Nvidia has ordered suppliers to halt production of its H20 AI chips destined for the Chinese market, according to The Information citing anonymous sources. The move affects manufacturing supply lines for that specific product. #Nvidia #China #FiatNews

Federal Reserve chair Jerome Powell signaled possible rate cuts at the Jackson Hole symposium, sending US equities higher: Dow was up nearly 2%, S&P 500 rose ~1.6% and Nasdaq 100 about 1.8%. Treasury yields and the dollar fell; gold reversed to add ~1% to $3,375/oz. JPY weakened; CZK moved to 20.9 CZK/USD and ~24.50 CZK/EUR. #Fed #JacksonHole #USD #FiatNews

Federal Reserve Chair Jerome Powell, speaking Friday at the Jackson Hole symposium, signaled the possibility of future interest-rate cuts, which spurred a broad rally in U.S. stocks and pushed Treasury yields and the dollar lower. The Dow Jones rose as much as 1.7%, the S&P 500 gained about 1.4% and the Nasdaq 100 added roughly 1.6% after his remarks. Powell said that "the stability of the unemployment rate and other labor-market indicators allows us to proceed cautiously in considering changes to our policy stance," while noting that "with policy in restrictive territory, the fundamental outlook and shifting balance of risks may require an adjustment to our policy stance." The Fed currently holds rates in a 4.25–4.50% range, and markets have been anticipating potential cuts in September. He described the labor market as in an "odd kind of balance" driven by a marked slowdown in both the supply of and demand for workers, citing July employment data that showed recent job growth was weaker than previously reported. Powell warned that downside risks to employment are rising: "If those risks materialize, they could do so quickly in the form of sharply larger layoffs and rising unemployment." On tariffs, he said a "reasonable baseline" is that their effect would be short‑lived—a one‑time shift in the price level—while acknowledging ongoing uncertainty about timing and transmission. #Fed #Powell #S&P500 #DowJones #Nasdaq100 #FiatNews

U.S. President Donald Trump has publicly pressed for Federal Reserve Governor Lisa Cook to resign, saying on social media she "must resign, right now!!!" If Cook stepped down, Trump could potentially secure a 4-of-7 majority on the Fed’s Board of Governors — increasing White House influence over the central bank but not guaranteeing control over interest-rate decisions. Cook’s term runs through 2038; she has said she will not be forced out, adding: "As a member of the Federal Reserve, I intend to take any questions about my financial history seriously, and I am gathering accurate information so I can answer any legitimate questions and provide the facts." The call for Cook’s resignation followed allegations by the director of the Federal Housing Finance Agency, Bill Pulte, who told Bloomberg there was "a tip we received" that prompted him to file a complaint; he said his office routinely refers mortgage-fraud tips for investigation. Economists warn the push reflects a broader effort by the administration to increase control over the Fed, a body traditionally insulated from political pressure. Claudia Sahm described it as a renewed attempt to use every lever to gain influence. Even if Trump filled four governor seats, he would still not automatically dictate policy: interest-rate decisions are made by the 12-member Federal Open Market Committee (FOMC). All seven governors and the New York Fed president have permanent votes; the other four votes rotate among regional Fed presidents. Former Fed economist William B. English said it remains unclear whether a new chair would command a FOMC majority for significantly looser policy. Meanwhile, Fed figures appointed by Trump — Michelle Bowman and Christopher Waller — have shown independent streaks, and Waller has stressed the need for central-bank independence and credibility. #Fed #LisaCook #FOMC #Trump #FiatNews

Japan released inflation data showing a mild slowdown in the rate of inflation. The print adds a regional data point, but global markets are primarily focused on Powell's Jackson Hole speech for direction on U.S. monetary policy. #FiatNews

In light of the risks, Bannister recommends shifting toward more defensive sectors, notably healthcare and select consumer staples, which have so far seen less investor interest. #healthcare #consumergoods #FiatNews

Stifel strategist Barry Bannister warned of a potential economic slowdown in H2 and said large tech companies are cyclical. He flagged stagflation risk if inflation stays near 3% and expects a market correction, suggesting the S&P 500 could fall by up to 1,000 points; he urged caution, especially for retail investors. #SP500 #stocks #FiatNews

Mohamed El‑Erian criticized the Fed's heavy reliance on incoming data amid mixed CPI and PPI signals and said the current Fed lacks a strategic outlook. He argued the Fed should have cut rates in July, cautioned that 2% is not a good inflation target, and has advocated informally raising the target. #Fed #inflation #FiatNews

Sam Altman warned the "AI market is in a bubble" on CNBC, but Wedbush's Dan Ives says AI is still in its early phase. Ives expects a tech bull market over the next two–three years as AI benefits begin to show in public companies' results, though some private‑market froth exists. #AI #OpenAI #FiatNews

Goldman Sachs identifies a widening valuation gap: price-to-earnings ratios for the cap‑weighted index have moved toward prior highs, while the equal‑weighted index—which removes large‑cap influence—remains well below 2020 records, highlighting divergence in market leadership. #valuation #Goldman #FiatNews