Friday’s jobs report for August is going to be huge. Here’s what to expect
The Wall Street consensus is for nonfarm payrolls growth of 161,000 for August and a slight decline in the unemployment rate to 4.2%.
Financial News
‘A declaration of bankruptcy’: Unions lash out as Volkswagen weighs possible German plant closures
Management at German automotive giant Volkswagen is set to go toe-to-toe with workers on Wednesday as leaders are set to present details about possible cuts.
Mongolia was meant to arrest Russia’s President Putin last night. It didn’t, and now it’s in trouble
Mongolia, as a member of the International Criminal Court, should have arrested the Russian president as soon as he landed on Mongolian soil Monday evening.
UK suspends some arms export licenses to Israel
British Foreign Minister David Lammy said Monday that the country would immediately suspend some arms export licenses to Israel.
What’s stalling China’s stock market recovery, according to KraneShares’ CIO
With investors fleeing Chinese stocks over growth concerns, the case for fiscal intervention could be stronger than ever.
Brazil’s top court orders nationwide suspension of Elon Musk’s X
Brazil’s supreme court on Friday ordered a nationwide suspension of Elon Musk’s social network X after the company vowed to defy earlier court orders.
Warren Buffett leads Berkshire Hathaway to new heights at age 94
“It’s been a matter of a well thought out strategy prosecuted for seven decades with discipline, consistency, and unusual insight,” Oaktree’s Howard Marks said.
Dell beats estimates as server sales soar 80%, riding AI wave
Dell said it recorded $3.1 billion of AI server sales in the quarter, up from $1.7 billion in the May quarter.
Nvidia reports 122% revenue growth on surging demand for data center chips
Nvidia reported second fiscal-quarter earnings Wednesday after the bell.
Nvidia has become world’s ‘most important stock,’ adding pressure to upcoming earnings report
Nvidia has been the primary beneficiary of the AI boom, as a handful of the richest technology companies order billions of dollars of the company’s processors.