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JPM sees blockchain rivals grow; its own blockchain transactions are up 30x since 2023.
Iran-linked proposal suggests Hormuz transit may be limited to ~10–15 ships daily with IRGC oversight and tolls, even during ceasefire. Signals risk of prolonged supply constraints, with war set to resume if talks fail.
RBNZ holds OCR at 2.25% as Middle East oil shock lifts inflation outlook to ~4.2% while growth weakens. Bank signals patience but warns it will act if inflation expectations rise, highlighting rising stagflation risks.
ABBV's dividend grows 5.5% with 3.2% yield. Strong Skyrizi/Rinvoq sales boost earnings 45% by 2026. Trades at 17x forward earnings.
AI shifts to networking & inference. AVGO, GOOGL, ANET lead. AMD & ARM eye CPU growth. Watch valuations!
Apple dips on foldable iPhone woes, but services growth fears may hit valuation. Watch Q2 earnings!
Oil surge sparks food inflation fears. Conagra's margins dip 2.1%, pressuring Walmart's 0.08% gross margin gains.
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