Tag: business news
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Fed Chairman Kevin Warsh fails first test as ‘Bond Vigilantes’ drive yields higher, says Ed Yardeni
“Arguably, Warsh failed his first credibility test,” wrote Yardeni.
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U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%
While the GDP number was below expectations, the miss appeared to come from a decline in federal government spending and inventories.
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The ceiling for shares of Meta is lower after its earnings report, analysts say
Wall Street analysts broadly lowered price targets on the stock, while keeping ratings unchanged.
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Ferrari raises 2026 guidance after Q2 earnings beat
Ferrari is bumping up its 2026 guidance after beating Wall Street’s second quarter expectations amid “healthy” demand for its products.
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Analysts say Microsoft’s earnings may be a turning point for the struggling tech stock
Wall Street generally liked Microsoft’s earnings, with many firms raising their outlooks for shares.
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Wealth managers face a new challenger: their clients’ AI chatbots
Large language models may give financial advisors a run for their money, but wealth management leaders say the human touch can’t be replaced.
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Bank of England holds UK interest rate steady at 3.75% — but policymakers see upside inflation risk
The Bank of England on Thursday held U.K. interest rates steady at 3.75%, in line with economists’ expectations.
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Jeep maker Stellantis swings to profit on rising demand in North America; shares fall 5%
Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America.
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The Strait of Hormuz is just one trade chokepoint facing a new era of maritime warfare
Attacks near the Strait of Hormuz, Red Sea and Black Sea are pushing shipowners to reroute cargo and rethink global trade risks.
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China AI supplier Zhongji Innolight slips in Hong Kong debut after $6.8 billion IPO
Shares of Zhongji Innolight fell on Thursday after the Chinese optical transceiver maker made its trading debut on the Hong Kong Stock Exchange.
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