KGWV · U.S. MARKET INTELLIGENCE
Bank of America CEO Brian Moynihan discussed the U.S. economy, the Iran nuclear agreement and Federal Reserve monetary policy during a television appearance. Moynihan said the bank had just received complete July payment data, showing that overall spending by…
Foxconn, the contract manufacturer and assembler, is stepping up hiring as production of Apple’s new iPhone ramps up. The peak production season at some Foxconn sites is expected to continue through the end of 2026. Reports in late July said Apple’s iPhone 18…
Mizuho raised its price target for Airbnb to $200 from $175, according to CLS.
Shares of Take-Two Interactive, the parent company of “Grand Theft Auto VI,” fell 3.2% in premarket trading after the company released its first-quarter financial report.
As companies including Dada Takeaway and Shopify released second-quarter earnings, Google on Thursday announced a major leadership shake-up. AI leader and Google DeepMind CEO Demis Hassabis was promoted to chairman of the AI unit and appointed chief scientist…
Amazon Pharmacy said Medicare Part D patients can now obtain certain GLP-1 weight-loss drugs through the service. Medicare Part D patients are people enrolled in the prescription drug benefit program within the federal Medicare system. They are typically U.S.…
Wells Fargo said the enormous AI spending by major technology companies is “trickling down into the broader economy,” potentially helping drive industrial stocks higher. Ohsung Kwon, a strategist at Wells Fargo, said he is confident that the growing number of…
A newly disclosed 13G filing with the U.S. Securities and Exchange Commission shows that asset manager Fidelity held approximately 4.49 million shares of EHang as of June 30, according to Jiemian. That was a substantial increase from the 1.68 million shares di…
Nvidia is considering an aggressive plan to equip its next-generation Rubin Ultra GPU with less memory than originally planned, as supplies of advanced high-bandwidth memory chips remain tight. Three people directly involved in testing said Nvidia has tested a…
Merck raised its full-year guidance for the second consecutive quarter after demand for laboratory tools and semiconductor-manufacturing materials boosted results in the latest quarter. The German company on Thursday raised its 2026 sales and underlying-earnin…