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Du0TYCLo7d
2 days ago
Valued at a market cap of $83.4 billion, Mondelez International, Inc. (MDLZ) is a global leader in the snacking industry, operating in more than 150 countries worldwide. The company is renowned for its diverse portfolio of iconic global and local brands, including Oreo, Ritz, LU, Clif Bar, Tate's Bake Shop, Cadbury Dairy Milk, Milka, and Toblerone.
Shares of the Chicago, Illinois-based company have underperformed the broader market over the past 52 weeks. MDLZ stock has fallen 3.8% over this time frame, while the broader S&P 500 Index ($SPX) has increased 16.5%. However, shares of the company are up 16.4% on a YTD basis, outpacing SPX's 8.3% rise.
Dear Sandisk Stock Fans, Mark Your Calendars for August 5
Intel Stock Sinks 40%, But Most ******* ysts Still Aren't Bullish on INTC
Nebius Stock Gets Another Wall Street Upgrade. Here's Why Investors Are Paying Attention.

#global
Du0TYCLo7d
3 days 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 characterizes 2026 as a transition year centered on the nationwide rollout of the Tekion DMS, which has now surpassed the 70% implementation milestone.
Performance drivers in mature Tekion markets (5+ months post-conversion) show double-digit productivity gains; specifically, in the month of June, these stores grew average units per salesperson by 12% and increased dollars per technician by 10%.
New vehicle PVRs of $2.9 thousand on a same-store basis indicate flattening sequential declines, suggesting the market is nearing normalized levels.
The company is pivoting its used vehicle strategy from a strict focus on gross profit preservation to driving higher volume while maintaining healthy PVRs, supported by a 37-day supply.

#tekion
Du0TYCLo7d
3 days ago
Eni raised its 2026 oil and gas production outlook and expanded its share buyback program after reporting significantly stronger second-quarter results, supported by double-digit production growth, higher commodity prices and improved performance across several business segments.
The Italian energy company now expects underlying full-year hydrocarbon production growth of around 5%, up from its previous guidance of 3% to 4%, following 11% year-over-year underlying production growth in the second quarter to 1.79 million barrels of oil equivalent per day, excluding price effects.
The improved outlook prompted Eni to increase its planned 2026 share repurchase program to €3.4 billion, up from the previously revised €2.8 billion, while reaffirming its planned dividend of €1.10 per share. The company also said an extraordinary dividend could be considered later this year if refining margins remain well above budget ****** umptions.
Second-quarter adjusted EBIT more than doubled year over year to €5.38 billion, while adjusted net profit rose to €2.3 billion. The upstream business generated €4.77 billion in adjusted EBIT, benefiting from higher production, favorable oil realizations and continued cost discipline. Cash flow before working capital reached €4.47 billion, comfortably covering €1.84 billion in capital spending and €1.35 billion returned to shareholders through dividends and buybacks during the quarter.
Strategically, Eni continued expanding its upstream portfolio and transition businesses. During the quarter it established the Searah joint venture with Petronas, creating a regional platform spanning Indonesia and Malaysia that will develop major gas discoveries in the Kutei Basin. The company also approved final investment decisions for the Baleine Phase 3 development offshore Côte d'Ivoire, the Greater PAJ project offshore Angola, and the Cronos gas project offshore Cyprus.

#production #second
Du0TYCLo7d
3 days 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.
Turns out people will actually buy more deodorant, not just pay more for the same bottle. Unilever just proved it, and Wall Street liked the smell of that a lot more than the profit margin underneath it.
Unilever reported first-half revenue of €25.6 billion, powered by underlying sales growth of 4.8%, ahead of expectations and driven mostly by volume rather than price. Volumes rose 4.2% in the first half, with price increases filling in the rest.
The second quarter ran even hotter. Underlying sales grew 5.8%, beating ******* yst forecasts, while volumes jumped 5.5%, Unilever's strongest quarterly volume performance since 2010. Management upgraded full-year guidance to 4% to 6% underlying sales growth, up from the low end of that range, alongside roughly 3% volume growth expected for the year.
Beauty and wellbeing, personal care, and home care carried the quarter, with Dove, Vaseline, Rexona, Lynx, Cif, and Axe all benefiting from heavier marketing spend and a major World Cup push. Food was the weak link, volumes slipping slightly, which is exactly the division Unilever is already peeling off into a standalone business through its deal with McCormick.

#underlying #Growth #quarter
Du0TYCLo7d
10 days ago
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#please #using #tools
Du0TYCLo7d
11 days ago
Germany's Intersnack Group has struck a deal to take US snacks maker Utz Brands private.
The transaction gives the Utz and Boulder Canyon brand owner an enterprise value of around $2.9bn.
In a joint statement today (21 July), the price per share for the transaction was put at $14.25, which was said to be a 91% premium over Utz Brands' closing share value on 20 July.
After the completion of the deal, the family shareholders of New York-listed Utz Brands – the Rice and Lissette families – will own 50% and Intersnack holding the remainder.
Intersnack is also a family-owned private business, which generated sales last year of around $5bn.

#july
Du0TYCLo7d
12 days ago
L1 Capital, an investment management firm, released its "L1 Capital International Fund" (unhedged) second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The letter discusses the current investment environment as a 'two-speed' but resilient global economy, accompanied by an uncertain future. The letter explores the potential of an AI bubble, distinguishing between strong fundamentals and speculative momentum. Additionally, the market displays a 'narrow' character, marked by high exuberance and ****** ounced over-pessimism. Against this backdrop, the Fund returned +2.6% (net of fees) during the June 2026 quarter, compared to the benchmark return of +12.5% (all in A$). The underperformance was driven more by which investments were not held in the Fund. The Fund remains focused on quality, valuation and the avoidance of permanent capital loss, and believes the portfolio is positioned to deliver attractive risk-adjusted returns for patient investors. In addition, you can check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, L1 Capital International Fund highlighted Amazon.com, Inc. (NASDAQ:AMZN). Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology and retail company known for its leading online marketplace and cloud platform. On July 16, 2026, Amazon.com, Inc. (NASDAQ:AMZN) closed at $247.23 per share. One-month return of Amazon.com, Inc. (NASDAQ:AMZN) was 6.20%, and its shares gained 10.51% over the past 52 weeks. Amazon.com, Inc. (NASDAQ:AMZN) has a market capitalization of $2.69 trillion.
L1 Capital International Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q2 2026 investor update:
"At an individual stock level, while the Fund had more positive contributors than negative detractors to returns, quarterly performance was again mixed. Amazon.com contributed around 1.0%. We remain excited by the outlook for Amazon.com, Inc. (NASDAQ:AMZN), both for the ecommerce business and Amazon Web Services (AWS). Operational execution within ecommerce is consistently improving, and the June 2026 announcement to extend Amazon Freight services to the less-than-truckload market segment is an indication that management has sufficient comfort in the operational performance of the logistics network to further extend the platform to third parties.
We expect further increases in AWS's capital expenditure which will result in Amazon.com generating negative free cash flow. We believe the market remains overly focused on near-term free cash flow and continues to underappreciate the longer-term structural opportunity for the hyperscalers and the potential returns on their AI-related capital investment. Amazon CEO Andy Jassy's Letter to Shareholders in April 2026 is recommended reading, particularly his perspectives on AI and how Amazon is being positioned for what he considers to be a 'seminal shift'. Jassy shed some light on AWS's internal chip capabilities (part
Du0TYCLo7d
14 days ago
Just when we thought things were going in a good direction, tensions in the Middle East escalated again. If things worsen, it may eventually impact broader equities. Even if that doesn't happen, it's always useful for investors to buy shares in solid, dividend-paying corporations that can perform relatively well -- and continue raising their payouts -- regardless of economic conditions.
Let's consider two excellent stocks that fit the bill: AbbVie (NYSE: ABBV) and Johnson & Johnson (NYSE: JNJ). Both are Dividend Kings, or companies with at least 50 consecutive years of dividend increases. Here's why they are among my favorite stocks in this elite group to buy right now.
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 »
AbbVie, a pharmaceutical leader, boasts a deep portfolio of medicines across several therapeutic areas. The company is best-known for its work in immunology, with its two growth pillars, Skyrizi and Rinvoq, performing even better than management had anticipated. They should maintain sales growth for a while, and by the time they run into patent cliffs, the drugmaker will almost certainly have found new growth drivers. AbbVie is developing promising products, including an investigational weight-loss medicine, ABBV-295, that performed well in early stage studies.
The anti-obesity market is growing rapidly, and AbbVie's candidate could prove a highly differentiated ***** et, as it can be administered monthly (the current leaders are taken weekly).
Du0TYCLo7d
23 days ago
Tesla Inc. (NASDAQ:TSLA) is one of the best QQQ Stocks to invest in. On July 2, Tesla announced its production and delivery figures for Q2 2026. During this period, the company produced 451,758 vehicles and delivered 480,126 units, while also deploying 13.5 GWh of energy storage products.
The total vehicle delivery count includes 467,762 Model 3/Y units and 12,364 vehicles categorized as "Other Models." The company noted that these figures are subject to operating lease accounting, which currently accounts for 2% of total deliveries.
Pixabay/Public Domain
On June 25, Barclays maintained an Equalweight rating and a $360 price target for Tesla, noting that while the firm expects second-quarter deliveries of approximately 418,000 units to beat consensus estimates, investor sentiment remains primarily driven by the company's advancements in robotics, Robotaxi, and artificial intelligence rather than its core automotive fundamentals.
Tesla Inc. (NASDAQ:TSLA) is a developer, manufacturer, designer, lessor, and seller of EVs, and energy generation and storage systems. The company operates across China, the US, and globally. It operates through the Automotive and Energy Generation and Storage segments.
Du0TYCLo7d
24 days ago
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Du0TYCLo7d
25 days ago
Monday was the first trading day for a generation of children to start building wealth using newly established "Trump accounts."
President Donald Trump rang the opening bells for the New York Stock Exchange and the Nasdaq to mark the occasion.
Trump floats idea of Australia's retirement system again. But what about Social Security?
The trade of the year is entering a new phase, says Goldman Sachs. Here's what it means for stocks.
How parents can take advantage of the 'best summer-camp tax break in years'
Du0TYCLo7d
28 days ago
ServiceNow, Inc. (NYSE:NOW) was among the stocks Jim Cramer commented on as he advised investors on how to take advantage of Wednesday's market rotation. Cramer noted the AI worries around the stock, as he commented:
Next up, after cratering all year, the software-as-a-service stocks like Salesforce, like ServiceNow, oh, they were flying today. Now, these companies have been hurt by artificial intelligence platforms like Anthropic's Claude. I believe AI is cutting a lot of jobs… [for] potential and actual users of their products, and their nascent AI businesses, they're not making up for the lost seats. That's the method of payment for these companies, by the seat. And that's why I'm betting that these gains, they may be ephemeral. ServiceNow and Salesforce are down so much for the year, though, off 31 and 38%, respectively. They're, look, these are due for at least a couple of days' bounce. But it's just a bounce, people, until we see earnings that can tell a different story of this entire enterprise software group.
ServiceNow, Inc. (NYSE:NOW) provides a cloud platform that supports digital workflows through AI, automation, low-code tools, ****** ytics, and a suite of IT, security, customer service, and employee experience products.
While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years
Du0TYCLo7d
28 days ago
SpaceX (NASDAQ: SPCX) stock has been incredibly volatile in the weeks following its groundbreaking IPO.
In many ways, this was expected. The company sold less than 5% of its total outstanding shares during its public sale. That means just a tiny fraction of the company is available for public purchase -- a dynamic that can lead to sudden supply-and-demand imbalances. Most major companies, for comparison, have at least 80% of their outstanding shares trading on public markets.
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 »
After pricing its IPO at around $135 per share, the stock immediately soared well above $200 per share. ***** eX shares tumbled in the days to come, bottoming out around $150 per share.
Right now, however, a rebound is taking place. With the stock crossing above the $170 mark as of this writing, how much upside does Wall Street see remaining? You might be surprised by the answer.
Du0TYCLo7d
1 month ago
Choosing between Bristol Myers Squibb (NYSE:BMY) and Johnson & Johnson (NYSE:JNJ) means deciding whether you prefer a pure-play pharmaceutical company trading at a deep discount or a diversified giant with higher growth.
While both operate within the same broader sector, their business models differ significantly. Bristol Myers focuses heavily on drug development for serious diseases, while Johnson & Johnson splits its attention between medicine and medical devices. Let's compare them and weigh their specific risks and financial health.
Bristol Myers operates as a major player in the pharmaceutical stocks **** e, focusing on oncology, hematology, and immunology. The company sells its innovative medicines primarily to wholesalers and specialty pharmacies, relying on established distribution channels for top products like Opdivo and Eliquis. Key commercial alliances with Merck (NYSE:MRK) and BioNTech (NASDAQ:BNTX) help Bristol Myers expand its reach in specialized therapeutic areas.
In fiscal 2025, revenue reached nearly $48.2 billion, reflecting a slight decrease of approximately 0.2% compared to the previous year. The company reported net income of roughly $7.1 billion during this period, resulting in a net margin of approximately 14.6%. This was a significant recovery from the prior fiscal year, when Bristol Myers recorded a substantial net loss following specific business shifts.
As of its December 2025 balance sheet, the debt-to-equity ratio is roughly 2.6. This figure, which compares total debt to the value of shareholder equity, suggests a higher reliance on borrowed funds. The current ratio, which measures the company's ability to cover short-term debts with current **** ets, is approximately 1.3, while free cash flow reached nearly $12.8 billion.
Du0TYCLo7d
1 month ago
Some $442bn has been lost globally to financial fraud in the last year and as banks around the world accelerate their shift to data-driven fintech models, the complexity of these systems is creating new blind spots for fraud.
As Michael Down tells RBI, fraud now moves through coordinated networks of mule accounts, synthetic identities, and transactions, rather than in isolation.
As AI is helping to increase the speed, scale and sophistication of attacks, the real-world impact is one in which financial firms aren't currently set up to connect the dots within these invisible networks. And he explains how graph intelligence goes beyond detection, to change what's operationally possible for the teams behind the scenes and is successful in uncovering suspicious patterns that traditional systems miss.
Michael Down, Global Head of Financial Services at Neo4j:
AI has fundamentally changed the economics of fraud. What once required coordinated human effort – creating fake identities, crafting convincing phishing messages, and manipulating documents – can now be automated and deployed at scale in minutes with AI.
Du0TYCLo7d
1 month ago
Amazon (AMZN) is heading into Prime Day with a simple problem and a simple opportunity. The problem is that investors still worry about big AI spending, slower consumer demand, and whether all of this infrastructure will pay off fast enough. The opportunity is that Prime Day gives Amazon a clean read on shopper demand right when the company wants to show that its retail machine, ads business, and cloud platform are still firing together.
This year's event runs from June 23 to June 26, and Amazon is also using the moment to push its new Alexa for Shopping tool, which could make Prime Day more than just a sales event. It could become a test of how much AI can help Amazon sell.
Palantir Stock Crashes to a 52-Week Low: Why It's Time to Buy the Dip.
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Du0TYCLo7d
1 month ago
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June 24, 2026 11:15 am ET
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U.S. crude oil inventories fell for a ninth consecutive week while gasoline and distillate fuel stocks posted increases, according to data released Wednesday by the U.S. Energy Information Administration.
Du0TYCLo7d
1 month ago
Microsoft (MSFT) stock is currently in a downtrend, putting in a series of lower highs and lower lows. The stock is also below its 50-day and 200-day moving averages and closed near its intraday low on Monday.
This kind of bearish price action could indicate further weakness ahead for the stock, in which case a bear call spread could work well.
This bear call spread that ***** umes Microsoft will fail to get back above 400 in the next few weeks. A bear call spread involves selling an out-of-the-money call and buying a further out-of-the-money call.
A bear call spread can be profitable if the stock trades lower, sideways, and even if it trades slightly higher, as long as it stays below the short call at the contract's expiration.
A bear call spread with a July 17 expiration on Microsoft stock using the 400-405 strike prices recently sold for around 55 cents a share per set of contracts. Amid a gain in Microsoft stock on Tuesday morning, that spread grew to around 85 cents.
Du0TYCLo7d
1 month ago
We just covered the 10 Best Financial Stocks to Buy According to Warren Buffett and Chubb Limited (NYSE:CB) ranks 3rd on this list.
Chubb Limited (NYSE:CB) is a relatively recent addition to the 13F portfolio of Berkshire Hathaway. The fund first declared a stake in the company in the third quarter of 2023. Back then, this position comprised a little over 8 million shares. In the quarters since, the fund has gradually added to this holding. By early 2024, the fund owned over 24 million shares in the company. By the third quarter of 2025, this figure had jumped to over 31 million. Filings for the first quarter of 2026 show that the fund owned over 34 million shares in the firm, the same as in the filings for the fourth quarter of 2025.
Elite investors are bullish on Chubb Limited (NYSE:CB) as the firm has industry-leading underwriting margins and a healthy investment income tailwind. In the first quarter of 2026, the firm reported core operating income of $2.7 billion, or $6.82 per share, a 85.2% growth year-over-year that beat the consensus estimate of $6.61. Consolidated net premiums written climbed 10.7% to $14 billion. Growth was strong across the board, with Property & Casualty (P&C) premiums up 7.2% and Life Insurance premium volumes surging 33.1%. Earlier this month, the board authorized a brand new $7.5 billion share repurchase program.
While we acknowledge the potential of CB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: Growth Stock Portfolio: 12 Stock Picks by Carl C. Icahn and Chris Rokos Stock Portfolio: Top 10 Stock Picks.
Du0TYCLo7d
1 month ago
Uber Technologies, Inc. (NYSE:UBER) is among the stocks with the best earnings growth for the next 3 years. Ivan Feinseth, an ****** yst at Tigress Financial, elevated the price target on Uber Technologies, Inc. (NYSE:UBER) to $115 from $110 on June 12. In a research note, the ****** yst said that the company's long-term potential is supported by scaled network effects in mobility and delivery, in addition to opportunities in high-margin segments. The firm maintains a Buy rating on the shares.
What makes the case stronger for Uber Technologies, Inc. (NYSE:UBER) is its GO-GET strategy, which is based on capital-light partnerships and an AI-driven platform, the firm highlighted, adding that this approach will support Uber One engagement. The company is also engaged in boosting unit economics, scaling Uber AI Solutions, and driving AI-powered product innovation, Tigress Financial outlined.
Photo by Zhuo Cheng you on Unsplash
Overall, 88% of ****** ysts are bullish on the company, with 11% neutral, and the remaining 2% bearish. With a Return on Equity (ttm) of 35.31%, Uber Technologies, Inc. (NYSE:UBER) has secured a spot in our list of stocks with the best earnings growth for the next 3 years.
Uber Technologies, Inc. (NYSE:UBER) is a California-based technology company that operates a global platform for ride-hailing, food delivery, and freight logistics services. Founded in 2009, the company has three main segments: Mobility, Delivery, and Freight.
Du0TYCLo7d
1 month ago
Janus Henderson Investors, an investment management company, released its "Forty Fund" first-quarter 2026 investor letter. A copy of the letter can be downloaded here. Fund returned -12.25% in the quarter, underperforming the Russell 1000 Growth Index (-9.78%). Despite this, its 10-year annualized returns are approximately 15%. The recent quarter's challenges stemmed from volatility and stock selection in the consumer discretionary sector. Initially, strong economic growth supported the market, but shifts occurred due to the Middle East conflict and inflation concerns. Artificial intelligence (AI) continued to be a strong investment theme, evidenced by rising share prices for AI supply chain companies. The Fund maintains a positive view on the economic outlook despite current uncertainties. In addition, you can check the Fund's top 5 holdings for its best picks for 2026.
In its first-quarter 2026 investor letter, Janus Henderson Forty Fund highlighted Eaton Corporation plc (NYSE:ETN) as a notable performance contributor. Eaton Corporation plc (NYSE:ETN) is a power management company that offers energy-efficient power management solutions for data centers and other industries. On June 16, 2026, Eaton Corporation plc (NYSE:ETN) closed at $407.71 per share. One-month return of Eaton Corporation plc (NYSE:ETN) was 10.00%, and its shares gained 24.73% over the past 52 weeks. Eaton Corporation plc (NYSE:ETN) has a market capitalization of $158.31 billion.
Janus Henderson Forty Fund stated the following regarding Eaton Corporation plc (NYSE:ETN) in its Q1 2026 investor letter:
"Relative performance benefited from our investment in Eaton Corporation plc (NYSE:ETN), which provides energy-efficient power management solutions to numerous end markets. Investors have been particularly excited about Eaton's growing opportunity to supply data centers, a business that has resulted in strong order and backlog growth. Eaton's recent acquisition of Boyd Gaming has also strengthened its position in liquid-cooling technology, which may be another growth opportunity tied to data centers."
Eaton Corporation plc (NYSE:ETN) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 73 hedge fund portfolios held Eaton Corporation plc (NYSE:ETN) at the end of the first quarter, compared to 87 in the previous quarter. Eaton Corporation plc (NYSE:ETN) reported record revenue of $7.5 billion in Q1 2026 and $1.7 billion of segment operating profit. While we acknowledge the potential of Eaton Corporation plc (NYSE:ETN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Du0TYCLo7d
2 months ago
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A major PwC study of over one billion job ads worldwide found that AI is reshaping entry-level work by "seniorizing" junior roles.
AI‑exposed U.S. entry-level jobs are now seven times more likely to demand traditionally senior skills like leadership, judgment and face-to-face collaboration than they were in 2019.
The higher expectations reflect a reality in which AI can handle more routine tasks, pushing humans toward other work responsibilities.
Employers are looking for new junior hires that have "traditionally senior" skills, a new PwC study found.
Du0TYCLo7d
2 months ago
The benchmark crude grades of the Middle East have slumped this week as the U.S.-Iran deal raises hopes that supply from the top oil-exporting region would begin to recover soon.
As a result of the eased concerns about prompt crude supply from the region, the key benchmark crudes, Dubai and Murban, saw their futures curve structure on Tuesday flip to contango for the first time since the war began on February 28, according to data compiled by Bloomberg.
The contango structure, in which prices for contracts dated further out in time are higher than the prompt contracts, suggests that concerns about the immediate lack of crude supply have eased significantly.
The slight contango of Dubai's contracts for July versus August compares with a peak backwardation of as much as $13 a barrel in March. Since the war began, Middle East crude curves have been in constant backwardation, the market structure where prompt crude oil prices trade at a higher premium than contracts for delivery further out. Backwardation suggests immediate physical scarcity or high geopolitical risk.
If the U.S.-Iran agreement holds and the Strait of Hormuz reopens for safe, sustainable tanker traffic, Dubai and Murban prices are set for further declines as millions of barrels of crude from the Middle East are sitting in storage on tankers in the Persian Gulf, while an open Strait would prompt producers to begin restoring production volumes they were forced to curtail early in the conflict.
Du0TYCLo7d
2 months ago
Shipping a product people love and running a company that makes money are two different jobs. One earns applause. The other earns a line on the balance sheet, and the two rarely arrive in the same week.
Rivian spent years selling the idea that it could become the next great American carmaker. Its trucks won awards. Its brand built a following most legacy automakers would envy. Amazon (AMZN) placed a large delivery van order and an early equity bet. For a company that has never posted an annual profit, the entire story rested on one promise, that a cheaper, higher volume vehicle would finally turn all that attention into earnings.
That vehicle is the R2, a midsize sport utility vehicle (SUV) built around a promised base price near $45,000 that began reaching buyers in June 2026. It is the most important launch Rivian has ever attempted. Which is what makes the timing of the next move so jarring.
Rivian laid off hundreds of workers on Tuesday, June 16, roughly one week after the first R2 deliveries. The cuts touched less than 2% of its workforce and fell mostly on service and customer teams. Rivian said it had "restructured a handful of teams" as it works to scale the business profitably, according to CNBC.
The size of the cut is small. The signal is not. Rivian employed 15,232 people at the end of last year, so less than 2% works out to up to roughly 300 jobs, according to Electrek.
Du0TYCLo7d
2 months ago
Shares of electronic design automation Cadence Design Systems (CDNS) found themselves back in the spotlight on June 8 after the company announced an expanded partnership with Intel (INTW) Foundry that could help shape the next generation of chip technology. The new multi-year collaboration centers on Design Technology Co-Optimization (DTCO) for Intel's upcoming process nodes, beginning with Intel 14A, and brings together Cadence's agentic AI-powered EDA and Design IP solutions with Intel's advanced manufacturing expertise.
The partnership is focused on optimizing tools, design flows, and methodologies to deliver industry-leading performance, power, and area (PPA) improvements. As part of the effort, Cadence and Intel will work closely to refine Intel 14A and deliver production-ready process design kits (PDKs). The collaboration will also tap into Cadence's agentic AI-driven workflows and core product portfolio to accelerate time-to-market while reducing design complexity and risk.
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