U.S. Stocks Mixed as AI Buzz Stokes Tech Gains
U.S. stocks ended mixed as buzz about AI products propelled large tech companies to more record highs even as energy inflation fears lingered.
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AI Cycle Set to Offset Energy Hit for Asia Economies
S&P raised its baseline projection for Asia's 2026 gross domestic product growth to 4.6%, but noted that projections for strong growth this year and next don't mask the challenges.
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Investors Demand Highest Yield at Two-Year U.S. Treasury Auction Since 2024
The auction, which saw the notes sell at a yield of 4.787%, comes as investors brace for rising interest rates after hawkish communication from Federal Reserve officials followed a rate increase last week.
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Trump-Xi Summit Could Reset Trade Tensions. 3 Things Investors Are Watching.
President Donald Trump and China's Xi Jinping are seeking stability as investors watch for progress on tariffs, trade deals, AI and Taiwan.
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Trump Weighs Diesel Export Ban as Fuel Prices Soar
The president said a decision would come "fast" on a potential restriction that several Republicans are championing.
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Meta's Muse Comes for Financial Stocks
The rapid adoption of the new artificial-intelligence agent threatens to disrupt wealth managers, brokerages and insurers.
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Fed's Barkin Says One Rate Hike May Not Be Enough to Tame Inflation
Richmond Fed President Thomas Barkin warned that temporary shocks spurring inflation this year could drag on and new cost pressures could develop.
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Bank Indonesia Holds Steady as It Keeps Watchful Eye on Rupiah
Indonesia's central bank kept interest rates unchanged Wednesday, assessing the impact of rupiah-support measures as currency risks flared again.
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Trump Threatens to Annihilate Iran as He Lays Out Foreign-Policy Vision at U.N.
President Trump labeled himself a man of peace while threatening to "annihilate" Iran and wield American power against other nations.
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Eurozone Consumer Sentiment Knocked by Surging Energy Prices
The European Commission's flash consumer-confidence indicator for the 21-nation currency area fell 1.0 point to minus 16.5 in September.
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EU, Philippines Reach Breakthrough in Free-Trade Talks
The agreement comes as persistent geopolitical shocks and tariffs underscore the need to look for new trade partners.
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Oil Prices Fall on U.S.-Iran Diplomacy Hopes
Oil prices moved lower after Japan's Kyodo News Agency reported that Iran proposed to reopen the Strait of Hormuz if the U.S. lifts its blockade.