WELLS FARGO RAISES U.S. GROWTH OUTLOOK, SEES MORE FED CUTS
Wells Fargo lifted its U.S. growth forecast and now expects two more interest rate cuts from the Federal Reserve in early 2026.
The bank projects GDP growth of 2.0% in 2025 and 2.3% in 2026, boosted by strong consumer spending and tech investment.
Inflation remains above target at 2.9%, but Wells Fargo expects it to ease gradually. It forecasts 25 bps rate cuts at both the October and December meetings, plus two more in the first half of 2026.
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RUSSIA'S RYABKOV: RUSSIA WILL RESPOND IN KIND IF ANY COUNTRY CONDUCTS A NUCLEAR TEST
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58% OF AMERICANS SAY PRESIDENT SHOULD SEND TROOPS ONLY TO FACE EXTERNAL THREATS - POLL FINDS
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*NVIDIA IS AMONG EQUITY INVESTORS IN MUSK'S XAI CHIP DEAL
*MUSK’S XAI NEARS $20 BILLION CAPITAL RAISE TIED TO NVIDIA CHIPS
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$GM - U.S. ENERGY DEPARTMENT CONSIDERING REVOKING NEARLY $1.1 BILLION IN GRANTS FOR GM, STELLANTIS FOR AUTO PLANT RETOOLING -DOCUMENT
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$TSLA - TESLA SHARES LOSE SOME GROUND WITH VOLUME PICKING UP AS IT RELEASES CAR MODEL DETAILS, LAST DOWN 2.2%
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$TSLA - TESLA: STANDARD MODEL Y INTERIOR DOES NOT HAVE CUSTOMIZABLE WRAPAROUND AMBIENT LIGHTING, HAS CLOSED GLASS ROOF - WEBSITE
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$TSLA - TESLA WEBSITE SHOWS STANDARD REAR-WHEEL DRIVE MODEL Y IN THE US PRICED AT $39,990
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DIMON: GOVERNMENT SHUTDOWN WON’T HURT MARKETS
JPMorgan CEO Jamie Dimon called the U.S. government shutdown “a bad idea” but said it’s unlikely to derail the stock market long term.
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TRUMP: WILL TELL YOU ABOUT JOBS TO BE ELIMINATED IN FOUR OR FIVE DAYS
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TRUMP: LOT OF THINGS WE WILL ELIMINATE DUE TO SHUTDOWN
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TRUMP: AOC IS NOT IN THE POSITION TO NEGOTIATE
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TRUMP: WILL MEET XI IN A FEW WEEKS IN SOUTH KOREA
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TRUMP: FENTANYL CRISIS NOT OVER
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TRUMP: SHUTDOWN IS LIKE A KAMIKAZE ATTACK FROM DEMOCRATS, THEY HAVE NOTHING TO LOSE
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GOLDMAN SACHS: NO STOCK BUBBLE YET
Goldman Sachs says the market shows some bubble-like signs but remains driven by strong fundamentals.
Tech valuations are high, but leading firms are financially solid, and the AI sector is still concentrated among major players.
The bank says valuations aren’t at historic bubble levels yet but urges investors to stay diversified.
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83% OF AMERICANS SAY MILITARY SHOULD REMAIN POLITICALLY NEUTRAL - POLL FINDS
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TRUMP'S APPROVAL RATING DIPS TO 40% - POLL FINDS
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$TSLA - TESLA SHARES ADD TO LOSSES, LAST DOWN 3% AFTER UNVEILING OF LOWER-COST MODEL Y CAR
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$TSLA - TESLA UNVEILS $37,990 MODEL Y TO COUNTER LOSS OF US TAX CREDITS
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$TSLA - TESLA WEBSITE SHOWS STANDARD REAR-WHEEL DRIVE MODEL 3 IN THE US PRICED AT $36,990
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$TSLA - TESLA WEBSITE SHOWS STANDARD REAR-WHEEL DRIVE MODEL Y RANGE 321 MILES (EPA EST.)
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TRUMP ADMINISTRATION IS CONSIDERING CANCELLING AN ADDITIONAL $12 BILLION IN FUNDING FOR CLEAN ENERGY PROJECTS BEYOND- SEMAFOR
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$NVDA - NVIDIA CEO JENSEN HUANG SAYS NVIDIA WILL CONTINUE TO SPONSOR H-1B VISAS - BUSINESS INSIDER
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TRUMP: I DON'T KNOW WHO TO SPEAK TO WITH THE DEMOCRATS, THEY HAVE NO LEADER
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TRUMP: SCHUMER IS INCAPABLE OF MAKING A DEAL TO END SHUTDOWN
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TRUMP: DEMOCRATS HAVE NOTHING TO LOSE, THEY HAVE NO LEADER
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TRUMP: FENTANYL CRISIS WITH CANADA IS NOT OVER, I DON'T THINK IT EVER WILL BE OVER
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TRUMP: VERY CLOSE TO MAKING DEAL ON MIDDLE EAST
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TRUMP: WE'RE THE KING OF BEING SCREWED BY TARIFFS
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