Eksentricity’s Post

US Inflation Slows, Retail Sales Beat Expectations, and Housing Gains Momentum - US inflation rose 0.1% in August, the slowest in three years. - US retail sales increased 0.1% in August, beating expectations of -0.2%. - August job growth slowed to 115K, down from 255K monthly average. - US homebuilding industry may benefit from falling mortgage rates and possible rate cuts. - Toll Brothers expands in Delray Beach with new Layton Pointe community. Read today's full summary https://lnkd.in/dXQcUsGE #AI #Economy #Economics #Markets #Investing #Technology #Leadership #Business #Fintech #BankingIndustry #Healthcare #Finance #Retail #Infrastructure

Byju’s Debt Crisis, Nvidia’s Surge, and Fed Rate Cut Looms - Byju’s lenders demand $1.2 billion repayment. - Nvidia’s market value surpasses $2.5 trillion. - US Fed expected to cut interest rates. - Assassination attempt on Trump foiled in Florida. - China’s industrial production slowed in August. Read today's full summary https://lnkd.in/d56X9hFN #AI #Economy #Markets #Investing #Entrepreneurship #Economics #Leadership #Strategy #Fintech #Technology #Trump #Healthcare #Politics #Retail

Inflation Eases, Tesla Rebounds, and Harris-Trump Race Tightens - Inflation has eased to 0.2% in August. - Tesla’s China sales have rebounded, driven by increased production and demand. - IO Biotech’s cancer vaccine combined with KEYTRUDA® showed a 44.4% overall response rate. - Harris vs. Trump is a tight race, with Harris holding a slight lead in national polls. - Gran Tierra Energy completed a $150 million debt offering to fund acquisition and general corporate purposes. Read the full day's summary https://lnkd.in/gi3P9Pwx #AI #Economy #Economics #Innovation #Technology #Markets #healthcare #investing #business #fintech #Healthcare #Politics #Commodities #Harris #Trump

Fed Rate Cuts, OpenAI Breakthrough, and Harris’ Debate Surge - The Fed may cut rates by 50 basis points in September. - OpenAI launched o1, surpassing GPT-4 in complex reasoning tasks. - FDA delayed approval for MDMA-assisted psychotherapy for PTSD treatment. - The US banned Russian uranium imports, raising uncertainty for utilities. - Kamala Harris leads Trump with 63% in CNN poll after debate. Read today's full news summary https://lnkd.in/dwhVDVf6 #AI #Innovation #Economy #Markets #Technology #Healthcare #Investing #Law #Future #Strategy #News #Daily #Finance #BigData #business #Fintech #CloudComputing

Inflation Cools, Oil Prices Rise, and Kamala Harris Hits Fundraising Milestone - Inflation cooled in August, rising 0.2%, with the Fed likely to cut interest rates. - Hurricane Francine shut down nearly 39% of U.S. Gulf oil production, raising prices. - Vice President Kamala Harris raised $47 million in 24 hours after the debate. - Tata Steel secured a £500 million grant for its green steel project in Wales. - Opendoor Technologies appointed former Fannie Mae President David Benson to its board. Read the full summary https://lnkd.in/dVMqdccN #Economy #Markets #Investing #Sustainability #Leadership #Strategy #Future #Innovation #Energy #AI #Healthcare #Politics #Infrastructure #Harris #Trump #Stocks

Major Acquisitions, Gold Discoveries, and Potential Conflicts in Global Business - Methanex acquired OCI’s methanol business for $2.05 billion, boosting production 20%. - Great Pacific Gold found high-grade gold samples at Papua New Guinea. - Canada Nickel secured $500 million loan interest from EDC for its project. - Petrobras may invest $800 million to finish the UFN-III fertilizer plant. - Trump’s cryptocurrency venture could cause conflicts if he returns to office. Read the full summary https://lnkd.in/d8JQJ4k2 #Innovation #Economy #Markets #Investing #Strategy #Leadership #Future #Entrepreneurship #Sustainability #AI #Healthcare #Politics #Retail

Global Markets Shift as Giants Lose Value and Major Deals Unfold - Warren Buffett sold 505 million Apple shares, reducing Berkshire’s stake significantly. - The SSA will announce the 2025 COLA adjustment on October 10. - US, EU, UK, France, and Germany pledged $8.5 billion to South Africa. - NFL billionaire Shahid Khan’s superyacht Kismet is available for $3M weekly charter. - India’s top-10 firms lost Rs 2,01,699.77 crore in market value. Read the full summary https://lnkd.in/dcajDGMx #India #Economy #Markets #Technology #Innovation #Investing #Leadership #Future #Sustainability #AI #Finance #Healthcare #Infrastructure #Retail #US #Politics

Nvidia Surges, Acadia Faces Scrutiny, and Social Security at Risk - Acadia Healthcare faces scrutiny for detaining patients, causing stock to drop 4.5%. - Nvidia’s market cap hits $2.6 trillion, with stock up 639% since 2023. - Many class action lawsuits claim US companies misrepresented their financial performance. - Kamala Harris pledges to protect Social Security, threatened by cuts in 2035. - Hong Kong rents may hit record highs in 2023, surpassing August 2019 peak. Read the full summary https://lnkd.in/dwUcwwx2 #Markets #Innovation #Economy #Technology #Healthcare #Futurism #Leadership #Investing #Strategy #AI #Politics #Finance #Stocks

Fed Rate Cut Chances, Hunter Biden’s Guilty Plea, China’s Megamerger, and Pharma Trials - Hunter Biden pleaded guilty to nine tax charges, evading $1.4 million. - The Fed might cut rates in September, with a 43% chance. - China’s megabrokerage merger will create a firm with $236.9 billion in assets. - Ocuphire Pharma began Phase 3 trial for presbyopia treatment, Phentolamine Ophthalmic Solution. - Gold prices fluctuated near $2,532, slowed by strong U.S. economic data. Read the full summary https://lnkd.in/dD7iXcWg #AI #Economy #Markets #Innovation #Investing #Healthcare #Technology #Strategy #Future #Law #Finance #Tech