Wall Street is rattled
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Wall Street, earnings season and economic data
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Wall Street digested a surprisingly cool wholesale inflation reading and more big bank earnings, with one eye on Trump's latest tariff moves.
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PepsiCo (NASDAQ:PEP) is scheduled to announce Q2 earnings results on Thursday, July 17th, before market open. Wall Street, on average, expects the soda and snacks giant's giant to post a quarterly EPS of $2.
BofA Securities analyst Andrew Obin and Stephens analyst Tommy Moll both feel better about the outlook these days.
Anthropic's Claude for Financial Services validates AI replacing $500,000 quant jobs, democratizing billionaire-level trading intelligence for all firms.
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The New York Times said Trump waved a draft letter firing Powell at an Oval Office meeting late Tuesday. Trump had gathered a group of Republicans that had blocked a procedural vote that would have advanced crypto legislation, to convince them to let the legislation advance. Odds of Powell being fired surged to 40% on prediction market Kalshi.
As more people ask chatbots for financial advice, creating the right prompts is the key to getting useful answers.
OpenAI and other AI players are targeting Wall Street's quant stars with multimillion-dollar paydays
AI startups like OpenAI and Anthropic are targeting quants with a tantalizing pitch: eye-popping pay and a chance to build the future.
It's a trove of information for portfolio managers and macro-watchers to gauge, and trade policy news headlines are likely to continue breaking. On July 9, President Trump announced a surprise 50% levy on copper imports, followed by a steep 50% duty on Brazil. 1 Together, it put the materials sector in focus.
Los futuros de las acciones estadounidenses recortaron pérdidas de más temprano tras sólidos resultados corporativos que contrarrestaron preocupaciones por noticias comerciales.
Some top executives at Wall Street banks have been showing concern about higher inflation and potential deterioration of the U.S. economy as tariffs take effect, noting there has been more cautious behavior from corporate clients.