Economic Wire: Intel’s stock jumps 11% as chipmaker rides AI boom to fastes
According to CNBC, Intel reported blowout second-quarter earnings Wednesday, with revenue growth hitting its fastest pace in nearly 15 years, sending shares up 11%.
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Economic Wire: Tesla, Alphabet lose hundreds of billions in value in post-e
According to CNBC, both Tesla and Alphabet lost hundreds of billions in combined market value Wednesday after their earnings reports, with both companies signaling sharply higher spending on…
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Economic Wire: Brent crude crosses $100 after tankers reportedly struck off
According to CNBC, Brent crude crossed $100 per barrel after reports of tanker strikes off Saudi Arabia, with President Trump simultaneously threatening to bomb Iranian infrastructure.
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Economic Wire: IBM lowers full-year forecast after earnings warning
According to CNBC, IBM lowered its full-year revenue forecast alongside its Q2 earnings report, and is now leaning on artificial intelligence, including a new internal coding tool called Bob, to…
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Economic Wire: Kevin Warsh has homed in on three key phrases. How Fed watch
According to CNBC, Kevin Warsh has made five public appearances since being nominated as Fed chair, and he keeps reaching for the same three phrases: “family fight” (13 times), “first principles”…
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Economic Wire: Houthis deploy missiles and drones to attack ships in southe
According to CNBC, Houthi forces have resumed missile and drone attacks on commercial ships transiting the Bab el-Mandeb strait, the narrow chokepoint where the Red Sea meets the Gulf of Aden.
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Economic Wire: Trump’s generic drug tariffs: What they could mean for medic
According to CNBC, the Trump administration’s proposed tariffs on generic drugs are raising serious questions about medicine prices, U.S.
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Economic Wire: Oil prices jump 4% as Rubio says U.S. will ‘continue to prot
According to CNBC, U.S. forces have struck Iran for 11 consecutive days, with Secretary Rubio framing the campaign around degrading Iran’s ability to threaten commercial shipping.
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Economic Wire: GM beats on earnings, raises guidance amid ‘resilient’ consu
According to CNBC, General Motors beat Wall Street’s earnings expectations in Q2 2026 and raised its full-year guidance, with analysts having expected adjusted EPS of $3.20 and revenue of $47.
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Economic Wire: U.S. Treasury yields edge higher as Wall Street monitors Mid
According to CNBC, the 10-year Treasury yield edged higher Sunday as Wall Street kept a close eye on escalating Middle East tensions. One basis point is barely a rounding error.
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Economic Wire: Federal Reserve Board issues enforcement action with former
According to the Federal Reserve, the central bank issued a formal enforcement action against the former chief lending officer of Heritage State Bank, a move that puts individual executive…
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Economic Wire: World Cup gave bars and restaurants a needed boost as consum
According to CNBC Economy, the Fed’s latest Beige Book shows the 2026 World Cup delivered a real lift to bars, restaurants, and hotels, but that boost isn’t spilling over into broader economic…
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Economic Wire: Warsh promises inflation will be a ‘thing of the past,’ cite
According to CNBC, incoming Federal Reserve Chair Kevin Warsh pledged Tuesday to “get monetary policy right” and make inflation “a thing of the past”, invoking the AI investment surge as a key…
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Inflation’s Surprise Retreat Is the Fed’s Permission Slip
According to CNBC, the Consumer Price Index rose 3.5% annually in June, coming in below the 3.8% consensus forecast as easing energy prices did a lot of the heavy lifting.
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Economic Wire: Japan’s bond market is back in play after decades in the wil
According to CNBC, Japanese government bonds (JGBs) have been selling off sharply as the Bank of Japan continues normalizing policy and investors grow uneasy about Tokyo’s fiscal trajectory.
