Macy’s (M) reported its best growth in four years in the first quarter and raised its 2026 outlook despite pressure on US consumers. The company benefited from its higher-income shoppers as economists point to a K-shaped economy that continues to divide US consumers. Macy’s CEO Tony Spring told Yahoo Finance that the department store struck…
The Philadelphia Semiconductor Index ($SOX) is captured via the popular Semiconductor Ishares ETF (SOXX) — and it just hit a major milestone. The Philly Semi Index recently crossed the 10,000 mark for the first time. That’s a milestone for sure. But at the same time, the underlying stocks in SOXX have an internal rift. Some…
Livingston-headquartered CoreWeave (CRWV) was in the spotlight on June 2 after BNP Paribas analysts led by Stefan Slowinski initiated coverage with an “Outperform” rating. “We view CRWV as one of the most strategically important firms within the artificial intelligence (AI) infrastructure ecosystem,” they told clients in a research note on Tuesday. More News from Barchart…
Alcoa (AA) shares rallied on June 2 as aluminum prices on the London Metal Exchange hit a four-year high as the Strait of Hormuz disruptions tightened supply. This single-day surge pushed AA’s relative strength index (RSI) into the mid-70s, indicating “overbought” conditions that often attract profit-takers. More News from Barchart Alcoa stock has been a…
The dollar index (DXY00) today is up by +0.23%. The dollar is moving higher today and is being supported by a +1% increase in WTI crude oil prices, which lifts inflation expectations and may prompt the Fed to tighten monetary policy, a bullish factor for the dollar. Gains in the dollar accelerated today on stronger-than-expected…
Old Dominion Freight Line saw further improvement in its operating metrics during May, as the less-than-truckload industry is now seeing a demand bump from the industrial economy. The Thomasville, North Carolina-based company reported a 12.3% year-over-year increase in revenue per day during the month. The result outpaced a previously reported 7.6% revenue increase in April….
Summary Earnings Obliterate Inflation Concerns: Our Monthly Survey of the Economy, Interest Rates, and Stocks In our base case 2026 economic and market outlook issued in December 2025, Argus forecast monthly nonfarm payrolls growth in the 50,000 range, S&P 500 continuing operations earnings growth in low-double-digit percentages, and headline inflation moderating to the 2.5% range…
When interest rates for home equity loans and lines of credit are at or near their 2026 lows, like they are right now, it doesn’t mean rate shopping is any less important or impactful. Every lender has its own methodology for pricing home equity loans and HELOCs, so comparison shopping will always be worthy of…
We just covered the Top 10 Stock Picks of Billionaire Paul Singer. Suncor Energy (NYSE:SU) ranks #3 (see Top 5 Stock Picks of Billionaire Paul Singer). Elliott’s Stake: $3,482,066,588 The turmoil in oil markets amid the Middle East conflict, years of underinvestment, and the removal of roughly 600–700 million barrels from global inventories has left Suncor…
Soybeans posted losses of as little as 4 cents in the deferreds, with nearbys own as much as 16 cents. The cmdtyView national average Cash Bean price was down 15 3/4 cents at $11.06 3/4. Soymeal futures were down 30 cents to $3.10 higher, with Soy Oil futures 5 to 70 points lower. Weekly Crop Progress data indicated…
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