KGWV · U.S. MARKET INTELLIGENCE
U.S. stocks finished mixed on Aug. 12, as mild consumer-price data boosted expectations for interest-rate cuts and AI-related stocks led gains in the technology sector. The S&P 500 rose 20.30 points, or 0.26%, to 7,748.50. The Dow Jones Industrial Average fell…
Coherent’s quarterly revenue topped $2 billion for the first time, according to the supplied source headline. The company’s orders are booked through 2028.
Coherent shares swung sharply in after-hours trading, falling more than 6% after earlier rising more than 5%. The company expects first-quarter revenue of $2.2 billion to $2.4 billion, compared with a market estimate of $2.15 billion.
Morgan Stanley cut its target price for Tencent by more than 15%, according to the source. The bank expects increased investment in artificial intelligence to weigh on Tencent’s earnings in the short term.
Gold rose in early Asian trading after expectations for a Federal Reserve rate hike eased following the release of U.S. inflation data. ANZ Research analysts said in a report that consumer prices in July rose only slightly from June. The data suggested the Fed…
Cisco's chief executive said revenue from artificial intelligence infrastructure is expected to grow to $7.5 billion in fiscal 2027.
South Korea’s Kospi index rose as much as 4% in early trading Thursday, bringing its cumulative gain from the July 30 low to more than 20%. Moderate U.S. inflation data lifted investor sentiment and eased concerns that the Federal Reserve could raise interest…
Apple is reportedly in talks with multiple publishers on multiyear content-licensing agreements that would give an AI-powered version of Siri access to the latest news and information. Apple is discussing a licensing budget that could reach hundreds of million…
The U.S. Labor Department said Wednesday that the consumer price index rose 0.1% in July from the previous month, while the annual increase slowed to 3.4%, exactly matching market expectations. Core CPI, which excludes food and energy, rose 0.2% month over mon…
They include a wide range of raw materials from the agricultural, livestock, energy, and metals sectors. Gold, silver, crude oil, natural gas, corn, wheat, soybeans, and lumber are all examples of commodities. Commodity trading is a type of financial investmen…