmer US Dollar on renewed debt fears
The EUR/USD pair is heading south for the second consecutive day on Wednesday, trading at 1.1620 at the time of writing. Renewed concerns about the increasing fiscal deficits in major economies have triggered a sell-off in bond markets
Fxstreet
Wed, Sep 3
XAG/USD eases from 14-year peak; fails ahead of $41.00 mark
Silver (XAG/USD) retreats slightly from the vicinity of the $41.00 mark, or a fresh 14-year high touched during the Asian session earlier this Wednesday. The white metal currently trades around the $40.70 region, down nearly 0.50% for the day, though any meaningful corrective slide seems elusive.
Fxstreet
Wed, Sep 3
PRECIOUS-Gold prices extend record run on strong safe-haven inflows
Focus shifts to U.S. jobs data, due on Friday Gold hit record high of $3,546.99/oz earlier in the sessionSPDR Gold Trust holdings rise 1.32% on TuesdayBy Brijesh Patel Sept 3 (Reuters) - Gold prices extended their record run on Wednesday, as persistent market uncertainty and growing investor conf...Reuters
Wed, Sep 3
US scraps TSMC’s waiver to send chip supplies freely to China
Washington has pulled back Taiwan Semiconductor Manufacturing Co. (TSMC)’s clearance to freely send key equipment to its biggest chipmaking hub in China, raising the risk of disruptions at the facility. The US has decided to strip the chipmaker of its validated end user (VEU) privileges for its NanjCryptopolitan
Wed, Sep 3
