KGWV · U.S. MARKET INTELLIGENCE
Mark Cabana, head of U.S. rates strategy at Bank of America Global Research, said the selloff in U.S. Treasuries could resume if the Federal Reserve does not do a better job explaining how it plans to achieve its 2% inflation target. The long-end bond selloff…
At the close in New York on Monday, Aug. 3, the Bloomberg Grain Classification Index was up 1.30% at 31.4812. The index was slightly lower before U.S. stocks opened, holding near 30.90, and then continued to climb. CBOT corn futures rose 1.94% to $4.73 a bushe…
Boeing shares rose as much as 7.1% on Monday, marking their biggest intraday gain since December and setting a new session high.
President Donald Trump said talks with Iran are underway, although Iran does not want to describe the discussions that way, according to his remarks. Trump said Iran wants to discuss the Strait of Hormuz and denuclearization. He said the United States is holdi…
On Monday, Aug. 3, usage of the Federal Reserve’s overnight reverse repurchase agreement facility, or RRP, totaled $2.127 billion, involving four counterparties. That was down from $2.151 billion in the previous trading session.
After declining steadily for several consecutive weeks, cocoa futures sharply reversed course and surged as poor production prospects in Ghana, a major producing country, rattled the market. New York’s most-active cocoa futures contract rose more than 10%, mar…
India is considering extending its duty-free import policy for production equipment and components through 2041, a move that would provide further support for Apple’s iPhone production in the country.
Meta will attend a White House meeting on artificial intelligence on Tuesday, alongside Google, Politico reported.
The Nasdaq Composite rose more than 2% on Aug. 3, while the S&P 500 gained 1.3% and the Dow Jones Industrial Average advanced 1%.\n\nThe Nasdaq-100 rose more than 1.5%, the Philadelphia Semiconductor Index gained 0.6%, and the Russell 2000 rose more than 1.6%.
Matt Garman, CEO of Amazon Web Services, said the artificial intelligence business is shifting from training to inference. AI labs, startups and enterprises are driving sales growth at AWS, he said. Garman described the potential size of the AI business as “ex…