Bonds & Stocks
US stock futures pointed to a strong open on Wall Street ahead of key earnings from Nvidia Corp. that could help reignite the artificial intelligence-driven rally. Shares in Nvidia, the top provider of chips used in new AI computers, rose as much as 3% in US premarket trading. Contracts on the Nasdaq 100 climbed about 0.8% while those on the S&P 500 gained 0.5%.
Economy
Elon Musk has said his so-called Department of Government Efficiency is trying to make the US government more efficient. But an increasing number of Americans—and Democrats especially—see his rampage across Washington as destructive. Now there may be broader consequences to the multibillionaire’s “move fast and break things” strategy: a US government shutdown.
World
China plans to start re-capitalizing three of its biggest banks in coming months, according to people familiar with the matter, following through on a broad stimulus package unveiled last year to shore up the struggling economy.