Five things you need to know before the market opens on Monday, September 25:
1. — stocks hit two-month lows as global markets adjust to ‘higher for longer’ Fed rates
stocks are hovering near two-month lows, with the dollar extending gains and Treasury yields nearing new cycle highs, as markets adjust to the new reality of Fed rates. higher for longer.
2. — Hollywood writers reach tentative agreement with studios; media stocks up
The Writers Guild of America has reached a tentative agreement with Hollywood studios that could end a months-long strike that has paralyzed film and television production.
3. — Government Shutdown Looms as President McCarthy Gives Budget Bill Last Chance
President McCarthy faces a key five-day test to rally his Republican Party and pass a budget bill that will keep the federal government running through the next fiscal year.
4. — Amazon kicks off cloud ai ramp with $4 billion investment in Anthropic
Amazon is looking to close the artificial intelligence gap with its big tech rivals Google and Microsoft with a potential $4 billion investment in San Francisco-based startup Anthropic.
5. — HP plunges as Warren Buffett cuts stake after weak third-quarter earnings
Billionaire investor Warren Buffett continues to cut his stake in PC maker HP following the group’s disappointing third earnings last month.
