Indonesia Surprise Cut to Boost Growth and Markets, Analysts Say
The Jakarta Composite Index extended gains to 1% after the rate decision, while the benchmark bond yield erased earlier advances, slipping to 6.4%. The rupiah held earlier losses, closing 0.2% lower at 16,270 per dollar.
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Mexico's inflation seen picking up in first half of August: Reuters poll
MEXICO CITY (Reuters) -Mexico's headline inflation likely rebounded in the first half of August underpinning prospects that the central bank would cut its key interest rate again, even though the rate remained within the official target, a Reuters poll showed on Wednesday. The median forecast from 14 participants saw the annual headline inflation rate reaching 3.66%, up from 3.48% in the second half of July. The central bank targets inflation of 3% plus or minus one percentage point. The core inflation rate, which strips out highly volatile items and is considered a better measure of the price trajectory, was however estimated to have sped up to 4.27% annually, from the prior figure of 4.22%. The Bank of Mexico slowed its pace of monetary easing earlier in August, cutting its benchmark interest rate by 25 basis points to 7.75% - its lowest level in three years. The minutes of that meeting, where one of the five governing board members voted to keep rates unchanged, are due for release on Thursday, and are expected to shed light on the bank's next moves. The market expects the key rate to end 2025 at 7.50% as Mexico's economy faces weak growth punctuated by the uncertainty surrounding U.S. President Donald Trump's trade policies. Compared with the previous two-week period, consumer prices would have according to estimates risen by 0.12%, while the core index is forecast to have increased 0.14%, according to the poll. Mexico's national statistics institute is set to releaste inflation data on Friday. Inicia sesión para acceder a tu cartera de valores
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Why Taiwan Semiconductor Stock Tumbled Today
Key Points The U.S. government wants to take a 10% stake in Intel. It also wants to convert the free grant money that it already promised Intel into payment for Intel shares. The government may do the same thing to TSMC. 10 stocks we like better than Taiwan Semiconductor Manufacturing › Contract semiconductor manufacturer Taiwan Semiconductor Manufacturing (NYSE: TSM) stock slid 2.2% through 12:22 p.m. ET Wednesday. Why? As you may have heard by now, President Trump is planning to take an equity stake in Intel (NASDAQ: INTC). All the cool kids are doing it Following passage of the Biden administration's CHIPS Act supporting the U.S. semiconductor industry, Intel was awarded $10.9 billion in grants. But as Bloomberg reports, the Trump White House is now negotiating with Intel to convert those grants into a 10% stake in Intel stock. But Intel wasn't alone in winning CHIPS Act grants. As CNBC points out, Taiwan Semiconductor (TSMC) was awarded $6.6 billion in U.S. government semiconductor subsidies. And now it seems U.S. Commerce Secretary Howard Lutnick may want to convert that grant into an equity stake as well. What does this mean for Taiwan Semiconductor Manufacturing stock? That's the question investors are pondering today: What does this mean for TSMC? If Commerce converts its $6.6 billion grant into a $6.6 billion investment in TSMC stock, it will effectively remove $6.6 billion in "free money" from TSMC's balance sheet. But TSMC would still get to keep the $6.6 billion -- in exchange for handing shares over to the government. It might also be better positioned to win further government subsidies. But what if the rumors prove false? What if the government invests only in Intel, and not in TSMC? That would seem to give the government a big incentive to make sure Intel "wins" the semiconductor market, perhaps at TSMC's expense. This is bad news for TSMC. Should you invest $1,000 in Taiwan Semiconductor Manufacturing right now? Before you buy stock in Taiwan Semiconductor Manufacturing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Taiwan Semiconductor Manufacturing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $654,781!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,076,588!* Now, it's worth noting Stock Advisor's total average return is 1,055% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intel and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: short August 2025 $24 calls on Intel. The Motley Fool has a disclosure policy. Why Taiwan Semiconductor Stock Tumbled Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Wall Street bosses want junior bankers to come clean about PE jobs. It won't be easy.
