5 days ago
CNBC reported that American Airlines Group Inc. (NASDAQ:AAL) announced seven new international routes for its summer 2027 schedule, most flown on its Airbus A321XLR.
New destinations include Philadelphia to Porto and Vienna and JFK to Amsterdam and Nice, alongside a returning Reykjavik route and Charlotte-Barcelona and Chicago-Tokyo Narita service on widebody jets. American's SVP of network and schedule planning, Brian Znotins, said the XLR "really opens up the menu for all these destinations that are just too small for a widebody." The announcement came the same week that rival United Airlines, which flies more international routes than any other U.S. carrier, unveiled its own 2027 international additions. American has said its flying is split roughly 80% domestic and 20% international.
The XLR gives American Airlines Group Inc. (NASDAQ:AAL) a more flexible way to expand its international network. The smaller, long-range aircraft lets American serve thinner transatlantic markets without committing the capacity of a larger widebody jet. That flexibility opens opportunities such as Philadelphia-Vienna and Philadelphia-Porto and gives American another way to grow international revenue.
The XLR's premium-heavy configuration also gives American more room to target higher-value travelers. American designed the aircraft's new interior with more premium seating than its other aircraft, allowing the airline to offer a stronger premium product on long-haul routes. If American can fill those seats at attractive fares, the aircraft could improve the economics of its international expansion.
American also gains a competitive advantage on Philadelphia-Vienna. The airline said it will become the only U.S. carrier offering nonstop service between the two cities. That position gives American a differentiated product on the route and could help it capture travelers who value nonstop service.
#american #airlines #widebody
New destinations include Philadelphia to Porto and Vienna and JFK to Amsterdam and Nice, alongside a returning Reykjavik route and Charlotte-Barcelona and Chicago-Tokyo Narita service on widebody jets. American's SVP of network and schedule planning, Brian Znotins, said the XLR "really opens up the menu for all these destinations that are just too small for a widebody." The announcement came the same week that rival United Airlines, which flies more international routes than any other U.S. carrier, unveiled its own 2027 international additions. American has said its flying is split roughly 80% domestic and 20% international.
The XLR gives American Airlines Group Inc. (NASDAQ:AAL) a more flexible way to expand its international network. The smaller, long-range aircraft lets American serve thinner transatlantic markets without committing the capacity of a larger widebody jet. That flexibility opens opportunities such as Philadelphia-Vienna and Philadelphia-Porto and gives American another way to grow international revenue.
The XLR's premium-heavy configuration also gives American more room to target higher-value travelers. American designed the aircraft's new interior with more premium seating than its other aircraft, allowing the airline to offer a stronger premium product on long-haul routes. If American can fill those seats at attractive fares, the aircraft could improve the economics of its international expansion.
American also gains a competitive advantage on Philadelphia-Vienna. The airline said it will become the only U.S. carrier offering nonstop service between the two cities. That position gives American a differentiated product on the route and could help it capture travelers who value nonstop service.
#american #airlines #widebody
8 days ago
Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) have rallied more than 83% year-to-date as of September 3. The stock has significantly outperformed the broader S&P 500 Index, which has seen a 13% rise so far this year. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has also returned more than 400% over the past three years.
Additionally, ******* ysts are positive on the stock, with a consensus Buy rating and a median 12-month price target of $240, suggesting about 13% upside from current levels.
On September 2, DA Davidson reiterated its Buy rating on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) with a price target of $245 after attending the company's annual user conference, Fal.Con 2026, in Las Vegas.
DA Davidson said discussions with CrowdStrike Holdings, Inc.'s (NASDAQ:CRWD) customers and partners at the conference were positive. The firm noted signs of strong demand for AI Detection & Response, along with continued vendor consolidation on CrowdStrike. The conference also included several new product and partnership announcements.
