Philadelphia Fed’s factory gauge improves markedly in July
Readings of future activity hits highest level in three years Source link
TWFG Insurance IPO prices above range ahead of trading debut as IPO market heats up
Deal is latest in an IPO market that is gradually heating up again. Source link
Tech selloff erases $1.1 trillion of ‘Magnificent Seven’ market cap in five days
The seven Big Tech companies collectively shed more than $500 billion in market cap on Wednesday alone. Source link
Hedge funds that try to avoid pain just saw their worst day in nearly two years
Managers with long/short strategies — i.e., funds that combine bets that companies will appreciate in value with bets that others
Novartis lifts guidance again as demand climbs for top drugs
Novartis has boosted its 2024 outlook for a second time this year, thanks to strong sales for some of its
J.D. Vance blasts ‘Wall Street barons’ and Biden in GOP convention speech
Republican vice presidential nominee J.D. Vance speaks Wednesday night at the GOP convention in Milwaukee. Source link
Microsoft, Meta, Amazon and Google face this growing risk around AI
If AI revenue doesn’t come about as quickly as expected, large tech companies could see margin pressure and have to
Trump is winning votes by supporting crypto, say digital-asset fans at GOP convention
Donald Trump’s recent expressions of support for cryptocurrencies are helping him with voters focused on digital assets, said participants in
Japan’s exports rise for seventh straight month in June
Japan’s exports rose for a seventh straight month in June backed by solid demand for chip-making machines, nonferrous metals and
Beyond Meat shares fall following report of restructuring talks with bondholders
Shares of Beyond Meat fell in post-market trading after The Wall Street Journal reported the company was engaged in talks