Bank of America warns the US dollar faces a "toxic mix" as the Federal Reserve considers cutting rates amid rising inflation β a rare scenario likened to 2007 that could pressure the currency lower. #USD #FiatNews
Wall Street traders cooled expectations for Federal Reserve rate cuts after wholesale inflation data. Markets now price a cumulative 50 bps cut by year-end, and the probability of a September cut fell to 85% from over 100% previously. #Fed #FiatNews
A summit between Donald Trump and Vladimir Putin on the war in Ukraine will take place at an Alaska military base from 21:00 CET. Trump sought to temper expectations for a breakthrough and suggested a possible second meeting could include some European leaders; media reports say the meeting may also divert attention from Trumpβs domestic challenges. #Trump #Putin #FiatNews
Kofola has bought 100% of ASO VENDING, the largest operator of coffee, food and drink vending machines in Slovakia. Rastislav KrΓ‘ΔΎ will head the business; Daniela DlouhΓ‘ replaces him as Kofola ΔeskoSlovensko retail director. Transaction value not disclosed. #Kofola #FiatNews
European equity futures: Euro Stoxx 50 +0.6%, FTSE 100 +0.6%, DAX +0.5%. #FiatNews
Equities snapshot: S&P 500 eased 0.1% after recent highs. Notable movers: Deere & Co. fell about 6.8%, Tapestry dropped 15.8%, Cisco fell 1.6%. Intel jumped 7.4% after reports the White House is weighing an equity stake in the company. #SP500 #INTC #FiatNews
Krugman on AI: the current surge could be both a bubble and a source of long-term technological benefit, similar to the internet era. He stressed these systems arenβt intelligence in the human sense but statistical models that generate likely answers based on dataβbetter described as βlarge language models.β #AI #FiatNews
Intel jumped 7.4% late in the session after a White House report said the Trump administration is considering taking an ownership stake in the company. #INTC #FiatNews
Cisco Systems shares slipped 1.6% after the networking company issued a stronger-than-expected revenue outlook for Q1 but warned that broad U.S. tariffs would have a negative impact and make business outcomes harder to predict. #CSCO #FiatNews
Tapestry shares plunged 15.8% after the fashion group released revenue estimates for the current fiscal year that missed Wall Street expectations. #TPR #FiatNews
