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Uber, Lyft win court block on NYC law requiring notice before firing drivers
Reuters14d agoneutral
Uber, Lyft win court block on NYC law requiring notice before firing drivers

July 22 (Reuters) - A federal judge has ruled that New York City cannot prohibit Uber Technologies and Lyft from deactivating drivers from their apps ‌without advance notice, ruling that the novel law is unconstitutional. District Judge Gregory ‌Woods in Manhattan said in a written ruling on Tuesday that the city's law adopted earlier this year benefits ​a small fraction of drivers while interfering with the ride-hailing companies' right to police the safety of their platforms.

Should You Add KKR & Co.’s (KKR) to Your Portfolio?
Insider Monkey14d agoneutral
Should You Add KKR & Co.’s (KKR) to Your Portfolio?

Dodge & Cox Fund, an investment management company, released its second-quarter 2026 investor letter for “Dodge and Cox Stock Fund”. A copy of the letter can be downloaded here. Despite volatile oil prices and rising inflation, U.S. equities reached record highs in Q2 2026, driven by a technology-led rally, particularly in memory semiconductors. The Fund’s […]

What Makes Thermo Fisher Scientific (TMO) an Attractive Long-Term Bet?
Insider Monkey14d agoneutral
What Makes Thermo Fisher Scientific (TMO) an Attractive Long-Term Bet?

Dodge & Cox Fund, an investment management company, released its second-quarter 2026 investor letter for “Dodge and Cox Stock Fund”. A copy of the letter can be downloaded here. Despite volatile oil prices and rising inflation, U.S. equities reached record highs in Q2 2026, driven by a technology-led rally, particularly in memory semiconductors. The Fund’s […]

Here are the Compelling Reasons to Own Visa (V)
Insider Monkey14d agoneutral
Here are the Compelling Reasons to Own Visa (V)

Dodge & Cox Fund, an investment management company, released its second-quarter 2026 investor letter for “Dodge and Cox Stock Fund”. A copy of the letter can be downloaded here. Despite volatile oil prices and rising inflation, U.S. equities reached record highs in Q2 2026, driven by a technology-led rally, particularly in memory semiconductors. The Fund’s […]

10-Year Treasury Yield Nears 2026 Peak Amid Inflation Worries
The Wall Street Journal14d agoneutral
10-Year Treasury Yield Nears 2026 Peak Amid Inflation Worries

Treasury yields continue to tick higher alongside oil prices, putting the 10-year yield close to its 2026 high point. The yield on the 10-year note climbed to 4.648% in morning trading, according to Tradeweb, just shy of the 4.687% intraday high that it reached on May 19. The uptick in oil prices is making investors more worried about the inflation outlook, with traders now seeing a roughly 50% chance that the Federal Reserve raises interest rates twice before the end of the year.

Bloomberg14d agoneutral
Trump Takes Another Swing at Drug Industry in Made-in-USA Push

(Bloomberg) -- President Donald Trump’s threat of 100% tariffs against generic medicines is a major expansion of a strategy he’s been using against the pharmaceutical industry since his second term began. Most Read from BloombergTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyApple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur SalesTrump Extends Pardons to Companies, Echoing a 17th Century KingSpaceX Set to Unlock $116 Billion in Shares After IPO Restrictions LiftKrem

Stock Futures Fall as Inflation Fears Resurface
Barrons.com15d agobearish
Stock Futures Fall as Inflation Fears Resurface

Stocks were on track to open lower on Wednesday after a jump in oil prices revived fears that a flare-up in inflation could drag down the market. Nasdaq 100 futures fell 0.8%. Stocks looked set to give up some of those gains on Wednesday amid a rally in oil prices, after the U.S. launching strikes against Iran for an 11th straight night.

US Stock Market Today S&P 500 Futures Rise On Earnings And Inflation Crosscurrents
Simply Wall St.15d agoneutral
US Stock Market Today S&P 500 Futures Rise On Earnings And Inflation Crosscurrents

The Morning Bull - US Market Morning Update Wednesday, Jul, 22 2026 US stock futures are pointing higher, with key contracts linked to the S&P 500 up about 0.5% and Nasdaq 100 futures up roughly 1.3%, as investors weigh fresh inflation worries against easing rate fears abroad. In the US, the 10 year Treasury yield sits near 4.6%, and markets see roughly a 50 to 60% chance of a Federal Reserve rate hike in September, which matters for mortgage costs, credit cards and growth focused stocks. At...

What Oklo (OKLO)'s Role in Federally Backed AI Data Center Nuclear Project Means For Shareholders
Simply Wall St.15d agobullish
What Oklo (OKLO)'s Role in Federally Backed AI Data Center Nuclear Project Means For Shareholders

Earlier this week, the Trump administration selected Oklo and X-energy to participate in a US$200 million federal initiative to fast-track advanced nuclear reactors for powering AI data centers, alongside technology partners such as Microsoft and Nvidia, with support routed through the Department of Energy and national laboratories. This move places Oklo at the center of a federally backed effort to link next-generation nuclear power with AI infrastructure, potentially influencing how...

