Jefferies Chief Market Strategist David Zervos believes the Federal Reserve should consider a bold shift in monetary policy, making the case for deeper interest rate cuts during the upcoming meeting. read more
Vehicle prices rise in August, EV sales hit record with 9.9% market share. Tesla’s ATP up 2.9% to $54,468 but market share falls below 40%. read more
Palantir’s CEO Alex Karp argues that modern progressivism has abandoned the working class and calls for AI training and stronger borders. read more
AT&T CEO John Stankey warned that Apple’s iPhone supercycle era may be over without a major AI breakthrough, while Wall Street analysts said the iPhone 17 offers solid but incremental upgrades that won’t reignite blockbuster demand. read more
Economist Peter Schiff criticized America’s two most prominent housing finance institutions, blaming them for the current housing affordability crisis. read more
Leading cryptocurrencies rallied on Wednesday as U.S. producer inflation unexpectedly cooled, boosting the chances of interest rate cuts. read more
Alibaba will raise $3.2 billion through a convertible bond to expand its cloud infrastructure and support a $53 billion AI investment plan, while also boosting international e-commerce growth. read more
Conservative political activist Charlie Kirk was shot and killed on Wednesday while speaking at Utah Valley University in Orem, sparking a federal investigation that has taken an unusual turn with the FBI’s public handling of suspect information on social media. read more