3 hours ago
Lithium Americas Corp. (LAC) is back on Wall Street's radar after JPMorgan turned bullish on the lithium developer, upgrading the stock to an "Overweight" rating from "Neutral" and setting a $6 price target. The target implies close to 100% upside from the stock's previous close, giving investors a potentially significant re-rating opportunity if the bank's bullish **** umptions play out.
The call reflects a more constructive outlook for lithium prices. JPMorgan recently raised its lithium price **** umptions, arguing that lithium carbonate prices have remained above $20 per kilogram and that the market could face a supply deficit through the end of the decade. Those higher price **** umptions materially improve JPMorgan's estimates for Lithium Americas' long-term earnings and net **** et value.
Dear **** eX Stock Fans, Mark Your Calendars for September 21
How to Play IBM Stock as It Teams Up with NASA to Launch a New Open-Source Model
GF Securities Says NAND Prices May Stabilize Later This Year. What This Means for Sandisk Stock.
#play
The call reflects a more constructive outlook for lithium prices. JPMorgan recently raised its lithium price **** umptions, arguing that lithium carbonate prices have remained above $20 per kilogram and that the market could face a supply deficit through the end of the decade. Those higher price **** umptions materially improve JPMorgan's estimates for Lithium Americas' long-term earnings and net **** et value.
Dear **** eX Stock Fans, Mark Your Calendars for September 21
How to Play IBM Stock as It Teams Up with NASA to Launch a New Open-Source Model
GF Securities Says NAND Prices May Stabilize Later This Year. What This Means for Sandisk Stock.
#play
2 days ago
Jim Cramer sees Enterprise Products Partners L.P. (NYSE:EPD) as a major beneficiary of the disruption surrounding the Strait of Hormuz, as he said during the September 8 episode of Mad Money:
When I wrote How to Make Money in Any Market… I didn't know that Enterprise Products Partners was going to be the, maybe the single biggest pipeline winner in this country thanks to the war. I didn't see that war coming. The CEO of Enterprise, Jim Teague, has raised awareness for the company's profit opportunity because of the Hormuz closing. The margins of some of its liquids, like ethane to ethylene, ethylene to polyethylene, have soared. As Teague says, the Houston Ship Channel is now just as important as the Strait of Hormuz. Now, there's an endorsement. Stock yields 5.8%.
Enterprise Products Partners L.P. (NYSE:EPD) reported record second-quarter adjusted EBITDA of $2.8 billion, up 17% year over year, while operational distributable cash flow reached a record $2.3 billion, up 21%. Moreover, pipeline volumes reached a record 14.7 million barrels of oil equivalent per day, up 8%, while marine-terminal volumes increased 33% to 2.8 million barrels per day. Co-Chief Executive Officer James Teague said:
Volumes at our marine terminals have returned to normal levels in June and July after the initial rush to backfill volumes affected by hostilities in the Middle East in April and May.
In July, Enterprise Products Partners L.P. (NYSE:EPD) declared a quarterly distribution of $0.56 per unit, or $2.24 annualized, a 2.8% increase from a year earlier. At EPD's September 8 closing price of $38.83, that equates to a yield of approximately 5.8%. The company has increased its distribution for 27 consecutive years. The company's latest investor materials show $6.5 billion of major capital projects under construction. It expects 2026 organic growth capital spending, net of ***** et-sale proceeds, of $2.9 billion to $3.4 billion. The company retained $1.1 billion of DCF for internally funded growth capital expenditures and buybacks.
#partners #hormuz
When I wrote How to Make Money in Any Market… I didn't know that Enterprise Products Partners was going to be the, maybe the single biggest pipeline winner in this country thanks to the war. I didn't see that war coming. The CEO of Enterprise, Jim Teague, has raised awareness for the company's profit opportunity because of the Hormuz closing. The margins of some of its liquids, like ethane to ethylene, ethylene to polyethylene, have soared. As Teague says, the Houston Ship Channel is now just as important as the Strait of Hormuz. Now, there's an endorsement. Stock yields 5.8%.
Enterprise Products Partners L.P. (NYSE:EPD) reported record second-quarter adjusted EBITDA of $2.8 billion, up 17% year over year, while operational distributable cash flow reached a record $2.3 billion, up 21%. Moreover, pipeline volumes reached a record 14.7 million barrels of oil equivalent per day, up 8%, while marine-terminal volumes increased 33% to 2.8 million barrels per day. Co-Chief Executive Officer James Teague said:
Volumes at our marine terminals have returned to normal levels in June and July after the initial rush to backfill volumes affected by hostilities in the Middle East in April and May.
