Wall Street’s Big Bet on Jumbo Fed Cuts Hangs on US Jobs Report

Published on September 5, 2024

The bold bet from the likes of Citigroup Inc. and JPMorgan Chase & Co. that the Federal Reserve will slash interest rates by a half-percentage-point this month faces its biggest test yet from Friday’s US jobs report.

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American Drivers Signal a Top in Gasoline Demand

September 5, 2024
Labor Day weekend, marking the end of the US summer driving season, is typically the year’s last hurrah for gasoline producers. This year, the high-fives were reserved for drivers (and White House occupants): The average pre-long weekend pump price was down 13% from last year after gasoline refining margins collapsed in August. Pump prices have eased further this week.

S&P 500 Earnings Hinge on Trump, Harris Tax Plans, Goldman Says

September 5, 2024
Tax policies touted in the US presidential election could have a big impact on S&P 500 earnings, according to Goldman Sachs Inc. strategists.