DOW HITS INTRADAY RECORD HIGH, LAST UP 0.3%
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TRUMP ADMINISTRATION PROPOSES NEW H-1B VISA PROCESS FAVORING HIGHER SKILLED, BETTER PAID WORKERS - FEDERAL REGISTER NOTICE
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POWELL TO SPEAK AFTER FED’S FIRST 2025 RATE CUT
Fed Chair Jerome Powell speaks today at 12:35 p.m. ET in Rhode Island, a week after the Fed cut rates by 25 bps to 4.00%–4.25%.
Investors will watch for guidance on future moves. Powell has stressed the cut was a “risk management” step, not the start of rapid easing. The Fed’s dot plot now shows three cuts in 2025, but the narrow vote highlights limited consensus. Powell also reaffirmed the Fed’s independence from politics.
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BOWMAN: WILL NEED FASTERCUTS IF JOB MARKET CONTINUES WORSENING
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FED'S BOWMAN SAYS TIME TO ACT DECISIVELY ON RATE CUTS
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BOWMAN: IMPORTANT THAT RECENT STATEMENT INCLUDED A FORWARD-LOOKING VIEW FOR FURTHER CUTS
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*GOOLSBEE: RIGHT NOW, I'M NOT THINKING ABOUT 50 BASIS-POINT CUTS
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GOOLSBEE: NEUTRAL IS 100-125 BASIS POINTS BELOW CURRENT RATE
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FED'S GOOLSBEE: HAVE TO GET INFLATION 2%, PERIOD
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CURRENT ACCOUNT BALANCE (2Q) -$251.3B VS -$256.6B EXPECTED
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$NVDA - BERNSTEIN: NVIDIA–OPENAI DEAL A POSITIVE CATALYST
Bernstein reiterated an Outperform on NVIDIA (NVDA) with a $225 PT, citing its new partnership with OpenAI. NVIDIA may invest up to $100B as OpenAI deploys 10 GW of datacenter capacity using NVIDIA systems, with the first 1 GW ($10B) coming online in 2H 2026.
Analyst Stacy Rasgon sees the deal as supportive of NVIDIA’s growth into 2026+, with no near-term risks. While AVGO shares dipped on the news, Bernstein views AI spending growth as a positive for both, favoring high-quality leaders like $NVDA and $AVGO.
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ROBINHOOD ( $HOOD) PT RAISED TO $140 AT PIPER SANDLER ON PREDICTION MARKET GROWTH
Piper Sandler raised Robinhood’s target to $140 (from $120), citing strong upside from prediction markets via its Kalshi partnership. September event contract volumes are set to hit a record $2.6B, with Robinhood users driving 25–35% of activity. Annualized revenues exceed $200M, prompting higher 2025–2027 EPS estimates.
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TRUMP TO MENTION STRIKES AGAINST NARCOTERRORISTS AT UN: LEAVITI
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DIMON ON INTEREST RATES - GONNA BE HARD FOR THE FED TO CUT MORE
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TRUMP ADMINISTRATION CANCELED GRANTS FOR STREET SAFETY, PEDESTRIAN TRAILS, AND BIKE LANES, CITING PROJECTS “AREN’T DESIGNED FOR CARS”
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META LAUNCHES SUPER PAC TO FIGHT AI REGULATION - AXIOS
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ATHA ENERGY MAKES MAJOR NEW DISCOVERY AT ANGILAK PROJECT; DRILLS BEST EXPLORATION HOLE TO DATE - $SASK
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MORGAN STANLEY TAPS PARTNER ZEROHASH TO OFFER CRYPTO TO E*TRADE CLIENTS
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BOWMAN: FED AT SERIOUS RISK OF BEING BEHIND THE CURVE
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BOWMAN: EXPECT LAST WEEK'S CUT A FIRST STEP TOWARDS A MORE NEUTRAL RATE IF ECONOMY EVOLVES AS EXPECTED
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BOWMAN: WORRIED FED IS BEHIND THE CURVE ON LABOR MARKET WEAKNESS, POLICY MAY NEED TO ADJUST FASTER IF RISKS MATERIALIZE
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FED'S GOOLSBEE: WE NEED TO BE A BIT CAREFUL ABOUT GETTING AGGRESSIVE
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FED'S GOOLSBEE: ANYONE SAYING WE'RE RAISING THE INFLATION TARGET, THAT'S DANGEROUS TALK
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GOOLSBEE: WE DID NOT MOVE INFLATION TARGET
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SECRET SERVICE DISMANTLES TELECOM THREAT NEAR U.N. ASSEMBLY
The Secret Service said it dismantled a network of 300 servers and 100,000 SIM cards across the NYC area capable of disrupting cell service and launching telecom attacks ahead of the U.N. General Assembly.
The devices, found within 35 miles of the U.N., had links to nation-state actors and posed a major risk to U.S. officials. The investigation into the network’s origins and intent is ongoing.
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$TSLA - UBS SEES TESLA Q3 DELIVERIES ABOVE CONSENSUS
UBS raised its Tesla Q3 delivery forecast to 475,000 units, about 8% above Wall Street consensus and up 24% QoQ. The increase reflects strong U.S. demand ahead of the IRA tax credit phase-out, record U.S. deliveries since mid-2023, and solid growth in Europe, China, Turkey, and South Korea.
UBS expects deliveries to exceed production by ~7%, reducing Q2 inventory, but forecasts a sequential drop to 428,000 units in Q4. Full-year 2025 forecast remains 1.62M vehicles.
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CHINA'S C. BANK: GOVERNOR PAN GONGSHENG MEETS BRIDGEWATER'S RAY DALIO
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RUSSIA: EUROPE PREPARING TO 'OCCUPY' MOLDOVA
Russia's Foreign Intelligence Service (SVR) stated on Tuesday that European countries are preparing to intervene militarily in Moldova. Furthermore, the SVR revealed that it detected a NATO buildup along the Romania-Moldova border.
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JPMORGAN CEO DIMON ON TRUMP'S H1-B ANNOUNCEMENT SAYS IT CAUGHT EVERYONE OFF GUARD, WE HAD A LOT OF PHONE CALLS OVER THE WEEKEND- CNBC-TV18 INTERVIEW
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TRUMP SIGNED AN ORDER OFFICIALLY DESIGNATING ANTIFA AS A DOMESTIC TERRORIST ORGANIZATION -WHITE HOUSE
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