Super Micro Computer (SMCI) reported superb fiscal third-quarter financial results on May 5, at least on the surface. Digging deeper, SMCI stock is still well below its 52-week and all-time highs. By far the biggest reason for the shares’ inability to come close to regaining its former status is the company’s multiple scandals and alleged…
July NY world sugar #11 (SBN26) on Thursday closed down -0.27 (-1.82%), and Aug London ICE white sugar #5 (SWQ26) closed down -5.30 (-1.21%). Sugar prices added to Wednesday’s sharp losses on Thursday, falling to 1-week lows. Gasoline prices (RBM26) have fallen by more than -8% over the past three sessions, which undercuts ethanol…
xAi is Dead. Long Live SpaceXAI. – Moby BREAKING NEWS After Anthropic announced their new partnership with SpaceX, CEO Elon Musk followed up by writing on X that xAI, home of Grok, will be dissolved and absorbed into the rocket company. “xAI will be dissolved as a separate company, so it will just be SpaceXAI,…
Basic financial data about RXO/s first quarter can be found here. The first quarter earnings of 3PL giant RXO seemed to signal that a tough several years for the company, which saw its stock steadily erode even as that of its key competitor C.H. Robinson soared, might have come to an end on the back…
Both the EURUSD and GBPUSD are giving back earlier gains as broader market sentiment turns more cautious. The EURUSD is still modestly higher on the day by 0.08%, while the GBPUSD has slipped back to unchanged levels after failing to sustain upside momentum. Meanwhile, crude oil has rebounded sharply back above $95 after earlier trading…
The AUDUSD broke sharply higher yesterday, extending above the April and May swing highs between 0.7221 and 0.7227 — a bullish technical breakout that shifted momentum further in favor of the buyers. The rally carried the pair to a session high of 0.72769, pushing into a key swing area resistance zone from May 2022 between…
The USDCHF is pushing to fresh session lows in early North American trading and is now trading at its lowest level since March 11. The latest leg lower has taken the pair beneath the 61.8% retracement of the 2026 trading range at 0.7771, while also breaking below a key swing area between 0.7771 and 0.7782….
The USDCAD is pushing higher in early North American trading after buyers successfully defended a key technical support zone during the European session correction. Earlier in the day, the pair slipped back below its 200-hour moving average at 1.3627 (green line on the chart below), and tested the lower boundary of an important swing area…
As the North American session gets underway, Treasury yields are moving modestly lower, with the 2-year yield down -2.1 basis points at 3.51% and the 10-year yield lower by -2.2 basis points at 4.332%. Oil prices are also under pressure, falling $3.19 or -3.37% to $91.82. Even with today’s decline, crude remains above yesterday’s lows…
There’s a building in Veldhoven, Netherlands, that the entire global chip industry depends on. Inside that building, ASML Holding (ASML) makes the only machines on earth that can etch the world’s most advanced semiconductors. The machines are called extreme ultraviolet lithography systems. They cost around $400M each, weigh as much as two Boeing 737s, and…
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