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Finance News — Page 90
Dow Jumps 500 Friday, Logs Second Weekly Loss
The Dow surged 500 points on Friday, August 21, 2026, but the index still finished the week lower for a second straight week alongside rebounds in the S&P 500 and Nasdaq.
Why the US economy is ringing alarm bells
US national debt crossed the $40tn mark this week, doubling in roughly a decade, with interest payments now consuming nearly 20% of federal tax revenue and outpacing defense spending.
India Now an 'Anti-AI Trade' Poised to Mean-Revert: DSP
DSP's Jay Kothari argues India's two-year 70% underperformance against emerging markets has turned it into an 'anti-AI trade' poised to revert upward, as tech now dominates 46% of emerging markets' we
JPMorgan Warns Treasury Buybacks Are 'Credit Card' Tactic
JPMorgan's James Sullivan warned that the U.S. Treasury's expanded bond buyback program merely shifts the debt burden forward, likening the strategy to "paying your mortgage with your credit card" as
Korean Rookie Investors Lose Fortunes in AI Frenzy
South Korean investors who piled into AI and chip stocks are confronting heavy losses as a chip rout and rising bond yields slammed the market, turning euphoria into despair.
Treasury Turns to Interventionist Tactics to Lower Interest Rates
Treasury Secretary Scott Bessent doubled the government's bond buyback capacity to contain surging long-term yields, but markets pushed back by Thursday as the U.S. national debt crossed $40 trillion.
Bessent Buyback Plan Fails to Calm Bond Market
Treasury Secretary Scott Bessent's two-pronged effort to calm the government bond market — accelerated buybacks and verbal reassurance — has so far failed, with long-end yields rebounding and analysts
Crypto exchanges split over AI agent autonomy
Crypto exchanges are racing to build products for autonomous AI agents, with Kraken and OKX rolling out rival offerings and crypto CEOs predicting bots could drive a significant share of onchain activ
Walmart Stock Drops 9% as Sales Growth Slows
Walmart stock plunged 9% after the retailer's slowing U.S. comparable sales growth of 2.6% and outlook disappointed Wall Street, even as the company simultaneously raised its full-year guidance.
Bitcoin Is Pumping But Prediction Market Traders Aren't Convinced
Bitcoin rallied 8.7% Wednesday and added another 3.26% to hit $71,556 Thursday, but prediction market traders who were betting on a crash days ago have merely flipped to a coin flip rather than buying
Bonds Erase Treasury Buyback Impact
Bond market movements erased the impact of the Treasury's debt buyback intervention, per NBC News, with broader markets continuing to seek relief that wasn't coming.
Stock Market Today: Bessent Signals Treasury Buybacks Could Exceed $4 Billion - WSJ
Treasury Secretary Bessent deployed interventionist tactics — including signaling bond buybacks could exceed $4 billion — to push down interest rates, but bond yields jumped and effectively erased the
BMO reorganizes capital markets unit, taps Couzens as head
Bank of Montreal is consolidating its international capital markets business under a single leader, with EMEA head Richard Couzens expanding his role effective November 1 while Asia head Chris Taves r
Why Is Moderna Stock Down Today? - Forbes
Moderna’s stock is framed as falling today, while separate coverage of the company’s shift toward cancer work highlights a 177% gain, leaving the reason for the latest decline completely unstated.
Bitcoin and Dogecoin Top India's Crypto Pairings Across All Ages
CoinSwitch's Q2 2026 report reveals Bitcoin and Dogecoin were the top crypto pairing among Indian investors across every age group, even as younger investors drove new participation while older cohort
Most Americans say the Trump family’s crypto investments are not ‘appropriate’: Poll
A June ethics disclosure revealed Trump earned $1.4 billion from crypto investments in 2025, sparking congressional calls for investigations and renewed momentum behind the Digital Asset Market Clarit
Alibaba Profit Drops 75% as AI Spending Surges
Alibaba reported a 75% quarterly net income drop driven by heavy AI investment spending, sending shares down 5% — though its Cloud unit posted 45% revenue growth.
Bessent says Treasury buyback operation could be more than $4 billion - CNBC
Treasury Secretary Bessent signaled the department's bond buyback operation could exceed $4 billion as part of interventionist efforts to lower interest rates, though those efforts have so far failed
Alibaba Shares Fall 5% as AI Spending Cuts Net Income 75%
Alibaba's shares dropped 5% after the company posted a 75% plunge in net income driven by heavy AI infrastructure spending, even as its CEO projected AI-related ARR to reach $10 billion by September.
CNBC Daily Open: Trump bemoans 'ridiculous rates' - CNBC
President Trump publicly attacked Federal Reserve interest rate policy as "ridiculous," demanded the U.S. pay much less, and played down bond market fears while Fed officials continued monitoring infl
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