Is Washington Building a Tariff Wall Around American AI?
Insider Monkey15d agoneutral
Is Washington Building a Tariff Wall Around American AI?

Moonshot AI’s July 17 release of Kimi K3 has confronted Washington with an awkward fact: a Chinese open-weight model can approach leading American systems in coding and agentic tasks while charging less, though we challenge the simplicity of that premise here. On July 20, the White House was considering options to block or sharply restrict […]

Anthony Scaramucci Explains Why He's Long Bitcoin and Gold: 'Imagine an American President...Sitting in Front of a $55 Trillion Deficit'
Benzinga15d agoneutral
Anthony Scaramucci Explains Why He's Long Bitcoin and Gold: 'Imagine an American President...Sitting in Front of a $55 Trillion Deficit'

SkyBridge Capital founder Anthony Scaramucci positioned Bitcoin (CRYPTO: BTC) and gold as “part of the answer” to a changing monetary system under strain from fiscal pressures and declining purchasing power. Deficit Spending to Trigger High Inflation? Scaramucci voiced his concerns on X about the potential impact of deficit spending and inflation on the economy. The former White House Communications Director warned that national debt could rise from the current $39 trillion to $55 trillion withi

Asian shares edge higher after Wall Street climb, even as Brent oil keeps rising
Associated Press15d agoneutral
Asian shares edge higher after Wall Street climb, even as Brent oil keeps rising

Asian shares were mostly higher Wednesday following a rally on Wall Street, despite concerns about higher oil prices and inflation. Japan's benchmark Nikkei 225 rose 1.9% to 67,511.12, after the government reported that both imports and exports rose last month from a year earlier, as the weakening yen raised the value of both when converted from dollars to yen. More gains for makers of computer chips and other companies benefiting from the artificial-intelligence boom carried Wall Street higher.

Bloomberg15d agoneutral
High-Risk Bets That Burned Korean Traders Are Making a Comeback

(Bloomberg) -- South Korea’s risk-loving retail investors are flocking to a leveraged instrument that has inflicted severe losses in the past, adding to concerns about abrupt unwinding of wagers as the stock market gyrates.Most Read from BloombergApple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur SalesTrump Sets 100% Tariff on Generic Drugs With Two-Year DelayTrump Extends Pardons to Companies, Echoing a 17th Century KingSpaceX Set to Unlock $116 Billion in Shares After IPO Res

Wall Street ends higher on chip stocks recovery; earnings draw focus
Reuters Videos15d agoneutralVIDEO
Wall Street ends higher on chip stocks recovery; earnings draw focus

<body><p>STORY: U.S. stocks closed higher on Tuesday, with the Dow gaining roughly three-quarters of a percent, the S&P 500 adding nearly nine-tenths of a percent and the Nasdaq climbing about 1.3%.</p><p>Gains in recently battered semiconductor stocks pushed the Philadelphia Semiconductor Index more than 5% higher. It was the index's second consecutive advance after ending Friday more than 20% below its record high, reached in late June.</p><p>Meanwhile, investors looked past a 2% rise in oil prices as well as a fresh tariff battle, after President Donald Trump slapped a 50% duty on a wide range of imports from Canada.</p><p>Eric Parnell is chief market strategist at Great Valley Advisor Group.</p><p>"It's another day in the market and it's another tariff headline coming out of Washington, DC... But we've been down this road many, many times with tariffs over the last 12 to 18 months. And on a micro level, we can dissect what's the implication going to be for the beverage industry or the food industry associated with some of these tariffs. But what we've really seen, and we've also seen it with the Iran conflict, once the market gets comfortable with its reaction function, then it largely dismisses these headlines. And I think we should continue to expect this going forward."</p><p>Stocks on the move Tuesday included Super Micro Computer, which closed 7% higher and climbed another 16% in extended trading after the AI server maker said it expects gross margins for the quarter to be above its previous forecast.</p><p>Shares of 3M gained more than 7% after the industrial giant lifted its full-year profit forecast.</p><p>And shares of Hasbro jumped nearly 9% after the company raised its annual revenue and profit forecasts, betting on demand for its digital gaming and "Magic: The Gathering" products.</p><p>The focus this week now turns to results from tech giants Alphabet, Tesla and Intel.</p></body>

Bloomberg15d agoneutral
JPMorgan, Goldman Set for $100 Million Paydays on SoftBank’s Record Loan

(Bloomberg) -- Global banks are poised to reap a windfall from SoftBank Group Corp.’s unprecedented borrowing binge as they fund the debt-laden conglomerate’s enormous artificial intelligence bet.Most Read from BloombergApple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur SalesChina AI Sensation Moonshot’s Gamble on Big Models Pays OffYemen’s Houthis to Impose Maritime Blockade on Saudi ArabiaTrump Vows 50% Tariff on Canadian Goods Using Depression-Era LawUS Allies in Persian Gul