The Rundown Oracle Stock on Pace for Best Day Since 1992, Klarna Set to Make IPO Debut
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Sep 10, 2025 The stock market is buzzing with record highs for the S&P 500 and NASDAQ, despite a dip in job growth. The excitement around Apple's new products, including the iPhone Air, contrasts with a tepid market reaction. Klarna is gearing up for its IPO debut, while Oracle's stock is surging thanks to AI-driven demand in cloud infrastructure. Additionally, tech faces challenges from U.S. export restrictions, and prediction markets are gaining traction, potentially shaking up traditional sports betting.
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Labor Market Weakness Signals Imminent Rate Cut
- The BLS revised job gains down by 911,000, showing the economy added just 847,000 jobs over 12 months instead of 1.8 million.
- This steep revision signals a weakening labor market and makes a Fed rate cut at next week's meeting very likely.
Monitor The Fast-Tracked Tariff Case
- Watch the Supreme Court's expedited review of Trump's tariff case because it could force the Treasury to refund up to $1 trillion.
- Stay alert for November oral arguments since the ruling will materially affect trade policy and government finances.
Wholesale Prices Fell Unexpectedly
- The August PPI fell 0.1% versus an expected 0.3% rise, surprising economists and easing inflation pressures.
- This drop increases the likelihood the Fed can cut rates aggressively soon.