Stifle came out and highlighted its call for a correction taking place already was wrong from a timing standpoint, but the financial institution still believes that a correction is looming and predicts Wall Street will see one by the end of October. “Our concerns and expectation for just over aContinue Reading
London (UKX) -0.5% Germany (DAX:IND) -0.2% France (CAC:IND) -0.6% The pan-European Stoxx 600 (STOXX) eased -0.2% on Monday with the majority of sectors trading in the red, as global investors assessed the impact of an assassination attempt on former U.S. President Donald Trump at a rally over the weekend. HouseholdContinue Reading
sommart Mortgage rates dipped as Treasury yields decreased on the back of a cooling labor market, according to the Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.89% as of July 11, compared to 6.95% last week and 6.96% in the year-ago week. 15-year fixed-rate mortgages averaged 6.17%, downContinue Reading
Packaged foods company Conagra Brands (NYSE:CAG) guided fiscal 2025 profit below expectations and reported mixed fourth quarter results, sending its shares down as much as 4.7% on Thursday. The company said it expects to earn adjusted earnings between $2.60 and $2.65 per share in 2025, below the average analyst estimateContinue Reading
Hispanolistic/E+ via Getty Images Wholesale used-vehicle prices were down in June compared to May after adjusting for mix, mileage, and seasonality. The Manheim Used Vehicle Value Index fell 8.9% year-over year to 196.1. The seasonal adjustment to the index mitigated the impact on the month, resulting in values that declinedContinue Reading
THEPALMER/E+ via Getty Images JPMorgan downgraded three stocks in the transportation and logistics sector on Tuesday. The firm warned of operational challenges in the sector or a slower than expected market recovery, which led it to take an overall more cautious stance for the near term. “The recent demand strengthContinue Reading
Michael Vi/iStock Editorial via Getty Images Biotechs developing a class of novel cancer drugs called anti-TIGIT therapies turned lower in the premarket Friday after a similar drug developed by Roche (OTCQX:RHHBY) failed in a Phase 2/3 clinical trial. Roche (OTCQX:RHHBY) shares fell in European trading on Thursday after the SwissContinue Reading
Just_Super BMI (a unit of Fitch Solutions) is maintaining its nickel price forecast for 2024 at $18,000/tonne, as excess supply continues to drag prices down from 2022 levels. The brokerage anticipates increased production in Indonesia and Mainland China, will be the core driver of price losses. However, key market drivers,Continue Reading
ultramarinfoto/E+ via Getty Images Alvopetro Energy (OTCQX:ALVOF) Wednesday reported June sales volumes of 1,669 boepd including natural gas sales of 9.6 MMcfpd, associated natural gas liquids sales from condensate of 67 bopd and oil sales of 10 bopd, based on field estimates. Q2 sales averaged 1,629 boepd compared to 1,701 boepdContinue Reading
thamerpic/iStock Editorial via Getty Images Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) is scrapping plans to sell its stake in Kazakh mining company Kazzinc after bids from potential buyers failed to match its valuation, Bloomberg reported Wednesday. Glencore (OTCPK:GLCNF) (OTCPK:GLNCY) had been considering exiting the business following interest from Chinese buyers, but it hasContinue Reading
