Snowflake (SNOW.N) shares surged more than 25% in U.S. premarket after the company raised its full-year product revenue forecast.

Serbian sources said on the 2nd (local time) that Serbia will hold early parliamentary elections on Oct. 25. President Vucic is expected to dissolve the National Assembly and formally call the vote within days.

Bernstein says markets may have overread Fed Chair Kevin Warsh’s Jackson Hole remarks as explicitly hawkish; Warsh stressed scaling back forward guidance, which could make it harder to infer the Fed’s rate path from a single speech and increase volatility in policy expectations. Warsh also flagged that more than half of this year’s capex growth may be AI-related; near-term AI spending will lift demand for capital, power and equipment, while longer-term productivity gains could alter potential growth — the Fed must weigh both effects. Bernstein did not rule out “currency-debasement” trades: it views US high debt, large deficits and rising interest-service costs as structural risks, and says if the US Treasury continues to intervene in long-end yields, scarce assets such as gold and bitcoin could find support. (Source: JP Morgan report, Sept. 2)