It’s Eerily Calm Out There Before Nvidia Earnings
It’s Eerily Calm Out There Before Nvidia Earnings By Michael Msika, Bloomberg Markets Live reporter and strategist Falling volumes, crushed volatilities and record highs, equity markets seem to price nothing but a rosy outlook. While much has gone right for investors this year, some risks can’t be ignored and deserve attention. It seems no one wants […]
Target Shares Tumble After Retailer Reports ‘Caution’ About Weak Consumer
Target Shares Tumble After Retailer Reports ‘Caution’ About Weak Consumer Target’s shares slumped in premarket trading in New York after the retailer’s comparable sales missed Wall Street’s consensus estimates for the quarter that ended May 4. This comes as Goldman analysts have warned about faltering low-income consumers in the era of failed Bidenomics. Comparable sales—those from stores […]
Futures Drop, Yields Jump On Red-Hot UK Inflation, Nvidia Earnings On Deck
Futures Drop, Yields Jump On Red-Hot UK Inflation, Nvidia Earnings On Deck US futures are lower on Nvidia day; with the stock down 56bps in premarket trading, while Mag7 and semis are also all lower pre-mkt. As of 7:20am, S&P futures are down 0.1%, just off session lows amid signs of sticky inflation that dampened […]
China Slaps Boeing, Lockheed, Raytheon With Sanctions Over Arms Sales To Taiwan
China Slaps Boeing, Lockheed, Raytheon With Sanctions Over Arms Sales To Taiwan It has been a turbulent week for Sino-US relations. Beijing criticized US Secretary of State Antony Blinken over his support for Taiwan’s new president, and the Chinese Ministry of Foreign Affairs (MOFA) imposed sanctions on US defense firms over Taiwan support. President Lai Ching-te was […]
Tech Poised To Be Commodity’s Friend And Disinflation’s Nemesis
Tech Poised To Be Commodity’s Friend And Disinflation’s Nemesis Authored by Simon Black, Bloomberg macro strategist, Increasing power and raw-material demand from new technology such as generative AI and EVs is likely to be a secular tailwind for commodities and thus an impediment to a return to a low-and-stable inflation regime. Energy stocks are likely […]
Pandemic Winners Struggle In The Post-Pandemic World
Pandemic Winners Struggle In The Post-Pandemic World Zoom Video Communications, the company that rose to fame during the early days of the pandemic, reported earnings for the first quarter of its fiscal year 2025 on Monday, narrowly beating analyst expectations but disappointing investors with its short-term outlook. Adjusted earnings per share were up 16 percent […]
Insane Footage Shows Tornado Destroying Wind Farm In Iowa
Insane Footage Shows Tornado Destroying Wind Farm In Iowa Shocking footage from Iowa this evening shows multiple tornadoes wreaking havoc on massive wind turbines. This is yet another reminder that wind is not a reliable power source. A tornado in Iowa just leveled a wind turbine. 🤯 These storms are heading to Illinois and Wisconsin next. Be safe […]
Aluminum Jumps To 23-Month High Amid Ongoing Aussie Production Issues
Aluminum Jumps To 23-Month High Amid Ongoing Aussie Production Issues From coffee to cocoa, orange juice to gold, and silver to copper, commodity prices are spiking across the board (we outlined this on Monday). The latest surge occurred Tuesday when aluminum tagged 23-month highs due to ongoing production issues emerging from Australia. The broad-based commodity rally signals the inflation storm central bankers are battling is […]
Republican Iran Hawks Celebrate Raisi’s Death
Republican Iran Hawks Celebrate Raisi’s Death Authored by Dave DeCamp via AntiWar.com, Some Republicans in Congress are celebrating the death of Iranian President Ebrahim Raisi, who was killed in a helicopter crash along with Foreign Minister Hossein Amirabdollahian and seven others in Iran’s mountainous East Azerbaijan province. When the news first broke that Raisi was […]
Watch: First X Call Using Starlink Direct-To-Cell Tech With An Unmodified Smartphone
Watch: First X Call Using Starlink Direct-To-Cell Tech With An Unmodified Smartphone About a week after AT&T and AST SpaceMobile announced their partnership to create a space-based broadband network to rival T-Mobile’s plan for global cell connectivity using SpaceX’s Starlink satellites, SpaceX engineers showcased an “unmodified mobile phone” making the first video call on X using Starlink’s direct-to-cell […]