KGWV · U.S. MARKET INTELLIGENCE
A senior Federal Reserve official said current interest rates are in a “good position” and forecast that inflation will cool in the second half of this year. Iran said it is not currently holding talks with the United States. It said its discussions at this st…
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…
AstraZeneca's London-listed shares closed down 9%, marking their biggest one-day decline since March 2020.
Tyson Foods Inc. cut its full-year profit outlook, signaling that relief from the historic shortage of live cattle in the U.S. beef industry remains far off. The company’s chicken business continued to serve as a key growth engine, offsetting weakness in beef…
JPMorgan's latest outlook report on U.S. investment-grade credit says the sector's high yields have become a strong attraction for buyers. Amid persistent macroeconomic uncertainty and strong corporate fundamentals, the report expects credit spreads to narrow…
The Nasdaq-100 index rose 1%, while the Nasdaq gained more than 1.4%. The semiconductor index’s decline narrowed to less than 0.7%.
IMAX announced its July box-office results, reporting $257 million in monthly box-office revenue. The figure set the highest single-month box-office record in the company’s history, partly driven by the performance of the film The Odyssey.
Microsoft shares rose 5.6%, bringing their cumulative gain over the past three days to more than 25%.