TREE NEWS update: White House economic adviser Kevin Hassett said the US is tracking oil shipments through the Strait of Hormuz amid tensions with Iran. He made the remarks in response to questions about potential disruptions to global oil supplies. No specific measures were detailed.
TREE NEWS reports: Canada’s seasonally adjusted Ivey Purchasing Managers Index surged to 64.3 in August, up sharply from 55.1 in the previous month, indicating strong expansion in the country’s business activity. The data, released on September 5, 2024, signals robust economic momentum in the Canadian private sector.
TREE NEWS update: White House economic adviser Kevin Hassett said on Tuesday that interest rate hikes are something everyone thinks should be put on the agenda, while respecting the Federal Reserve’s independence. He noted that refined oil prices remain high and the administration is making every effort to lower them. On Iran, he said the U.S. is tracking oil shipments through the Strait of Hormuz.
TREE NEWS update: Russia said it attacked a vessel at Ukraine’s Chornomorsk port. The strike adds to escalating tensions in the Black Sea region, with potential implications for grain shipping and global markets.
TREE NEWS update: JU ACTIVE founder Huang Haorui said on September 4 that his company had already filed a second-instance appeal in the trademark dispute with lululemon, and that lululemon has also appealed. lululemon had not responded to requests for comment at the time of writing.
TREE NEWS reports: White House economic adviser Kevin Hassett said high oil prices are a short-term phenomenon. His remarks come amid recent volatility in energy markets. Hassett’s comment suggests the administration expects prices to stabilize without prolonged impact on the economy.
TREE NEWS reports: The Philadelphia Semiconductor Index gained 3% on [date not specified], with Seagate Technology surging over 5%, ASML and Micron Technology each rising nearly 4%, and Intel up nearly 3%. The broad rally highlights strength in the semiconductor sector.
TREE NEWS update: President Donald Trump on Friday threatened to halt trade with countries running surpluses against the U.S. unless the Federal Reserve cuts interest rates, calling it “better than tariffs.” In a Truth Social post, he argued high rates put America at an unfair disadvantage and urged the Fed to act as “patriots.”
TREE NEWS update: President Trump praised the latest jobs data and renewed his call for the Federal Reserve to cut interest rates, saying high rates put the U.S. at an ‘unfair disadvantage.’ He urged the Fed, under its new chair, to become ‘smart’ and adjust policy accordingly.
TREE NEWS update: President Donald Trump said the Federal Reserve Board and its ‘excellent new leader’ must become wise, urging action on monetary policy. The remark, made without specifying a timeline or concrete demands, signals continued pressure on the central bank to cut interest rates. Markets will watch for any policy response from Fed Chair Jerome Powell.
TREE NEWS reports: The US dollar index has nearly erased all gains made since the release of the nonfarm payrolls report, currently trading at 99.12. This reflects a swift reversal in market sentiment following the jobs data.
TREE NEWS update: Revolut and OpenReserve received preliminary approval from the Office of the Comptroller of the Currency to form US national banks, with both planning to offer cryptocurrency and stablecoin-related services. The approvals mark a step toward expanding their digital asset offerings under US banking regulations.
TREE NEWS update: New York City Mayor announced that starting in the 2026-2027 school year, students in public elementary and middle schools will be prohibited from using generative artificial intelligence. The city also introduced a new screen time management policy.
TREE NEWS reports: US August nonfarm payrolls added 162,000 jobs, far exceeding expectations, boosting bets on a September Fed rate hike. US stocks opened lower: Nasdaq -0.01%, S&P 500 -0.14%, Dow -0.31%. Tesla fell over 4% despite its Cybercab launch in Austin, while Lululemon plunged 18% on lowered guidance.
TREE NEWS reports: US stocks opened mixed on Tuesday. The S&P 500 edged up 2.48 points (0.03%) to 7,750.19, while the Nasdaq Composite rose 3.84 points (0.01%) to 26,587.90. The Dow Jones Industrial Average slipped 101.22 points (0.19%) to 53,584.89.
TREE NEWS reports: Crypto projects are spending hundreds of millions buying back their own tokens, a trend that has gained momentum. However, analysts question whether buybacks create lasting value or merely inflate token prices artificially. The debate intensifies as more projects adopt this strategy to support token prices.
TREE NEWS reports: Nick Timiraos said that strong August jobs data removed a key obstacle to a Fed rate hike at the September 15-16 meeting. The report revised July’s negative figure to positive and pushed six-month average hiring to a two-year high, undermining arguments against tightening based on weak labor market.
TREE NEWS update: White House economic adviser Kevin Hassett said the jobs report data is “very strong,” providing “quite substantial” reasons for the Federal Reserve to keep interest rates unchanged. He also noted that AI data centers are creating new jobs for utilities.
TREE NEWS reports: The US added 162,000 jobs in August, far exceeding the expected 55,000, with unemployment holding at 4.1%. The strong data boosted market expectations for a September rate hike by the Federal Reserve. Norway’s oil fund may cut its US Treasury holdings by about $80 billion.
TREE NEWS update: The 2026 China International Mining Conference will be held September 10-12 in Tianjin, themed “Win-Win Cooperation, Green and Smart.” The event emphasizes green transformation and intelligent upgrading, signaling a shift toward sustainable and tech-driven mining practices.