BREAKING: The odds of the Fed hiking rates at the July 29th meeting crash to 8% after CPI inflation unexpectedly posts its biggest monthly decline since April 2020.
‼️ 🏦 BREAKING: Warsh promises inflation will be a ‘thing of the past,’ cites benefits of AI investment boom. “The Fed’s number one objective is to get monetary policy right — or as near to it as we possibly can. That is our clear and constant aim, the star we steer by,” he added. “And if we get policy right — and we will — the inflation surge of the last five years will be a thing of the past.”
🚢 President Donald Trump’s proposed 20% levy on ships passing through the Strait of Hormuz could backfire and further reduce dwindling traffic on the vital waterway, shipping executives have warned.
‼️ 🏦 BREAKING: Bank of America reported second-quarter earnings that beat analysts’ forecasts, with earnings per share coming in at $1.21 on revenue of $31.6 billion.
‼️ 🏦 BREAKING: Wells Fargo&Co reported second quarter EPS of $2.00, $0.28 better than the analyst estimate of $1.72. Revenue for the quarter came in at $22.62B versus the consensus estimate of $21.87B
💥🧠 Samsung Electronics Co. is in the early stages of exploring a potential offering of American depositary receipts. Samsung shares have gained about 120% this year to raise the company’s market value to over $1 trillion