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Bloomberg
Financial

PG&E Falls on Liability Bill; Nvidia Rises on Chip Investment | Stock Movers

On this episode of Stock Movers: - PG&E (PGE) are extending their downward move as California legislators introduced a bill that would update the state's wildfire response without shifting liability away from publicly traded utilities. At least three research firms, including BMO Capital Markets and Wells Fargo, downgraded the stock. - Chevron (CVX) and ExxonMobil (XOM) shares are rising along with the price of oil. Washington and Tehran exchanged strikes for the first time in about a month, with US Central Command targeting rocket launchers preparing to send mines into the Strait of Hormuz. In response, the Islamic Revolutionary Guard Corps said that it had attacked US air bases in Jordan. - Nvidia (NVDA) shares are rising after the leader in AI chips dropped 4.6% Friday. It's the only stock rising in the Mag 7 on Monday.

Leia mais: PG&E Falls on Liability Bill; Nvidia Rises on Chip Investment | Stock Movers
Bloomberg
Financial

No Urgency for Fed to Hike Rates, Says MUFG's Goncalves

George Goncalves of MUFG discusses Fed Chair Kevin Warsh's hawkish Jackson Hole remarks, the outlook for inflation and interest rates, and what upcoming jobs and CPI data could mean for a potential Fed hike. He also examines Treasury yields, market expectations and the longer-term impact of AI on productivity and inflation. He joins Bloomberg's Vonnie Quinn on "Bloomberg Brief."

Leia mais: No Urgency for Fed to Hike Rates, Says MUFG's Goncalves
Bloomberg
Financial

No Urgency for Fed to Hike: Goncalves

George Goncalves of MUFG discusses Fed Chair Kevin Warsh's hawkish Jackson Hole remarks, the outlook for inflation and interest rates, and what upcoming jobs and CPI data could mean for a potential Fed hike. He also examines Treasury yields, market expectations and the longer-term impact of AI on productivity and inflation. He joins Bloomberg's Vonnie Quinn on "Bloomberg Brief."

Leia mais: No Urgency for Fed to Hike: Goncalves