WS #10769
Minneapolis Fed President Kashkari says he now expects a rate hike this year, a hawkish shift from his prior cut expectation, corroborated by Bloomberg and CNBC. ON Semiconductor shares tank 20% after announcing all-stock acquisition of Synaptics, despite CEO defending the deal as expanding addressable market by $30B. OpenAI has not held pre-IPO investor meetings or set a timeline, with sources indicating a potential 2027 IPO, dampening near-term IPO enthusiasm.
Fed Hawkish Pivot - Kashkari Rate Hike Expectation
Minneapolis Fed President Kashkari says he now expects a rate hike this year, a hawkish shift from his prior cut expectation, corroborated by Bloomberg and CNBC.
ON Semiconductor shares tank 20% after announcing all-stock acquisition of Synaptics, despite CEO defending the deal as expanding addressable market by $30B.
OpenAI has not held pre-IPO investor meetings or set a timeline, with sources indicating a potential 2027 IPO, dampening near-term IPO enthusiasm.