Morgan Stanley’s Wilson Says US Stock Rally Has Further to Run

Published on September 2, 2025

US stocks will continue rallying after four months of gains as Federal Reserve interest rate cuts coincide with robust corporate earnings, according to Morgan Stanley’s Michael Wilson.

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ISM Manufacturing PMI: Sixth Consecutive Contraction

September 2, 2025
The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) came in at 48.7 in August, indicating contraction in U.S. manufacturing for a sixth straight month. The latest reading marks a slightly slower rate of contraction than in July but was lower the forecast of 49.0.

Winklevosses’ Crypto Firm Gemini Seeks $317 Million in IPO

September 2, 2025
Gemini Space Station Inc., a cryptocurrency exchange led by the billionaire Winklevoss twins, seeks to raise as much as $316.7 million in its initial public offering as the latest crypto business in line for a US listing.