Author: Editor-In-Chief
The Fed’s interest rate decisions next week could hinge on just a few hundredths of a percentage point, and ultimately on inflation data that won’t be known until after the vote. All eyes will be on the announcement of producer and consumer prices for August (Thursday and Friday, respectively), as markets oscillate depending on which direction policymakers take. Interest rate hikes will likely be discussed if interesting data emerges. Conversely, if inflation appears to be calming, at least on a monthly basis, judging by what key officials have said in recent days, voters on the Federal Open Market Committee may…
Check out the companies making the biggest pre-market moves: Roivant Sciences — Shares rose 24% after the drug company announced that subsidiary Pulmovant’s Phase 2 trial results for mosliciguat demonstrated a “clinically meaningful and statistically significant placebo-adjusted reduction in pulmonary vascular resistance” in patients with pulmonary hypertension associated with interstitial lung disease. Lockheed Martin — The defense contractor rose 0.7% after UBS upgraded the stock to buy from neutral, saying its revenue growth potential was undervalued. Novartis — The drugmaker fell 12% after Phase 3 results showed the drug deldesiran did not produce “significant improvement” in patients with myotonic dystrophy…
Tristan Buckmaster, a professor of mathematics at New York University, on Tuesday published three proofs along with preliminary findings regarding one of the major open problems in theoretical mathematics. This discovery, made in collaboration with anthropomathematician Levent Alpöge using both Codex and Claude AI models, is significant in its own right, but it also comes with an unusual controversy surrounding OpenAI’s attempts to solve the same problem. “There is another part to this story,” Buckmaster wrote in a statement announcing his evidence. As Buckmaster and Alpöge were finalizing their results, they learned that “information about our progress was being passed…
visa It announced Tuesday morning that it will make more data available to companies lending on the blockchain, as cards linked to stablecoins meet strong demand. By combining its payments data with on-chain lending infrastructure, the payments giant will be able to provide lenders with deeper insight into the financial performance of digital asset-focused fintech companies and card issuers. The program aims to accelerate borrowing as these companies grow rapidly.Visa currently operates more than 160 stablecoin-linked card programs for issuers and program managers, an increase of nearly 200% year over year as more crypto companies launch cards for customers. “Cards…
Huawei and Xiaomi unveiled their latest foldable phones this week as the Chinese tech giants seek to take the lead from their rivals. appleis rumored to launch its first foldable iPhone on Wednesday.xiaomiThe world’s third-largest smartphone player on Monday launched the Xiaomi 18 Fold, a passport-sized device similar to Samsung’s Galaxy Z Fold 8 launched earlier this year. Huawei on Monday unveiled the Mate XT2, the third generation of its pioneering tri-fold smartphone. These launches are no coincidence. Apple is rumored to be holding an event on Wednesday where it will unveil its first foldable iPhone, a major new product…
Congressman Chris Pappas (DN.H., Democratic candidate for U.S. Senate) and Dr. Karishma Manzoor (Democratic New Hampshire candidate for U.S. Senate).Tom Williams | CQ-Roll Call Inc. | Mel Musto | Bloomberg | Getty ImagesNew Hampshire voters head to the polls Tuesday to nominate a candidate to replace retiring Democratic Sen. Jeanne Shaheen in a key Senate race. Both Democrats and Republicans aim to gain control of the Senate and win seats in the next Congress.Rep. Chris Pappas, who is leading the fundraising race and has represented the state’s 1st Congressional District since 2019, is the frontrunner for the Democratic nomination. He…
Bombardier denounced President Trump’s ban threat, citing its U.S.-made parts and deep ties to U.S. suppliers and employees.Bombardier has pushed back against President Donald Trump’s threat to block sales of its planes unless it starts building them in the United States, saying it has already started.In a statement provided to Al Jazeera on Tuesday, the Quebec-based aircraft manufacturer said it employs thousands of workers across the United States.Recommended stories list of 4 itemsend of list”Bombardier aircraft are built with American-made components, including engines, avionics and many critical systems provided by great American companies,” Bombardier Aircraft said in a statement.Appearing on…
Arrow pointing outside zoom in iconGet Mike Santoli’s Market Memo in your inbox first. Subscribe hereWall Street has so far emerged from its summer hiatus with a confirmed commitment to stocks.The S&P 500 has done enough to maintain its upward trajectory, with last week’s brief and modest pullback nearing the top of the May-July range but never breaking through, giving the index some excuse to pull back more fully while keeping the correction under the surface.Arrow pointing outside zoom in iconThe stability in index levels reflects the full backing of stocks by professional investors, who appear undeterred by the ubiquitous…
Intel stock rose 9% on Tuesday as a series of positive developments strengthened the case for the chipmaker’s turnaround. The stock is currently trading well above its recent public offering price of $95, and the level at which CEO Lip Vu Tan bought the stock. Rising CPU prices and reports about Intel Foundry’s progress have fueled the rally, while President Donald Trump’s comments over the weekend allayed some overreaching fears that the U.S. government would sell a large stake. Jim Cramer called Intel one of his “top six stocks to buy” on Tuesday’s “Morning Session” and said, “We’re not going…
Google Cloud and Accenture are working together in a joint unit focused on bringing engineers into businesses to help them better adopt Google’s AI tools and services. The new division, named Accenture Gemini Enterprise Business Group, is Google’s latest foray into the increasingly competitive world of forward-deployed engineers (FDEs). Rivals in the AI race, including OpenAI, Anthropic, Microsoft, and Amazon, have recently launched separate business units, betting that implementing AI models can become multitrillion-dollar businesses for them. This is the kind of bet that AI companies and hyperscalers are increasingly making. Hyperscalers are spending hundreds of billions of dollars annually…