House Speaker Johnson stated that slowing AI development could cause the United States to fall behind China, responding to Anthropic's call to decelerate AI advancement.
At a BRICS+ meeting, President Xi Jinping called on countries in the Global South to reform and strengthen the international financial architecture.
Goldman Sachs and Citigroup anticipate a Federal Reserve rate hike at the meeting scheduled for September 16. Market participants estimate the probability of a rate increase in the upcoming week to be above 86%, according to CME FedWatch data. Ahead of the FOMC meeting, former President Donald Trump reiterated his position that the United States should maintain the lowest interest rates globally.
⚠️🛢️ Regional talks originally scheduled for September 14 in Oman, involving Iran, Iraq, and other neighboring countries to discuss safe commercial shipping routes in the Strait of Hormuz, have been postponed to facilitate reaching a consensus.
During a meeting with Republican leadership in Dublin, Donald Trump addressed the topic of Irish unification. He also announced intentions to lift U.S. tariffs on Irish whiskey. Previously, Trump supported Argentina's claim over the Falkland Islands, which the United Kingdom regards as its territory. Analysts interpret these actions as a notable U.S. stance contrary to British interests. According to The Telegraph, leaders from Scotland, Wales, and Northern Ireland are scheduled to discuss the possibility of exiting the UK on September 14.
🇺🇸 Anthropic's IPO will proceed as planned despite a security scandal, reports AXIOS.
⚠️ The yield on 10-year U.S. Treasury bonds reaches a significant psychological threshold, hitting 5% for the first time since 2023.
⚠️🇪🇺 Traders have fully priced in three more ECB rate hikes, each by 0.25%, by the end of 2027, according to Bloomberg.
⚠️ Traders have fully priced in five interest rate hikes by the Bank of England, each by 0.25%, by the end of 2027, according to Bloomberg.
🇷🇺 According to the Central Bank, the average maximum rate on deposits at the top 10 banks in Russia has risen to 12.95%.
💥🛢🇷🇺 Several refineries have launched additional facilities, increasing the production volumes of petroleum products. Russian producers have boosted the output of petroleum goods, according to the Russian government.
💥 In a significant market move, CrowdStrike Holdings Inc. (CRWD) surged by 12%, reaching an all-time high.
⚠️ Traders have nearly fully priced in a 1% increase in the Federal Reserve rate over the next 12 months, reports Bloomberg.