Market Overview The crypto market has been hovering around $2.7 trillion in market cap for the past 7 days. Interestingly, while recording relatively stable levels at the start of the day in Europe, the market deviates from this level by almost 2%, only to return to equilibrium very quickly, with yesterday’s leaders turning into underperformers….
Morgan Stanley raised its year-end target for the S&P 500 to 8,000 from 7,800, citing an unexpectedly strong earnings season that has powered the benchmark to record highs. Growth to 8,000 would represent a roughly 8% upside over the index’s 7,400 close on Tuesday. Growth to the bank’s updated 12-month outlook target of 8,300 would…
Copper just hit a new all-time high. LME Copper closed at $13,943 a ton on Monday, an all-time record close, up 2.7% in a single session. The metal is up 12% YTD and 40% over the last twelve months… But you won’t hear much about it in the financial press. They’re only obsessed with one…
Saint Louis, Missouri-based Ameren Corporation (AEE) is a major public utility holding company that provides electric and natural gas services. Valued at a market cap of $30.4 billion, the company’s energy portfolio is increasingly focused on sustainable transitions, integrating nuclear power with expanding investments in solar, wind, and battery storage technologies. This utility company has trailed…
The three wheat markets led the commodity complex to the upside Tuesday. USDA took an axe to both US and global wheat numbers, creating a change in the flow of investment money from cattle to wheat. More News from Barchart In other news, soybean oil continued to follow diesel fuel higher, providing support to the…
Qualcomm (QCOM) stock has been on steroids with a rally of 86% in the last one month. While Q2 results were largely in-line with estimates, the company provided a muted guidance for Q3 FY26. Analysts believe that the company’s hyperscale win is the reason for the rally. According to Qualcomm, a “leading hyperscaler custom silicon…
The dollar index (DXY00) on Tuesday rose by +0.34%. The dollar moved higher on Tuesday amid renewed concerns that the US-Iran ceasefire may break down after President Trump said the current ceasefire was on “life support.” Tuesday’s +4% surge in crude oil prices also boosted inflation expectations and may prompt the Fed to tighten monetary…
Known for their unique flavors and vibrant designs, Japanese snacks are coveted around the world. But thanks to geopolitical tensions, one of Japan’s biggest snack makers has decided to dial back its vibrant packaging, at least for now. Most Read from Fast Company On Tuesday, Tokyo-based snack company Calbee announced a creative response to supply…
By Kalea Hall May 12 (Reuters) – A General Motors joint-venture battery company is bringing a small number of workers back to an idled electric-vehicle battery factory in Ohio this month, although plans for recalling hundreds of laid-off workers there remain uncertain. GM and its partner on the factory, South Korea’s LG Energy Solution, in…
eBay’s board rejected GameStop’s $56 billion takeover bid, calling it “neither credible nor attractive.” Now questions are growing over whether CEO Ryan Cohen will sell the company’s $368 million bitcoin position to make the deal look more credible. CoinDesk’s Sam Ewen hosts “CoinDesk Daily.”
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