News Highlights: Top Global Markets News of the Day - Tuesday at 1 PM ET

Fed Backpedals on Plan to Increase Big Bank Capital 
 

Banks spent over a year fighting earlier proposals that would have raised some banks' capital buffers by nearly 20%.

 
Dow Slips; Oil Comes Under Fresh Pressure 
 

Investors are regrouping after the past few days' rollercoaster ride for markets. Stocks were modestly lower, while big events and data releases loom.

 
Bank of Canada's Macklem Says Deeper Cuts Might Be Warranted If Economy Disappoints 
 

Deeper interest-rate cuts in Canada could be warranted should growth weaken further, says Bank of Canada Gov. Tiff Macklem-a scenario some economists believe will unfold in the coming months.

 
U.S. bankruptcy filings spiked in August after slowdown in July 
 

U.S. bankruptcy filings spiked in August after a slowdown in July, propelling the total for the first eight months of the year to the highest level since 2020 and second-highest since 2010, S&P Global Market Intelligence said Monday.

 
U.S. Incomes Climbed Last Year, Census Bureau Says 
 

Household incomes rose 4% from 2022 to 2023, the first rise since the start of the Covid-19 pandemic.

 
OPEC Trims Oil Demand Outlook Further Amid Price Slump 
 

OPEC slightly cut its forecast for oil-demand growth after delaying its planned output hikes last week in a bid to support sinking prices.

 
Bonds Signal Largest Rate Cuts Since '08 Crisis. What It Means for the Stock Market. 
 

The 2-year Treasury yield was the furthest below the effective federal-funds rate since January 2008 on Friday.

 
The Shadow Dollar That's Fueling the Financial Underworld 
 

The cryptocurrency tether enables a parallel economy that operates beyond the reach of U.S. law enforcement.

 
Don't Count the Mag 7 Out. And Another Market Tidbit That Might Make Your Day. 
 

Lumpiness could be the new norm for the tech sector, but it doesn't pay to bet against tech for the long term.

 
10 Stocks to Own if Democrats or Republicans Win Big in November 
 

Oppenheimer made a list of stocks that stand to benefit most if either party manages a sweep-and actually puts its agenda into practice.

(END) Dow Jones Newswires

September 10, 2024 13:15 ET (17:15 GMT)

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