imaginima/E+ via Getty Images The American Petroleum Institute reportedly shows a surprise build of 914K barrels of oil in U.S. commercial stockpiles for the week ending June 21. Gasoline inventories reportedly show a build of 3.84M barrels for the week, distillate inventories show a draw of 1.18M barrels, and stockpilesContinue Reading
Even as the S&P 500 (SP500) trades near record highs, BlackRock argued that it is staying overweight U.S. stocks based on the artificial intelligence (AI) theme that has propelled the tech sector higher. Moreover, the world’s largest asset manager indicated that it is less concerned than many about the narrowContinue Reading
Dan Kitwood Oracle (NYSE:ORCL) warned investors that the law that could potentially ban popular social media app TikTok in the U.S. may hurt its earnings. President Biden in April signed into law a bill that would ban TikTok in the U.S. unless it is divested from its China-based parent firmContinue Reading
da-kuk/E+ via Getty Images London (UKX) +0.05% Germany (DAX:IND) -1.24% France (CAC:IND) -0.65% Poland’s unemployment rate fell to 5% in May 2024. Spain’s economy grew by 0.8% in Q1 2024. The pan-European Stoxx 600 (STOXX) moved 0.41% lower, likely fueled by caution after a tech sell-off in the U.S. InvestorsContinue Reading
Cunaplus_M.Faba Boeing (NYSE:BA) has been awarded a not-to-exceed $210.94 million ceiling-priced delivery order N00383-24-F-YY1T under previously awarded basic ordering agreement for procurement of nine various configurations of flight control surface spares used on the F/A-18E/F and E/A-18G aircraft. The delivery order does not include an option period. The project workContinue Reading
ImagePixel/iStock via Getty Images A U.S. dollar upside is the “probably the most reliable consequence” of the upcoming U.S. presidential election, as markets predictions lead towards a Trump victory. In a Goldman Sachs Economic Research note, Analyst Dominic Wilson wrote that the U.S. dollar (DXY) still remains attractive due toContinue Reading
The U.S. Army Contracting Command – Detroit Arsenal (ACC-DTA) placed an order with Oshkosh Defense, an Oshkosh (NYSE:OSK) business, worth $27.3M. The order is for 57 Medium Equipment Trailers (MET). Oshkosh will execute the order with partner Broshuis B.V. “The MET stands as a testament to Oshkosh Defense’s unwavering commitmentContinue Reading
kentoh Intercontinental Exchange (NYSE:ICE), which operates the New York Stock Exchange, is planning to seek regulatory approval to clear U.S. Treasuries through its existing clearing house ICE Clear Credit, an executive told Bloomberg. Discussions are ongoing with the Securities and Exchange Commission as the company prepares its application for review,Continue Reading
Olemedia Hospital operator Ardent Health Partners (ARDT) has filed for an initial public offering to raise $100M in gross proceeds, renewing its efforts to become a publicly traded company in the U.S. after a four-year lapse. The Nashville, Tennessee-based healthcare provider initially filed for a U.S. IPO in 2018 toContinue Reading
gguy44 With the 2024 U.S. presidential elections heating up next week in the form of the first debate, Goldman Sachs’ portfolio strategy research team took a look at American companies which have the biggest exposure to domestic and international sales. Current predictions call for a Republican victory, which would mostContinue Reading
