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Many governments look more prudent than the U.S. right now, but aging workforces and anemic growth mean debts look scary, even with a lift from AI.
New York Fed President John Williams, who has been a leading advocate of the central bank's “hold and wait” strategy on interest rates, sounded more open to an interest-rate increase in a television appearance Wednesday.
Chris Kampitsis, managing partner at Barnum Financial Group, thinks investors need commodities exposure as a hedge right now, and names oil, gold and silver. He also wants a little dry powder, because six percent on the 10-year is where he thinks equities stop looking appetizing, and insurers are already publishing 5.9% on seven-year guaranteed contracts.
Credicorp stands out as Peru's dominant banking franchise, consistently delivering enviable growth and outsized returns. BAP's strategic development of its own digital platform enables innovative products and services, reinforcing its industry leadership. Q2 2026 earnings results are impressive, with headline revenue figures capturing Wall Street's attention and further strengthening the investment case.
New orders for U.S. factory goods increased more than expected in July amid a rebound in demand for aircraft.
Clinuvel Pharmaceuticals Limited is a profitable orphan-drug biotech with SCENESSE driving over 90% of revenue and exceptional margins. Despite flat growth in FY2026, CUVL maintains a strong balance sheet with A$252.1M in cash and no debt, funding expansion and R&D internally. The upcoming CUV105 vitiligo trial is a major catalyst; success could transform CUVL's scale, but competition from AbbVie and Pfizer intensifies the risk.
The protracted Iran war has failed to achieve decisive U.S. or Israeli objectives, with Iran retaining key military and nuclear capabilities. Escalating conflict has driven oil above $90, fueling global inflation and pressuring U.S. bond yields and fiscal stability.
Supply chain headwinds have contributed to MOD's lumpy FQ1'27 performance, worsened by the sudden departure of the Data Center business leader. Otherwise, the management already reiterates the robust FY2027 guidance, with their ongoing capacity investments likely to be accretive from FQ2'27 onwards. Long-term data center cooling contract, outsized booking opportunities of up to $23B, and doubling backlog support MOD's multi-year AI beneficiary status.
Current tariffs punish recyclers and U.S. companies that make aluminum-based products while failing to revive domestic smelting.
Federal Reserve Bank of New York President John Williams said on Wednesday rising long-term bond yields aren't driven by inflation fears but are instead a reflection of a solid economy, in comments that also said he was still collecting information to drive his next monetary policy decision.
US indices are squishy in premarket trading as elevated interest rates keep pressure on stocks. The Nasdaq remains rangebound, while the Dow and S&P 500 are testing important support ahead of Friday's jobs report.
US Energy Secretary Chris Wright discusses details of Venezuelan oil production and exports, deals signed with Chevron, ENI, and GE Vernova, and offers an update on the Strait of Hormuz. He speaks with Tyler Kendall in Caracas, Venezuela.
Record S&P 500 profit margins reflect surging productivity, driven by AI and capital-intensive sectors, even as hours worked and labor share decline. Stripping out Alphabet and Amazon, S&P 500 margins remain at historic highs, highlighting narrow earnings growth concentrated in AI-exposed names.
The LLM Token Expenditures Index has collapsed by almost 60% in Q2, and this might force a stall or cut in AI capex as profit margins for hyperscalers shrink. Global yields are soaring, which means a higher cost of capital for hyperscalers, and possibly higher credit risk.
New York Fed President John Williams on Wednesday said he sees the recent rise in Treasury yields as the product of a strong economy. Williams added that he is taking a "wait-and-see" approach to whether an interest rate hike is necessary.
