Mark Fell

US stocks fell sharply, marking their worst day since July, as fresh signs of worsening inflation rattled investors. Traders sold across major indexes, worried that persistent price pressures could keep interest rates higher for longer. The sell-off reignited debate over how long the Federal Reserve can hold its current stance and whether markets have underestimated inflation risks.

Bitcoin briefly fell below the $80,000 mark amid broad market volatility, according to Bloomberg. The dip puts the cryptocurrency at its lowest levels in recent months and adds to pressure on digital assets as investors weigh risk appetite across global markets. Traders are watching whether the psychological $80,000 level holds, with broader macro uncertainty cited as a key driver of the swings.

Bitcoin has dropped below the $80,000 mark, a level watched closely by traders, prompting questions about what triggered the selloff. Analysts are weighing factors such as profit-taking, waning institutional demand and broader risk-off sentiment across financial markets. The decline marks a significant pullback for the cryptocurrency, and investors are watching whether further losses follow or buyers step in.

Global equities fell as a sell-off in artificial intelligence-related shares pushed investors toward the safety of government bonds. The rout in AI-linked stocks weighed on broader indexes, with traders rotating out of risky assets and into fixed income. Markets are watching whether the pullback marks a lasting correction in the AI trade or a temporary shakeout.

Shares of Nvidia, AMD and Micron fell as a sell-off in AI-linked stocks deepened, extending pressure on the sector's biggest winners. The declines hit chipmakers at the centre of the artificial intelligence boom, and investors are watching whether the pullback marks a broader rotation out of AI trades or a temporary correction in an extended rally.

Bitcoin fell briefly below the $80,000 mark after the release of new inflation data that came in hotter than expected. The drop adds to pressure on risk assets, as persistent inflation reduces expectations of interest rate cuts and weighs on investor appetite for cryptocurrencies. Traders are watching whether the world's largest cryptocurrency can recover the key level.

Markets fell sharply as small-cap stocks officially entered a correction, dragging broader indexes lower under heavy selling pressure. Investor's Business Daily reports the downturn is now a genuine correction for smaller companies rather than a routine pullback. Traders are weighing how deep the weakness in smaller firms could spread to the wider market.

American workers are effectively earning less: average hourly earnings adjusted for inflation fell 0.5% in August and were down 0.7% from a year earlier, marking the sixth consecutive decline. With inflation running high while nominal wage growth stalls, paychecks are buying less every month, fueling concern about the squeeze on household incomes and the broader cost-of-living pressure facing US families.

Shares of Micron, SoftBank and ASML fell on Wall Street as a sell-off in semiconductor stocks broadened beyond individual names. The declines suggest investors are pulling back across the chip sector, hitting memory makers, equipment suppliers and tech investors alike. Traders are watching whether the rout marks a deeper correction in stocks that had driven much of this year's technology rally.

The Los Angeles Rams fell to the Buffalo Bills in a wild overtime defeat, with the team's ongoing special teams problems once again proving costly. The loss extends a pattern of breakdowns in the kicking and return game that has plagued the Rams, and the dramatic finish is fueling debate about whether these repeated lapses could derail their season.

Former Greek finance minister Yanis Varoufakis and economist Wolfgang Munchau argue that a political crisis in France marks the start of wider instability across Europe. In a joint discussion, the two frame recent French government turmoil as the opening move in a chain reaction that could reshape eurozone politics, and reactions online are heavily divided over how serious the warning is.

Bitcoin has fallen to around $81,000, with Ethereum dropping to roughly $2,400, marking a notable decline for the two largest cryptocurrencies. The broader crypto market is reacting to the sell-off, with traders watching for further losses and assessing what triggered the downturn.