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- Takeover Fight for Deoleo Sends Olive Oil
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Saturday, August 22
Business
UBS Global Wealth Management raised its S&P 500 year-end target to 8,100, citing a stronger earnings outlook and confidence in sustained profit growth into 2026.
Deoleo shares jumped 16% Wednesday as competing bidders escalated a takeover fight for the world’s largest olive oil bottler and marketer.
The ECB warned Monday that a U.S. tech stock correction tied to AI exuberance is likely, with limited fiscal and monetary tools available to cushion the hit.
Maruti Suzuki Chairman R.C. Bhargava projects India’s passenger vehicle market reaching 6.1-6.3 million units by fiscal 2030-31, citing small car revival and SUV growth.
Airbus posted flat July deliveries and must now average 90 aircraft a month for the rest of 2026 to hit its annual target. China orders were confirmed.
S&P 500 and Dow futures edged up Wednesday on Middle East peace hopes, while Nasdaq futures lagged despite upbeat forecasts from SpaceX and AMD.
The Bank of Japan warned Monday that global AI demand could exert lasting upward pressure on Japan’s inflation, strengthening the case for a near-term rate hike.
St. Louis Fed President Alberto Musalem told the FT that this week’s Treasury selloff signals the Fed must raise rates to rebuild its inflation credibility.
Microsoft jumped 8% on Azure and Copilot strength while Meta fell 9% after missing revenue guidance and posting a steep free cash flow decline.
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