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Moody's Corporation (NYSE: MCO) is widening its blockchain push, bringing its Token Integration Engine (TIE) to the Solana network through a new integration with Alphaledger. In plain terms, the move lets companies that issue tokenized bonds on Alphaledger's platform attach Moody's credit ratings, ...
Johnson & Johnson has no plans to enter the booming obesity market, opting instead to focus on diseases such as cancer, CEO Joaquin Duato said in an interview for an upcoming episode of The David Rubenstein Show: Peer to Peer Conversations. The comments set J&J apart from many of its rivals that are trying to develop or acquire obesity medicines following blockbuster weight-loss drugs from Eli Lilly & Co. and Novo Nordisk.
Victoria's Secret & Co. (NYSE:VSCO) could continue delivering strong earnings growth as sustained sales momentum supports margin expansion, according to Bank of America, which maintained its ‘Buy’ rating on the retailer. Bank of America analysts wrote that recent sales trends have eased...
Stocks fell to session lows after Kevin Warsh wrapped up his first press conference as Fed chairman. The Dow fell 410 points, or 0.8%. The S&P 500 fell 1.1%. The Nasdaq dropped 1%. Warsh signalled big changes could be coming to how the central bank communicates, but he mostly said changes will be made after convening various task forces.
Ford is expected to hire 800 people at BlueOval Battery Park Michigan by year-end. It already has several hundred and here's where production stands.
(Bloomberg) -- Short-dated US Treasury yields leaped as Federal Reserve officials signaled they expect an interest-rate hike in the coming months, pushing traders to fully price in higher borrowing costs by October.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealApple Plans Camera AirPods Alongs
The succession will mark the end of an era for the derivatives exchange, which transformed under Duffy’s long run.
Robinhood received a big price-target hike from Wall Street a day after revealing hefty job cuts. On Wednesday, Argus analyst Stephen Biggar raised his HOOD stock price target by 22% to $110, according to TheFly.com. Biggar kept a buy rating on shares a day after Robinhood announced a 10% workforce reduction.
Exxon Mobil (XOM) stock hasn’t been moving as much, considering the loud warnings from the oil market. The Guardian reports that Brent crude has been dropping fast as traders price in a reduction in Strait of Hormuz risks, and investors have reason to be cautious. Exxon dropped 6.52% over the ...
ARKK saw record inflows and outflows as investors possibly used ETFs to access SpaceX's IPO.
Deutsche Bank raised its Micron price target to $1,500 from $1,000.
Stocks were lower again as Kevin Warsh didn’t seem particularly interested in the market’s reaction to his first press conference as Fed chairman. “This is a lot of change for financial markets to digest,” Warsh said, referring to efforts to reshape the central bank. Warsh said he plans to form task forces to better deliver on the Fed’s goals.
Dow Hits Milestone High as Investors Watch Fed and Iran Developments
Bonds are in the driver's seat as Kevin Warsh chairs his first Fed meeting. Look at the yield or interest rate on the 2-year note, which is up strongly by 0.097 percentage points. Higher yields on a shorter-dated note suggest the bond market is readying to see a rate hike by the Fed sometime this year.
This mREIT isn't a high-yield trap, but it also isn't a reliable long-term investment.
2026 has not been the best year for shares in quantum computing darling D-Wave Quantum’s (QBTS). The company kept posting engineering wins and a fast-growing order book, yet the stock kept sliding, with a year-to-date decline of 14.9% at the time of writing. That disconnect is what Wall Street ...
Stocks remained lower after Federal Reserve Chairman Kevin Warsh began his first press conference in the role. The Nasdaq was down 0.5%. Warsh began by saying he was welcomed by fellow bankers, who he says he’s listened closely to for “a lot of new ideas, new thinking, and genuine interest in moving the Fed forward.”
Goldman Sachs is telling stock market investors that the old winning formula is breaking. For years, investors have been following the same playbook: falling rates, capital-light technology, higher valuations, and a narrow group of stocks doing most of the heavy lifting. The call lands with ...
Lennar’s (LEN) asset-light strategy was intended to make the homebuilder more nimble. Bank of America also said it might complicate the earnings story. The brokerage restated its Underperform rating on Lennar, cutting its price target to $77 from $84 and reducing its profit projections after the ...
Fed policymakers now see no interest rate cuts in 2026 after previously projecting one cut for this year back in March. Officials estimate their target range for the federal-funds rate will be 3.8% at the end of 2026, unchanged from its current level, according to the so-called "dot plot" from the Fed's latest Summary of Economic Projections released Wednesday. Notably, nine officials projected the Fed’s benchmark interest rate to be higher than it is today by the end of the year.
The stock market wavered after the Federal Reserve opted to keep interest rates steady during Kevin Warsh’s first meeting as chairman. The Federal Open Market Committee continued this year’s pause with a target for the federal-funds rate in a range of 3.5% to 3.75%. “Inflation remains elevated relative to the Committee’s 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy,” the FOMC said in its statement.
In Kevin Warsh’s first vote as Fed chairman, the committee voted to keep interest rates unchanged on Wednesday. The decision, which was widely expected, comes as officials seek to determine if the recent oil shock will deliver long-term consequences to the broader economy. At the conclusion of a two-day policy meeting, the Federal Open Market Committee voted to keep its target for the federal-funds rate at 3.5% to 3.75% for the fourth consecutive meeting.
(Updates prices.) Gold was higher midafternoon Wednesday even as the dollar rose after a report s
AI lab Odyssey on Wednesday said it has raised $310 million in a Series B round valuing it at $1.45 billion, and struck a deal with Amazon Web Services that gives it access to specialized chips designed for high‑performance machine-learning workloads. The round, led by Natural Capital, saw participation from Amazon, AMD Ventures, Google Ventures, EQT and In-Q-Tel, alongside prominent individual investors including Google’s chief scientist Jeff Dean and Garry Tan, president and CEO of Y Combinator. Odyssey is building models that can simulate the real world and act without human input.
Spirit Airlines had the lowest rating on the annual American Customer Satisfaction Index (ACSI) survey. The airline scored a 66 on the 100-point scale in 2026, dropping below low-cost rival Frontier Airlines, an airline that doesn't even offer internet service, and putting it 13 points behind ...
(Updates with latest market prices and developments.) US benchmark equity indexes were mixed intr
Elon Musk just made his biggest bet yet on artificial intelligence. Days after SpaceX's record-breaking stock market debut, the company confirmed it would acquire Anysphere, the San Francisco-based startup behind the popular AI coding tool Cursor, in a deal valued at $60 billion. The move puts ...
Shares of large U.S. banks outperformed the market on Wednesday, with some hitting records, as investors awaited the first Federal Open Market Committee meeting of Kevin Warsh’s Fed chairmanship. Investment banks Goldman Sachs and Morgan Stanley also rallied and hit records, according to FactSet and Dow Jones Market Data. Traders widely expect the Fed will keep the benchmark federal-funds rate target unchanged at a range of 3.50% to 3.75%.
The service will be accessible through the Uber app and is being developed in collaboration with Switzerland's Federal Roads Office (FEDRO), pending regulatory clearance.
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