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Stocks Fall After Warsh Warns About Inflation, But S&P 500 Closes Winning Week

Chances of a rate hike by the Federal Reserve increased after Warsh's remarks in Jackson Hole.

Consumer Sentiment Drops Sharply In August. It's More Than 10 Points Lower Than 2025.
Warsh Says Fed Could Have 'Work To Do' If Inflation Doesn't Trend Down. Chances Of A Rate Hike Increased.
Iran Says Returning To Diplomacy With The U.S. 'Isn't Impossible.' Trump Says He's Not Interested.

Consumer Sentiment Drops Sharply In August. It's More Than 10 Points Lower Than 2025.
The figure stood at 51.7, a roughly 6% drop compared to July, according to the University of Michigan's survey of consumers.
Iranian Oil Exports Plunged Over 80% In August As U.S. Blockade Persists, Data Shows
Tehran loaded some 260,000 barrels per day so far this month, compared to 1.7 million in the same month of last year.
Iran Says Returning To Diplomacy With The U.S. 'Isn't Impossible.' Trump Says He's Not Interested.
"We ‌don't want to speak to them. We're not looking to meet or anything," Trump said.
The U.S.-Iran War Hit The Six Month Mark. Russia Believes Washington Has Been Weakened By The Conflict.
Different reports have claimed that the U.S. is experiencing severe shortages of equipment and ammunition as a result of its operations against Tehran, particularly in the Strait of Hormuz.
Big Tech Is Again Sounding The Alarm On AI. 116 Companies Unite To Issue A Warning As Threats Accelerate.
OpenAI, Anthropic, Microsoft and Advanced Micro Devices are among the companies and entities that signed the letter.
Anthropic Just Beat The Pentagon In Court. A Judge Said National Security Was Used To Punish Its AI Rules.
Judge Rita Lin said the government violated Anthropic's First Amendment rights and denied the company required due-process protections.

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THE BOTTOM LINE

Trump

Trump's Portfolio Traded Stocks As The Iran War Reshaped Markets. New Disclosure Details More Than 1,000 Transactions.

Among the most notable transactions were trades involving energy companies whose share prices can be affected by developments in the Iran war.

The Spotlight

The massive miss on jobs creation fanned fears about the US economy

The Job Market Is Stable But Workers Say It Feels Frozen: Report

Washington Wants To Limit Chinese AI Models. One Of Them Helped Contain OpenAI's Cyber Incident.

Economy in Focus

'Grand Theft Auto 6' Preview Overwhelms Streaming Platforms. Analysts See Blockbuster Demand Ahead.
The highly anticipated extended look at gameplay for "GTA 6" debuted Thursday, August 27, on Netflix.
- GTA VI Suffers Another Leak. Gameplay Clips Online Appear Ahead of Netflix Premiere.
- Nintendo Stock Jump as 'Pokémon Pokopia' Becomes a Surprise Hit
Warsh Says Fed Could Have 'Work To Do' If Inflation Doesn't Trend Down. Chances Of a Rate Hike Increased.
Warsh said in Jackson Hole that even though recent inflation readings have been "better than expected, they do not tell me that underlying trends have meaningfully improved."
- Warsh Says Inflation Trends Remain High Despite Recent Readings, But Stops Short Of Anticipating Moves From The Fed
- The Ultra-Rich Are Putting More Money Into Stocks. AI Giants Are Among Their Favorite Bets.

Editor's pick

Representation of Ethereum, with its native cryptocurrency ether, is seen in this illustration taken November 29, 2021.

Ether Just Erased Four Months Of Losses. Now $2,465 Is The Level To Watch.

Technical indicators show ether approaching a key resistance level after its sharp rebound, while U.S. spot ether ETFs have also drawn fresh investor money.

Polygon

Contributor

How Polygon's Coinme Acquisition Is Poised to Accelerate the Next Generation of Fintech Super Apps

Polygon's Coinme and Sequence acquisitions aim to build a regulated end-to-end stablecoin payments platform for banks, fintechs and enterprises.

Contributor
How Much Does Spray Foam Insulation Cost in Louisiana? Lane Pace Explains
Discover Louisiana spray foam insulation costs, including open-cell vs. closed-cell pricing, R-values, thickness requirements and climate considerations for homeowners.
Contributor
How Unison Is Helping Homeowners Access Over $11 Trillion in Untapped Home Equity
American homeowners hold $11.7 trillion in tappable home equity. Learn how Unison's Equity Sharing Agreement can provide cash without new monthly payments.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

A Grandy Jury Found Florida Misappropriated Funds Sent To Charity. It Was Run By The Governor's Wife.
The grand jury found that $10 million from a Medicaid settlement in Florida was misappropriated and possibly used for political purposes.
Oil Prices Are Boosting Trump's Investments. The White House Reiterates The Portfolio is Independently Managed.
ChatGPT Chats May Not Stay Private. AI Conversations Are Showing Up in Court.

The Trump Admin. Has a Cozy Relation With Venezuela's Interim Govt. It's Reportedly Closing In On Its Oil Reserves.
The deal would more than double the U.S.'s oil reserves.
Fed and NASA Among Victims of China-Linked Hackers, FBI And DOJ Say
Trump Claimed All Mines Were Removed From The Hormuz Strait. Allies Are Reportedly Not So Sure.

Russian Hackers Used SpaceX's AI Coding Assistant To Conduct Attacks: Report
Gambit Security detailed the attacks in a recently released report.
AI Was Supposed to Eliminate Human Bias. It Is Amplifying It Instead, Harvard Professor Warns
How AI Bias is Impacting Nearly Every Sector of Industry