Sugar Prices Continue Lower on Improved Monsoon Rains in India
October NY world sugar #11 (SBV26) today is down -0.04 (-0.27%), and October London ICE white sugar #5 (SWV26) is down -5.00 (-1.08%).
Finance & markets
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.
Two decades of mass protests in India
In 2024, mass protests brought an abrupt end to Bangladesh Prime Minister Sheikh Hasina’s long tenure in power, opening the door to Bangladesh’s most consequential election in more than a decade. To talk about this new …
National Bankshares (NKSH) Q2 Earnings Lag Estimates
National Bankshares (NKSH) came out with quarterly earnings of $0.79 per share, missing the Zacks Consensus Estimate of $0.8 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted…
Stocks Fall Sharply as Crude Oil Prices Soar and Alphabet Sparks AI Spending Concerns
The S&P 500 Index ($SPX) (SPY) on Thursday fell -1.49%, the Dow Jones Industrial Average ($DOWI) (DIA) fell -1.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) fell -2.26%. September E-mini S&P futures (ESU26) fell -1.50%, a…
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 …
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…
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…
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.
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…
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.
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…
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 …
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…
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…
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.
Soybeans Extending Fresh Highs at Midday
Soybeans are pushing the fresh 2 year highs further at midday, with gains of 5 to 8 cents at midday. The cmdtyView national average Cash Bean price is up 5 cents at $12.05 1/2. Soymeal futures were $1.30 to $2.00 higher…
Tesla stock suffers double-digit drop on carmaker’s worst day in years
Tesla’s stock fell about 13.5% on Thursday in one of the biggest single-day market losses in the company’s history.
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…
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…
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 $1,000 on eBay as AMC and Fandango experienced disruptions and …
The Treasury market is flashing a warning sign for home buyers. Are 7% mortgage rates next?
With the Federal Reserve's latest rate hike adding half a percentage point to the cost of debt capital and reaching its highest level in 15 years, the majority of small business loans will hit the double-digit interest …
Stocks Fall Sharply as Crude Oil Prices Soar and Alphabet Sparks AI Spending Concerns
The S&P 500 Index ($SPX) (SPY) today is down -1.34%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -1.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.06%. September E-mini S&P futures (ESU26) are down -1…
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…