The research firm expects the company to provide an early look at fiscal 2028 Net New ARR growth. This could give investors greater visibility into CrowdStrike Holdings, Inc.'s (NASDAQ:CRWD) longer-term growth prospects.
#crwd #Stock
Additionally, ******* ysts are positive on the stock, with a consensus Buy rating and a median 12-month price target of $240, suggesting about 13% upside from current levels.
On September 2, DA Davidson reiterated its Buy rating on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) with a price target of $245 after attending the company's annual user conference, Fal.Con 2026, in Las Vegas.
DA Davidson said discussions with CrowdStrike Holdings, Inc.'s (NASDAQ:CRWD) customers and partners at the conference were positive. The firm noted signs of strong demand for AI Detection & Response, along with continued vendor consolidation on CrowdStrike. The conference also included several new product and partnership announcements.
The research firm expects the company to provide an early look at fiscal 2028 Net New ARR growth. This could give investors greater visibility into CrowdStrike Holdings, Inc.'s (NASDAQ:CRWD) longer-term growth prospects.
#crwd #Stock
8 days ago
U.S. stocks climbed Thursday as investors grew hopeful the Federal Reserve would leave interest rates unchanged at its next meeting, following remarks from Federal Reserve Governor Christopher Waller. The Dow Jones Industrial Average advanced 635 points, or 1.2%, according to CNBC, which noted the move would mark the index's strongest single-session performance since Aug. 4. The S&P 500 added 1% and the Nasdaq Composite climbed 1.3%.
The rally came after Federal Reserve Governor Christopher Waller said he would be inclined to support holding interest rates steady, so long as upcoming inflation data did not produce surprises. The 10-year Treasury yield fell to around 4.75% after his remarks, pulling back from its highest level since November 2023, which it had reached the day before.
The share of fed funds futures traders pricing in a rate hike at the central bank's meeting in a couple of weeks fell to 50.4% after Waller's statement, down from 63.2% a day earlier, according to CNBC, citing the CME FedWatch tool.
A rise in the ***** anese yen also contributed to the drop in Treasury yields. The yen was trading 2% stronger against the dollar at 155.36, capping a two-day run of nearly 3% that was set off by hawkish signals from a Bank of ***** an board member, according to The Wall Street Journal.
The broad S&P 500 rally included all but two of its sectors, with consumer stocks leading gains. Snowflake stock surged more than 20% after the company topped second-quarter earnings and revenue estimates and offered an upbeat outlook. Broadcom stock fell 4% after the company paired its latest quarterly results with a fiscal fourth-quarter revenue forecast that fell short of what ***** ysts had anticipated.
#waller
The rally came after Federal Reserve Governor Christopher Waller said he would be inclined to support holding interest rates steady, so long as upcoming inflation data did not produce surprises. The 10-year Treasury yield fell to around 4.75% after his remarks, pulling back from its highest level since November 2023, which it had reached the day before.
The share of fed funds futures traders pricing in a rate hike at the central bank's meeting in a couple of weeks fell to 50.4% after Waller's statement, down from 63.2% a day earlier, according to CNBC, citing the CME FedWatch tool.
A rise in the ***** anese yen also contributed to the drop in Treasury yields. The yen was trading 2% stronger against the dollar at 155.36, capping a two-day run of nearly 3% that was set off by hawkish signals from a Bank of ***** an board member, according to The Wall Street Journal.
The broad S&P 500 rally included all but two of its sectors, with consumer stocks leading gains. Snowflake stock surged more than 20% after the company topped second-quarter earnings and revenue estimates and offered an upbeat outlook. Broadcom stock fell 4% after the company paired its latest quarterly results with a fiscal fourth-quarter revenue forecast that fell short of what ***** ysts had anticipated.
#waller
9 days ago
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Legacy Edge Advisors, a Syosset, N.Y.-based registered investment advisor with $1.2 billion in client ***** ets, has hired Christopher Weyrauch as its first CEO.
Weyrauch had been head of wealth management at Citizens Financial Group from 2021 to 2024, a role he took after a 28-year run at TIAA, where he was the last CEO and president of TIAA Life Insurance Company.
Legacy Edge Advisors was founded by TIAA wealth management advisors Scott Israel, Robert Rom, Jason Kass and Tim Urie, who split off to start their own firm. They have since added more former TIAA advisors and an advisor for Merrill Lynch, according to Israel.
"Our focus was to build something that was viable, profitable and a place that our colleagues from TIAA and [advisors from] elsewhere could have a place that would give them what TIAA clients are used to," Israel said. "I'll call that phase one, and we did that."
#advisor
Legacy Edge Advisors, a Syosset, N.Y.-based registered investment advisor with $1.2 billion in client ***** ets, has hired Christopher Weyrauch as its first CEO.
Weyrauch had been head of wealth management at Citizens Financial Group from 2021 to 2024, a role he took after a 28-year run at TIAA, where he was the last CEO and president of TIAA Life Insurance Company.
Legacy Edge Advisors was founded by TIAA wealth management advisors Scott Israel, Robert Rom, Jason Kass and Tim Urie, who split off to start their own firm. They have since added more former TIAA advisors and an advisor for Merrill Lynch, according to Israel.
"Our focus was to build something that was viable, profitable and a place that our colleagues from TIAA and [advisors from] elsewhere could have a place that would give them what TIAA clients are used to," Israel said. "I'll call that phase one, and we did that."
#advisor
11 days ago
Key Takeaways
Strategy bought 4,603 Bitcoin for $369.7 million, ending 10 consecutive reporting weeks without a BTC acquisition.
It comes after Michael Saylor's cryptic "we're back" post sparked debate.
Bitcoin could retest $80,000 if it holds above $77,000, although ****** ysts say favorable Federal Reserve signals are still needed to confirm a breakout.
Michael Saylor's Strategy has resumed buying Bitcoin after a 10-week pause, adding $369.7 million in BTC as it attempts to reclaim $80,000.
#Bitcoin #michael #takeaways
Strategy bought 4,603 Bitcoin for $369.7 million, ending 10 consecutive reporting weeks without a BTC acquisition.
It comes after Michael Saylor's cryptic "we're back" post sparked debate.
Bitcoin could retest $80,000 if it holds above $77,000, although ****** ysts say favorable Federal Reserve signals are still needed to confirm a breakout.
Michael Saylor's Strategy has resumed buying Bitcoin after a 10-week pause, adding $369.7 million in BTC as it attempts to reclaim $80,000.
#Bitcoin #michael #takeaways
14 days ago
Amazon.com (AMZN) stock has been relatively volatile in the last 52-weeks. One concern has been high capital investments and its potential outcome in terms of growth and margins.
Yet, there are positives that have supported AMZN stock price-action on corrections. Amazon Web Services (AWS) has been on a healthy growth trajectory, and the outlook is bright. This view is underscored by the point that AWS reported a record order backlog of $496 billion as of Q2 FY26.
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#amazon #Services #sandisk
Yet, there are positives that have supported AMZN stock price-action on corrections. Amazon Web Services (AWS) has been on a healthy growth trajectory, and the outlook is bright. This view is underscored by the point that AWS reported a record order backlog of $496 billion as of Q2 FY26.
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#amazon #Services #sandisk
16 days ago
With the returning rally in the price of bitcoin (BTC-USD), comes the return of big calls on bitcoin by the Wall Street bulls.
Bernstein ***** yst Gautum Chhugani thinks bitcoin will notch several important price milestones over the next few years.
"In our base case, we expect bitcoin to reach new all-time high of $150K by mid-2027 and $300K by 2029 end. However, given the macro regime shift, if institutional capital actively chases bitcoin, we could see an accelerated timeline, with bitcoin potentially peaking at $500K in 2029 and rapid recovery to new all-time highs of ~$200K by mid-2027. We maintain our bitcoin price forecast of ~$1 M million by 2033 end across the base and bull case," Chhugani said in a note on Wednesday.
Bitcoin is having a price gusher to close out August.
The price of bitcoin broke through $80,000 early Tuesday for the first time in 15 weeks. In the last 10 days, bitcoin is up 25%.
#Bitcoin #price #wall #bernstein
Bernstein ***** yst Gautum Chhugani thinks bitcoin will notch several important price milestones over the next few years.
"In our base case, we expect bitcoin to reach new all-time high of $150K by mid-2027 and $300K by 2029 end. However, given the macro regime shift, if institutional capital actively chases bitcoin, we could see an accelerated timeline, with bitcoin potentially peaking at $500K in 2029 and rapid recovery to new all-time highs of ~$200K by mid-2027. We maintain our bitcoin price forecast of ~$1 M million by 2033 end across the base and bull case," Chhugani said in a note on Wednesday.
Bitcoin is having a price gusher to close out August.
The price of bitcoin broke through $80,000 early Tuesday for the first time in 15 weeks. In the last 10 days, bitcoin is up 25%.
#Bitcoin #price #wall #bernstein
18 days ago
Aug 26 (Reuters) - Meta Platforms reached a settlement to resolve claims brought by states across the country that the company designed Instagram and Facebook to addict children, misled consumers about their safety, and improperly collected personal data of children who used its platforms, court papers show.
The deal was reached during a California federal court trial over claims brought by 29 states, averting one of the highest-profile tests yet of allegations that social media companies harmed young users. Just days before jury selection began on August 12, a federal appeals court declined to halt the trial.
The claims are part of a broader wave of litigation brought by states, local governments, school districts and individuals alleging Meta and other social media companies fueled a nationwide youth mental health crisis.
The federal trial covered claims from the attorneys general of California, Colorado, Kentucky and New Jersey that Meta violated their state laws protecting consumers.
The trial also covered claims from 29 states that Meta violated the federal Children's Online Privacy Protection Act by collecting personal data from users it knew were children without parental notification or consent, and using the data to train machine learning and generative AI models.
#meta #brought #children
The deal was reached during a California federal court trial over claims brought by 29 states, averting one of the highest-profile tests yet of allegations that social media companies harmed young users. Just days before jury selection began on August 12, a federal appeals court declined to halt the trial.
The claims are part of a broader wave of litigation brought by states, local governments, school districts and individuals alleging Meta and other social media companies fueled a nationwide youth mental health crisis.
The federal trial covered claims from the attorneys general of California, Colorado, Kentucky and New Jersey that Meta violated their state laws protecting consumers.
The trial also covered claims from 29 states that Meta violated the federal Children's Online Privacy Protection Act by collecting personal data from users it knew were children without parental notification or consent, and using the data to train machine learning and generative AI models.
#meta #brought #children
19 days ago
(Bloomberg) -- Treasury Secretary Scott Bessent came to office blasting his predecessor for trying to re-engineer the world's largest bond market. This week he took a stab at it himself.
Most Read from Bloomberg
US Oil Refiners Face Import Squeeze From Biggest Foreign Seller
Nvidia Customers Notified About AI-Related Price Hikes Above 15%
Leavitt Says She'll Return to MAGA Inc. After White House
#refiners #import
Most Read from Bloomberg
US Oil Refiners Face Import Squeeze From Biggest Foreign Seller
Nvidia Customers Notified About AI-Related Price Hikes Above 15%
Leavitt Says She'll Return to MAGA Inc. After White House
#refiners #import
20 days ago
Royal De Vries Cardboard Printing has ended production at its folding-carton factory in Sneek, the Netherlands, after 152 years, after efforts to sell the entire business failed, according to a press release posted on WhatTheyThink.
The decision has resulted in all 98 employees losing their jobs.
