21 days ago
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For workers wondering how far artificial intelligence could go, JPMorgan Chase CEO Jamie Dimon has a straightforward answer — AI is going to change the job market, whether people are ready for it or not. Some jobs will disappear, others will change and new ones will likely emerge. But Dimon warned that the speed of that transition could matter just as much as the technology itself.
"As a business person, my view is don't put your head in the sand," Dimon said at the World Economic Forum's annual meeting in Davos, Switzerland, in January. "It is what it is. We're going to deploy it. Will it eliminate jobs? Yes. Will it change jobs? Yes. Will it add some jobs? Probably."
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Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100.
#earn #benzinga #chase
For workers wondering how far artificial intelligence could go, JPMorgan Chase CEO Jamie Dimon has a straightforward answer — AI is going to change the job market, whether people are ready for it or not. Some jobs will disappear, others will change and new ones will likely emerge. But Dimon warned that the speed of that transition could matter just as much as the technology itself.
"As a business person, my view is don't put your head in the sand," Dimon said at the World Economic Forum's annual meeting in Davos, Switzerland, in January. "It is what it is. We're going to deploy it. Will it eliminate jobs? Yes. Will it change jobs? Yes. Will it add some jobs? Probably."
Don't Miss:
Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100.
#earn #benzinga #chase
22 days ago
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According to average rates from the Zillow lender marketplace, fixed and adjustable mortgage rates are moving in different directions compared to Monday, following a shift in rate-hike expectations.
The current 30-year fixed rate today, Tuesday, October 6, 2026, was unchanged at 7.40%, the 15-year fixed rate increased 6 basis points to 6.72%, and the 5/1 ARM decreased 11 basis points to 7.29%.
Read more: Weekly survey of mortgage lenders with the lowest rates: Two lenders hit 8%
Here are the current mortgage rates today, Tuesday, October 6, 2026, according to the latest Zillow data:
#rate #year
According to average rates from the Zillow lender marketplace, fixed and adjustable mortgage rates are moving in different directions compared to Monday, following a shift in rate-hike expectations.
The current 30-year fixed rate today, Tuesday, October 6, 2026, was unchanged at 7.40%, the 15-year fixed rate increased 6 basis points to 6.72%, and the 5/1 ARM decreased 11 basis points to 7.29%.
Read more: Weekly survey of mortgage lenders with the lowest rates: Two lenders hit 8%
Here are the current mortgage rates today, Tuesday, October 6, 2026, according to the latest Zillow data:
#rate #year
1 month ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Mortgage rates continue to rise as 2026 nears its fourth quarter. What is the outlook for home loan rates in the next five years? Should you wait for mortgage rates to fall significantly before buying or refinancing? Mortgage interest rates are determined by several factors, all of which can give us clues about the future. Let's take a closer look at mortgage rate predictions over the next five years.
Here are the housing market predictions for 2026.
One of the most useful indicators for predicting mortgage rates is the yield on the 10-year U.S. Treasury note. Mortgage rates and 10-year Treasury yields typically move in the same direction, although mortgage rates are usually higher because lenders factor in additional risks. This difference is known as the spread, and we'll account for it when estimating where mortgage rates could go.
With that in mind, the first step is to look at where economists believe Treasury yields are headed over the next five years. To build a forecast, we'll combine expert economic projections with data compiled using artificial intelligence.
#rates #five #yields
Mortgage rates continue to rise as 2026 nears its fourth quarter. What is the outlook for home loan rates in the next five years? Should you wait for mortgage rates to fall significantly before buying or refinancing? Mortgage interest rates are determined by several factors, all of which can give us clues about the future. Let's take a closer look at mortgage rate predictions over the next five years.
Here are the housing market predictions for 2026.
One of the most useful indicators for predicting mortgage rates is the yield on the 10-year U.S. Treasury note. Mortgage rates and 10-year Treasury yields typically move in the same direction, although mortgage rates are usually higher because lenders factor in additional risks. This difference is known as the spread, and we'll account for it when estimating where mortgage rates could go.
With that in mind, the first step is to look at where economists believe Treasury yields are headed over the next five years. To build a forecast, we'll combine expert economic projections with data compiled using artificial intelligence.
#rates #five #yields
1 month ago
Carter's unveiled a new brand identity and marketing campaign on Tuesday, as the children's clothing company works to attract a younger generation of parents and build on a recent business turnaround.
The rebrand centers on a new brand promise — "Let every child's light shine" — and a refreshed logo in which a shooting star replaces the apostrophe in the Carter's wordmark, the company said. A new 60-second film called "Watch Them Glow" will debut across connected television as the first major marketing expression of the new direction.
Chief Marketing Officer Sarah Crockett told CNBC that the company sees a significant shift in its core customer base. Gen Z is expected to account for a large share of new parents over the next several years, according to Carter's, and those parents tend to let children make their own clothing choices and turn to social media for guidance.
"We had an opportunity to really tap into the values that parents are bringing into the household," Crockett told CNBC.
The new identity will begin rolling out across Carter's channels in 2026, with additional retail, product, and packaging elements to follow in 2027, the company said. Carter's is also launching a creator program called Light Makers, featuring voices across North America, and expanding partnerships with organizations including Outward Bound and Boys & Girls Clubs of America.
#parents #Marketing #cnbc #America
The rebrand centers on a new brand promise — "Let every child's light shine" — and a refreshed logo in which a shooting star replaces the apostrophe in the Carter's wordmark, the company said. A new 60-second film called "Watch Them Glow" will debut across connected television as the first major marketing expression of the new direction.
Chief Marketing Officer Sarah Crockett told CNBC that the company sees a significant shift in its core customer base. Gen Z is expected to account for a large share of new parents over the next several years, according to Carter's, and those parents tend to let children make their own clothing choices and turn to social media for guidance.
"We had an opportunity to really tap into the values that parents are bringing into the household," Crockett told CNBC.
The new identity will begin rolling out across Carter's channels in 2026, with additional retail, product, and packaging elements to follow in 2027, the company said. Carter's is also launching a creator program called Light Makers, featuring voices across North America, and expanding partnerships with organizations including Outward Bound and Boys & Girls Clubs of America.
#parents #Marketing #cnbc #America
1 month ago
Howmet Aerospace Inc. (NYSE:HWM) is facing a mixed outlook after GE Aerospace agreed to acquire Consolidated Precision Products (CPP) for about $11.75 billion to secure more control over critical engine castings and expand production capacity. The announcement initially hit Howmet shares, which fell about 10%, as investors worried that GE could eventually rely less on outside suppliers such as Howmet.
However, Howmet CEO John Plant said he is comfortable with the deal and remains confident in Howmet's ability to grow. The bigger issue for Howmet right now appears to be how quickly it can expand capacity to keep up with soaring demand. Commercial aircraft production, defense activity and aftermarket demand are all increasing, while Howmet is also benefiting from demand for turbine components used in data centers. Plant said the scale of the required capital expansion is itself "testing" the company.
The strongest bullish argument for Howmet Aerospace Inc. (NYSE:HWM) is that GE's decision to spend nearly $12 billion on CPP validates how strategically valuable aerospace castings and engine components have become. The acquisition is aimed at addressing a supply bottleneck rather than signaling weak demand. GE expects airfoil demand to rise by more than 30% through 2030, while aircraft manufacturers and defense customers continue to push production higher. That creates a favorable industry backdrop for Howmet as well.
Howmet also has an opportunity to benefit from customers looking for additional capacity outside GE's newly integrated supply chain. If demand continues to exceed available casting capacity, Howmet's existing manufacturing footprint and expertise could give it significant pricing power and support further investment. Plant's comments that the company is being "tested" by the sheer scale of expansion suggest that Howmet is dealing with a capacity problem caused by strong demand, rather than a lack of orders.
Another positive is that Howmet Aerospace Inc. (NYSE:HWM)'s exposure extends beyond commercial aircraft. Its blades and vanes are also used in gas turbines serving the rapidly expanding data-center market, providing another avenue for growth alongside aerospace. Plant has also indicated that the company intends to revisit its longer-term revenue targets, after previously saying revenue could potentially double from 2025 levels within three to five years.
#commercial
However, Howmet CEO John Plant said he is comfortable with the deal and remains confident in Howmet's ability to grow. The bigger issue for Howmet right now appears to be how quickly it can expand capacity to keep up with soaring demand. Commercial aircraft production, defense activity and aftermarket demand are all increasing, while Howmet is also benefiting from demand for turbine components used in data centers. Plant said the scale of the required capital expansion is itself "testing" the company.
The strongest bullish argument for Howmet Aerospace Inc. (NYSE:HWM) is that GE's decision to spend nearly $12 billion on CPP validates how strategically valuable aerospace castings and engine components have become. The acquisition is aimed at addressing a supply bottleneck rather than signaling weak demand. GE expects airfoil demand to rise by more than 30% through 2030, while aircraft manufacturers and defense customers continue to push production higher. That creates a favorable industry backdrop for Howmet as well.
Howmet also has an opportunity to benefit from customers looking for additional capacity outside GE's newly integrated supply chain. If demand continues to exceed available casting capacity, Howmet's existing manufacturing footprint and expertise could give it significant pricing power and support further investment. Plant's comments that the company is being "tested" by the sheer scale of expansion suggest that Howmet is dealing with a capacity problem caused by strong demand, rather than a lack of orders.
Another positive is that Howmet Aerospace Inc. (NYSE:HWM)'s exposure extends beyond commercial aircraft. Its blades and vanes are also used in gas turbines serving the rapidly expanding data-center market, providing another avenue for growth alongside aerospace. Plant has also indicated that the company intends to revisit its longer-term revenue targets, after previously saying revenue could potentially double from 2025 levels within three to five years.
#commercial
2 months ago
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Investor Ross Gerber on Monday advised Tesla Inc. owners to refrain from participating in the EV giant's Airbnb Inc.-like Robotaxi service rollout amid the Cybercab launch.
In a series of posts on the social media platform X on Monday, the Gerber Kawasaki co-founder shared his view on CEO Elon Musk's vision about the Cybercab being a crossover between Airbnb and Uber Technologies Inc.. "So tesla sells the cybercab to other "fleet managers" and takes a cut of the revenue for managing the system plus the sale price," the investor said in his post.
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#gerber #finance
Investor Ross Gerber on Monday advised Tesla Inc. owners to refrain from participating in the EV giant's Airbnb Inc.-like Robotaxi service rollout amid the Cybercab launch.
In a series of posts on the social media platform X on Monday, the Gerber Kawasaki co-founder shared his view on CEO Elon Musk's vision about the Cybercab being a crossover between Airbnb and Uber Technologies Inc.. "So tesla sells the cybercab to other "fleet managers" and takes a cut of the revenue for managing the system plus the sale price," the investor said in his post.
Don't Miss:
A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
#gerber #finance
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2 months ago
CNBC and Reuters reported that Apple Inc. (NASDAQ:AAPL) will hold its next product launch event on September 9 at Apple Park in Cupertino, marking incoming CEO John Ternus's first major event since taking over from Tim Cook. He became executive chairman on September 1.
Analysts expect Apple to reveal the iPhone 18 Pro and Pro Max, its first foldable iPhone, and new Apple Watch models, along with a new AI-powered "Siri AI" **** istant. Bank of America **** ysts wrote in an August note that "Ternus could cement Apple's device dominance in an AI enabled era." Samsung Electronics currently dominates the still-niche foldable smartphone market, and a Samsung mobile executive told CNN that broader competition in the category would help, saying "the more visibility there is on the category, the better."
The foldable iPhone could become a genuine new revenue and margin driver rather than another incremental refresh. **** ysts expect the premium device to lift Apple's average selling prices and margins, giving the company a new high-end product category instead of another year of iterative Pro-model upgrades.
Even Apple Inc. (NASDAQ:AAPL)'s biggest foldable rival is publicly welcoming its entry. Samsung's own mobile product management executive said more players in the category would increase visibility and help the market overall. It suggests Apple's foldable could expand total demand rather than simply redistributing existing Samsung sales.
The iPhone 18 launch also gives new CEO John Ternus an opportunity to show Apple's hardware and AI strategy from the outset of his tenure. Expected upgrades such as the 2-nanometer A20 Pro chip could strengthen the iPhone's performance and AI capabilities. Bank of America described Ternus's leadership as an opportunity to cement "Apple's device dominance in an AI-enabled era." A successful launch could therefore give investors greater confidence in Apple's ability to compete in AI-powered devices.
#samsung #category
Analysts expect Apple to reveal the iPhone 18 Pro and Pro Max, its first foldable iPhone, and new Apple Watch models, along with a new AI-powered "Siri AI" **** istant. Bank of America **** ysts wrote in an August note that "Ternus could cement Apple's device dominance in an AI enabled era." Samsung Electronics currently dominates the still-niche foldable smartphone market, and a Samsung mobile executive told CNN that broader competition in the category would help, saying "the more visibility there is on the category, the better."
The foldable iPhone could become a genuine new revenue and margin driver rather than another incremental refresh. **** ysts expect the premium device to lift Apple's average selling prices and margins, giving the company a new high-end product category instead of another year of iterative Pro-model upgrades.
Even Apple Inc. (NASDAQ:AAPL)'s biggest foldable rival is publicly welcoming its entry. Samsung's own mobile product management executive said more players in the category would increase visibility and help the market overall. It suggests Apple's foldable could expand total demand rather than simply redistributing existing Samsung sales.
The iPhone 18 launch also gives new CEO John Ternus an opportunity to show Apple's hardware and AI strategy from the outset of his tenure. Expected upgrades such as the 2-nanometer A20 Pro chip could strengthen the iPhone's performance and AI capabilities. Bank of America described Ternus's leadership as an opportunity to cement "Apple's device dominance in an AI-enabled era." A successful launch could therefore give investors greater confidence in Apple's ability to compete in AI-powered devices.
#samsung #category
2 months ago
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
The median price of a sold home in July 2026 was over $434,100 — more than 10 times higher than housing prices 50 years ago. Inflation is one reason, but building costs have risen faster than the consumer price index because labor and material costs have increased. A shortage of homes for sale and increasing affordability issues are also to blame. Here's what hopeful homebuyers need to know about today's elevated home prices.
Read more: The best low- and no-down-payment mortgage lenders
This table shows the median prices of existing home sales over the past year.
July 2025
#price #offers
The median price of a sold home in July 2026 was over $434,100 — more than 10 times higher than housing prices 50 years ago. Inflation is one reason, but building costs have risen faster than the consumer price index because labor and material costs have increased. A shortage of homes for sale and increasing affordability issues are also to blame. Here's what hopeful homebuyers need to know about today's elevated home prices.
Read more: The best low- and no-down-payment mortgage lenders
This table shows the median prices of existing home sales over the past year.
July 2025
#price #offers
2 months ago
The markets had a bad day on Tuesday. Two of the three main indices lost ground -- the S&P 500 lost 0.71% while the Nasdaq was down 1.03% -- while the Dow Jones Industrial Average managed to finish unchanged on the day.
As a result, the NYSE had 181 securities hitting new 52-week highs compared to 48 new 52-week highs. Meanwhile, on the Nasdaq, new 52-week lows outnumbered the new 52-week highs fivefold, 317 to 65.
Dear GameStop Stock Fans, Mark Your Calendars for September 8
Why **** ysts Think Sellas Life Sciences Stock Can Gain 150% From Here
Jensen Huang: Nvidia's Vera Rubin Platform Turns Electricity Into a $40 Billion Cash Machine
#highs
As a result, the NYSE had 181 securities hitting new 52-week highs compared to 48 new 52-week highs. Meanwhile, on the Nasdaq, new 52-week lows outnumbered the new 52-week highs fivefold, 317 to 65.
Dear GameStop Stock Fans, Mark Your Calendars for September 8
Why **** ysts Think Sellas Life Sciences Stock Can Gain 150% From Here
Jensen Huang: Nvidia's Vera Rubin Platform Turns Electricity Into a $40 Billion Cash Machine
#highs
2 months ago
India-based business conglomerate Sanmar Group has acquired a majority stake in renewable energy platform AltEons Energy, investing an undisclosed sum to support the development of more than 1.5GW of renewable energy projects across India.
The collaboration will focus on delivering cleaner power solutions for corporate and industrial customers.
AltEons Energy is expanding its integrated platform, combining solar, wind, energy storage and energy management technologies to provide clients with round-the-clock renewable power.
Its current pipeline includes a 210MW hybrid project under construction in Maharashtra featuring wind, solar and battery energy storage systems (BESS).
This project aims to meet the rising energy requirements of businesses operating in the state.
#energy #India
The collaboration will focus on delivering cleaner power solutions for corporate and industrial customers.
AltEons Energy is expanding its integrated platform, combining solar, wind, energy storage and energy management technologies to provide clients with round-the-clock renewable power.
Its current pipeline includes a 210MW hybrid project under construction in Maharashtra featuring wind, solar and battery energy storage systems (BESS).
This project aims to meet the rising energy requirements of businesses operating in the state.
#energy #India
2 months ago
Autonomous trucking is moving from pilot talk to real freight ops. Einride CEO Roozbeh Charli breaks down 27% revenue growth, a 60% jump in driverless hours, the Amazon middle-mile rollout, and the plan for 500 Tesla Semis on its platform.The conversation gets into what matters for carriers and fleet operators: where autonomous trucks actually stand today, how Einride's platform handles routing and charging, and why the company says adoption will be gradual—not overnight.#AutonomousTrucking #ElectricTrucks #FreightTech
Einride posted a 27% increase in revenue for the first half of 2025 following its June 10 IPO, and the company expects that growth rate to roughly double in the second half of the year, CEO Roozbeh Charli said in an interview with FreightWaves. The results represent early progress toward converting approximately $800 million in joint business plans with customers into recognized revenue.
Alongside the revenue gains, Einride grew its autonomous driverless operating hours by about 60% in the first half. The company currently has roughly 250 trucks deployed on its Saga AI platform across more than 30 customers in seven countries, including Amazon, Heineken, and PepsiCo.
The most significant near-term expansion is a 500-truck order for Tesla Semi vehicles, which Einride will purchase, finance through third-party partners, and deploy on its platform as the carrier of record. Charli said approximately 75 of those trucks are expected to be deployed before year-end, with the remainder targeted for deployment by the end of next year. The program is U.S.-focused.
"By accumulating this transport demand on the platform, we're well positioned to decide where and when, in which case it makes sense to deploy autonomous into the networks of our customers," Charli said.
#einride #platform #trucks
Einride posted a 27% increase in revenue for the first half of 2025 following its June 10 IPO, and the company expects that growth rate to roughly double in the second half of the year, CEO Roozbeh Charli said in an interview with FreightWaves. The results represent early progress toward converting approximately $800 million in joint business plans with customers into recognized revenue.
Alongside the revenue gains, Einride grew its autonomous driverless operating hours by about 60% in the first half. The company currently has roughly 250 trucks deployed on its Saga AI platform across more than 30 customers in seven countries, including Amazon, Heineken, and PepsiCo.
The most significant near-term expansion is a 500-truck order for Tesla Semi vehicles, which Einride will purchase, finance through third-party partners, and deploy on its platform as the carrier of record. Charli said approximately 75 of those trucks are expected to be deployed before year-end, with the remainder targeted for deployment by the end of next year. The program is U.S.-focused.
"By accumulating this transport demand on the platform, we're well positioned to decide where and when, in which case it makes sense to deploy autonomous into the networks of our customers," Charli said.
#einride #platform #trucks
2 months ago
Interested in Comfort Systems USA, Inc.? Here are five stocks we like better.
Comfort Systems USA, Piper Sandler, and FTAI Aviation each delivered strong Q2 2026 earnings despite operating outside the tech sector.
Comfort Systems posted more than 50% revenue growth and a record $14.1 billion backlog, benefiting from AI infrastructure spending.
Piper Sandler and FTAI Aviation both beat expectations, with ***** ysts projecting substantial upside of 27% and 60%, respectively, for their shares.
Q2 2026 was an impressive quarter for many companies, with wave after wave of earnings wins across the S&P 500 in recent weeks. Headlines have focused on AI stock wins, but these companies do not have a monopoly on noteworthy earnings. A number of firms outside the tech sector delivered the kinds of results investors seek out, including accelerating revenue growth, margin expansion, and guidance increases.
#earnings #ftai #aviation
Comfort Systems USA, Piper Sandler, and FTAI Aviation each delivered strong Q2 2026 earnings despite operating outside the tech sector.
Comfort Systems posted more than 50% revenue growth and a record $14.1 billion backlog, benefiting from AI infrastructure spending.
Piper Sandler and FTAI Aviation both beat expectations, with ***** ysts projecting substantial upside of 27% and 60%, respectively, for their shares.
Q2 2026 was an impressive quarter for many companies, with wave after wave of earnings wins across the S&P 500 in recent weeks. Headlines have focused on AI stock wins, but these companies do not have a monopoly on noteworthy earnings. A number of firms outside the tech sector delivered the kinds of results investors seek out, including accelerating revenue growth, margin expansion, and guidance increases.
#earnings #ftai #aviation
2 months ago
Hyundai Department Store is preparing to launch COOD, which it describes as South Korea's first speciality select shop built around derma beauty as its core concept.
According to a translated version of the Yonhap News Agency report, the inaugural outlet will open on the basement level of the company's Pangyo store on 18 September.
Spanning approximately 165.28m², the store will stock more than 60 derma beauty brands.
Derma beauty, a term combining "dermatology" and "beauty", describes products created through research and development involving input from medical and bio-science specialists, aimed at enhancing skin function.
Hyundai Department Store noted that although derma beauty items have already been sold within established beauty retailers, COOD represents the sector's first standalone store format centred specifically on this category.
#beauty
According to a translated version of the Yonhap News Agency report, the inaugural outlet will open on the basement level of the company's Pangyo store on 18 September.
Spanning approximately 165.28m², the store will stock more than 60 derma beauty brands.
Derma beauty, a term combining "dermatology" and "beauty", describes products created through research and development involving input from medical and bio-science specialists, aimed at enhancing skin function.
Hyundai Department Store noted that although derma beauty items have already been sold within established beauty retailers, COOD represents the sector's first standalone store format centred specifically on this category.
#beauty
2 months ago
Guinness Global Innovators, an investment management company, recently released its Q2 2026 quarterly investor update for its "Guinness Global Innovators Fund". You can download the letter here. The Guinness Global Innovators Fund focuses on investing in global companies that benefit from innovation in technology, communication, globalization, and management strategies. In the second quarter of 2026, the Guinness Global Innovators Fund returned 13.8% in GBP, compared with 13.0% for the MSCI World Index and 13.1% for the IA Global sector average. Easing Middle East tensions, falling oil prices, and renewed enthusiasm for artificial intelligence helped reverse much of the caution seen earlier in the year, with investors rotating back toward growth stocks and AI infrastructure beneficiaries. The Fund benefited from its overweight position in the Information Technology sector, while its overweight position in Communication Services detracted. Avoiding weaker Utilities, Materials, and Energy also supported relative performance. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its second-quarter 2026 investor letter, Guinness Global Innovators Fund highlighted Applied Materials, Inc. (NASDAQ:AMAT) as a notable contributor. Applied Materials, Inc. (NASDAQ:AMAT) provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries. On August 21, 2026, Applied Materials, Inc. (NASDAQ:AMAT) closed at $492.32 per share. The one-month return of Applied Materials, Inc. (NASDAQ:AMAT) was -4.75%, and its shares gained 203.92% over the past 52 weeks. Applied Materials, Inc. (NASDAQ:AMAT) has a market capitalization of $390.7 billion .
Guinness Global Innovators Fund stated the following regarding Applied Materials, Inc. (NASDAQ:AMAT) in its Q2 2026 investor letter:
"The Fund holds three semiconductor equipment manufacturers, which provide wafer fabrication equipment (WFE). They were the top performers over the quarter: Applied Materials, Inc. (NASDAQ:AMAT) (+111.8% in USD) KLA (+105.2%), and LAM Research (+103.0%). WFE companies sit at the heart of the semiconductor value chain, supplying the highly specialised tools needed to manufacture advanced chips. As demand for AI, high-performance computing and data centre infrastructure has accelerated, foundries and integrated device manufacturers have responded with record levels of capital expenditure, driving a strong upcycle in WFE spending. The AI infrastructure build-out is particularly supportive, as hyperscalers require not only more chips, but increasingly complex and advanced architectures, materially increasing equipment intensity across the manufacturing process. As a result, these companies have been printing strong quarterly earnings reports. Applied Materials, as the broadest player across front-end, process control and advanced packaging, remains well positioned to capture share as chipmakers invest across the full ma
In its second-quarter 2026 investor letter, Guinness Global Innovators Fund highlighted Applied Materials, Inc. (NASDAQ:AMAT) as a notable contributor. Applied Materials, Inc. (NASDAQ:AMAT) provides materials engineering solutions, equipment, services, and software to the semiconductor and related industries. On August 21, 2026, Applied Materials, Inc. (NASDAQ:AMAT) closed at $492.32 per share. The one-month return of Applied Materials, Inc. (NASDAQ:AMAT) was -4.75%, and its shares gained 203.92% over the past 52 weeks. Applied Materials, Inc. (NASDAQ:AMAT) has a market capitalization of $390.7 billion .
Guinness Global Innovators Fund stated the following regarding Applied Materials, Inc. (NASDAQ:AMAT) in its Q2 2026 investor letter:
"The Fund holds three semiconductor equipment manufacturers, which provide wafer fabrication equipment (WFE). They were the top performers over the quarter: Applied Materials, Inc. (NASDAQ:AMAT) (+111.8% in USD) KLA (+105.2%), and LAM Research (+103.0%). WFE companies sit at the heart of the semiconductor value chain, supplying the highly specialised tools needed to manufacture advanced chips. As demand for AI, high-performance computing and data centre infrastructure has accelerated, foundries and integrated device manufacturers have responded with record levels of capital expenditure, driving a strong upcycle in WFE spending. The AI infrastructure build-out is particularly supportive, as hyperscalers require not only more chips, but increasingly complex and advanced architectures, materially increasing equipment intensity across the manufacturing process. As a result, these companies have been printing strong quarterly earnings reports. Applied Materials, as the broadest player across front-end, process control and advanced packaging, remains well positioned to capture share as chipmakers invest across the full ma
2 months ago
Carter Grandbois was 16 years old, working for a junk-removal operator in Johnstown, Colorado, when he noticed the cash. His boss kept a thick stack of it in the center console of his truck. Grandbois went home and talked to his dad, and within days, they bought a trailer. The first job paid $500 for 30 minutes of work. "That was kind of an eye-opener," Grandbois, now 18 and working for himself full-time, told Fortune.
Carter's Junk Away bills as much as $15,000 a month in peak season, Grandbois said. His W-2 employees are his high school friends, but he admits that he wasn't able to scale up and reach profitability until he created a pricing calculator, started tracking data, and started using systems to get consistent lead flows.
"I'm really into vibe-coding and creating software," he explained. "After that, we were able to be profitable on every single job," he said proudly. "When our team is out… they're bidding jobs spot-on every single time. So every time they complete a job, I mean, we're making anywhere from $50 to $200 without being on the truck." He said he earns about $125 to $1,000 per junk-removal job and he is increasingly overseeing the business from home as he scales, which is what he means by not "being on the truck."
Grandbois wants to share the wealth, too, via social media. (He's on TikTok at american.junkremoval.) "I was like, 'Hey, like everyone else could totally use this for their business.'" Now he has two calculators—a universal one for everyone and another, "private junk-removal calculator," which he described as detailed for a "more experienced junk-removal business." When asked about potentially creating his own rivals, he shrugged. "That is one of the things with giving away stuff for free. You never know who's watching the content. But at the end of the day, I know I'm doing something good for anyone else who's trying to start."
After all, he explained, it was his inspiration. Where another generation might have read about, say, Warren Buffett in Fortune magazine, he reflected, "it's probably just like Instagram reels where you're scrolling and you're like, 'That guy has a Lamborghini. That dude has a McLaren. Why can't I have one of those?'"
#grandbois #time #every #business
Carter's Junk Away bills as much as $15,000 a month in peak season, Grandbois said. His W-2 employees are his high school friends, but he admits that he wasn't able to scale up and reach profitability until he created a pricing calculator, started tracking data, and started using systems to get consistent lead flows.
"I'm really into vibe-coding and creating software," he explained. "After that, we were able to be profitable on every single job," he said proudly. "When our team is out… they're bidding jobs spot-on every single time. So every time they complete a job, I mean, we're making anywhere from $50 to $200 without being on the truck." He said he earns about $125 to $1,000 per junk-removal job and he is increasingly overseeing the business from home as he scales, which is what he means by not "being on the truck."
Grandbois wants to share the wealth, too, via social media. (He's on TikTok at american.junkremoval.) "I was like, 'Hey, like everyone else could totally use this for their business.'" Now he has two calculators—a universal one for everyone and another, "private junk-removal calculator," which he described as detailed for a "more experienced junk-removal business." When asked about potentially creating his own rivals, he shrugged. "That is one of the things with giving away stuff for free. You never know who's watching the content. But at the end of the day, I know I'm doing something good for anyone else who's trying to start."
After all, he explained, it was his inspiration. Where another generation might have read about, say, Warren Buffett in Fortune magazine, he reflected, "it's probably just like Instagram reels where you're scrolling and you're like, 'That guy has a Lamborghini. That dude has a McLaren. Why can't I have one of those?'"
#grandbois #time #every #business
2 months ago
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The difference between the current home equity loan rate and the average HELOC rate is 19 basis points, according to Curinos, a real estate data ****** ytics company. But choosing the right option doesn't come down to just rates. It's how you plan to use your funds that will dictate the loan product that is best for you.
The average HELOC adjustable rate is 7.16%, a new 2026 low, according to real estate data ****** ytics company Curinos.
The national average rate on a fixed-rate home equity loan is 7.35%, up slightly from its 2026 low of 7.31% in late June.
Both rates are based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio (CLTV) of less than 70%.
#home #real
The difference between the current home equity loan rate and the average HELOC rate is 19 basis points, according to Curinos, a real estate data ****** ytics company. But choosing the right option doesn't come down to just rates. It's how you plan to use your funds that will dictate the loan product that is best for you.
The average HELOC adjustable rate is 7.16%, a new 2026 low, according to real estate data ****** ytics company Curinos.
The national average rate on a fixed-rate home equity loan is 7.35%, up slightly from its 2026 low of 7.31% in late June.
Both rates are based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio (CLTV) of less than 70%.
#home #real
2 months ago
Good morning. Stocks turned higher at the open, but tech stocks resumed their sell-off from yesterday. While the Nasdaq Composite (^IXIC) fell in early trading, the Dow (^DJI) and S&P 500 (^GSPC) were buoyed by falling bond yields after the US Treasury Department stepped in to support buybacks of long-dated securities.
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
The tech sector (XLK) faced renewed selling pressure as semiconductor stocks continued to slide, led by declines in shares of Intel (INTC), AMD (AMD), and Broadcom (AVGO).
On the other end of the spectrum, Healthcare (XLV) saw tremendous strength, driven by a 124% gain in Moderna (MRNA) following positive phase 3 trial results for its melanoma vaccine developed with Merck (MRK).
Basic Materials (XLB) also led the morning, as a surge in gold futures (GC=F) and gold miner stocks broadly rose.
#stocks #Gold #good #NASDAQ
Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
The tech sector (XLK) faced renewed selling pressure as semiconductor stocks continued to slide, led by declines in shares of Intel (INTC), AMD (AMD), and Broadcom (AVGO).
On the other end of the spectrum, Healthcare (XLV) saw tremendous strength, driven by a 124% gain in Moderna (MRNA) following positive phase 3 trial results for its melanoma vaccine developed with Merck (MRK).
Basic Materials (XLB) also led the morning, as a surge in gold futures (GC=F) and gold miner stocks broadly rose.
#stocks #Gold #good #NASDAQ
2 months ago
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Trump administration regulators are trying to ax a longstanding rule meant to ensure that investors get the best price when trading stocks.
#Trump #administration #rule #meant
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Trump administration regulators are trying to ax a longstanding rule meant to ensure that investors get the best price when trading stocks.
#Trump #administration #rule #meant
2 months ago
Options price a band whose floor sits below anything the stock has touched in the past year, and the company's own recovery timetable lands after that window closes.
Boston Scientific (BSX) (NYSE: BSX) trades near $51.42, about half what it fetched a year ago while the S&P 500 rose about 23%. A decline that deep is usually taken to mean the risk has come out of the price. The options chain says otherwise: it prices a 68% chance the stock finishes between $35 and $77.42 over the next ten months. That width is not vague nervousness about a fallen stock: the company's own repair timetable runs past the window the options are pricing.
The Priced Floor Sits Under A Low The Stock Has Already Hit
The ceiling at $77.42 sits about $26 above today's price; the floor at $35 is about $16.42 below it, under the $42.63 low the stock printed over the past twelve months. Implied volatility prices the size of a move, not its direction; neither end is a forecast. Even the priced ceiling leaves the stock far short of the $108.14 it traded at within the past year.
Options Cost More Than This Stock's Own Record Of Moving
#year #below
Boston Scientific (BSX) (NYSE: BSX) trades near $51.42, about half what it fetched a year ago while the S&P 500 rose about 23%. A decline that deep is usually taken to mean the risk has come out of the price. The options chain says otherwise: it prices a 68% chance the stock finishes between $35 and $77.42 over the next ten months. That width is not vague nervousness about a fallen stock: the company's own repair timetable runs past the window the options are pricing.
The Priced Floor Sits Under A Low The Stock Has Already Hit
The ceiling at $77.42 sits about $26 above today's price; the floor at $35 is about $16.42 below it, under the $42.63 low the stock printed over the past twelve months. Implied volatility prices the size of a move, not its direction; neither end is a forecast. Even the priced ceiling leaves the stock far short of the $108.14 it traded at within the past year.
Options Cost More Than This Stock's Own Record Of Moving
#year #below
3 months ago
Williams-Sonoma (WSM) hit a new 52-week high of $250.83 on Tuesday, its 18th new 52-week high of the past 12 months. WSM was one of 135 NYSE and 341 Nasdaq Composite stocks hitting new 52-week highs yesterday.
The specialty retailer's shares are now up 39% in 2026 and 394% since hitting a 5-year low of $50.79 in May 2022. The Barchart Technical Opinion is a 100% Strong Buy, suggesting WSM's momentum is not about to end.
Huge, Unusual Trading in Marvell Technology Call Options - Investors Are Bullish on MRVL Stock
Here's a Realistic Roadmap Toward Generating $1,000 a Month in Options Trading Income
Meta Platforms Stock Could Be Signaling a Quick Pop Above $600
#options #high #williams #NYSE
The specialty retailer's shares are now up 39% in 2026 and 394% since hitting a 5-year low of $50.79 in May 2022. The Barchart Technical Opinion is a 100% Strong Buy, suggesting WSM's momentum is not about to end.
Huge, Unusual Trading in Marvell Technology Call Options - Investors Are Bullish on MRVL Stock
Here's a Realistic Roadmap Toward Generating $1,000 a Month in Options Trading Income
Meta Platforms Stock Could Be Signaling a Quick Pop Above $600
#options #high #williams #NYSE
3 months ago
In the study, the 4% rule carried a growing risk of depletion, while a full annuity sacrificed liquidity and any remaining balance.
Putting 50% of savings into an annuity earned the highest score, pairing strong income with money left for emergencies or heirs.
The study used a simple immediate annuity, not one of the more complex products commonly marketed to retirees.
For decades, one widely used retirement guideline has suggested withdrawing a set percentage in year one, typically 4%, then increasing that dollar amount annually to keep pace with inflation. But a new study found that neither this approach nor putting an entire portfolio into an annuity, produced the strongest overall result. The highest-scoring strategy used some of both.
Retirement income does not have to be an either-or choice between portfolio withdrawals and an annuity. This study suggests that combining the two may provide income security while preserving money for unexpected expenses or heirs.
#annuity
Putting 50% of savings into an annuity earned the highest score, pairing strong income with money left for emergencies or heirs.
The study used a simple immediate annuity, not one of the more complex products commonly marketed to retirees.
For decades, one widely used retirement guideline has suggested withdrawing a set percentage in year one, typically 4%, then increasing that dollar amount annually to keep pace with inflation. But a new study found that neither this approach nor putting an entire portfolio into an annuity, produced the strongest overall result. The highest-scoring strategy used some of both.
Retirement income does not have to be an either-or choice between portfolio withdrawals and an annuity. This study suggests that combining the two may provide income security while preserving money for unexpected expenses or heirs.
#annuity
3 months ago
Investors in 2026 face a clear choice between a speculative hydrogen pioneer and a profitable oil giant. Plug Power (NASDAQ:PLUG) and Occidental Petroleum (NYSE:OXY) represent two very different paths in the evolving energy landscape.
Plug Power focuses on the future of green hydrogen and fuel-cell technology, while Occidental Petroleum produces traditional energy while investing in carbon capture. They are compared because they offer different ways to play the energy transition.
Plug Power builds green hydrogen and fuel-cell solutions for global industrial applications. The company focuses on large-scale logistics, providing fuel to the material handling and e-mobility sectors. Walmart is a major customer, representing roughly 24.2% of consolidated revenues as of late 2025, adding a layer of risk to the business.
In FY 2025, revenue reached nearly $709.9 million, reflecting a growth rate of approximately 12.9% over the previous year. Despite this growth, the company reported a net loss of approximately $1.6 billion for the same period. This resulted in a net margin of -229.8%, highlighting the significant costs involved in scaling hydrogen production.
As of its December 2025 balance sheet, the debt-to-equity ratio was 1.0x. This metric, which measures a company's total debt against its shareholder equity, sits at 1.0x, while a current ratio of 2.3x indicates the company has enough short-term **** ets to cover immediate liabilities. However, free cash flow was negative $661.5 million in FY 2025, meaning cash outflows exceeded inflows from operations and capital investments.
#power #fuel
Plug Power focuses on the future of green hydrogen and fuel-cell technology, while Occidental Petroleum produces traditional energy while investing in carbon capture. They are compared because they offer different ways to play the energy transition.
Plug Power builds green hydrogen and fuel-cell solutions for global industrial applications. The company focuses on large-scale logistics, providing fuel to the material handling and e-mobility sectors. Walmart is a major customer, representing roughly 24.2% of consolidated revenues as of late 2025, adding a layer of risk to the business.
In FY 2025, revenue reached nearly $709.9 million, reflecting a growth rate of approximately 12.9% over the previous year. Despite this growth, the company reported a net loss of approximately $1.6 billion for the same period. This resulted in a net margin of -229.8%, highlighting the significant costs involved in scaling hydrogen production.
As of its December 2025 balance sheet, the debt-to-equity ratio was 1.0x. This metric, which measures a company's total debt against its shareholder equity, sits at 1.0x, while a current ratio of 2.3x indicates the company has enough short-term **** ets to cover immediate liabilities. However, free cash flow was negative $661.5 million in FY 2025, meaning cash outflows exceeded inflows from operations and capital investments.
#power #fuel
3 months ago
Tesla reported second-quarter revenue of $28.24 billion, up 26% year over year, while executives highlighted progress toward launching production of the Tesla Semi Class 8 electric truck at its Nevada manufacturing facility.
Austin, Texas-based Tesla (Nasdaq: TSLA) released its second-quarter earnings and held a conference call with ******* ysts after the market closed on Wednesday.
The company generated $20.5 billion in automotive revenue during the quarter, delivered a record 480,126 vehicles worldwide and reported diluted earnings per share of 32 cents.
Operating income totaled $398 million, reflecting higher research and development spending in artificial intelligence, robotics, battery manufacturing and commercial vehicle production.
Tesla CEO Elon Musk said the company is entering what they described as its largest investment cycle, with spending focused on expanding manufacturing capacity across several businesses, including the Tesla Semi program.
#quarter #Manufacturing #semi #year
Austin, Texas-based Tesla (Nasdaq: TSLA) released its second-quarter earnings and held a conference call with ******* ysts after the market closed on Wednesday.
The company generated $20.5 billion in automotive revenue during the quarter, delivered a record 480,126 vehicles worldwide and reported diluted earnings per share of 32 cents.
Operating income totaled $398 million, reflecting higher research and development spending in artificial intelligence, robotics, battery manufacturing and commercial vehicle production.
Tesla CEO Elon Musk said the company is entering what they described as its largest investment cycle, with spending focused on expanding manufacturing capacity across several businesses, including the Tesla Semi program.
#quarter #Manufacturing #semi #year
3 months ago
Spring, Texas-based Exxon Mobil Corporation (XOM) engages in the exploration and production of crude oil and natural gas in the United States and internationally. Valued at a market cap of $628.8 billion, the company operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. XOM is expected to release its Q2 2026 earnings on Friday, July 31, before the market opens.
Ahead of the event, ****** ysts expect the company's EPS to be $3.88 on a diluted basis, up 136.6% from $1.64 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in all of its last four quarters.
PayPal Says a $53 Billion Takeover Offer from Stripe Undervalues It. How to Play PYPL Stock Here.
Billionaire Jeff Bezos Called Amazon's Customer Service to Prove a Point But Waited in Silence for More Than 10 Minutes — 'It Was Really Long'
Micron Stock Is Near Bear-Market Territory. Here's Why ASML's Guidance Says Buy the Dip.
#company #spring #exxon #mobil
Ahead of the event, ****** ysts expect the company's EPS to be $3.88 on a diluted basis, up 136.6% from $1.64 in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in all of its last four quarters.
PayPal Says a $53 Billion Takeover Offer from Stripe Undervalues It. How to Play PYPL Stock Here.
Billionaire Jeff Bezos Called Amazon's Customer Service to Prove a Point But Waited in Silence for More Than 10 Minutes — 'It Was Really Long'
Micron Stock Is Near Bear-Market Territory. Here's Why ASML's Guidance Says Buy the Dip.
#company #spring #exxon #mobil
3 months ago
SK Hynix commands 58% of global HBM revenue, with sales more than doubling year-over-year to fuel a record $33 billion operating profit in FY2025.
The U.S. now generates 65% of SK Hynix's revenue, anchored by a Nvidia partnership that alone contributed 24% of total 2025 sales.
HBM's structural supply shortages provide more pricing durability than typical memory downturns, but heavy Nvidia dependence remains a real concentration risk.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and SK Hynix didn't make the cut. Grab the names FREE today.
The artificial intelligence revolution has transformed the semiconductor landscape in ways few predicted even two years ago. What started as hype around chatbots has become a voracious appetite for data center infrastructure, where memory chips -- especially high-bandwidth memory, or HBM -- serve as the critical bridge between processors and massive datasets.
#memory #revenue #year
The U.S. now generates 65% of SK Hynix's revenue, anchored by a Nvidia partnership that alone contributed 24% of total 2025 sales.
HBM's structural supply shortages provide more pricing durability than typical memory downturns, but heavy Nvidia dependence remains a real concentration risk.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and SK Hynix didn't make the cut. Grab the names FREE today.
The artificial intelligence revolution has transformed the semiconductor landscape in ways few predicted even two years ago. What started as hype around chatbots has become a voracious appetite for data center infrastructure, where memory chips -- especially high-bandwidth memory, or HBM -- serve as the critical bridge between processors and massive datasets.
#memory #revenue #year
3 months ago
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#believe #using
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#believe #using
3 months ago
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Much of the investing advice you see online or on social media is designed to grab attention. But if you're serious about securing a comfortable retirement, buying Dogecoin or a risky bet on prediction markets probably isn't what you need.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold
The tax breaks in Trump's 'big beautiful bill' expire after 2028 — and experts say most people won't act in time. What to do before the window closes
#wealth #moneywise #bezos
Much of the investing advice you see online or on social media is designed to grab attention. But if you're serious about securing a comfortable retirement, buying Dogecoin or a risky bet on prediction markets probably isn't what you need.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold
The tax breaks in Trump's 'big beautiful bill' expire after 2028 — and experts say most people won't act in time. What to do before the window closes
#wealth #moneywise #bezos
3 months ago
Amazon (NASDAQ: AMZN) brought in a jaw-dropping $182 billion in revenue in the first three months of 2026. While the majority of this sum came from its retail operations, the market undoubtedly spends more time focused on the company's cloud division, Amazon Web Services (AWS).
This isn't surprising. AWS posted a 28% year-over-year revenue gain in Q1, its fastest growth pace in more than three years. And AWS' operating income accounts for 59% of the overall company's total. These are impressive trends.
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 »
But investors should take a deeper look at the AWS growth story.
Andy Jassy, who has been CEO of Amazon since taking over from founder Jeff Bezos in July 2021, highlighted the huge opportunity that the cloud segment is facing. As he wrote in his 2025 shareholder letter, "85% of global IT spend remains on-premises."
This isn't surprising. AWS posted a 28% year-over-year revenue gain in Q1, its fastest growth pace in more than three years. And AWS' operating income accounts for 59% of the overall company's total. These are impressive trends.
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 »
But investors should take a deeper look at the AWS growth story.
Andy Jassy, who has been CEO of Amazon since taking over from founder Jeff Bezos in July 2021, highlighted the huge opportunity that the cloud segment is facing. As he wrote in his 2025 shareholder letter, "85% of global IT spend remains on-premises."
3 months ago
European banks are increasingly deploying synthetic risk transfer (SRT) transactions to manage private credit exposures, using bespoke transactions to free up capital, reduce concentrations and support continued lending.
Key findings:
Banks in Europe are using SRTs to manage private credit exposures across infrastructure debt, subscription lines and NAV facilities.
Exposures to private credit and private equity funds — particularly fund-finance structures — are viewed by investors as high quality, and trade at tight spreads.
Capital relief remains the primary driver as private credit loans attract high risk weights, creating strong SRT incentives.
Key findings:
Banks in Europe are using SRTs to manage private credit exposures across infrastructure debt, subscription lines and NAV facilities.
Exposures to private credit and private equity funds — particularly fund-finance structures — are viewed by investors as high quality, and trade at tight spreads.
Capital relief remains the primary driver as private credit loans attract high risk weights, creating strong SRT incentives.
4 months ago
At midday, the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 1.06% to 26,002.95, and the S&P 500 (SNPINDEX:^GSPC) fell 0.49% to 7,538.37 as growth sectors faltered, while the Dow Jones Industrial Average (DJINDICES:^DJI) declined 0.26% to 52,501.95.
Gold prices dropped 1.78% to $4,015.70 as of midday, and the 10-Year Treasury yield rose 0.03% to 4.60%. Consumer defensive stocks gained 1.03% while healthcare stocks dropped 1.08%.
Memory stocks dipped this morning after SK Hynix stocks plunged in South Korea. Last week, the chipmaker soared after its debut on U.S. exchanges, but today, investors sold off following a brokerage report suggesting it may not meet its quarterly profit estimates. The jitters dragged on peers, including Micron Technology, Seagate Technology, and Sandisk. Biogen gained following a Truist upgrade citing optimism for the company's Alzheimer's pipeline.
The prospect of further disruptions to oil supplies and increased hostilities in the Middle East weighed on stocks this morning. WTI crude surged 4.6% to almost $75 a barrel amid reports of renewed clashes between the U.S. and Iran, and potential restrictions on transit through the Strait of Hormuz.
Airline stocks, which had begun to recover on hopes of a full peace deal, dropped, and investors shifted again to defensive stocks. The worry is that elevated energy prices could fuel higher inflation, which could cause the Federal Reserve to raise interest rates and reduce risk appetite. All eyes will be on major banks this week as they kick off the second-quarter earnings season for clues about the resilience of consumers' financials and the economy.
Gold prices dropped 1.78% to $4,015.70 as of midday, and the 10-Year Treasury yield rose 0.03% to 4.60%. Consumer defensive stocks gained 1.03% while healthcare stocks dropped 1.08%.
Memory stocks dipped this morning after SK Hynix stocks plunged in South Korea. Last week, the chipmaker soared after its debut on U.S. exchanges, but today, investors sold off following a brokerage report suggesting it may not meet its quarterly profit estimates. The jitters dragged on peers, including Micron Technology, Seagate Technology, and Sandisk. Biogen gained following a Truist upgrade citing optimism for the company's Alzheimer's pipeline.
The prospect of further disruptions to oil supplies and increased hostilities in the Middle East weighed on stocks this morning. WTI crude surged 4.6% to almost $75 a barrel amid reports of renewed clashes between the U.S. and Iran, and potential restrictions on transit through the Strait of Hormuz.
Airline stocks, which had begun to recover on hopes of a full peace deal, dropped, and investors shifted again to defensive stocks. The worry is that elevated energy prices could fuel higher inflation, which could cause the Federal Reserve to raise interest rates and reduce risk appetite. All eyes will be on major banks this week as they kick off the second-quarter earnings season for clues about the resilience of consumers' financials and the economy.
