By Karen Brettell and Amanda Cooper NEW YORK, June 29 (Reuters) – The dollar dropped on Monday but remained near a 13-month high, supported by optimism over U.S. economic growth, the prospect of Federal Reserve interest rate hikes and a continuing AI-driven boom in U.S. equity markets that has been drawing in capital at a…
The dollar index (DXY00) on Monday fell by -0.26%. The dollar retreated as Monday’s stock rally curbed liquidity demand for the dollar. However, losses in the dollar were limited as Monday’s +2% jump in WTI crude oil prices has strengthened inflation expectations and could prompt the Fed to keep monetary policy tight, a supportive factor…
August WTI crude oil (CLQ26) on Monday closed up +1.52 (+2.20%), and August RBOB gasoline (RBQ26) closed up +0.0753 (+2.66%). Crude oil and gasoline prices settled sharply higher on Monday amid escalating tensions in the Strait of Hormuz, which have slowed the flow of oil tankers through the strait. Crude prices also found support on…
JPMorgan Chase (NYSE: $JPM) has thrown its support behind the cryptocurrency legislation that’s winding its way through Congress but warned of risks posed from “shadow banking.” In a blog post, JPMorgan, which is the world’s biggest commercial bank, said it is backing efforts to establish a U.S. regulatory framework for digital assets, but emphasized the…
Publisher’s Note: I want to introduce you to someone I consider a legend in the finance space, Dr. Mark Skousen. If you haven’t come across Mark’s work before, here’s the short version: he spent three years as an economic analyst at the CIA, has been writing an investment newsletter for nearly 50 years, has taught…
Following the June 2026 primary elections in NYC, in which democratic socialist Mayor Mamdani’s preferred slate enjoyed considerable electoral success, much has been written about the political implications. Our take is really simple. The last time the democratic socialists gained power, especially in major US cities, many of their policies were adopted by Progressives or…
Summary Public Service Energy Group Inc. is an electric and natural gas company with generation, transmission, and distribution via its regulated subsidiary. The company also has merchant nuclear generation and energy trading through its PSEG Power operations. As of the beginning of 2025, the company’s utility, PSE&G, has about 2.4 million electric and 1.9 million…
Summary Owens Corning is a leading global manufacturer of composite and building materials. The company’s products include insulation, roofing, and doors for residential, commercial, and industrial applications. Based in Toledo, Ohio, the compan
Strategy Inc. (NASDAQ: $MSTR) has opened the door to Bitcoin (CRYPTO: $BTC) sales as the company moves to protect the capital structure built around its treasury. The Michael Saylor-founded firm said it may sell up to $1.25 billion of Bitcoin from time to time, with proceeds directed toward its U.S. dollar reserve, preferred stock dividends, interest…
Meridian Funds, managed by ArrowMark Partners, released its first-quarter 2026 investor letter for “Meridian Contrarian Fund”. The Fund aims to invest in undervalued companies with clear catalysts for sustainable improvement. A copy of the letter can be downloaded here. The US equities market started 2026 with volatility driven by trade policy uncertainty and heightened geopolitical…
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