All ****** ets have been taken over by German industrial remarketing company Allaoui and are being put up for sale.
The machinery on offer includes a KBA offset press, along with Bobst and MK Masterwork converting lines.
Royal De Vries, formally Koninklijke Drukkerij De Vries Vouwkartonnage, was founded in 1874 as a printer in the north of the Netherlands.
#netherlands #german
The decision has resulted in all 98 employees losing their jobs.
All ****** ets have been taken over by German industrial remarketing company Allaoui and are being put up for sale.
The machinery on offer includes a KBA offset press, along with Bobst and MK Masterwork converting lines.
Royal De Vries, formally Koninklijke Drukkerij De Vries Vouwkartonnage, was founded in 1874 as a printer in the north of the Netherlands.
#netherlands #german
1 month ago
The large conglomerate Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) is widely considered to have one of the greatest stocks of all time, and it's got the numbers to back it up.
Between 1965 and 2025, the stock generated compound annual gains of 19.7% and a total gain of an astonishing 6,099,294%. Despite being quite successful in its own right, the broader benchmark S&P 500 has generated compound annual gains of 10.5% in the same time frame for a total gain of 46,061%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Berkshire's success can be attributed to its longtime CEO, Warren Buffett, who only stepped down from the role at the end of last year. Buffett has always said this one thing about long-term investing, and history has never once proved him wrong.
It can be very difficult in today's market to be a disciplined, long-term investor. After all, there are frequent tales of how common retail investors made extreme riches from investing in meme stocks or meme coins, using options, leverage, or just pouring all of their capital into the high-flying artificial intelligence sector.
#NVIDIA #total
Between 1965 and 2025, the stock generated compound annual gains of 19.7% and a total gain of an astonishing 6,099,294%. Despite being quite successful in its own right, the broader benchmark S&P 500 has generated compound annual gains of 10.5% in the same time frame for a total gain of 46,061%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Berkshire's success can be attributed to its longtime CEO, Warren Buffett, who only stepped down from the role at the end of last year. Buffett has always said this one thing about long-term investing, and history has never once proved him wrong.
It can be very difficult in today's market to be a disciplined, long-term investor. After all, there are frequent tales of how common retail investors made extreme riches from investing in meme stocks or meme coins, using options, leverage, or just pouring all of their capital into the high-flying artificial intelligence sector.
#NVIDIA #total
1 month ago
The Williams Companies, Inc. (WMB), headquartered in Tulsa, Oklahoma, operates as an energy infrastructure company focused on connecting North America's hydrocarbon resource plays to growing markets for natural gas, natural gas liquids (NGLs), and olefins. With a market cap of $87.4 billion, the company owns and operates midstream gathering and processing ****** ets, and interstate natural gas pipelines.
Shares of this natural gas giant have underperformed the broader market over the past year. WMB has gained 18.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 22.2%. However, in 2026, WMB stock is up 19%, surpassing the SPX's 13% rise on a YTD basis.
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#operates #williams #tulsa
Shares of this natural gas giant have underperformed the broader market over the past year. WMB has gained 18.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 22.2%. However, in 2026, WMB stock is up 19%, surpassing the SPX's 13% rise on a YTD basis.
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#operates #williams #tulsa
1 month ago
September WTI crude oil (CLU26) today is down -3.77 (-4.72%), and September RBOB gasoline (RBU26) is down -0.1201 (-4.05%).
Crude oil and gasoline prices are sharply lower today for a second day, with crude falling to a 3-week low and gasoline dropping to a 4.75-month nearest-futures low. Growing hopes that the US and Iran are moving to a deal to reopen the Strait of Hormuz are weighing on crude prices. Also, an increase in Saudi oil exports through the Red Sea is boosting global crude supplies and undercutting oil prices.
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#crude #gasoline #september #rbob
Crude oil and gasoline prices are sharply lower today for a second day, with crude falling to a 3-week low and gasoline dropping to a 4.75-month nearest-futures low. Growing hopes that the US and Iran are moving to a deal to reopen the Strait of Hormuz are weighing on crude prices. Also, an increase in Saudi oil exports through the Red Sea is boosting global crude supplies and undercutting oil prices.
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#crude #gasoline #september #rbob
1 month ago
Vertiv (VRT) had one of its roughest earnings days this week.
Its stock fell about 17% on July 29.
The AI infrastructure company's second-quarter earnings beat expectations, but its revenue fell short of Wall Street's expectations, and that was enough to sink the stock.
Then the company's CEO went on television and told investors to calm down.
"This is a temporary issue," Giordano Albertazzi said on CNBC's "Mad Money." "Nothing has changed in the long term of our trajectory."
#earnings #expectations #vertiv #albertazzi
Its stock fell about 17% on July 29.
The AI infrastructure company's second-quarter earnings beat expectations, but its revenue fell short of Wall Street's expectations, and that was enough to sink the stock.
Then the company's CEO went on television and told investors to calm down.
"This is a temporary issue," Giordano Albertazzi said on CNBC's "Mad Money." "Nothing has changed in the long term of our trajectory."
#earnings #expectations #vertiv #albertazzi
1 month ago
Our ***** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Management is aggressively driving portfolio turnover to reallocate capital from legacy ***** ets into high-conviction themes like residential, industrial, and net lease sectors.
The company entered the $200 billion single-family home builder finance market to capture share from retreating regional banks, targeting mid-to-high teens levered yields.
Total office exposure has been reduced from 36% to 21% of the portfolio, with a goal to reduce legacy pre-2023 and office exposure by 40% or more by year-end.
Performance remains strong across the vast majority of the portfolio, supported by a 10-quarter trend of improving real estate values and a 20-year high in CMBS issuance.
#Portfolio #exposure #total
Management is aggressively driving portfolio turnover to reallocate capital from legacy ***** ets into high-conviction themes like residential, industrial, and net lease sectors.
The company entered the $200 billion single-family home builder finance market to capture share from retreating regional banks, targeting mid-to-high teens levered yields.
Total office exposure has been reduced from 36% to 21% of the portfolio, with a goal to reduce legacy pre-2023 and office exposure by 40% or more by year-end.
Performance remains strong across the vast majority of the portfolio, supported by a 10-quarter trend of improving real estate values and a 20-year high in CMBS issuance.
#Portfolio #exposure #total
2 months ago
Commodity producing and trading giant Glencore expects to post a profit of $3.3 billion in its marketing division for the first half of the year, as extreme market volatility during the Iran war generated windfall earnings for the energy commodity traders.
Glencore expects to report next week a strong half-year marketing adjusted earnings before interest and tax (EBIT) of about $3.3 billion in its Marketing segment, which includes oil trading, the company said on Wednesday in its half-year production report.
The trading giant didn't specify how much energy trading contributed to the profit, but it's expected to do so in the detailed half-year earnings due out next week.
At any rate, the market volatility of the past five months is putting Glencore's trading profit on track for its best year ever if energy markets continue to whipsaw in the coming months.
Glencore book its highest ever full-year EBIT in marketing for 2022, the year in which the Russian invasion of Ukraine upended energy flows and markets and sent oil prices soaring to $120 per barrel.
#Marketing #energy #profit
Glencore expects to report next week a strong half-year marketing adjusted earnings before interest and tax (EBIT) of about $3.3 billion in its Marketing segment, which includes oil trading, the company said on Wednesday in its half-year production report.
The trading giant didn't specify how much energy trading contributed to the profit, but it's expected to do so in the detailed half-year earnings due out next week.
At any rate, the market volatility of the past five months is putting Glencore's trading profit on track for its best year ever if energy markets continue to whipsaw in the coming months.
Glencore book its highest ever full-year EBIT in marketing for 2022, the year in which the Russian invasion of Ukraine upended energy flows and markets and sent oil prices soaring to $120 per barrel.
#Marketing #energy #profit
2 months ago
Crude oil prices dropped sharply on Monday as investors unwound geopolitical risk premiums following indications that tensions between the United States and Iran may be easing. The selloff erased much of the rally seen last week, when fears of a wider conflict briefly pushed Brent crude close to the $100-per-barrel level.
By 06:11 GMT, Brent crude futures were down 6% at $90.93 per barrel after briefly falling below $90 earlier in the session. U.S. West Texas Intermediate (WTI) crude futures declined 6.1% to $83.83 per barrel.
Last week, Brent climbed to around $100 a barrel after the conflict expanded beyond the Strait of Hormuz into the Red Sea, raising concerns over Middle Eastern oil exports.
However, market sentiment shifted after Washington paused its military campaign following 13 consecutive nights of strikes, allowing additional time for diplomatic negotiations after weeks of escalating hostilities.
Iran quickly responded to the move. According to Reuters, an Iranian official said Tehran would halt retaliatory attacks provided the United States maintained its suspension of military operations. Both governments have nevertheless indicated they are prepared to resume military action if negotiations fail.
#united #Iran
By 06:11 GMT, Brent crude futures were down 6% at $90.93 per barrel after briefly falling below $90 earlier in the session. U.S. West Texas Intermediate (WTI) crude futures declined 6.1% to $83.83 per barrel.
Last week, Brent climbed to around $100 a barrel after the conflict expanded beyond the Strait of Hormuz into the Red Sea, raising concerns over Middle Eastern oil exports.
However, market sentiment shifted after Washington paused its military campaign following 13 consecutive nights of strikes, allowing additional time for diplomatic negotiations after weeks of escalating hostilities.
Iran quickly responded to the move. According to Reuters, an Iranian official said Tehran would halt retaliatory attacks provided the United States maintained its suspension of military operations. Both governments have nevertheless indicated they are prepared to resume military action if negotiations fail.
#united #Iran
2 months ago
Ether (ETH), the native token of the Ethereum protocol, has jumped roughly 25% in the past month, but a classic technical setup shows potential price correction ahead.
ETH was trading near $1,890 on July 24, having recovered from its June low near $1,510. However, the rebound has developed between two ascending, converging trendlines, creating the rising wedge structure.
A rising wedge typically reflects weakening bullish momentum because price continues to form higher highs and higher lows within an increasingly narrow range.
The pattern confirms when the price closes below its lower trendline with stronger trading volume and falls by as much as the maximum distance between the lower and the upper trendline.
For Ether, the wedge support appears near $1,830–$1,850, overlapping with its 50-day exponential moving average (50-day EMA, red) at approximately $1,832. Losing this support could accelerate the sell-off toward $1,600–$1,605, representing a decline of around 15% from current prices.
#ether #lower
ETH was trading near $1,890 on July 24, having recovered from its June low near $1,510. However, the rebound has developed between two ascending, converging trendlines, creating the rising wedge structure.
A rising wedge typically reflects weakening bullish momentum because price continues to form higher highs and higher lows within an increasingly narrow range.
The pattern confirms when the price closes below its lower trendline with stronger trading volume and falls by as much as the maximum distance between the lower and the upper trendline.
For Ether, the wedge support appears near $1,830–$1,850, overlapping with its 50-day exponential moving average (50-day EMA, red) at approximately $1,832. Losing this support could accelerate the sell-off toward $1,600–$1,605, representing a decline of around 15% from current prices.
#ether #lower
2 months ago
Intellistake Technologies Corp. (CSE: $ISTK) has taken full ownership of Gravity, giving the company control of a prediction-market technology it now believes can serve a wider set of liquidity and execution needs.
The company and Prospect Prediction Markets agreed to terminate their March development and platform agreement. Intellistake will retain Gravity's software, algorithms, AI and machine-learning models, interfaces, specifications and related development work, while Prospect's two-year exclusivity period and revenue-sharing rights have been removed.
Gravity was initially being developed around Prospect's platform. Intellistake now plans to explore applications across additional prediction markets, contract categories and other fragmented markets where thin liquidity can create pricing gaps, one-sided trading and unreliable execution.
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#company #execution
The company and Prospect Prediction Markets agreed to terminate their March development and platform agreement. Intellistake will retain Gravity's software, algorithms, AI and machine-learning models, interfaces, specifications and related development work, while Prospect's two-year exclusivity period and revenue-sharing rights have been removed.
Gravity was initially being developed around Prospect's platform. Intellistake now plans to explore applications across additional prediction markets, contract categories and other fragmented markets where thin liquidity can create pricing gaps, one-sided trading and unreliable execution.
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MEXC Reports 7.1 Billion USDT in ******* eX Futures Volume as Q2 Closes the Gap to Wall Street
#company #execution
2 months ago
Tutor Perini (NYSE: TPC) has been tapped for inclusion on an index run by a high-profile financial information and ****** ysis company, and investors were there for it on Tuesday. Following the news, they eagerly snapped up shares of the construction company, leaving it with a nearly 8% gain that trading session.
Just after market close on Monday, S&P Global's S&P Dow Jones Indices announced modifications to its S&P MidCap 400 and S&P SmallCap 600 indexes.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The one that affected Tutor Perini was the looming departure of a fellow construction stock, Taylor Morrison Home, from the S&P MidCap 400. Taylor Morrison is being acquired by the once Warren Buffett-led Berkshire Hathaway and will no longer be an independent company.
Taylor Morrison's place in that index will be taken by current S&P SmallCap 600 constituent Krystal Biotech (NASDAQ: KRYS). In turn, Tutor Perini will supplant Krystal Biotech in that lineup.
#perini #taylor #signal
Just after market close on Monday, S&P Global's S&P Dow Jones Indices announced modifications to its S&P MidCap 400 and S&P SmallCap 600 indexes.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The one that affected Tutor Perini was the looming departure of a fellow construction stock, Taylor Morrison Home, from the S&P MidCap 400. Taylor Morrison is being acquired by the once Warren Buffett-led Berkshire Hathaway and will no longer be an independent company.
Taylor Morrison's place in that index will be taken by current S&P SmallCap 600 constituent Krystal Biotech (NASDAQ: KRYS). In turn, Tutor Perini will supplant Krystal Biotech in that lineup.
#perini #taylor #signal
2 months ago
Is ADP a good stock to buy? We came across a bullish thesis on Automatic Data Processing, Inc. on Contrarian Indicator's Substack by Cameron Fen. In this article, we will summarize the bulls' thesis on ADP. Automatic Data Processing, Inc.'s share was trading at $253.31 as of July 16th. ADP's trailing and forward P/E were 23.93 and 21.10 respectively according to Yahoo Finance.
Copyright: welcomia / 123RF Stock Photo
Automatic Data Processing, Inc. provides cloud-based human capital management (HCM) solutions worldwide. ADP's latest quarter delivered a 14% increase in client-funds interest and 80 basis points of adjusted margin expansion, but with the shares already above the original $250 bull target, investors must decide whether they are buying a durable improvement in the payroll franchise or capitalizing a temporary lift from interest rates and a labor market that has not yet cracked.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
Copyright: welcomia / 123RF Stock Photo
Automatic Data Processing, Inc. provides cloud-based human capital management (HCM) solutions worldwide. ADP's latest quarter delivered a 14% increase in client-funds interest and 80 basis points of adjusted margin expansion, but with the shares already above the original $250 bull target, investors must decide whether they are buying a durable improvement in the payroll franchise or capitalizing a temporary lift from interest rates and a labor market that has not yet cracked.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
