Financial stocks have been among the market’s best performers this month. The Fed’s next move, however, may determine how much further the rotation can run.
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note USD/SGD reversed its New York-session plunge after softer United States (US) Consumer Price Index (CPI), closing near 1.2910. UOB’s Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) model suggests the Singapore Dollar will stay 1.50–2.00% above midpoint, implying a 1.2874–1.2939 USD/SGD range intraday. Short-term,…
President Donald Trump said Wednesday he may no longer be interested in even trying to reach a deal with Iran, hours after declaring their recent ceasefire agreement “over” in light of renewed hostilities in the Strait of Hormuz. “I’m not sure I want to make a deal with them,” Trump said of Tehran during a…
US President Donald Trump speaks during an announcement in the Oval Office of the White House in Washington, DC on July 29, 2026. Ken Cedeno | AFP | Getty Images President Donald Trump wants Congress to add tariffs on Iran to a sanctions bill against Russia and Tehran that has bipartisan support. Those duties would…
Alphabet is releasing three new Gemini models on Tuesday, including its clearest answer yet to Anthropic‘s lead in cybersecurity, as the company looks to show progress across a product pipeline that has faced delays and mounting competition. Gemini 3.5 Flash Cyber is designed to detect and patch software vulnerabilities and will initially be available only…
“She said it’s the second message they have left.”
AI predicts; humans use its predictions to make decisions. These predictions are combined with human verification and analysis, queries to other statistical models, and so on. The economic value of an AI, therefore, depends on how it interacts with the surrounding decision environment. We describe the value of AI as part of this “composite experiment”…
