The Federal Reserve kept interest rates steady at 3.5%-3.75% during Jerome Powell's final meeting as Chairman, maintaining an easing bias despite growing internal disagreements about future policy. Incoming Chairman Kevin Warsh advocates ending quantitative easing, reducing forward guidance, and adopting a more flexible policy approach with potential rate cuts and a broader inflation target influenced by AI-driven productivity gains. Powell's continued role as governor is expected to moderate abrupt policy shifts and preserve consensus-driven decisions, lowering the chance of immediate rate cuts. These developments highlight a transitional phase for Fed policy amid differing views on inflation and economic growth.
BlackRock, Inc. has reported that its direct and indirect ownership in Orion Oyj has dropped below the 5% threshold as of June 15, 2026. This change requires a formal disclosure under Finnish securities law. The reduction in BlackRock's stake may aff...
On June 15, 2026, BlackRock, Inc. and its funds reduced their total holdings in Orion Corporation to below 5% of the company's shares and voting rights. This change was disclosed under the Finnish Securities Market Act, indicating a decrease from a p...
US stock futures showed mixed results with the S&P 500 slightly down while the Dow Jones and Nasdaq 100 edged higher following a recent rally. The market reacted to a preliminary US-Iran agreement aimed at extending a ceasefire and reopening the Stra...
MindWalk Holdings Corp. emphasizes the importance of a connected, trustworthy biological data layer over AI model size in drug discovery. The company launched ReefIQ™, a biological context layer, and LensAI™, a reasoning platform, aiming to reduce co...
Space Exploration Technologies Corp. (SpaceX) saw its shares surge over 11% in premarket trading, pushing its market capitalization close to $3 trillion, surpassing Amazon to become the fifth-largest company globally. This rapid valuation increase ha...
