Insights, Analysis, and Perspective on Wall Street.
Iran issued new demands to Washington over the weekend — including a port blockade lift, troop withdrawal, and war damages — before it will fully reopen the Strait of Hormuz, as the UAE reported one of its ships was struck by an Iranian missile.
Berkshire Hathaway earnings rose last quarter as CEO Greg Abel began deploying Warren Buffett’s massive cash reserve, offering an early signal of how Berkshire’s capital strategy may shift under new leadership.
The S&P 500 closed at a record 7,758 after a weak July jobs report cooled expectations of further Fed rate hikes, capping the market’s best week since April as the Nasdaq rebounded over 10% from its recent correction.
The Senate confirmed Todd Blanche as attorney general by a narrow 50-49 vote early Saturday, after Sen. Bill Cassidy’s last-minute support offset opposition from fellow Republicans Susan Collins and Lisa Murkowski.
Costco agreed to a $14 million settlement over its email practices. Eligible members can claim up to $500, but the claim deadline is August 24 — here’s how to check your eligibility.
The Senate voted down a resolution that would have limited military action against Iran, after Sen. John Fetterman crossed party lines to vote with Republicans, leaving the administration’s current authority unchanged.
Trump announced an agreement for Hamas to fully disarm and for Israel to withdraw troops from Gaza, building on last year’s ceasefire — though major questions remain about how the deal would actually be implemented.
Amazon CEO Andy Jassy says the company will spend $220 billion on AI infrastructure this year and still won’t have enough capacity to meet demand, as capex becomes the most closely watched number in Big Tech earnings.
Amazon stock jumped as much as 13% on blowout Q2 results while Apple slid on weak China and Services numbers, as South Korea’s KOSPI surged 18% in an unprecedented single-day rally led by SK Hynix.
A rate pause and a rate cut send very different signals to markets. Here’s the difference and what each one usually means for your portfolio.
