Tonight’s Highlights | US August PPI Below Expectations, Major Futures Indices Rise Collectively
Pre-market data shows that the US August Producer Price Index (PPI) rose 2.6% year-over-year, below the expected 3.3%, and fell 0.1% month-over-month, against an expected 0.3% increase.
The US August core PPI rose 2.8% year-over-year, below the expected 3.5%, and declined 0.1% month-over-month, against an expected 0.3% rise.
In the previous trading session, all three major US indices hit new closing highs, a first for the year.
Art Hogan, chief market strategist at B. Riley Wealth Management, said before the PPI data release that if the figures align with expectations, the Federal Reserve will likely cut rates again at its September meeting.
He added, “Inflation data in the coming days would need to be significantly higher than expected to shift the market consensus on a September rate cut.”
Oracle surged over 30% in pre-market trading after releasing highly optimistic cloud revenue forecasts, having signed four multi-billion-dollar contracts in the last quarter.
A judge ruled late Tuesday that Federal Reserve Governor Lisa Cook can temporarily continue her tenure, allowing her to vote at the September 16-17 policy meeting. Her lawsuit against President Trump’s dismissal decision remains ongoing.
The US Supreme Court agreed late Tuesday to hear the Trump administration’s defense for maintaining comprehensive “reciprocal tariffs.”
Corporate News
Microsoft to Require Employees to Work in Office at Least Three Days a Week Starting Next Year
Microsoft posted a blog on September 9 stating that starting next year, employees will be required to work in the office at least three days a week.
Microsoft’s Chief People Officer Amy Coleman said the policy will roll out in three phases: first for employees in the Puget Sound region, then for other US office locations, and finally for international staff.
AWS Launches Amazon Graviton4 Instances in China Regions
AWS announced, through close collaboration with Sinnet and West Data, the launch of Amazon Elastic Compute Cloud (Amazon EC2) C8g, M8g, and R8g instances powered by the next-generation Amazon Graviton4 processor in the AWS (Beijing) and AWS (Ningxia) regions.
These are optimized for various workloads. Compared to the Amazon Graviton3, the Graviton4 offers a 30% performance boost, 50% more independent cores, and 75% higher memory bandwidth.
OpenAI Officially Establishes Office in South Korea
On September 10, OpenAI officially announced the opening of an office in South Korea, its third in Asia.
Faraday Future Completes Nasdaq One-Year Compliance Period, Restores Normal Listing Status
On September 10, Faraday Future announced it has successfully completed all compliance items during its one-year Nasdaq monitoring period, marking the restoration of its normal listed company status.
Novo Nordisk Plans Global Layoffs of Nearly 9,000
Novo Nordisk announced on September 10 a company-wide transformation to streamline its structure, accelerate decision-making, and reallocate resources to growth opportunities in diabetes and obesity.
As part of this, the company plans to cut approximately 9,000 jobs globally , including about 5,000 in Denmark. The move is expected to save 8 billion Danish kroner annually by the end of 2026.
TSMC: August Sales Reach 33.57 Billion NTD, Up 33.8% Year-on-Year
TSMC’s revenue report on September 10 showed August 2025 sales of 33.57 billion NTD, a 33.8% year-on-year increase and 3.9% month-on-month rise. Cumulative sales from January to August totaled 2.43 trillion NTD, up 37.1% year-on-year.