Broadcom shares rally as $10 billion deal shows AI strategy is paying off

📊 All eyes on jobs report:

Global equities rose on Friday, supported by growing expectations of a U.S. interest rate cut.

All eyes will be on the upcoming U.S. jobs report later today, which could confirm signs of a weakening labour market and reinforce the case for easing by the Federal Reserve.

The STOXX 600 and FTSE 100 gained in early trading as did Asian markets, after the S&P 500 hit another record high yesterday on news that U.S. jobless claims were higher than expected.

Traders now appear nearly certain that the Fed will cut interest rates when it has its two-day meeting on September 17. The dollar consequently gave back some of its weekly gains early on Friday. Reuters reports.


💔 Wall Street is falling in love with the corporate breakup. Here's why:

This year is turning out to be a big one for breakups.

Whether by offloading a business unit, spinning out a corporate arm through an IPO, or carving up a Fortune 500 company, that means more fees for bankers and potentially improved returns for investors.

Through the end of July, US firms announced $725 billion in corporate breakup deals this year, according to the most recent data from Dealogic. That's a 48% jump from last year's level of divestiture activity over the same period.

"There's a lot of companies staring at their portfolios and wondering, 'Am I the best owner for these assets?'" Kevin Desai, head of PwC's deals team, said in an interview.

"You're not getting credit for being a large, diversified conglomerate anymore," he added. Yahoo Finance reports.


👖 US clothing retailers test full-price strategy as rich shoppers keep spending:

A handful of apparel retailers including Levi's and Aritzia are teasing more full-priced products, testing how much wealthier shoppers are willing to pay despite the sobering effect of tariffs.
They have not been disappointed so far.

Levi Strauss, for instance, raised prices on some products in July but saw no slowdown in demand, the denim maker's chief financial officer, Harmit Singh, said at the Goldman Sachs Global Retailing Conference in New York on Wednesday.

"We are making a full-court press in selling higher full-price than we have done in the past," he said. "The Levi's consumer largely earns $100,000 and over. And that consumer we are seeing is generally resilient." Yahoo Finance reports.


🛍️ Macy’s reports Q2 2025 sales of $4.8 billion, exceeding previous guidance:

US department store chain Macy's has reported net sales of $4.8 billion in the second quarter (Q2) of 2025 (ended 2 August), exceeding the company's expectations despite a 2.5% year-on-year decline.

The net sales include the impact of store closures.

In January, Macy’s confirmed the closure of 66 of its stores as part of a strategic overhaul.

The retailer reported a 0.8% increase in comparable sales on an owned basis and adjusted diluted earnings per share (EPS) of $0.41. Yahoo Finance reports.


🏛️ Wall Street week ahead inflation data looms for markets as stocks hover at records:

A spate of inflation data confronts U.S. stock investors in the coming week as markets grapple with fresh uncertainty over tariffs and government bond yields, while equities hover at lofty valuations.

The benchmark S&P 500 index closed at a record high on Thursday despite an uneven start to September, which has been the worst month for stocks on average over the past 35 years.

"September has been known to see a wearing down of the sentiment picture," said Matthew Miskin, co-chief investment strategist at Manulife John Hancock Investments. Reuters reports.


📊 Trump to impose tariffs on semiconductor imports from firms not moving production to US:

President Donald Trump said on Thursday his administration would impose tariffs on semiconductor imports from companies not shifting production to the U.S., speaking ahead of a dinner with major technology company CEOs.

Since returning to office in January, Trump's threat of tariffs has alienated trading partners, stirred volatility in financial markets and fueled global economic uncertainty.

"Yeah, I have discussed it with the people here. Chips and semiconductors - we will be putting tariffs on companies that aren't coming in. We will be putting a tariff very shortly," Trump said without giving an exact time or rate. Reuters reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars



ABM: ABM Industries
3Q 2025
Before Market Open
Estimate: 0.950
Actual: N/A


ZGN: Ermenegildo Zegna
H1 2025
Before Market Open
Estimate: 0.130
Actual: N/A



IMPP: Imperial Petroleum
2Q 2025
Before Market Open
Estimate: 0.040
Actual: N/A

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