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ICYMI – UAE plans new Fujairah port to bypass Strait of Hormuz, FT reports !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz

Wells Fargo has one job to do to sustain its struggling stock’s recent bounce. It’s not complicated. The stakes are high going into earnings on Tuesday morning, following two consecutive lackluster quarters . Wells Fargo’s path back into our good graces is simple: It needs a clean beat across key metrics. “It has had two mixed quarters back to back. That should create an easier setup into earnings. The expectations are low, but just because expectations are low doesn’t mean we should give it a pass,” Club portfolio director Jeff Marks said during Monday’s Morning Meeting . “We do need…

A leading Democratic senator has written to the JP Morgan Chase boss Jamie Dimon to request clarification on the bank’s contact with the child sex offender Jeffrey Epstein.Elizabeth Warren, the top Democrat on the senate banking committee, wrote to the Wall Street grandee last week to ask if he took advice from Epstein while lobbying against a UK tax on banker bonuses, in a letter published by the US senate’s banking, housing and urban affairs committee.“It is critical that Congress and the American public fully understand the extent of any interactions the bank and you had with Epstein,” the senator…

Michael Siluk | UCG | Universal Images Group | Getty ImagesLosing weight with GLP-1 drugs is only half the battle. Keeping it off long term has proved even harder.Factors such as side effects, high out-of-pocket costs, injection fatigue and stigma around obesity treatment drive troves of patients – some studies estimate roughly half or more – to stop GLP-1s within a year and risk regaining the weight they lost. Years from now, Vivani Medical believes a tiny GLP-1 implant placed under the skin could help address that problem. The biotech company is in the early stages of developing an experimental implant of…

Goldman Sachs has three preferred Chinese artificial intelligence models, only one of which is publicly traded. The investment bank on Friday initiated coverage on Hong Kong-listed Zhipu , also known as Knowledge Atlas, with a price target of 1,880 Hong Kong dollars ($239.83). That’s nearly 15% upside from where the stock closed that day. The company has skyrocketed since its listing in Hong Kong in January. The company gained further attention in recent weeks as its open-sourced GLM-5.2 model is considered to rival Anthropic’s Fable 5 on several metrics. “With its latest GLM5.2 model reaching near-frontier performance that has seen…

A supporter checks the gambling site ‘Kalshi” just before State Assembly member, Alex Bores (D-NY) gives a speech to supporters at his watch party at The Freehand Hotel after conceding the congressional race to Micah Lasher who will replace Rep Jerry Nadler (D-NY) in NY’s 12th Congressional District on June 23, 2026 in New York City. Laura Brett | Getty ImagesInsider trading is an emerging risk in the new world of prediction markets, and some companies – including Goldman Sachs – are taking steps to limit employees’ trades on the platforms.Goldman Sachs has banned its employees from trading on contracts…

Global stock markets have been under pressure as geopolitical tensions have resurfaced in the Middle East. Moreover, investors remain concerned about the sustainability of AI-driven demand and infrastructure spending. Nonetheless, those looking for attractive stock picks amid the ongoing volatility can gain key insights by tracking the recommendations of top Wall Street analysts. These experts assign ratings after in-depth analysis of a company’s fundamentals, growth opportunities, and risks.Here are three stocks favored by some of Wall Street’s top pros, according to TipRanks, a platform that ranks analysts based on their past performance.AmazonE-commerce and cloud computing giant Amazon (AMZN) is this week’s first…

Oil prices rose and U.S. stock-index futures slipped on Sunday, after the U.S. and Iran continued their tit-for-tat attacks around the Strait of Hormuz over the weekend.

Live cattle futures are trading with 80 cent to $1.80 losses at midday. Cash trade kicked off on Thursday at $247-248 across the country, a $7-8 drop from last week. The Friday Fed Cattle Exchange online auction showed $248-248.50 sales on 536 of the 1,356 head. Feeder cattle futures are trading with $2.50 to $2.75 losses on Friday. The CME Feeder Cattle Index was back up $3.70 on July 8 to $374.45. Wholesale Boxed Beef prices were higher in the Friday AM report, with the Chc/Sel spread at $14.25. Choice boxes were up $3.09 at $383.90, with Select $6.16 higher to…

CFTC Chairman Michael Selig joins ‘Mornings with Maria’ to discuss the push to pass the Clarity Act, the future of crypto regulation, the rise of prediction markets and how the agency is responding to market volatility amid Middle East tensions. The Department of Justice is planning to drop charges against a Colorado man accused of running a cryptocurrency fraud that allegedly netted him $722 million. Matthew Goettsche and several others were indicted in 2019 over claims he defrauded investors with his crypto mining firm, BitClub Network. He rewarded investors for recruiting new members, prosecutors said, the classic structure of a…