According to a new report from Bank of America, speculative bets against the Japanese yen have reached stretched levels, increasing the risk of a market sell-off. The analysis follows data showing foreign investors sold both Japanese bonds and equities in June.
The Bank of Israel has lowered its key interest rate for the second consecutive time, reducing it to 3.50% in response to a persistently strong shekel and moderate inflation. The move brings borrowing costs to their lowest point since late 2022.
U.S. stock futures dropped and crude oil prices climbed Wednesday after President Donald Trump said an interim peace agreement with Iran is 'over.' The market reaction reflects heightened geopolitical tensions following recent military exchanges between the two nations.
Target shares increased on Wednesday following favorable commentary from Wall Street analysts who cited rising customer foot traffic and new in-store strategic initiatives. The positive outlook comes as the retailer prepares for a significant refresh of its beauty section in the autumn.
U.S. Treasury yields rose on Tuesday as financial markets anticipated a hawkish tone in the upcoming release of the Federal Reserve's June meeting minutes. The move comes amid a broader sell-off in government bonds, with European yields also increasing.
Jeff Bezos's space company, Blue Origin, is reportedly raising $10 billion in its first external funding round, which would value the aerospace firm at $130 billion.
According to a Bank of America analysis, speculative short positions against the Japanese yen have reached stretched levels, increasing the risk of a market sell-off. The report highlights that foreign investors sold Japanese bonds and equities in June amid growing fiscal concerns.
Amazon has achieved a key milestone with its satellite internet constellation, while Rocket Lab has reportedly moved to acquire Iridium Communications. These developments intensify the race against competitors like SpaceX for finite orbital resources as a crucial U.S. Federal Communications Commission vote on licensing approaches.
Brokerage firm D.A. Davidson has begun coverage of two social media platforms, issuing a Buy rating for Pinterest and a Neutral rating for Snap. The firm sees more immediate growth potential for Pinterest's advertising business and user engagement.
