The Dow Jones Industrial Average trades near 53,000 and roughly 250 points higher, having opened just above 52,750, dipped to a session low beneath the rising 50-day Exponential Moving Average (EMA) near 52,700, and recovered the whole of that ground. The rebound attempt arrives after three consecutive lower sessions and…
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OCBC’s Sim Moh Siong and Christopher Wong highlight that higher Oil prices and renewed US-Iran tensions have pushed global bond yields higher and strengthened the US Dollar, with markets fully pricing a 25bp Federal Reserve (Fed) rate hike by October. Fed Governor Barr’s comments that further rate increases may be warranted reinforce this hawkish backdrop, while they remain modestly constructive on the USD through early 2027.Higher yields and policy repricing”The renewed escalation in the Middle…
Here’s a novel problem companies may have to deal with in the AI era.A nefarious…
This as-told-to essay is based on a conversation with Lauryn Bosstick, the 40-year-old founder and…
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An entire batch of Russian low Earth orbit satellites, intended to help create Moscow’s version of Starlink, has failed to reach or remain at their anticipated altitudes just over a month after launch.The 16 Rassvet-3 satellites, launched on July 19, were originally supposed to orbit the Earth at an altitude of…
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View MoreThe Department of Justice (DOJ) Antitrust Division on Tuesday said it had expanded its investigation into beef affordability to include eight of the largest grocery retailers in the United States. The expansion comes after the DOJ launched an antitrust probe in May into the “Big Four” meatpackers — JBS, Cargill,…
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Ikea’s operators are betting more than a billion dollars on slashing the prices of some of its most popular products.Ikea’s largest franchise owner, Ingka Group, said Tuesday it would invest 1.2 billion euros, or about $1.39 billion, with other Ikea franchises and the Inter Ikea Group to lower prices for…
