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…
New Federal Reserve Chair Kevin Warsh has made clear that he wants to change how monetary policy operates. That aim is understandable after inflation remained above the Fed’s 2% target for five consecutive years and the president who appointed him continued to…
South Korea’s benchmark Kospi index fell 0.6% Friday to close at 6,258.77 points. The index declined for a second consecutive trading day and fell 5.1% for the week. The KOSPI posted its seventh straight weekly decline, its longest losing streak since December…
Dow Jones Industrial Average futures rose Thursday as traders monitored tensions in the Middle East and progress toward an agreement to reopen the Strait of Hormuz. Wall Street was also digesting a heavy slate of corporate earnings reports. As of publication,…
Microsoft said its fourth data center region in India has officially begun operations. The facility is part of the company’s planned $20.5 billion investment in India, aimed at expanding local cloud-computing and artificial-intelligence capabilities. Microsoft…
Bitcoin fell during Asian trading hours as cooling expectations for Federal Reserve rate cuts and persistent concerns about U.S. inflation continued to weigh on demand for crypto assets, analysts at Novaque Research said. Bitcoin may also face greater selling…
U.S. private-equity firm Castlelake has withdrawn its bid for the British low-cost airline easyJet, clearing the way for rival Apollo Global Management to acquire the company. easyJet shares rose about 3.1% in afternoon trading in London after the news. Apollo…
Traders on prediction platform Kalshi estimate that the S&P 500 has about a 66% chance of reaching 8,000 points in 2026. After a market pullback from late June through July, a renewed rally in AI stocks helped drive the broad index up more than 5% in just four…
Early Friday Beijing time, U.S. stocks were lower at midday Thursday as traders watched developments in the Middle East, including progress toward an agreement to reopen the Strait of Hormuz. Wall Street was also digesting a heavy slate of corporate earnings r…
J.P. Morgan said feedback from roadshows with about 50 investors across North America and Australia over the past month points to several key changes. Interest in stock picking within mainland China’s property sector has risen modestly. Emerging-market fund ma…