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04.09.26 - 16:24
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Trump Says Fed ′Must Get Smart′ and Lower Interest Rates (Bloomberg)
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President Donald Trump told the Federal Reserve board to “BE PATRIOTS for a change,” in a post on Truth Social Friday. Trump hailed the US August jobs report while reiterating his call for lower interest rates. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)...
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04.09.26 - 07:00
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Deleveraging clouds China′s AI trade as rising US Treasury yields, inflation fears persist (SCMP)
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Chinese leveraged traders continue to unwind their bets on stocks, as unease over rising global bond yields and a lingering oil shock add uncertainty to the artificial intelligence trade.
The outstanding balance of stocks bought with borrowed money dropped to 2.62 trillion yuan (US$390.1 billion) on Thursday after a brief rebound in August, according to data from China Securities Finance. That was 13 per cent below an all-time high of 3.01 trillion yuan set on June 25. Meanwhile, short positions......
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