Market News Today — AI-Curated Stock & Crypto Headlines

India received a record $127 billion in remittances from its diaspora in a single year, exceeding expectations and providing the central bank with additional foreign exchange reserves to support the Indian rupee.

The article reports that market expectations for a Federal Reserve rate hike in September have increased to 60%-68%, significantly reducing the odds of a rate cut.

Chevron announced a $7 billion investment plan to expand its oil operations in Venezuela's Orinoco Belt, following a U.S.

Nvidia's CEO Jensen Huang urged the G20 to accelerate AI adoption as a driver of economic growth, framing AI as a critical technology for future productivity and competitiveness.

Peru's August inflation exceeded expectations, reaching the highest level since 2023, driven by housing and utilities costs such as electricity and gas.

India's state-owned ONGC reports that spot crude oil imports are primarily driven by price competitiveness rather than geopolitical or policy factors, with term crude volumes declining.

U.S.

Eurozone inflation increased to 3.3% in August, driven by higher energy prices, which has led to expectations that the European Central Bank (ECB) will raise interest rates next week.

The 30-year US Treasury bond yield has remained elevated for an extended period, marking its worst stretch since 2006.

Gold prices declined over two days as geopolitical tensions between the US and Iran escalated, increasing concerns that higher energy costs could fuel inflation and prompt the Federal Reserve to raise interest rates.

A shockingly weak July jobs report revealed a 23,000 decrease in payrolls, significantly lowering the odds of a September Fed rate hike, which in turn has led to a rally in S&P 500 futures.

Cleveland Fed President Beth Hammack, a voting FOMC member, stated that inflation has become a broad-based problem.