Warsh Says Inflation Outlook Has Improved but Won't Say if Fed Should Hike Rates
The Fed chairman declined to say how the Fed will approach an upcoming debate over whether to raise rates, calling the coming meeting a "good family fight."
----
Bank Stocks Rally, Chips Pull Back in Mixed Day of Trading
The S&P 500 closes 0.2% lower as investors look ahead to the jobs report.
----
U.S. Plunges Trade Pact With Canada and Mexico Into Doubt
Washington declined to renew the deal by a deadline on Wednesday, setting it up for annual reviews.
----
Private Sector Hiring Grew Slightly Below Expectations Last Month
Private companies added a net 98,000 jobs in June after adding 122,000 jobs in May, human-resources company ADP said.
----
U.S. Factory Activity Continued to Expand in June
The Institute for Supply Management's purchasing managers' index was 53.3 last month, 0.7 percentage point lower than in May.
----
The World's Top Economists Are Sounding the Alarm on AI
Several have joined the chorus of voices warning about the potential global fallout if the AI boom turns to bust.
----
Michael Burry Cites 'Beginning of the End' With New AI Short Bets
Tesla, Caterpillar, Applied Materials and an ETF of chip stocks are in the idiosyncratic investor's crosshairs.
----
Eurozone Inflation Declines as Energy Shock Fades in Relief for ECB
Inflation fell to 2.8% in June, increasing the likelihood that the European Central Bank will hold rates steady later this month.
----
U.S. Crude Oil Inventories Extend Decline
Commercial crude oil stocks excluding the Strategic Petroleum Reserve fell by 3.8 million barrels to 408.4 million barrels in the week ended June 26, and were about 7% below the five-year average for the time of year, the EIA said.
----
Equity-Market Fundraising at Most Exuberant Since 2021, Mergermarket Says
Tech deals accounted for a record $302 billion of global issuance in the first six months of the year, raising questions around investor capacity to absorb IPOs expected in the coming months.
----
Yen Hits Fresh 40-Year Low Versus Dollar
The yen hit a fresh 40-year low against the dollar in Asia on Wednesday, keeping traders on high alert for possible currency intervention by the Japanese government.
----
China Manufacturing Gauge Shows Slower Growth in Activity
A private gauge showed China's manufacturing activity grew at a slower pace in June due to tapered factory production, diverging from a pickup shown in a competing index.
----
South Korea's Exports Surge by Most Since 1978 on Red-Hot Demand for Chips
The global artificial-intelligence buildout continues to fuel demand for chips.
----
Bitcoin ETFs were supposed to make selloffs less painful. That theory is being put to the test.
Crypto investors had hoped that increased institutional adoption and a crypto-friendly administration could help the largest cryptocurrency avoid the painful cycles it once experienced.
(END) Dow Jones Newswires
July 01, 2026 19:00 ET (23:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments