Cotton Rallies on Thursday
Cotton futures were 81 to 139 points in the green at Thursday’s close. Crude oil was back down just 50 cents per barrel, with the US dollar index falling 0.914.
Markets
Wheat Fades Off Thursday Strength into the Close
The wheat complex posted gains across the three exchanges on Thursday, following increased Black Sea tensions. Chicago SRW contracts were 2 ¾ to 7 ½ cents higher at the close. KC HRW futures were 5 1/4 to 8 1/2 cents in…
Soybeans Fades Lower on Thursday
Soybeans posted weaker trade late on Thursday, with contracts down fractionally to 4 cents across most contracts. The cmdtyView national average Cash Bean price was up 2 ¾ cents at $11.49. Soymeal futures were 40 cents …
Reddit shares sink 11% on 'choppy' search referrals even as results blow past estimates
Reddit reported second-quarter earnings on Thursday that beat on the top and the bottom lines, and the company issued guidance that sailed past expectations.
Dollar Sinks as the Yen Soars on Suspected Japanese Intervention
The dollar index (DXY00) tumbled to a 6-week low on Thursday and finished down by -0.99%. The dollar retreated on Thursday’s US economic news that showed Q2 GDP growing less than expected and the Jun core PCE prices ind…
China’s U.S.-bound shipments fall in July after brief recovery, survey shows
BEIJING — One of the Chinese economy's few growth drivers lost steam in July, according to the latest survey of businesses by China Beige Book.
Cattle Extend Their Bounce to Thursday’s Close
Live cattle futures posted $1.42 to $3.47 gains across the board at Thursday’s close. USDA picked up cash trade at $232-233 on Thursday. The Thursday Fed Cattle Exchange online auction showed no sales on the 1,054 head …
Stocks Settle Sharply Higher as Microsoft Leads a Surge in Tech Stocks
The S&P 500 Index ($SPX) (SPY) on Thursday closed up +1.66%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.36%. September E-mini S&P futures (ESU26)…
Ample Global Supplies Undercut Cocoa Prices
Cocoa prices are moving lower today and are just above Tuesday’s 3.5-week lows. Cocoa prices have been under pressure over the past two weeks and posted 3.5-week lows on Tuesday on signs of larger global cocoa supplies …
Cocoa Prices Pressured as Supply Concerns Ease
September ICE NY cocoa (CCU26) closed down -73 (-1.41%) on Thursday, and September ICE London cocoa #7 (CAU26) closed down -92 (-2.33%).
IBM CEO says quantum computing will have a 'measurable impact' on earnings by 2028 or 2029
IBM CEO Arvind Krishna said Thursday investors won't have to wait much longer for quantum computing to become a meaningful business for the technology company known for its mainframes and enterprise software.
Tim Cook sees Apple's hybrid AI strategy as a 'competitive weapon'
Apple CEO Tim Cook had a lot to talk about on his last earnings call as CEO, as his company's stock price trended lower on concerns about supply constraints. Regardless of the selloff, he told investors that Apple has "…
Reddit CEO says Google's AI Overviews can't replace '10 blue links' for referral traffic
As Google continues pushing AI-powered summaries to users, sites like Reddit aren't getting the kind of referral traffic they did in the past.
Stocks Rally on Stellar Microsoft Earnings and Chip Stock Strength
The S&P 500 Index ($SPX) (SPY) today is up +0.86%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +2.65%. September E-mini S&P futures (ESU26) are up +0.84%, an…
Empty seats? Concert giant Live Nation says ticket sales are actually at record levels.
Even Donald Trump knows that the price of concert tickets is too damn high. Recently, flanked by the preposterously dressed Maga rocker Kid Rock, the president signed an executive order to protect fans from “crazy price…
Implosion of Situational Awareness has Wall Street betting the bottom is in for the AI trade
What to watch in Big Tech earnings, why Warsh uncertainty is contributing to higher bond yields, and how much cash Vanguard investors are holding.
Jersey Mike’s spent almost ‘zero dollars’ on digital marketing. That’s now changing.
The Top High-Dividend Stocks to Buy and Hold for Passive Income These dividend stocks offer the best of all worlds: high yields, appreciation potential, and dividend stability. Susan Dziubinski
Corn Fall Weaker into Thursday’s Close
Corn futures closed with weakness on Thursday, as front months were down 2 to 3 ¼ cents, with deferreds fractionally to 1 ¼ cents higher. The CmdtyView national average Cash Corn price was down 2 3/4 cents at $4.16 1/4.
Jersey Mike's stock falls 7% in public market debut after pricing shares at $23
Shares of Jersey Mike's fell about 7% during trading on Thursday afternoon after the company made its public market debut on the New York Stock Exchange under the ticker "JMKE."
Stocks Settle Sharply Higher as Microsoft Leads a Surge in Tech Stocks
The S&P 500 Index ($SPX) (SPY) on Thursday closed up +1.66%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.36%. September E-mini S&P futures (ESU26)…
Trump says Board of Peace reaches Gaza disarmament deal
It has been over seven months since Hamas and Israel came to a ceasefire agreement that promised to end the genocide in Gaza. But since then, senior leaders of Hamas and Palestinian Islamic Jihad say, Israel and the U.S…
OpenAI’s Sam Altman to discuss voluntary AI safety tests with Trump officials after agent went rogue
The meeting follows a rogue AI agent incident that has intensified scrutiny of voluntary safety testing and oversight for advanced AI systems
Ample Global Supplies Undercut Cocoa Prices
Cocoa prices are moving lower today and are just above Tuesday’s 3.5-week lows. Cocoa prices have been under pressure over the past two weeks and posted 3.5-week lows on Tuesday on signs of larger global cocoa supplies …
Nexus Data Centers in advanced talks to secure $15B for Google-backed Anthropic data center
Morgan Stanley is the lead banker engaging in advanced talks to lend $15 billion to Nexus Data Centers to build out a large artificial intelligence infrastructure project for Anthropic, CNBC confirmed on Thursday.