The U.S. Postal Service is hiking stamp prices another 4.8% to “offset the rise in inflation.”
The Ratings Game: Nvidia ‘should have at least 90%’ of AI chip market with AMD on its heels
Nvidia Corp. stands to command “at least 90%” of market share in the AI chip market with Advanced Micro Devices Inc. poised in second place.
In One Chart: Fed’s reverse repo facility sees demand tumble to $1.8 trillion as Treasury bill deluge refills U.S. coffers
Demand for the Federal Reserve’s popular overnight reverse repo facility continues to drop from its near $2.6 trillion daily peak in the wake of the June U.S. debt-ceiling deal.
: FMC’s stock rocked after ‘breathtaking’ cut to revenue outlook
FMC Corp.’s stock was suffering its worst day in more than 3 years after the agricultural-chemicals company slashed its revenue outlook by a “breathtaking” amount.
Mark Hulbert: Why gold will beat the stock market in the coming weeks
Gold and gold mining stocks are once again poised for a significant rally.
Banking: Fed’s Michael Barr proposes new capital requirements for banks with $100 billion or more in assets
Barr said lowering the threshold for new capital requirements from $700 billion in assets would strengthen the banking system after recent bank failures.
Next Avenue: The mystery of the missing heir
It can take some detective work to find a missing beneficiary; that’s why one attorney started a company that tracks down individuals named in wills.
The Fed: SF Fed’s Daly says ‘a couple’ more rate hikes are likely this year to fight inflation
The head of the San Francisco Fed said a key interest rate is likely to be raised a “couple” of a more times this year to combat “persistently” high inflation.
: Bed Bath & Beyond cancels Buybuy Baby auction, but IP deal is moving ahead
Bed Bath & Beyond recently announced that Dream on Me has been selected as the winning bidder for Buybuy Baby’s intellectual-property assets.
: Inflation rates will keep cooling, consumers say — except in one notable area
Consumers say overall inflation rates should keep declining in the coming year, but home prices could be an exception to the cooling trend.
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