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WTI Advances On US Product Draws
Article By:
ING Economics
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Thursday, March 7, 2024 4:19 AM EDT
Oil traded stronger with WTI prices moving above US$80/bbl yesterday once again as a sharp drawdown in the product inventories indicated an uptick in the US summer fuel demand. US oil inventories also reported a smaller-than-expected build.
The Road Not Taken For British Finance
Article By:
Martin Hutchinson
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Wednesday, March 6, 2024 5:03 AM EDT
Jacob, Lord Rothschild, who died this week at 87, was mourned mostly as a philanthropist, his 1980s venture with Charterhouse J. Rothschild lost in the mists of time.
Is This How Skynet Begins? Bezos, Nvidia Join OpenAI In Funding Humanoid Robotics Firm
Article By:
Tyler Durden
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Friday, February 23, 2024 9:40 PM EDT
A startup focused on developing general-purpose humanoids has attracted investments from Jeff Bezos, Nvidia Corp., and other major tech companies in its most recent funding round amid the rapidly expanding artificial intelligence bubble.
In this article: NVDA
Market Briefing For Thursday, February 15
Article By:
Gene Inger
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Thursday, February 15, 2024 3:29 AM EDT
Then S&P regrouped to rally more, with a Close nailed 5000, hourly support became resistance and we'll surmount that on Thursday 'if' there's no shock before the opening related to the Russian response to what it perceives as NATO provoking it.
Lyft Adds An Extra Zero Briefly Skyrocketing Shares
Article By:
Greg Feirman
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Wednesday, February 14, 2024 5:02 AM EDT
Lyft reported earnings after the close Tuesday and a typo in its report briefly sent shares soaring more than 60% before coming back to earth. It’s literally the funniest thing I’ve seen in my almost 20 year career in the investment business.
In this article: LYFT
Key Events This Week: CPI Revisions, ISM, And SLOOS
Article By:
Tyler Durden
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Monday, February 5, 2024 1:03 PM EDT
After last week's epic central bank/payrolls/QRA/earnings juggernaut, there's not a lot of US data this week, as is usually the case immediately post payrolls.
Japan’s December Activity Data Suggests Mild 4Q GDP Rebound
Article By:
ING Economics
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Wednesday, January 31, 2024 5:10 AM EDT
Industrial production rose but missed the market consensus while retail sales unexpectedly declined. Weaker-than-expected monthly data suggests any rebound in 4Q GDP should be modest.
French Inflation Eases More Than Expected
Article By:
ING Economics
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Wednesday, January 31, 2024 4:28 AM EDT
Inflation continues to move in the right direction in France. Although a decline was expected, the slowdown in price growth is faster than anticipated
Market Briefing For Tuesday, January 30
Article By:
Gene Inger
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Tuesday, January 30, 2024 4:02 AM EDT
Out-performance or under-performance, aspects of the market rally haven't shifted yet. Bifurcation prevails despite better Russell performance. Semiconductors are holding well.
Shale Boom Powers U.S. To Third Consecutive Annual Natural Gas Record
Article By:
Robert Rapier
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Sunday, January 28, 2024 11:30 AM EDT
I previously reported that the U.S. set a new oil production record in 2023 and became the world’s top liquefied natural gas exporter. I also noted that it was likely that the U.S. set a natural gas production record in 2023.
In this article: UNG
Inflation Fell To The Fed’s Target-Or Is That A Moving Target?
Article By:
Michele Schneider
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Sunday, January 28, 2024 11:00 AM EDT
Mission accomplished on inflation. Yahoo Finance reported Friday: “The Fed's preferred inflation measure — a "core" Personal Consumption Expenditures index that excludes volatile food and energy prices — clocked in at 2.9% for the month of December".
The Rent Is Still Too Damned High
Podcast By:
Felix Salmon
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Sunday, January 28, 2024 7:50 AM EDT
This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss record-breaking rents that see most renters forking over more than 30% of their dough. Also: Infant apparel brand Kyte Baby’s maternity leave scandal, and why Josh wine is such a hit.
Weekly Commentary: On Fire
Article By:
Doug Noland
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Sunday, January 28, 2024 5:45 AM EDT
Could the backdrop going into next Wednesday’s Powell press conference be any more intriguing? The economy has gained a head of steam since the FOMC’s December 13th meeting.
Why Would Anyone Want To Buy A Department Store?
Article By:
Mish Shedlock
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Monday, January 22, 2024 8:02 AM EDT
Arkhouse Management, a real-estate focused investing firm, and Brigade Capital Management, a global asset manager, submitted a proposal to acquire the Macy’s stock they don’t already own for $21 a share on Dec. 1.
In this article: M
Potential Economic Implications Of Room Temperature Superconductivity Breakthrough
Article By:
The Private Banker
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Monday, January 22, 2024 5:21 AM EDT
Breakthrough in Superconductivity: The potential confirmation of room temperature superconductivity marks a significant scientific achievement with far-reaching implications for various sectors of the economy.