DailyEdge

Short sellers betting against some of the market's leading AI stocks potentially made billions as markets slid this week and investors moved away from some of the year's hottest tech trades.

The investing world will turn its attention to northwestern Wyoming in the week ahead, with Federal Reserve Chair Jerome Powell set to give his most important policy speech of the year on Friday at the annual Jackson Hole Economic Symposium.

The end of summer usually marks one of the slowest periods of the year for investment bankers.

The market keeps pushing higher. But does that also mean speculation is running rampant without the support of fundamentals?

US stock futures climbed on Wednesday amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following the latest inflation data.

China reportedly urged domestic companies to avoid using Nvidia H20 processors, especially for government work, after Nvidia and AMD agreed to pay the US 15% of the revenue for certain chip sales to China.

Stocks are back near record highs once more as Apple's $100 billion US investment lifted the tech trade higher.

In the span of a week, traders have coalesced around the idea of a September rate cut, spurred on by discouraging labor market data and revisions showing more weakness.

Disney reported fiscal third quarter earnings on Wednesday that beat expectations, driven by continued strength in its domestic parks business and a year-over-year swing to profitability in its streaming unit.

US stock futures pushed up on Tuesday as Wall Street regained its balance after a tumultuous week and braced for the next wave of corporate earnings.