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…
U.S. Treasury Secretary Bessent said it would be reasonable for the Federal Reserve to consider expanding the size of its FIMA repo facility. He said the Fed’s FIMA repo facility is no different from foreign-exchange swap lines. Bessent added that he is mainta…
The BlackRock Investment Institute believes the Federal Reserve may not raise interest rates, but says that would do little to curb the rise in long-term U.S. Treasury yields. “We actually think the Fed may stand pat,” said Wei Li, chief investment strategist…
Aston Martin creditors have threatened to sue the automaker after learning that it plans to sell part of its brand and naming rights as part of a disputed £550 million financing deal. The cash-strapped automaker announced last month that it had agreed on a fin…
Saudi Aramco said Tuesday that its second-quarter profit surged, beating market expectations, as the Iran conflict pushed up oil and gas prices. The world’s largest oil company reported adjusted net income of 125.2 billion Saudi riyals ($33.4 billion) for the…
Bank of America strategist Mark Cabana said the selloff in U.S. Treasuries could resume if the Federal Reserve cannot better explain how it plans to achieve its 2% inflation target. Cabana, head of U.S. rates strategy at Bank of America Global Research, said t…
U.S. stocks continued to rise late Monday, with large-cap technology shares leading the advance. The Dow Jones Industrial Average approached a record high as major indexes posted strong gains on August's first trading day. Oil prices fell after President Donal…
Counterpoint Research said Micron Technology is poised to overtake SK Hynix as the world’s second-largest DRAM supplier, with its revenue surging about fourfold since the second quarter of 2025. Samsung Electronics reclaimed the top spot in the second quarter…
Front-month ICE Brent crude’s October contract, the new front-month contract, fell $4.16 a barrel, or 4.73%, to settle at $83.77 on Aug. 3, 2026. It was the biggest one-day dollar and percentage decline since July 28, 2026. Brent fell in five of the past seven…
HSBC Holdings announced a share buyback plan of up to $1 billion. The program is expected to be completed before the release of the company’s third-quarter 2026 results.