South Korea’s central bank has held its policy rate steady for a fourth consecutive time amid signs that inflation is easing and growth is weakening.
: FTC will appeal judge’s ruling clearing Microsoft-Activision deal
The Federal Trade Commission late Wednesday filed notice that will appeal a judge’s ruling this week that gave Microsoft Corp. the green light to proceed with its $69 billion acquisition of Activision Blizzard Inc.
MarketWatch First Take: Bob Iger’s repairs at Disney’s crumbling castle need more time
Walt Disney & Co. extends CEO Bob Iger’s contract another two years.
In One Chart: S&P 500 could top the 4,500 mark, but not for long, says Oxford Economics
Don’t get too giddy if the stock market eclipses the 4,500 mark, because a recession still looks likely, says John Canavan at Oxford Economics.
: Disney extends CEO Bob Iger’s contract through 2026
Iger returned to Disney in November, replacing Bob Chapek.
: Growing ‘debt divide’ in the U.S. sees some pulling ahead as others fall further behind
Loans are getting more expensive, and many lower-income households lack the resources to get their debt under control.
The Ratings Game: Microsoft cybersecurity expansion poses long-term ‘ramifications’ for Palo Alto Networks, Cloudflare, others
Cybersecurity stocks fell Wednesday after Microsoft announced an expansion into network security, and rebranded its Azure Active Directory to reflect that.
: As food prices rise in June, analysts warn of a ‘tipping point’ for Americans
Grocery prices were 5.7% higher in June compared to a year ago, and dining out was 7.7% more expensive.
Market Extra: U.S. Dollar Index chart breakdown warns that further losses loom
The ICE U.S. Dollar Index fell through important chart support Tuesday, sending a message that further losses may be looming.
The Ratings Game: Meta earnings could show how AI is already paying off
Meta’s July 26 earnings could show a rosy picture for Instagram, and the company might have artificial intelligence to thank in part for the momentum.
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