Union Pacific Explores Deal for Norfolk Southern, WSJ Says
The talks are at an early stage and there's no guarantee they will reach a deal, according to the report, which cited unidentified people familiar with the matter.
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BoC stands pat on interest rates, flags economic slack and tariff risks
-- The Bank of Canada kept its benchmark interest rate unchanged at 2.75% on Wednesday, with Governor Tiff Macklem highlighting persistent uncertainty around U.S. trade policy and signs of underlying inflation pressure. Speaking in Ottawa, Macklem said the central bank remains cautious as it navigates a fragile economic landscape shaped by tariffs, volatile global growth, and evolving inflation dynamics. 'Today, Governing Council held the policy interest rate at 2.75%,' Macklem said. 'This decision reflects three main considerations: uncertainty about US tariffs on Canada, resilience in Canada's economy, and underlying inflation pressures.' The bank and deposit rates also remained unchanged, sitting at 3% and 2.70%, respectively. The central bank opted once again not to present a conventional Monetary Policy Report forecast, instead offering scenario-based guidance to reflect a murky policy environment marked by tariff negotiations between Washington and its trading partners. The three scenarios include a baseline assuming existing tariffs remain in place, along with alternatives where trade barriers either escalate or recede. Though U.S. tariffs have so far had a smaller impact than initially feared, the Bank warned of heightened risks that continue to weigh on sentiment and forward-looking investment. 'Growth in spending by Canadian businesses and households is being restrained by uncertainty,' Macklem noted, with data suggesting 'excess supply in the economy has increased since January.' Canada's economy showed strength early in the year as businesses accelerated exports before tariffs took effect, but output is now correcting. The central bank expects modest GDP growth of 1% in the second half of 2025, assuming trade flows stabilize and households begin to spend more steadily. Inflation remains near the Bank's 2% target, but with signs that core price pressures persist. 'A range of indicators suggest underlying inflation has increased… to around 2½% more recently,' Macklem said, pointing to elevated goods inflation and lingering pressure from shelter costs, even as expectations among businesses ease somewhat. Macklem emphasized that the Bank is ready to adjust course if disinflationary pressures outweigh upward cost drivers. 'If a weakening economy puts further downward pressure on inflation and the upward price pressures from the trade disruptions are contained, there may be a need for a reduction in the policy interest rate,' he said. For now, policymakers say they are proceeding cautiously as they monitor how tariffs evolve and how those changes ripple through employment, investment and household behavior. 'We are focused on ensuring that Canadians continue to have confidence in price stability through this period of global upheaval,' Macklem concluded. Related articles BoC stands pat on interest rates, flags economic slack and tariff risks Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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22 minutes ago
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Palo Alto Networks buying CyberArk in cash-and-stock deal valued at about $25 billion
Cybersecurity company Palo Alto Networks is buying CyberArk in a cash-and-stock deal valued at approximately $25 billion. CyberArk, which is based in Petach-Tikva, Israel, develops software that detects attacks on privileged accounts. CyberArk shareholders will receive $45 in cash and 2.2005 shares of Palo Alto Networks common stock for each share of CyberArk that they own. Palo Alto Networks Inc. said Wednesday that the transaction will give it access to the identity security market. 'Our market entry strategy has always been to enter categories at their inflection point, and we believe that moment for identity security is now," Palo Alto Networks Chairman and CEO Nikesh Arora said in a statement. 'This strategy has guided our evolution from a next-gen firewall company into a multi-platform cybersecurity leader.' Wedbush analyst Dan Ives called the acquisition a 'strategic home run,' saying in a note to clients that Palo Alto Networks is looking 'to build an all-in-one shop for all cyber solutions to battle the rising threats from AI while injecting this technology into its broader portfolio.' Separately CyberArk reported financial results, including revenue growth of 46% in the second quarter. Adjusted profit of 88 cents per share beat the average analyst estimate. The announcement is the latest buyout in the cybersecurity space this year. In March Google said that it had struck a deal to buy cybersecurity firm Wiz for $32 billion in what would be the tech giant's biggest-ever acquisition. The boards of both Palo Alto Networks and CyberArk have unanimously approved the deal, which is expected to close during the second half of Palo Alto Networks' fiscal 2026. The transaction still needs approval from CyberArk shareholders. Shares of Palo Alto Networks, which is based in Santa Clara, California, dropped nearly 8% in morning trading. CyberArk's stock declined 1.8%.
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Nvidia (NVDA) Ignites Rally Ahead of Microsoft and Meta Earnings
July 30 - Nvidia (NASDAQ:NVDA) inched up 0.8% to $176.45 in pre?market trade after a 0.7% slide Tuesday, as investors await fresh earnings catalysts. Warning! GuruFocus has detected 5 Warning Signs with NVDA. Microsoft (NASDAQ:MSFT) and Meta Platforms (NASDAQ:META) both report quarterly results Wednesday afternoon. Market participants will watch for signs that these AI leaders plan to maintain or boost spending on Nvidia's chips, or consider shifting to in?house alternatives. In the broader AI chip race, start?up Groq is pursuing $600 million in funding at a $6 billion valuation, according to a Bloomberg report citing anonymous sources. Groq, which focuses on high?speed inference chips, counts Saudi Arabia's Humain among its customers but has not responded to requests for comment. Other chipmakers showed mixed moves in early trading. Advanced Micro Devices (NASDAQ:AMD) slipped 0.4%, while Broadcom (NASDAQ:AVGO) edged down 0.2%. Investors will gauge whether Nvidia's lead in training and inference workloads holds firm as competition intensifies and tech giants unveil their latest results. Based on the one year price targets offered by 53 analysts, the average target price for NVIDIA Corp is $184.95 with a high estimate of $372.87 and a low estimate of $100.00. The average target implies a upside of +5.38% from the current price of $175.51. Based on GuruFocus estimates, the estimated GF Value for NVIDIA Corp in one year is $280.31, suggesting a upside of +59.71% from the current price of $175.51. This article first appeared on GuruFocus. Sign in to access your portfolio
