Market Snacks

Fed Rate-Cut Bets Ahead of Jobs Report, SSENSE Bankruptcy Amid De Minimis Rule Change, Alibaba’s AI Cloud Growth Amid Price War


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Introduction:
In this episode, we explore three compelling stories shaping today’s markets. First, investors are anxiously awaiting the August US employment report, a key indicator that could influence Federal Reserve interest rate decisions amid concerns over the Fed’s independence following a high-profile lawsuit. Next, Canadian luxury retailer SSENSE has filed for bankruptcy protection after the removal of the US de minimis exemption disrupted its cross-border trade, forcing the company into a lender-driven sale process. Finally, we examine Alibaba’s latest quarterly performance, where fierce competition and cautious consumer spending weighed on its e-commerce revenue, yet its AI-driven cloud business surged by 26 percent, highlighting the company’s strategic pivot to long-term growth.
Content and Timestamp:
00:00:24 US Jobs Data to Test Rate-Cut Hopes as Wall Street Rallies
00:03:40 Canadian Luxury Retailer SSENSE Files for Bankruptcy Amid US Tariff Changes
00:06:44 Alibaba's Mixed Fortunes: AI Fuels Cloud Growth Amidst E-commerce Headwinds
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