Fed Chair Warsh's presentation at Jackson Hole boosted market confidence, pushing the S&P 500 up 0.5% and Nasdaq 100 by 0.4%. The bond market now prices a 60% chance of a rate hike in September and 92% by October, with expectations of two 25 basis point increases by next March. Warsh emphasized traditional central bank principles and inflation control, reassuring markets that aggressive rate hikes are unlikely. This signals a cautious but firm approach to managing inflation and interest rates moving forward.
Sandisk and Kioxia announced plans to invest over $31 billion in their memory manufacturing facilities in Japan. This investment represents about 60% of what they have spent there over the past 25 years, signaling a major expansion in their productio...
Spot gold prices fell 0.36% to around $4,438 an ounce as investors weighed higher odds of a September Federal Reserve rate hike and renewed geopolitical tensions in the Strait of Hormuz. Meanwhile, spot silver rose 0.91% to about $66.86, supported by...
Nexans is recognized as a leading supplier in power transmission, distribution, and building electrification, benefiting from ongoing grid investments. With €7.7 billion in backlog and integrated manufacturing and installation capabilities, the compa...
Kaplan Fox & Kilsheimer LLP is investigating potential securities violations by Coastal Financial Corporation following its Q2 2026 report showing a $42.1 million net loss, driven mainly by a $68.8 million credit expense linked to a single partner. C...
Rocket Companies has appointed Alessio Sanfilippo, former Meta and Intuit executive, as CEO of Redfin, effective immediately. Sanfilippo brings over 20 years of experience in product, data, and AI, aiming to integrate home search, brokerage, mortgage...
