Labor market data for August was about three times lower than expected

U.S. stocks hit a record after the jobs data. The market is waiting for three rate cuts

Designer and fashion designer George Armani has died. He was 91 years old. Armani created the eponymous brand, which became world famous and made its founder a billionaire.

Billionaire and founder of Armani brand George Armani died

Shares of cryptocurrency company American Bitcoin, with investments from Trump's sons, soared more than 100% in early trading

Trump's son has become a billionaire. His crypto investments eclipsed the family's real estate development business

Alphabet Inc.

Investors may have been encouraged by the court's ruling in the antitrust case against Google

U.S. stocks resume gains after a poor start to the fall

Price growth in the eurozone in August amounted to 2.1%, which is more than experts predicted. However, core inflation, which excludes volatile food and energy prices, remained unchanged compared to July. The European Central Bank will decide on interest rates in September, and the consensus view is that it will leave them unchanged, as in July.

Eurozone inflation in August exceeded expectations. What to expect from the ECB meeting?

More than 800 people have been killed in an earthquake in Afghanistan, according to the country's authorities. Thousands of people have been injured or remain under the rubble, which may increase the number of victims. The magnitude 6 earthquake was one of the strongest in Afghanistan's history, according to Reuters.

More than 800 people killed, thousands injured in Afghanistan earthquake

The benchmark PCE index will peak in the fourth quarter of 2025, economists predicted

The Fed's favorite measure of inflation is at its peak since February: will this prevent a rate cut?

The US authorities have improved their assessment of the country's economic growth in the second quarter, with the new result being better than what analysts had expected. The reason for positivity was the data on investment and consumer spending, as well as imports. Also this week, the US Fed's preferred inflation indicator, the Personal Consumption Expenditures Index, will be published.

Revised data on the US economy for the second quarter exceeded expectations

Apple Inc.

NVIDIA Corporation

Intel Corporation

The Fed chief's position seemed softer to the market than traders expected. Expectations for a rate cut in September jumped to 84%

Rinat Tairov

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