The Wall Street turns positive after Kevin Warsh reaffirms the 2% inflation target as "firm and unwavering" in his first Jackson Hole speech, while the DAX reaches a new record high and auto and chemical stocks drive the Frankfurt rally – the AI-driven memory boom elevates China's CXMT above Tencent, SoftBank supports its OpenAI bet with another 10 billion USD loan, and the PayPal buyout by Advent and Stripe spectacularly collapses

USA & MACRO-ECONOMIC ENVIRONMENT Wall Street turns positive after Warsh's speech The S&P 500 rises by +0.47%, and the tech-heavy Nasdaq 100 also turns positive with +0.35%. The focus of the day is on Wyoming: All eyes are on Fed Chair Kevin Warsh's first major speech since taking office, which opens the annual central bank meeting in Jackson Hole. After initial hesitation, his appearance brings relief to the markets. Focus on fighting inflation A broad chorus of investors urges Warsh to demonstrate clear determination in the...