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Asia markets waver after Wall St retreats from record
Equities wavered Wednesday following a down day on Wall Street, where worries about high valuations were compounded by mixed messaging from the Federal Reserve on its plans for interest rates. Investors have enjoyed a months-long rally that has pushed some markets to record highs but the run-up took a pause Tuesday amid talk that the gains may have gone too far.
In just one year, Google turns AI setbacks into dominance
Caught off guard by ChatGPT and mocked for early blunders with its own generative artificial intelligence efforts, Google has pulled off a dramatic turnaround in just one year, becoming a major player in consumer-facing AI. "The market had written off Alphabet in the AI race," Matt Britzman, analyst at Hargreaves Lansdown, said of Google's parent company.
New York's finance sector faces risks from Trump visa crackdown
On a bright September morning, employees stream through the turnstiles and vast lobby of Goldman Sachs’ headquarters in the sunlit Battery Park City neighborhood of Manhattan. - Concentration in New York In the first two quarters of 2025, Goldman Sachs was the biggest recipient of H-1B visas in New York City.
'We're gonna help': Trump to the rescue of struggling Argentina
US President Donald Trump promised financial "help" for struggling Argentina in a meeting with close ally Javier Milei, who is seeking a US loan to calm markets ahead of crucial mid-terms elections. Budget-slashing libertarian Milei has sought to halt on the peso following a provincial election trouncing for his party that was seen as a litmus test for next month's national mid-terms.
Powell warns of inflation risks if US Fed cuts rates 'too aggressively'
US Federal Reserve chief Jerome Powell warned Tuesday that slashing interest rates too quickly could allow inflation to remain elevated, but stressed that the central bank faces dual challenges moving forward. The reduction came while the independent central bank faced intensifying pressure from Donald Trump.
We can build fighter jet without Germany: France's Dassault
The head of French defence company Dassault said on Tuesday his firm could build the future European fighter jet by itself, as tensions persist with Germany over the multi-billion-euro project. Both European leaders have expressed support for the fighter jet project but tensions between the two aerospace contractors have marred cooperation.
Atletico owners negotiating with US firm Apollo over majority stake sale - reports
Atletico Madrid's owners are in advanced negotiations to sell a majority stake of the Spanish football club's shares to US private equity firm Apollo Global Management, according to various reports citing sources close to the deal.
US Fed official urges proactive approach on rates to boost jobs market
The US central bank should preemptively address worsening labor market conditions by lowering interest rates, a top Federal Reserve official said Tuesday, warning that policymakers risk running "behind the curve." She warned that a shock could tip the labor market into a sudden and significant deterioration.
EU proposes new delay to anti-deforestation rules
The EU said Tuesday it will seek a new one-year delay to sweeping anti-deforestation rules cheered by green groups but assailed by key trading partners from the United States to Indonesia. But the ban has faced opposition from trading partners, including Brazil and the United States, and some EU capitals, amid concerns over red tape, costs and lack of clarity over some aspects of the law.
AFP
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