Warsh Speech Looms Large as US Equity Futures Falter

Investors are on high alert as they await Fed Chair Kevin Warsh's speech at the Jackson Hole Economic Symposium. US equity futures are showing signs of weakness, hinting that the market is uncertain about the central bank's next move on inflation. The upcoming address from Chairman Warsh has investors scrambling for clues on the Fed's strategy and outlook.

Nvidia shares are also under pressure in pre-market trading after experiencing a massive surge in value. In a single day, Nvidia added $442 billion to its market capitalization, its second-biggest daily gain on record.

The tech giant Paypal is extending its decline as it faces a potential buyout bid that has fallen through. Advent and Stripe's $50 billion offer to acquire the company appears to be off the table, dealing a blow to Paypal's shareholders.