KGWV · U.S. MARKET INTELLIGENCE
Advanced Micro Devices reported second-quarter results on Tuesday, beating expectations for revenue and profit while providing guidance for the current quarter that was described as in line with expectations. The chipmaker makes both data-center CPUs and GPUs,…
The board of Italy's Banco BPM unanimously decided not to acquire Banca Monte dei Paschi di Siena SpA, also known as Siena Bank.
The Federal Reserve’s overnight reverse repurchase agreement facility was used for $1.65 billion on Wednesday, Aug. 5, with two counterparties. Usage totaled $2.251 billion on the previous trading day.
The S&P 500 has reached Bank of America’s 2026 target of 7,741, the bank said. Technical indicators suggest the rally could extend toward 8,000, 8,234 or even 8,541. Bank of America views 7,500 as a key support level. The bank warned, however, that seasonal we…
Hackers have launched a sophisticated campaign against Wall Street companies in recent days, targeting the information systems of large asset managers, according to people familiar with the matter. The attackers tried to breach the systems of some of the world…
OfBusiness, backed by Japan's SoftBank Group, is considering reviving plans for an initial public offering in India, people familiar with the matter said, according to Bloomberg.
HSBC Holdings’ share-price decline in London rapidly widened to 6.9%, while Prudential fell more than 13.29%. Both stocks hit fresh intraday lows.
The final reading for the U.S. S&P Global Composite PMI was 54.5 in July, compared with a preliminary reading of 53.6.
Eli Lilly reported second-quarter revenue of $22.97 billion, compared with an estimate of $20.59 billion. Adjusted earnings per share were $8.38, up from $6.31 a year earlier. The company expects full-year revenue of $85 billion to $87 billion, compared with i…
Uber's second-quarter profit came in slightly above Wall Street expectations. Growth in its number of riders and delivery business lifted revenue, but shares of Uber Technologies still fell in early Wednesday trading. The company said adjusted earnings per sha…