Bank of England holds rates but three dissenters vote for hike
The Bank of England maintained interest rates at 3.75% with three policymakers voting for a hike amid Middle East tensions threatening to spark renewed inflation pressures.
CPKC income higher as revenue sets new second-quarter record
CPKC posted a second-quarter revenue record of $3 billion, with operating income rising 10% to $1.06 billion, driven by strong grain, automotive, and energy shipments.
Bristol Myers raises 2026 forecast as Eliquis, newer medicines power results
Bristol Myers Squibb raised its full-year revenue and profit forecasts after second-quarter results exceeded analyst expectations, driven by strong sales of blood thinner Eliquis and newer medicines including heart drug Camzyos and anemia treatment Reblozyl.
Fintech broker Clear Street offers investors pre-IPO access to $188 billion AI giant Databricks
Clear Street, a fintech prime brokerage, is launching a platform to give accredited investors pre-IPO access to private companies, beginning with AI software firm Databricks valued at $188 billion.
Treasury Secretary Bessent backs rate cuts but says he understands if the Fed wants to wait
Treasury Secretary Scott Bessent expressed confidence that inflation will moderate this year, supporting interest rate cuts, while acknowledging the Federal Reserve’s caution given ongoing geopolitical developments.
Berkshire shares trade lower even after Abel scores good marks at meeting, earnings jump
Berkshire Hathaway shares declined Monday despite CEO Greg Abel’s strong debut at the annual meeting and first-quarter operating earnings that jumped 18% year-over-year.