To begin their trading day, investors should be aware of the following key news items:
1. Fed by the Fed As investors anticipated a September interest rate reduction, stocks surged last week. When he hinted that the Federal Reserve might soon lower borrowing prices, Federal Reserve Chair Jerome Powell supported a strong rally in stocks.
2. Chips and shoppers Stocks will be shaped by a hectic week of earnings to come. On Wednesday, market leader Nvidia will release a significant report.
3. Coming back empty Boeing’s Starliner spacecraft will return to Earth without any cargo. Six more months will be spent onboard the International Space Station by the NASA astronauts who launched the vessel into orbit.
4. Trump accepts cryptocurrency Donald Trump, the former president, has had a change of heart on cryptocurrencies. A few years after labelling them a “scam,” the presidential contenders from the Republican Party have now accepted the currencies.
5. Fight for fees Restaurants are attempting to keep out of the controversy as the federal government strikes down on so-called trash fees. In an effort, they claim, to increase income and properly pay employees without raising menu prices, restaurants are progressively adding additional levies to bills.
Source (CNBC)
