Wall Street ends sharply lower on fears of aggressive Fed
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Instacart's Growth Continued in Q2 Ahead of IPO - WSJ
August 22, 2022 3:44 PM EDTUS grocery delivery firm Instacart experienced significant growth during the pandemic, as consumers flocked to the service during lockdowns.
That growth continued in the second quarter, with consumers sticking to online grocery deliveries despite soaring inflation and store reopenings ahead of its initial public offering, the WSJ said on Monday.
The company is preparing to go public later this year... More
'Positioning and Declining Inflation to Support Further Recovery' - JPMorgan
August 22, 2022 1:52 PM EDTJPMorgan analyst Marko Kolanovic told investors in a note Monday that declining inflation and very low investor positioning will support a further recovery in markets.
The analyst also maintained their stance that inflation will resolve on its own as "distortions fade, and likely drive a Fed pivot, while a stronger H2 recovery in China should provide support for the global cycle."
"This, in combination... More
