The August stock-market slump is a myth — so why does Wall Street keep repeating it?
In order to understand the brutality of American capitalism, you have to start on the plantation.
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World’s quietest metal just dropped a huge bullish signal
Demand for their product is decidedly robust, particularly for copper coil or copper plate or the ultra-pure copper broken up literally into atoms to make tiny, high-speed computer chips. Or all the wiring and related e…
Read more →Dollar Rises on Houthi Tanker Attack and Higher Oil Prices
The dollar index (DXY00) on Thursday rose by +0.35%. The dollar found support from strong US interest rate differentials, as the 10-year T-note yield rose by +4 bp and posted a new 1.5-year high amid Thursday's surge in…
Read more →Nat-Gas Prices Fade Mildly But See Support from Hotter US Weather Forecasts
Nat-gas prices fell back as US natural gas inventories rose by more than the 5-year average. Also on the bearish side was concern that Tropical Storm Bertha could disrupt liquefied natural gas (LNG) export facilities on…
Read more →Cocoa Prices Slump Amid Abundant Supplies
September ICE NY cocoa (CCU26) on Thursday closed down -27 (-0.51%), while September ICE London cocoa #7 (CAU26) closed unchanged.
Read more →Coffee Prices Fall as USDA Predicts 6% Increase in Global Coffee Production
September arabica coffee (KCU26) on Thursday closed down -57.25 (-2.29%), and September ICE robusta coffee (RMU26) closed down -88 (-2.32%).
Read more →Hogs Trading with Midday Gains
Lean hog futures are trading with 40 to 60 cent gains at midday. USDA’s national base hog price was reported at $101.76 Thursday morning, up 72 cents from the day prior. The CME Lean Hog Index was 56 cents higher on Jul…
Read more →Dollar Rises on Houthi Tanker Attack and Higher Oil Prices
The dollar index (DXY00) is up +0.37%. The dollar is finding support from strong US interest rate differentials, as the 10-year T-note yield rose by +5 bp and posted a new 1.5-year high amid today's surge in oil prices …
Read more →Hogs Look to Thursday Action Following Wednesday Gains
Lean hog futures saw gains of 20 to 75 cents across most contracts, with August the exception, down a nickel. Open interest was up 199 contracts on Wednesday. USDA’s national base hog price was reported at $101.08 Wedne…
Read more →Oracle signs 10-year software contract with Pentagon worth up to $7 billion
The Pentagon on Thursday announced a contract with Oracle worth almost $7 billion over a decade, a big win for the software maker, which has been punished by investors this year. The stock rose about 3% in extended trad…
Read more →Trump to slap 'sweeping' new tariffs on 60 trade partners as global duties expire
The Trump administration will impose new tariffs just after midnight ET Friday on dozens of countries over alleged forced-labor violations, according to a notice in the Federal Register.
Read more →Intel's stock jumps 11% as chipmaker rides AI boom to fastest revenue growth in almost 15 years
Intel reported better-than-expected second-quarter results on Thursday, notching its fastest revenue growth rate for any quarter since 2011 and issuing guidance that topped expectations. The stock jumped 11% in extended…
Read more →Cerebras stock gains on AMD partnership
Cerebras shares gained about 5% on Thursday after the company forged an agreement with Advanced Micro Devices that involves the two chipmakers to work together on artificial intelligence systems.
Read more →Japan’s $1.8 trillion pension giant might bring money home. That could jolt U.S. stocks and the Fed.
Japan’s pension titan selling foreign assets could push U.S. yields up and sap demand for the dollar.
Read more →T-Mobile’s stock sinks despite customers pouring into premium plans
Fidelity Equity Income’s Persaud on buffering volatility, pursuing yield, and keeping up with tech.
Read more →Boyd Gaming tops Q2 EPS estimate, but fall short on revenue
Wall Street is bracing for a soft second quarter from Visteon Corporation when the automotive cockpit electronics specialist reports before the bell on July 23. The consensus among 11 analysts calls for earnings of $2.1…
Read more →Airline group IATA taps World Economic Forum’s Zahidi as new chief
The International Air Transport Association has appointed Saadia Zahidi as its next director general, selecting the senior World Economic Forum executive to lead the powerful airline industry body at a time of geopoliti…
Read more →Southwest Airlines put Texas jet fuel on a boat to LA for the first time amid supply worries
Southwest Airlines hired a ship this spring to send jet fuel from Texas to California, where prices are much higher and concerns had grown about supply, CFO Tom Doxey told CNBC. It was a first for the Dallas airline.
Read more →OpenAI's Hugging Face hack triggers 'AI Kill Switch' bill in Congress
Rep. Ted Lieu, D-Calif., and Rep. Nathaniel Moran, R-Texas, on Thursday introduced a bill called the "AI Kill Switch Act," which would require artificial intelligence companies to maintain the ability to shut down, thro…
Read more →A ‘generational buying opportunity’ guarantees inflation plus 3% a year, says this hedge-fund manager
There are more than 400,000 insurance agents in this country, and almost all of them would love to sell you a whole life insurance policy. If you buy a policy with premiums of $40,000 per year, the commission would typi…
Read more →Imax’s CEO says it’s time to hike prices as tickets to ‘The Odyssey’ resell for $1,000
Demand for Christopher Nolan’s “The Odyssey” appeared to surge Thursday afternoon after ticket sales kicked off, triggering secondary ticket postings up to $1,000 on eBay as AMC and Fandango experienced disruptions and …
Read more →How to find the best mortgage rate — it could save you $3,300 a year
According to exclusive new research from Rankrate, there’s a very good chance that you’re overpaying for your mortgage by more than $3,300 per year. And, here’s the kicker: Bankrate said it’s completely avoidable.
Read more →Wheat Mixed at Midday, with Hard Red Contracts Higher
The wheat complex is back to mixed trade, with hard red contracts higher. Chicago SRW contracts are down 2 to 3 ¼ cents so far. KC HRW futures are 2 to 3 cents in the green on the day. MPLS spring wheat is fractionally …
Read more →Hogs Trading with Midday Gains
Lean hog futures are trading with 40 to 60 cent gains at midday. USDA’s national base hog price was reported at $101.76 Thursday morning, up 72 cents from the day prior. The CME Lean Hog Index was 56 cents higher on Jul…
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