Stifel Bits

Summary

• Kevin Warsh, the new Federal Reserve Chair, hinted at internal debate ahead of the next rate decision during a speech at the European Central Bank's annual forum in Portugal.
• The global billionaire population grew by 13% over the past year to reach a record 3,302 people.
• Germany's Deniz Undav scored for his country in an average of 50 minutes despite not being a full-time starter.
• LeBron James plans to play 24 NBA seasons after ending his eight-year run with the Los Angeles Lakers and entering free agency.
• New York City reached a maximum heat index value of 112°F last week.
• Gold prices fell to approximately $4,000 after suffering its worst quarter in 13 years.
• New York City is the most competitive location for internships in the country, with each posting drawing roughly 10.3 applicants a day.
• Tom Michaud, CEO of Stifel's Keefe, Bruyette & Woods subsidiary, stated that AI will not replace humans who understand analysis and provide good advice.
• Scientists rediscovered a titanosaur tail bone in a museum drawer, confirming it as the first dinosaur bone found on Antarctica and indicating the continent was once warm and forested.
• A 1,000-kilogram southern elephant seal named Neil returned to Tasmania, causing road blockages while authorities managed his movements for public safety.
• Karl-Anthony Towns partnered with UPS and Fanatics to personally hand-deliver championship merchandise across New York.
• Verizon and BT Group formed a joint venture to run international operations across 180-plus countries and 3,000 clients.
• Rocket Lab acquired satellite communications provider Iridium in an $8 billion deal to expand beyond launch services.
• Nike faces a shortage of USMNT jerseys as demand exceeds supply across major retailers.
• Ford hired about 350 experienced human engineers to replace AI-driven quality control, resulting in reduced warranty and recall costs.