J.P. Morgan Lifts S&P 500 Target on AI-Driven Earnings Outlook
J.P. Morgan’s Revised S&P 500 Outlook On Monday, J.P. Morgan increased its year-end target for the S&P 500 to 8,000, implying about 3.1% upside from the index’s last close of 7,757.64. The new projection adds to a broader wave of...
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Amazon lifts spending outlook as AWS growth offsets AI cash pressures
Strong quarter for AWS and group revenue For the quarter ended June 30, Amazon’s group-wide revenue reached $200.6 billion, surpassing analysts’ estimates of $196.16 billion. AWS sales rose 37% year-on-year to $42.2 billion, marking the division’s fastest growth rate in...
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Stripe and Advent International Make Joint $53 Billion Offer for PayPal
Details of the Proposed Transaction Payments company Stripe and private equity firm Advent International submitted the offer earlier in July, two unnamed sources said. The proposal, backed by about $50 billion in committed bank financing, implies a purchase price of...
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Fed officials divided on future path for interest rates
The minutes indicated that Fed officials discussed a wide range of scenarios for how the economy and monetary policy could evolve. Participants generally judged that upside risks to inflation remained elevated. A few officials noted that, given these risks, there...
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KOSPI Enters Bear-Market Territory as Chipmakers Lead Broad Tech Sell-Off
KOSPI Slides More Than 20% from June Peak The KOSPI fell as much as 5.4% during the session to an intraday low of 7,222.60 points before closing 5.35% lower at 7,246.79. The closing level placed the index more than 20%...
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