Wednesday's post-midterm bubble in markets popped on Thursday, with AI companies reversing the previous day's gains. Is it a reassessment of what Democratic control of the US Congress would mean to the AI industry? Or is it a continuation of a trend away from the sector? Columnis ...Show more
Why the slowdown in Wall Street deals?
What started as a boom year for mergers on Wall Street has started to fade. There have indeed been some megamergers, such as the $111bn Paramount-Warner Bros Discovery deal. But as the cost of borrowing has ticked up and markets have pared back gains, the appetite for new deals h ...Show more
The Fed chairman reiterated a wait-and-see approach on rates with tariff impact uncertain. (0:15) Consumer confidence unexpectedly tumbles. (1:39) Trump lashes out at Israel and Iran. (2:04)Show NotesOil prices sink on Iran export expectationsDoughnut divorceSpeeding Tesla robota ...Show more
Fed deja vu: Powell calls tariff inflation transitory
The FOMC keeps rates steady, but with two dissenting votes. (0:16) Odds of a rate cut in September fall below 50%. (1:33) Stocks sell off and yields rise as Chairman Powell speaks. (1:46)Show NotesQ2 GDP tops forecasts, but underlying growth a worry Episode transcripts seekingalp ...Show more