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.
Markets
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.
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%).
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 …
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…
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…
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…
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.
Corn Rally Extending to Thursday
Corn futures are continuing the push higher with contracts up 3 to 4 ¼ cents so far on the Thursday session. The CmdtyView national average Cash Corn price is up 3 3/4 cents at $4.35 1/4.
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…
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…
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 …
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…
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.
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.
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…
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.
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…
The super rich use 401(k)s and IRAs to sidestep taxes on millions of dollars. This proposed law would cut them off.
The federal tax code offers a shovel-ready definition of passive proceeds derived from wealth—such as capital gains, dividends, interest, and certain business profits—that states can use as the starting point for levyin…
Odds of Federal Reserve rate hike surge as oil prices rip higher
Investors are increasingly preparing for the Federal Reserve to hike interest rates as oil prices climb.
Cattle Finding Some Buyers on Thursday, with Beef Firming at Midday
Live cattle futures are getting a bounce, with $1.40 to $1.80 gains at midday. Cash trade saw a few $230-232 sales on Wednesday, though there has not been enough to establish a trend. The Thursday Fed Cattle Exchange on…
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…
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.
Shortsighted stock market can no longer brush off war: 'It's too hard to ignore $100 oil'
Major U.S. stock indexes tumbled on Thursday as investors began to price in the consequences of a renewed and prolonged conflict in the Middle East.