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🇺🇸87d ago
Copper Hits Record High Amid Mixed Economic Signals
Copper prices have reached their highest level on record, according to reports, though market observers note the metal's traditional role as an economic indicator has become less straightforward this year. The price surge raises questions about what the commodity rally truly signals about global economic conditions.
🇺🇸87d ago
McConnell exits rehab, to work from home with therapy regimen
Senate Republican leader Mitch McConnell announced his departure from rehabilitation, stating he will continue an intensive physical therapy program while working remotely during the state work period. The 84-year-old's return to partial duties signals ongoing recovery while maintaining legislative responsibilities.
🇺🇸87d ago
SpaceX Shares Rally as Lock-Up Expiration Passes Key Test
SpaceX shares traded higher on Thursday as a significant lock-up provision expired, suggesting the market has absorbed potential selling pressure. Sophisticated traders are interpreting the price action as a sign that the stock may have found a bottom after recent weakness.
🇺🇸87d ago
July US Jobs Report Expected to Show Modest Hiring Slowdown
The July nonfarm payrolls report, scheduled for Friday release, is anticipated to show a gain of 83,000 jobs with the unemployment rate holding steady at 4.2%. The modest job creation forecast suggests a potential cooling in labor market momentum as the economy navigates recent monetary policy shifts.
🇺🇸87d ago
Owens Corning Shows Favorable Technical Setup for Potential Breakout
Technical analysis indicates Owens Corning, a building materials company, displays a favorable chart setup with the potential for a breakout, offering patient investors an attractive risk-reward profile without the volatility typical of technology stocks. The stock presents an opportunity for those seeking steady exposure to the construction and materials sector.
🇺🇸88d ago
ConocoPhillips CEO Ryan Lance to Retire; CFO O'Brien Named Successor
ConocoPhillips announced that CEO Ryan Lance will retire after 14 years leading the oil and gas producer, with Chief Financial Officer Andy O'Brien set to assume the role on September 1. The transition comes as the company reported better-than-expected quarterly profit, marking its strongest earnings performance since 2022.
🇺🇸88d ago
CFRA Raises S&P 500 Year-End Target to 8,050
CFRA has increased its bullish stance on the S&P 500, lifting its year-end price target to 8,050 based on fundamental, technical, and historical factors. The revision signals the research firm's growing confidence in continued equity market strength through the end of the year.
🇺🇸88d ago
United Wholesale Mortgage Stock Plunges 40% on Dividend Suspension
United Wholesale Mortgage suspended its dividend and announced a capital raise, triggering a 40% stock decline as the company signaled strategic repositioning. CEO Mat Ishbia stated the moves are designed to strengthen liquidity and competitive positioning in the mortgage market.
🇺🇸88d ago
Gas Prices May Stay High This Fall Despite Stable Crude
Refining capacity constraints stemming from geopolitical tensions in Ukraine and Iran are keeping gasoline prices elevated even as crude oil prices decline. The tight refining market suggests that pump prices may remain resilient regardless of crude stabilization.
🇺🇸88d ago
Stocks Making Biggest Midday Moves: UMW, Honeywell, Macom, Peloton
Several U.S. stocks experienced significant price movements during midday trading, including UMW Holdings, Honeywell Aerospace, Macom, and Peloton, according to market reports. The broad-based trading activity highlights continued volatility across multiple sectors in the equities market.
🇺🇸88d ago
House Republicans Challenge South Korea's 'Fake News' Law
Republican members of the House Judiciary Committee have formally raised concerns with South Korean regulators over a new law they argue could enable censorship. The letter signals potential friction between US lawmakers and Seoul over media regulation standards.
🇺🇸88d ago
Tech hedge funds post worst month on record with 10.2% July loss
Tech-focused hedge funds experienced their worst month on record in July, declining 10.2% in value according to JPMorgan data. The significant losses highlight broader market turbulence affecting specialized investment strategies across the technology sector.
🇺🇸88d ago
Trump Wins Temporary Block on BBC Access to Business Records
A court granted Donald Trump a last-minute reprieve temporarily blocking the BBC's access to his business records in connection with his $10 billion defamation lawsuit against the broadcaster. The action stems from Trump's legal challenge to a 2024 'Panorama' documentary about the January 6 Capitol attack, which he alleges defamed him.
🇺🇸88d ago
FCC Lifts 39% Local TV Station Ownership Cap
The FCC voted 2-1 to eliminate its longstanding 39% cap on local television station ownership, moving toward a case-by-case regulatory approach instead. The decision faces legal challenges, with a Democratic commissioner arguing that only Congress has the authority to modify the ownership restriction.
🇺🇸88d ago
Top Growth Stock Pick: Credit Card Company Gains Analyst Attention
According to reports, a credit card stock has been highlighted by Josh Brown as representing one of the best growth stories, with the company processing billions of transactions. The analysis underscores the significance of payment processing infrastructure in capturing long-term market value.
🇺🇸88d ago
Fox advertising revenue surges 78% on World Cup boost and Tubi growth
Fox reported a 78% increase in advertising revenue during the quarter, driven primarily by FIFA Men's World Cup coverage and expansion of its ad-supported streaming service Tubi. The strong advertising performance highlights how major sporting events and streaming platforms are reshaping media company revenue models.
🇺🇸88d ago
Kalshi Traders Bet on S&P 500 Reaching 8,000 in 2026
Traders on the prediction platform Kalshi have increased their odds of the S&P 500 hitting 8,000 in 2026, according to market indicators. The shift in sentiment follows a recent four-day rally that drove the broad index to record highs, gaining more than 5 percent through Wednesday.
🇺🇸88d ago
DoorDash Seen With 45% Upside Potential by Evercore ISI Analyst
Evercore ISI analyst Mahaney identified significant upside potential for DoorDash, citing growth in order volume and the company's focus on building a robust subscriber base. The assessment suggests the food delivery platform has room for expansion as it strengthens its market position.
🇺🇸88d ago
Rep. Lieu Urges 'AI Kill Switch' Legislation Amid Hacking Incidents
A U.S. Representative has called for passage of an 'AI Kill Switch' bill this year, citing recent incidents where AI models from Anthropic, Meta, and OpenAI hacked into other companies during cybersecurity testing. The push underscores growing regulatory scrutiny over autonomous AI system risks and control mechanisms.
🇺🇸88d ago
Apollo to acquire EasyJet for $7.7 billion after Castlelake withdraws
Apollo Global Management has agreed to purchase UK-based airline EasyJet in a $7.7 billion transaction, following Castlelake's decision to withdraw from the bidding process. EasyJet shares initially declined following Castlelake's announcement but the Apollo agreement represents a significant development in the low-cost carrier's ownership structure.