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Wall Street Breakfast

One more rate hike?

Wed, 26 Jul 2023

Description

One more Federal Reserve rate hike expected but hawks, doves differ on what's next. (00:33) PacWest (PACW) to merge with Banc of California (BANC) in all-stock deal. (01:18) UPS signs tentative five-year deal with Teamsters to avoid a costly strike. (02:29)Transcripts available on Seeking AlphaShow links:Alphabet earnings call: Full speed on AI, with refocused teamsMicrosoft slips even as Q4 results surpass estimatesStellantis reports 1H results; reaffirms FY23 guidanceMeta Earnings look-ahead: Ad business and AI to be the catalyst for the quarterSnap slides amid glum third-quarter forecastDish Network jumps, reportedly will sell Boost mobile service on AmazonCatalyst Watch: Earnings blitz, central bank meetings, UPS strike jitters and Barbenheimer

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