The partnership will “focus on increasing the supply of advanced memory chips essential for next-generation AI and expanding data center capacity in Korea.”
The government shutdown is likely to cement additional Fed interest rate cuts
Chair Jerome Powell and his fellow central bankers likely will err on the side of caution, which would be a bias towards easing.
Stocks making the biggest moves midday: Pfizer, Nike, Conagra, Corteva, GEO Group, Tesla, Reddit and more
These are some of the stocks posting the largest moves midday.
Leon Cooperman says we’ve reached the stage of the bull market that Warren Buffett warned about
Leon Cooperman believes we are in the late innings of a bull market where bubbles can form and risks rise.
Dollar falls on U.S. government shutdown, now on pace for worst annual decline in 22 years
The dollar fell Wednesday after U.S. lawmakers failed to avert a government shutdown, raising questions from traders about the potential economic impact.
Prediction markets see government shutdown lasting nearly two weeks
On Polymarket, traders see the highest likelihood that the government won’t reopen until October 15 or later.
Stocks making the biggest premarket moves: Lithium Americas, AES, Sunrun, Peloton, Nike and more
These are some of the stocks posting the largest moves in premarket trading.
Private payrolls declined in September by 32,000 in key ADP report coming amid shutdown data blackout
Private payrolls saw their biggest decline in two-and-a-half years during September, ADP said.
Top 10% see record wealth growth: Here’s what to know
The top 1% of Americans has seen their wealth grow to record levels so far this year. CNBC’s Robert Frank joins ‘Squawk Box’ with the details.
Bitcoin rises as investors seek a global safe haven amid shutdown
Bitcoin ticked higher on Wednesday while stock-linked assets fell after U.S. lawmakers failed to reach a government funding agreement, leading to a shutdown.