Government Stake in Intel
According to Barron’s, “U.S. Takes 10% Stake in Intel. What to Know,” the U.S. will buy a roughly 9.9% passive equity stake funded by CHIPS grants and Secure Enclave awards; the move makes CHIPS a central policy tool and leaves Washington as a major shareholder in a strategic semiconductor firm. [Barron’s]
Nvidia and AI Earnings Spotlight
According to Reuters, “Wall St Week Ahead Investors zero in on Nvidia results as US tech stocks waver,” markets are fixated on Nvidia’s quarterly report as an AI demand signal; analysts say guidance will shape sentiment across semiconductors and cloud infrastructure, keeping AI squarely at the center of market positioning. [Reuters]
Healthcare Ransomware Fallout
According to Reuters, “Ransomware attack at DaVita impacted 2.7 million people, US health dept website shows,” the incident exposed lab and patient records for millions, amplifying concerns about RANSOMWARE threats to critical care providers and the ongoing need for stronger cybersecurity and incident response in healthcare. [Reuters]
Markets price
September rate cut According to Reuters, “Asia shares up on hopes for US rate cuts, Nvidia a hurdle” as Powell’s dovish tone at Jackson Hole sent futures to price a high probability of a September rate cut, lifting stocks and pushing Treasury yields lower while investors await U.S. inflation and jobs data. [Reuters]
Global Banking
Global central banks warn on political pressure According to Reuters, “World’s central bankers fear being caught in Fed’s storm” as officials at Jackson Hole cautioned that political attacks on the Fed threaten central-bank independence, a risk that could unsettle markets and complicate U.S. monetary policy. [Reuters]
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