Two officials of the Federal Reserve indicated that it is necessary to reform the discount window tool.

Boorman, a director of the Federal Reserve, and Logan, the president of the Dallas Federal Reserve, suggested that the Federal Reserve should assess to what extent its emergency lending tools can meet the liquidity needs of the banking system, implying the need to reform the discount window.

Zhitong Finance01:22 ET

Wall Street Today | Market Faces Second-Day Pullback

The overall market pulled back for the second day in a row Thursday after a semiconductor sell-off Wednesday.

Column16:31 ET

S&P 500, Nasdaq and Dow Jones Industrial Average All Sink Thursday

The market eased Thursday, adding to a semiconductor sell-off on Wednesday.

Moomoo News16:00 ET

OpenAI Reportedly Rolls Out Smaller, Cheaper Iteration of Flagship AI Model

ChatGPT-maker OpenAI unveiled on Thursday GPT-4o mini, a smaller, cheaper version of its most capable AI model, GPT-4o, according to media reports.The new model will be available Thursday for free

MT Newswires12:33 ET

TSM, Nvidia, Tesla Climb Thursday Morning | Herd on Wall Street

Morning traders, happy Thursday, July 18th we celebrated the grand opening of the moomoo JC office today! My name is Kevin Travers, and here are stories from the moomoo herd on Wall Street today.

ColumnJul 18 10:34 ET

The Table Turns: Five Sessions of Falling AI Semiconductors While Dow Climbs

The market pulled back Wednesday, as AI and semiconductor stocks pulled back hard while slower-growing stocks on the Dow Jones led the index to a fresh closing and intraday high.

ColumnJul 17 16:54 ET