News

Hassett, Director of the White House National Economic Council: I met Warsh a few days ago and had a great chat with him.

Hassett, director of the White House National Economic Council: Iran's threat to the global economy has declined.

Hassett, director of the White House National Economic Council: I believe Warsh will guide the Federal Reserve to come to the right answer on the interest rate issue.

Data show Berkshire Hathaway, chaired by Warren Buffett, holds about $31 bln of Alphabet shares.

Russian Deputy Prime Minister Novak: There is sufficient supply of diesel in the Russian fuel market and there will be sufficient supply during the agricultural season.

Iranian government spokesman: Iran will never allow the United States to interfere in the management of the Strait of Hormuz. We warn countries in the Persian Gulf region that cooperation with Washington is equivalent to going to war with Iran.

Iranian government spokesman: The United States has violated basic humanitarian values ​​and established norms of international law.

German Chancellor Mertz: The submarine deal with Canada will bring orders worth double billions to German shipyards.

In the United States, the MBA 30-year fixed mortgage rate for the week ending July 10 was 6.65%, compared with the previous value of 6.58%.

The MBA Mortgage Purchase Index in the United States for the week to July 10 was 157.2, from the previous value of 169.5.

The MBA mortgage application activity index in the United States for the week to July 10 was 259.1, compared with the previous value of 266.3.

The MBA Mortgage Refinancing Activity Index in the United States for the week ending July 10 was 821.9, compared with the previous value of 794.4.

Financial Times reports multiple people familiar say the European Commission plans to issue several separate enforcement decisions against Google within the next week, imposing fines totalling in the hundreds of millions of euros. The measures are said to include the threat of daily penalty payments and new regulatory orders under the EU Digital Markets Act. Under the DMA, breaches can carry fines of up to 10% of global turnover; Alphabet’s revenue last year was $402.83 bln.

US President Trump: Good news! The House passed a bill I supported to make Daylight Saving Time permanent.

According to the Financial Times: Brussels is preparing to impose a new round of fines on Google, as supervision of large technology companies increases.

Mizuho Bank: Lowered its target price for Microsoft (MSFT.O) from $515 to $490.

Kremlin: The United States has no chance of solving the Ukraine problem now.

Wells Fargo: Lowered its target price on Microsoft (MSFT.O) to $625 from $650.

Wells Fargo: Raise price target on JPMorgan Chase (JPM.N) to $375 from $360.

Wells Fargo: Raise target price on Bank of America (BAC.N) to $69 from $67.