BlackRock's Chaudhuri Expects Two Rate Cuts This Year

Gargi Chaudhuri, BlackRock chief investment strategist for the Americas, expects the Federal Reserve to cut rates twice this year, once in September and then likely in December. She is on "Bloomberg The Close."

Bloomberg23:54 ET

Apple has risen significantly, but Berkshire Hathaway has stagnated.

Apple's stock price hit a new high, surpassing Microsoft and Nvidia, becoming the company with the largest market cap in the world. However, Berkshire Hathaway, which holds a heavy position in Apple, has a cumulative increase of about 12.59% this year, still underperforming the S&P 500 index over the same period.

wallstreetcn21:06 ET

S&P 500, Nasdaq Build On Record Highs As Powell Testimony Keeps Rate Cut Hopes Alive

The S&P 500 and Nasdaq nabbed new record closes on Tuesday (and also each notched their sixth straight day of gains) as rate cut hopes remained intact after Federal Reserve chair Jerome Powell kicked off his semiannual update to Congress. The S&P 500 (^GSPC) finished just above the flatline to book its 36th record close [...]

Business Today20:28 ET

7/10 [Strengths and Weaknesses]

[Bullish and Bearish Materials] The Nikkei Average is rising (41580.17, +799.47), and the Nasdaq Composite Index is rising (18429.29, +25.55). The dollar exchange rate is 161.20-30 yen. There are expectations for inflation stabilization in the United States and a request for improved corporate value from the Tokyo Stock Exchange. Bearish materials include the Dow Jones Industrial Average falling (39291.97, -52.82), Chicago Nikkei futures declining (41515, compared to Osaka: -105), the SOX index decreasing (5765.20, -0.01), and the VIX index rising (12).

Fisco Japan20:01 ET

Yellen and Powell agree: the US labor market is weakening the push for inflation, and inflation pressures may continue to ease.

The current labor market is no longer the primary factor driving inflation in the US economy, as it was in the early stages of the pandemic recovery.

Zhitong Finance19:44 ET

Made billions of dollars in profit in the second quarter! The bear market stays steady with no hindrance to the rise of US stocks.

According to the Zhitong Finance APP, in the second quarter of this year, bearish investors in the US stock market made significant profits. Despite the overall market continuing to rise, they successfully shorted some US symbols.

Zhitong Finance19:39 ET