US safety regulator NHTSA opened a formal probe into roughly 1,000 Tesla Cybercabs launched on Austin streets, targeting vehicles that lack steering wheels, brake pedals, and mirrors required under current federal safety standards.
Posted inMarkets
Bitcoin Climbs 5.6% to $80,841 as Waller Rate-Hold Signal Sparks $440 Million Short Liquidation
Bitcoin jumped 5.6% to $80,841 on September 4 after Fed Governor Waller hinted at a possible September rate hold, triggering more than $440 million in short liquidations and lifting crypto equities sharply.
Posted inEconomy
August Payrolls Triple Estimates at 162,000, Pushing September Fed Hike Odds Higher
US employers added 162,000 jobs in August, more than tripling the 53,000 consensus estimate, with the unemployment rate steady at 4.1% and markets tilting back toward a September Federal Reserve rate increase.
Posted inGeopolitics
China’s Rare Earth Firms Halt US Shipments as Xi’s Washington Visit Approaches
Chinese rare earth suppliers have refused to ship yttrium, terbium, and gallium to US companies since early August, keeping prices near record highs and complicating diplomacy ahead of Xi Jinping’s September 24 Washington visit.
Posted inWorld
Germany’s AfD Polls Above 40% in Saxony-Anhalt on the Eve of Sunday’s Vote
Germany’s far-right AfD is polling above 40% in Saxony-Anhalt ahead of Sunday’s state election, placing it within reach of an outright majority unprecedented in postwar German politics.
Posted inTech
Judge Orders Google to End Rigged Ad Auctions but Rejects DOJ Demand to Break Up AdX
US District Judge Leonie Brinkema ruled on September 2 that Google must stop self-preferencing in digital ad auctions but declined the Justice Department’s request to force a divestiture of the company’s core ad exchange.
Posted inMarkets
Wall Street Snaps Its September Slump as Waller Signals Willingness to Hold Rates
The Dow Jones rose 635 points on Thursday and the S&P 500 added 1 percent as Fed Governor Christopher Waller said he would support holding rates steady if inflation progress continues, halving hike odds.
Posted inEconomy
August Payrolls Due as Waller’s Rate-Hold Signal Cuts Fed Hike Bets to Coin-Flip Odds
The US August nonfarm payrolls report is due Friday at 8:30 AM ET, with economists projecting 53,000 new jobs after July’s contraction and ADP’s weakest private hiring reading since January.
Posted inGeopolitics
Putin Brands Zelenskyy a Terrorist as Russia Fires 174 Drones at Kyiv, Odesa and Dnipro
Russia launched its largest overnight drone barrage in weeks on September 2, killing one and wounding more than a dozen across three Ukrainian cities, as Putin refused to rule out striking British military facilities.
Posted inWorld
Beijing Seeks New Mideast Security Architecture During Xi’s First Cairo Visit in a Decade
Xi Jinping visited Egypt for the first time since 2016, signing economic agreements and urging Middle Eastern nations to oppose external interference and reshape the region’s security order.