KGWV · U.S. MARKET INTELLIGENCE
The 20th Sullivan GIL Summit, an annual AI industry event, is scheduled to open Aug. 4-5, with the start time to be determined. Before European markets open, BP is scheduled to release its earnings report. Caterpillar and other companies are expected to report…
Apple said it briefly removed Telegram from the App Store but has since restored the app, according to CLS.
U.S. stocks rose on the first trading day of August as investors turned their attention to a busy week of corporate earnings. The S&P 500 gained 1.5%, moving closer to its record high. The 100 Index rose 1.8%, while the Philadelphia Semiconductor Index advance…
Special topic: The market adjustment may be largely complete, with a recovery expected in August. Global financial media highlighted the following developments overnight: U.S. President Donald Trump said his latest negotiation proposal was Iran’s “last chance”…
Thai telecommunications company True Corp. said Tuesday that China Mobile is evaluating the possibility of selling a small portion of its stake in the company, describing the potential transaction as normal portfolio management. True said in a filing with the…
U.S. stock futures rose, with Nasdaq-100 futures up 0.4%.
North America’s “Four Clouds” rose together as the AI rally shifted from companies that sell the shovels to companies that use them. What supports that shift in market logic?
Morgan Stanley expects Alibaba Cloud to be the largest gainer of cloud market share and to remain a key catalyst for Alibaba Group’s stock. The bank identifies Alibaba as its top pick in the sector. Morgan Stanley forecasts Alibaba Cloud revenue will grow 45%…
Citi said the iron ore industry’s key cost-support level is around $85 a ton. At that price, about 6% of seaborne supply would face a risk of production cuts or generate only low-single-digit profit margins. The bank said iron ore producers’ breakeven prices c…
Gold prices rose in early Asian trading. The precious metal has traded in a range for several weeks as markets weigh fast-moving developments in the Middle East against shifting expectations for U.S. monetary policy, Bas Kooijman, CEO and asset manager at DHF…