General Wire › 2 Sep 2026
Daily brief
General Wire — 2 September 2026
A global bond selloff drives 30-year Treasury yields to a 19-year high and Japan's to levels unseen since 1996, hardening September rate-hike bets at the Fed, ECB and RBNZ. Apple sets John Ternus's target pay at $58m, Uber cuts 3,300 jobs, and China alone blocks a G20 communique. Nvidia closes in on a $14bn deal for Hugging Face.
Business
Sourced from Bloomberg and The Economist’s Business in Brief.
Apple set new chief executive John Ternus’s fiscal-2027 target pay at about $58 million — a $3 million salary plus $55 million in mostly performance-based stock — while Tim Cook moves to executive chairman on roughly $47 million. — Bloomberg
Uber is cutting about 3,300 jobs, roughly 10% of its workforce, in a reorganisation aimed at stripping out management layers. — Bloomberg
Economics
Sourced from Bloomberg’s Evening Briefing Asia and Markets Daily, and The Economist.
A deepening global bond selloff pushed 30-year Treasury yields to about 5.28% — a 19-year high that wiped out the drop after Scott Bessent expanded debt buybacks — while Japan’s 10-year yield hit 3% for the first time since 1996 and German bunds reached 3.39%. — Bloomberg · The Economist
Traders now price a September rate hike at better than even odds for three major central banks — around 70% for the Fed — after New Zealand delivered back-to-back increases to 2.75% and the ECB’s Joachim Nagel signalled a hike next week. — Bloomberg · Bloomberg
The G20 finance ministers’ meeting in Asheville ended without a joint communique after China alone rejected language criticising “excessive and persistent external surpluses”; the other 19 members backed a chair’s statement. — Bloomberg
Finance
Sourced from Bloomberg’s Markets Daily and Evening Briefing Asia, and The Economic Times.
Bond traders piled into hedges against further Treasury losses as Wells Fargo and Citadel Securities’ Scott Rubner turned cautious on equities, advising clients to trim exposure and buy cheap protection. — Bloomberg
Indian 10-year bond yields briefly topped 7% for the first time in three months as the global debt selloff and higher oil prices hit Mumbai; the Sensex fell nearly 750 points and the Nifty slipped below 23,850. — The Economic Times
Gold-mining stocks capped their best August in decades as a “debasement trade” drew investors wary of rising government debt. — Bloomberg
Politics
Sourced from Bloomberg’s Morning Briefing Americas and Evening Briefing Asia.
The US carried out a second round of strikes on Iran within three days, targeting radar and mine-laying capability along the southern coast; Iran fired drones and missiles at US bases and accused Washington of hitting a wedding, killing five. — Bloomberg · Bloomberg
Senator Ed Markey won Massachusetts’ Democratic Senate primary, defeating former Marine Seth Moulton and extending progressive momentum after Abdul El-Sayed’s Michigan win. — Bloomberg
Volodymyr Zelenskyy threatened to use drones to shut down air traffic over western Russia if Moscow keeps striking Ukrainian infrastructure. — Bloomberg
Tech / AI
Sourced from Bloomberg’s Morning Briefing Americas and Evening Briefing Asia.
Nvidia is in advanced talks to buy AI-model hub Hugging Face for about $14 billion, a deal that could close this week and include a $1 billion employee-retention package. — Bloomberg
AI coding startup Cognition is set to raise around $1 billion at a $47 billion valuation. — Bloomberg
PwC projects global data-center spending will reach $32 trillion by 2050 — and as much as $50 trillion if AI adoption outpaces its central scenario. — Bloomberg
Headlines are summarised in our own words for comment and analysis, with attribution and a link to the original publisher. Indicative only — not investment or trading advice. For commodity and cross-asset risk coverage, see Risk Wire.