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The Boston Fed president, who has been part the central bank's more cautious center, says recent data have been mixed.
Credo enters its Q1 FY2027 earnings report on September 1, with consensus expecting $470.38 million in revenue, representing approximately 111% year-over-year growth. FY2027 optical revenue is expected to be above $600 million, creating the next major growth engine beyond Credo's AEC franchise. Analysts expect revenue to accelerate from $515 million in Q2 toward $810 million by Q4 as optics scale.
Kevin Warsh's upcoming Jackson Hole speech is pivotal for bond markets and the S&P 500, given recent Treasury interventions and hotter-than-expected headline inflation. Warsh's 'less is more' communication risks unsettling markets; investors seek explicit commitment to the 2% inflation target and Fed independence amid Treasury buybacks.
Dick's Sporting Goods has faced challenges fixing Foot Locker since acquiring it last year. Some skeptics are asking: “Why buy it in the first place?
Shares in Ross Stores continue to outperform the broader discount retail market, with YTD gains of over 30%. The company put out another strong quarterly release in mid-August which included beats on both the top and bottom lines, as well as raised forward guidance. At nearly 30x forward earnings, the stock commands a sizeable premium relative historical averages, but current results could justify this.
Kevin Warsh's inauspicious start as chairman of the Federal Reserve has guaranteed that his speech on Friday at the central bank's annual Jackson Hole conference will command rapt attention. Bloomberg Surveillance Host Tom Keene discusses his expectations for this Jackson Hole meeting and the long awaited speech from Fed Chair Warsh.
InfuSystems has shifted to a profit-focused strategy, driving a 24% FY25 adjusted EBITDA increase and maintaining strong margins despite GE contract restructuring. Wound Care revenue surged 154% due to partnerships and favorable reimbursement, while Oncology achieved record volumes and robust Patient Services growth. INFU's balance sheet remains conservative, with net debt at 0.61x EBITDA, $55.2M liquidity, and ongoing share repurchases reducing share count by 5% in H1.
A coalition of U.S. farm and biofuel groups has urged President Donald Trump to reject a proposed expansion of exemptions from the nation's biofuel blending requirements, warning that a surge in waivers for small refineries would hurt rural America by undercutting demand for American crops and renewable fuels.
ScottsMiracle-Gro is 158 years old and its new CEO says it is now a lifestyle company. Nate Baxter got smirks when he said it internally, and he tells Brian Sozzi why he means it: the company wants to talk about the backyard, not the bag.
Bloomberg's Lisa Abramowicz is in Jackson Hole, Wyoming ahead of the Federal Reserve's annual gathering. Fed Chair Kevin Warsh delivers his highly anticipated speech Friday morning.
Fed's Hammack says 'now is the time to act' on raising interest rates
U.S. natural gas futures remained higher after weekly storage data came out.
Bloomberg's Sridhar Natarajan joins Dani Burger on "Bloomberg Deals." TWG Global, the holding company at the heart of Mark Walter's empire, defended itself against what it called “multipronged attacks” on its business as regulators and US prosecutors continue to probe the firm.
Mark Zandi, Chief Economist at Moody's Analytics, says Nvidia is a “juggernaut” and that AI accounts for at least a quarter of economic growth. Zandi thinks AI is already supporting the demand side of the economy and adding modestly to inflation, but clear productivity gains have not yet appeared.
Nasdaq 100 and S&P 500 gain after Nvidia earnings while Dow Jones lags, with 53,000, 7,600 and 7,800 marking key levels in the index outlook.
