With Investors on Edge, Fed Minutes Take on New Urgency
Summary
Bank of America’s latest survey of global fund managers, released on Tuesday, carried the headline that it was “the least bearish” since February 2022, which was just before the Fed’s push to ramp up interest rates. The struggling retailer has been hit hard by shoppers pulling back on purchases amid high inflation, forcing the company to cut sales and profit targets. “We have to create a gazelle.” Donald Trump is a well-known technophobe, but the former president’s use of Twitter has become a key part of the special counsel’s case accusing him of conspiring to overturn the 2020 election — and Elon Musk’s company has been slammed for pushing back against the federal prosecutors’ demands. The billionaire tech entrepreneur, a self-described free speech absolutist, restored Mr. Trump’s account in December, and Ms. Howell wondered if the company’s delays were an attempt to woo the former president. Norway’s sovereign wealth fund, the world’s biggest stock market investor, is the latest to ride the wave after posting a profit of $143 billion in the first half of the year as A.I.
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