SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Bonefish who wrote (1556287)9/2/2025 10:40:54 AM
From: sylvester802 Recommendations

Recommended By
pocotrader
Tenchusatsu

  Read Replies (1) | Respond to of 1577843
 
WALL STREET IMPLODES UNDER PRESSURE FOR THE BOND MARKET AS INTEREST RATES ROCKET
Story by STAN CHOE
8h
3 min read

NEW YORK (AP) — Wall Street is pulling further from its records on Tuesday, ground down by tightening pressure from the bond market.

The S&P 500 sank 0.9% after falling as much as 1.4% at the start of trading. The Dow Jones Industrial Average was down 305 points, or 0.7%, as of 10:10 a.m. Eastern time, and the Nasdaq composite was down 1.1%. All three are still relatively close to their recently set all-time highs.

Nvidia and other companies that have benefited from the frenzy around artificial-intelligence technology were some of the heaviest weights on the market. They have soared for years on belief that they’re at the vanguard of the next revolution for the global economy. But they’ve also shot so high that critics say their prices have simply become too expensive.

Nvidia, whose chips are powering much of the move into AI, fell 2.1%.

Other losing Big Tech stocks included Amazon, which fell 1.9%, and Alphabet, which sank 1.8%.

The overall stock market was feeling pressure from rising yields in the bond market, where the 10-year Treasury yield climbed to 4.26% from 4.23% late Friday. When bonds are paying more in interest, investors are less willing to pay high prices for stocks.

Longer-term bond yields are on the rise around the world, in part because of worries about how difficult it will be for governments to repay their growing mountains of debt.

In the United States, longer-term Treasury yields are feeling added pressure from President Donald Trump’s attacks on the Federal Reserve for not cutting interest rates sooner. The fear is that a less independent Fed will be less likely to make the unpopular decisions needed to keep inflation under control, such as keeping short-term interest rates higher than investors would like.

Tuesday was also the first opportunity for trading in the U.S. Treasury market after a federal appeals court ruled that Trump overstepped his legal authority when announcing sweeping tariffs on almost every country on Earth, though it left the tariffs in place for now. While the tariffs have created confusion and may have hurt the U.S. job market, they also have brought in revenue that could help the U.S. government pay some of its debt.

In another signal about increasing worries in financial markets, the price of gold rose 1.1% and was near its record. The metal has often provided a haven for investors in times of uncertainty.

Treasury yields did trim their gains a bit after a report said U.S. manufacturing contracted by more last month than economists expected. Many companies told the Institute for Supply Management's survey that tariffs are continuing to make conditions chaotic.

“Too much uncertainty for us and our customers regarding tariffs and the U.S./global economy,” said one company in the chemical products industry said, while noting that orders across most product lines have weakened.

The worse-than-expected report could give the Federal Reserve more leeway to cut its main interest rate for the first time this year at its next meeting in a couple of weeks. That in turn helped stock prices trim their losses.

On Wall Street, Constellation Brands tumbled 6.8% after the beer, wine and spirits company warned that it’s seen a slowdown in purchases of its high-end beers, particularly among its Hispanic customers. That pushed it to slash its forecast for profit this fiscal year.

Kraft Heinz fell 3.5% after announcing that it’s splitting into two, a decade after a merger of the brands created one of the biggest food companies on the planet.

One of the companies will include shelf stable meals and include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include the Oscar Mayer, Kraft Singles and Lunchables brands. The official names of the two companies will be released later.

Among the market’s few gainers was PepsiCo, which rose 2.9% after an investment firm said it sent suggestions to the company’s board to reaccelerate its growth and boost financial performance. The investor, Elliott Management, has a history of buying into companies and then pushing for big changes that can lead to better stock performance.

In stock markets abroad, indexes slumped across Europe, with Germany’s DAX losing 1.7%. That was after a more mixed finish in Asia, where indexes rose 0.9% in Seoul but fell 0.5% in Hong Kong.



To: Bonefish who wrote (1556287)9/2/2025 10:43:25 AM
From: sylvester802 Recommendations

Recommended By
pocotrader
Tenchusatsu

  Read Replies (3) | Respond to of 1577843
 
LOSER CRIMINAL POS trump: Use of federal troops in LA IS UNLAWFUL, judge says

Story by Peter Charalambous
24m
2 min read

The Trump administration's use of federal troops in Los Angeles to conduct law enforcement operations is unlawful, a federal judge ruled on Tuesday.

U.S. District Judge Charles Breyer issued an order prohibiting troops from engaging in security patrols, riot control, arrests, searches and crowd control. The order does not take effect until Sept. 12 to allow the Trump administration to appeal.

MORE: 54 shot over weekend in Chicago as governor rejects Trump's threat to send in National GuardBreyer said the use of federal troops effectively created a "national police force with the president as its chief" and violated the Posse Comitatus Act.

"The evidence at trial established that Defendants systematically used armed soldiers (whose identity was often obscured by protective armor) and military vehicles to set up protective perimeters and traffic blockades, engage in crowd control, and otherwise demonstrate a military presence in and around Los Angeles. In short, Defendants violated the Posse Comitatus Act," Breyer wrote.

The 1878 Posse Comitatus Act limits the military from being involved in civilian law enforcement unless Congress approves it or under circumstances "expressly authorized by the Constitution."

One exception is the Insurrection Act, a 218-year-old law signed by President Thomas Jefferson.

The Insurrection Act states, in part: "Whenever there is an insurrection in any State against its government, the President may, upon the request of its legislature or of its governor if the legislature cannot be convened, call into Federal service such of the militia of the other States, in the number requested by that State, and use such of the armed forces, as he considers necessary to suppress the insurrection."

Another provision states it can be used "whenever the President considers that unlawful obstructions, combinations, or assemblages, or rebellion against the authority of the United States, make it impracticable to enforce the laws of the United States in any State by the ordinary course of judicial proceedings."

MORE: Noem says nothing’s off the table regarding more National Guard deploymentsThe ruling on Tuesday sets the stage for a high-profile appeal, as the Trump administration ramps up the use of the federal troops in other U.S. cities, including threats to do so in Chicago.

Breyer issued his decision after holding a three-day trial last month featuring testimony from military leadership about the ongoing operations in the Los Angeles area.

In June, Breyer also ruled President Donald Trump lacked the authority under the Insurrection Act to federalize the National Guard, concluding that the immigration protests in the city failed to meet the criteria of a "rebellion."

ABC News' Alexandra Hutzler contributed to this report.

This is a developing story. Please check back for updates.