KGWV · U.S. MARKET INTELLIGENCE
David Kelly, chief global strategist at JPMorgan Asset Management, said the Federal Reserve should leave interest rates unchanged and predicted that inflation would gradually ease as more evidence emerges that a persistent wage-price spiral will not develop. K…
Apple has hired a veteran U.S. aviation executive to serve as its head of government affairs.
Jane Street issued $14.6 billion in bonds, with proceeds intended to fund technology infrastructure and expand its trading strategies. According to people familiar with the matter, the market maker issued senior secured notes maturing in 2031, 2033 and 2036, w…
Google opened preorders today for the Pixel 11 Pro Fold. The foldable phone will go on sale Aug. 20.
Russia’s consumer price index rose 0.54% in July from the previous month, below the 0.68% increase forecast. The CPI rose 5.98% from a year earlier, compared with a forecast increase of 6.10%.
Alphabet launched its new Pixel 11 smartphone lineup Wednesday, putting what it describes as its most agentic version of Gemini to date at the center of the devices, just weeks before an AI-model-driven, rebuilt Siri is expected to arrive. The lineup includes…
Oriental Harbor’s overseas fund fully exited six holdings, including Apple, a 3x leveraged Nasdaq-100 ETF, Tesla and Circle Internet Group Inc., according to the Shanghai Securities Journal. The fund newly bought Intel, SanDisk, Advanced Micro Devices, Marvell…
Ed Yardeni, president and chief investment strategist at Yardeni Research, raised his target for the S&P 500 to 8,400 after what he described as “excellent” corporate earnings performance, making it the highest target on Wall Street. Yardeni’s previous target…
Bank of America will acquire a 49.9% stake in a Jio Financial subsidiary for about $1.9 billion, Bloomberg reported.
Stocks 1983: The Global Privatization Wave of the 1980s ## Inflation Had to Be Brought Down Before Reform Could Begin Paul Volcker was appointed by President Carter, but his most aggressive rate hikes actually took place during President Reagan’s term. This sh…