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Crypto Breaking News

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Bloomberg

UPS Raises Outlook After Shedding Low-Margin Amazon Packages

UPS tumbled after its outlook for volume and profit margins underwhelmed investors looking for stronger signs of improvement as the courier unwinds its relationship with Amazon.com. Thomas Black, Bloomberg Opinion Columnist who covers logistics, manufacturing, and aerospace joined Bloomberg Intelligence to discuss.

Read more: UPS Raises Outlook After Shedding Low-Margin Amazon Packages
Bloomberg

Chipmakers Sink as Wall Street Rotation Powers On

A rotation that has seen Wall Street investors bail from high-profile chipmakers in favor of more economically sensitive industries picked up speed, driving the Nasdaq 100 toward a technical correction. Lori Calvasina, Head: US Equity Strategy at RBC Capital Markets and Amy Wu Silverman, Head: Derivatives Strategy at RBC Capital Markets, discuss the latest market moves as the AI trade drives sentiment.

Read more: Chipmakers Sink as Wall Street Rotation Powers On
Bloomberg

Fed Faces New Pressure to Hike Rates as Price Risks Rebound

Federal Reserve officials headed into their policy meeting this week confronting a resurgence in price pressures that could make their decision on whether to hold or hike interest rates a close call and a contentious one. Thierry Wizman, Director: Global Currencies & Interest Rate Strategist at Macquarie, discusses what he expects to see from the Fed's July decision, as well as expectations for the Bank of Japan.

Read more: Fed Faces New Pressure to Hike Rates as Price Risks Rebound