White House officials say the Bitcoin and cryptocurrency market structure bill is about to pass
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Goldman Sachs and JPMorgan turn hawkish together! With persistent inflation and $100 oil prices looming, is a Federal Reserve rate hike in September already a foregone conclusion?
Due to higher-than-expected inflation and oil prices breaking $100, Goldman Sachs and JPMorgan have turned hawkish. They expect the Federal Reserve to raise interest rates by 25 basis points this week, with the market's probability of a rate hike surging to 87%.
Morgan Stanley maintains "Neutral" rating on Oracle (ORCL.US): OCI performance meets expectations, but structural pressure on gross margin remains a valuation constraint
Morgan Stanley analyst Sanjit Singh has maintained a "neutral" rating on Oracle and set a target price of $210 in his latest report.
Surging oil prices reinforce rate hike expectations, putting pressure on gold prices
The US Dollar Index (DXY) rises 0.3% to 99.453, reaching an 11-day high.
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