cnbc_topnews

Fed keeps rates steady. The big question now: What will Microsoft and Meta say on AI capex?

📰 source: cnbc_topnews · 💼 business

the fed kept rates unchanged at its july meeting, but the decision wasn't a sure thing — markets had priced a 29% chance of a hike just before, and three of 12 fomc members voted for one. chair warsh said the fed 'will not hesitate' on inflation and that there is 'no soft inflation target.' stocks bounced after the announcement, with the s&p 500 and nasdaq turning positive during warsh's press conference.

now the focus shifts to earnings from meta and microsoft tonight, and amazon on thursday. the big question is ai capex. alphabet already raised its 2026 capex outlook by $15 billion last week, but the stock initially sold off. meta is expected to raise its forecast; microsoft is a wild card. what the hyperscalers say will test the narrative that chip stocks have peaked on capex fears.

why it matters: fed on hold but split vote signals hawkish risk; ai capex guidance from meta, microsoft, and amazon will set near-term direction for tech stocks.

source: cnbc_topnews
sentiment: +0.20 · impact: 0.70

Surprise fall in US jobs last month as slow summer continues

📰 source: bbc_business · 💼 business us jobs fell by 23,000 last month, against forecasts for an 80,000 gain, with the bureau of labor statistics also revising down may and june payrolls by a combined 103,000. the unemployment rate still dipped to 4.1% from 4.2%, as labor

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

📰 source: cnbc_topnews · 💼 business homes sold for less than their asking price in 38 of the 50 largest u.s. housing markets in june, per redfin. the biggest discounts hit florida and texas: miami and west palm beach averaged nearly 5% below asking, while houston, austin, tampa, dallas, san antonio,

China is gaining ground in AI. But the U.S. still has a major advantage

📰 source: cnbc_topnews · 💼 business hugging face ceo clément delangue told cnbc china is clearly dominating on open models and could start dominating at the frontier by end of this year or next. chinese models are closing the gap with u.s. frontier systems despite limited access to cutting-edge compute. beijing-based

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

📰 source: bbc_business · 💼 business rwe will abandon its offshore wind projects in the us after accepting a $1.2bn payout from the department of the interior. the german energy firm said it will reinvest the money into gas projects, including $900m for an lng export terminal in louisiana. rwe will

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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects