The latest edition of the Fed’s beige book indicated that the soccer tournament wasn’t necessarily translating to broader economic growth.
Anthropic moves closer to mega-IPO as bankers line up investor meetings
Anthropic is lining up investor meetings ahead of a potential IPO as soon as October as the AI startup behind looks to beat rival OpenAI to the public markets.
Stocks making the biggest moves midday: SpaceX, Apple, PayPal, Cava, Progressive, Micron & more
These are the stocks posting the largest moves in midday trading.
Watch Fed Chairman Kevin Warsh testify live before Senate banking committee
Part of congressionally mandated Capitol Hill appearances for the central bank leader, Warsh spoke Tuesday to the House Financial Services Committee.
‘Arsenal of democracy’: Jamie Dimon announces $24 million effort to boost American shipbuilding
JPMorgan Chase CEO Jamie Dimon unveiled a $24 million package to bolster American shipbuilding, funding a new submarine facility at the Philadelphia Navy Yard.
Wholesale prices unexpectedly declined 0.3% in June on big drop in gasoline
As with consumer prices, the index benefited from easing energy costs, particularly as oil fell due to the brief pause in tensions between the U.S. and Iran.
Warren Buffett on the market today: ‘It’s tough to find values when everybody is preferring gambling’
The investor has been sharply critical of the stock market, one that he says is increasingly defined by speculative trading as opposed to long-term investing.
New York Fed President Williams says inflation has peaked, rates ‘well positioned’
Williams cited five reasons why he expects the latest price surge has run its course.
Buffett says Trump’s pick of Kevin Warsh for Fed chair was ‘good choice’
Warren Buffett believes Fed Chair Kevin Warsh will do the best job he can.
Morgan Stanley posts record quarterly revenue and profit as equities trading surges 69%
Like at peers Goldman Sachs and JPMorgan Chase, a massive beat in equities trading drove the quarter’s outsized results.