FeelPic Gold prices (XAUUSD:CUR) ticked lower on Tuesday, pressured by a firmer U.S. dollar index (DXY), while oil prices edged up on hopes of better demand during summer and rising geopolitical tensions. A strong dollar causes the gold price to rise in other currencies, leading to selling pressure, while higherContinue Reading
Toltek/iStock via Getty Images U.S. wheat futures bounced off nearly two-month lows on Monday following forecasts for reduced Russian production in the 2024-25 marketing year. Prolonged hot and dry weather in Russia is reducing the expected output from the world’s leading wheat exporter, in a turnaround in focus from Friday’sContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures climbed ~2% to two-month highs Monday in anticipation of rising demand in the Northern Hemisphere’s summer driving season and worries that conflict in the Middle East could spread and reduce global oil supplies. A drone attack from Hezbollah injured 18 Israeli soldiers onContinue Reading
Dubai, United Arab Emirates, July 1st, 2024, Chainwire Bybit, the world’s second-largest web3 platform by trading volume, has recently ascended to the second position in terms of market share. To commemorate this remarkable achievement and extend our heartfelt appreciation to Bybit’s global community, the Spot team is launching a rewardContinue Reading
Akacin Phonsawat/iStock via Getty Images May Construction Spending: +0.1% M/M to $2,139.8B vs. +0.3% expected and -0.1% in April. The May figure is 6.4 percent above the May 2023 estimate of $2,011.8 billion Spending on private construction was at a seasonally adjusted annual rate of $1,652.1 billion, 0.3 percent belowContinue Reading
Gauzy (NASDAQ:GAUZ) shares rose 9% in premarket trade after Stifel initiated coverage on the company with a Buy rating and a target price of $18. Stifel expects sales growth of 42% in FY24 and FY25, driven by new program wins across all key segments. “We expect new program ramps acrossContinue Reading
sefa ozel/E+ via Getty Images Kyndryl Holdings’ (NYSE:KD) stock rose about 2% on Thursday after Oppenheimer initiated coverage with an Outperform rating. The firm has set a $33 price target on shares of the company, which provides IT infrastructure and cloud services. Analysts led by Ian Zaffino noted that, withContinue Reading
Sundry Photography Arista Networks (NYSE:ANET) was in focus on Thursday as Citi upped its price target, citing a rising opportunity in artificial intelligence. Shares rose fractionally in premarket trading Though InfiniBand is thought to take the majority of the AI networking market, Ethernet is clearly gaining share as well andContinue Reading
Aterian (NASDAQ:ATER) shares rise about 34% after market hours on raised Q2 revenue and adj EBITDA guidance. Second Quarter 2024 Net Revenue Range Improved to Between $23 Million to $26 Million. Second Quarter 2024 Adjusted EBITDA Range Improved to Between a Loss of ($1.0) Million to $0.0 Million. It alsoContinue Reading
JHVEPhoto/iStock Editorial via Getty Images Freddie Mac’s (OTCQB:FMCC) total mortgage portfolio advanced at an annualized rate of 2.1% in May, bringing its balance to $3.512T, the government-sponsored enterprise said on Tuesday. That compares with the 3.5% annualized growth rate in April. Single-family refinance loan purchases and guarantee volume was $3.8BContinue Reading