Big banks are cracking down on entry-level workers with covert private equity jobs. Citing conflicts of interest, they are asking junior bankers to disclose future-dated job. Experts warn that this approach could encourage secrecy and undermine retention. Big banks are cracking down on junior bankers with covert private equity jobs — but experts warn that their approach may drive secrecy further underground. To guard against private equity firms poaching junior talent, investment banks are requiring analysts to disclose in writing if they've accepted future-dated jobs. While each bank's policy is different, juniors who confess to having a PE job may be terminated, moved to another team or division, or taken off certain deals — consequences that could encourage ambitious young bankers to clam up and undermine banks' efforts to retain them. "These are smart people. Their cognitive calculus is always working," said Maurice "Mo" Cayer, an organizational psychologist and lecturer at the University of New Haven. Young bankers facing termination for accepting PE jobs might think, "If I get caught, I'll lose my job. Well, I'll lose my job anyway," Cayer added. The banks declined to comment. Redeployment could also backfire if the moves are viewed as demotions. "As long as they're still doing the job they were hired for and they're not relocating them to a different geography or a different vertical, that's okay," said Kate Morgan, founder and CEO of Boston Human Capital Partners, a talent acquisition and HR consulting firm. Anything short of that could result in bankers playing it safe, she said. Even bankers who stay on the M&A track may have reason to worry, said Anthony Keizner, cofounder of Wall Street recruiting firm Odyssey Search Partners. "The bigger thing that the bankers are worried about is if you tell them you're leaving, then you're less likely to be considered for the most high-profile deals, and it could affect the way you're rated, and it could affect your bonus," he said. Meanwhile, the attestations don't seem to be deterring young bankers from their buyside ambitions, according to Keizner, whose recruiting firm has surveyed about 1,100 first-year bankers in the past few weeks. In describing the early findings, he said many of them are concerned about the situation and "unsure how to proceed" — but only "a tiny proportion" said they're planning to not participate in PE recruiting because of policy changes at their banks. Questioning conflicts Banks have said the attestations are necessary to protect against conflicts of interest that can arise as a result of private equity recruiting tactics, which seek to hire junior bankers for jobs that won't start for two years, after they have been trained by the banks. That means a junior banker could be assigned to work on a deal involving a future employer. The people who spoke to Business Insider, however, questioned the ambiguity of this argument. "What does it mean to avoid conflicts?" Keizner said, adding, "Say you accept a role at PE firm X. Does it mean you can't work on something related to PE firm Y? Or can you not work on a deal for a company where PE firm X has a portfolio company that's competitive to it?" "Just because you've accepted a role at the PE firm in 18 months' time, it's not like you're privy to their deal pipeline or you've got the team on speed dial," he added. Morgan also warned that prioritizing hard-to-control compliance issues could hurt retention. "They're going to always feel like the banks are now gatekeeping their ambition," she said of junior bankers. "They are sort of saying, 'we don't trust you,'" she added of the banks. A New York-based private equity employee who was previously an investment banker agreed that banks are sending the message that "analysts owe the firm their underlying loyalty." "To me personally, it wouldn't mean anything," she said, adding, "People will continue to recruit regardless." For now, banks don't have much to worry about because private equity recruiting has largely stalled. "I don't think any of the participants nor firms know exactly where this is all headed," Keizner said, adding. "Everyone is watching and waiting to see how the pieces will come together." When and if it resumes, the attestations could prevent some young bankers from participating, said Cayer. "There are a lot of good Boy Scouts," he said, adding, "They've studied hard. They're conscientious people." "If the bankers won't show up because they're too scared or being seriously restricted from doing so — well that would be a big problem. That really would put a stick in the spokes of the system. But my sense is that we are not at that stage," Keizner said. "I think the bankers will still want to interview. The PE firms still want to hire," he added. "Yes, it's going a little later, but certainly based on what we've seen so far, it's going to continue happening." Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