In July, Enterprise Products Partners L.P. (NYSE:EPD) declared a quarterly distribution of $0.56 per unit, or $2.24 annualized, a 2.8% increase from a year earlier. At EPD's September 8 closing price of $38.83, that equates to a yield of approximately 5.8%. The company has increased its distribution for 27 consecutive years. The company's latest investor materials show $6.5 billion of major capital projects under construction. It expects 2026 organic growth capital spending, net of ***** et-sale proceeds, of $2.9 billion to $3.4 billion. The company retained $1.1 billion of DCF for internally funded growth capital expenditures and buybacks.
#partners #hormuz
4 days ago
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Gold (GC=F) December futures opened at $4,448 per troy ounce on Thursday, September 10, 2026, down 0.3% compared to Wednesday's closing price. The price of gold edged lower this morning, trading at $4,439.70 as of 6:35 a.m. ET.
Gold prices have opened and closed daily sessions so far this week within a narrow band around $4,400. Investors are awaiting the Producer Price Index (PPI) and Consumer Price Index (CPI) data due today and tomorrow for one final look at prior inflation data before the Fed meets for its two-day rate-setting meeting starting on Tuesday.
For a more immediate look at what's happening with price fluctuations right now, you don't need to look any further than current oil prices (BZ=F). Attacks on ships this week from both the U.S. and Iran have sent crude future prices back above $100 a barrel. As of 6:30 a.m. ET, crude futures were $101.97 a barrel.
Higher interest rates are expected to put. lid on gold price growth in the near term, but long-term, many investors still see the precious metal as a valuable diversifier.
#price #Gold #prices #futures
Gold (GC=F) December futures opened at $4,448 per troy ounce on Thursday, September 10, 2026, down 0.3% compared to Wednesday's closing price. The price of gold edged lower this morning, trading at $4,439.70 as of 6:35 a.m. ET.
Gold prices have opened and closed daily sessions so far this week within a narrow band around $4,400. Investors are awaiting the Producer Price Index (PPI) and Consumer Price Index (CPI) data due today and tomorrow for one final look at prior inflation data before the Fed meets for its two-day rate-setting meeting starting on Tuesday.
For a more immediate look at what's happening with price fluctuations right now, you don't need to look any further than current oil prices (BZ=F). Attacks on ships this week from both the U.S. and Iran have sent crude future prices back above $100 a barrel. As of 6:30 a.m. ET, crude futures were $101.97 a barrel.
Higher interest rates are expected to put. lid on gold price growth in the near term, but long-term, many investors still see the precious metal as a valuable diversifier.
#price #Gold #prices #futures
10 days ago
Nvidia (NVDA) on Thursday confirmed its plans to acquire the open-weight AI platform Hugging Face for roughly $13 billion, sending its shares up roughly 2%.
The deal will see Nvidia pay $12.93 billion for the platform, per a press release. More than 18 million developers, researchers, and creators use Hugging Face to share more than 3 million models, and more than 200,000 companies use the platform to discover and deploy AI, Nvidia said.
The move highlights how Nvidia has thrown its weight behind open-weight AI models. In a statement, Nvidia said Hugging Face would remain "an open platform for the entire AI ecosystem," that the company would continue to support open-weight and open-source AI models, and that Nvidia itself is the largest contributor of open models and data to the Hugging Face platform.
In a call following the announcement, Nvidia enterprise computing general manager Justin Boitano said the company "believe[s] in having a healthy ecosystem of closed models and open models leads to a world where you're going to continue to train these models and run these models at scale."
The only way for the Hugging Face user base to grow, Boitano said, is to keep giving those developers optionality in terms of the hardware, clouds, and other parts of the stack that they build on, even if "Nvidia will benefit from the training that's done and the inference that's done on our hardware."
#face #billion
The deal will see Nvidia pay $12.93 billion for the platform, per a press release. More than 18 million developers, researchers, and creators use Hugging Face to share more than 3 million models, and more than 200,000 companies use the platform to discover and deploy AI, Nvidia said.
The move highlights how Nvidia has thrown its weight behind open-weight AI models. In a statement, Nvidia said Hugging Face would remain "an open platform for the entire AI ecosystem," that the company would continue to support open-weight and open-source AI models, and that Nvidia itself is the largest contributor of open models and data to the Hugging Face platform.
In a call following the announcement, Nvidia enterprise computing general manager Justin Boitano said the company "believe[s] in having a healthy ecosystem of closed models and open models leads to a world where you're going to continue to train these models and run these models at scale."
The only way for the Hugging Face user base to grow, Boitano said, is to keep giving those developers optionality in terms of the hardware, clouds, and other parts of the stack that they build on, even if "Nvidia will benefit from the training that's done and the inference that's done on our hardware."
#face #billion
13 days ago
Bitmine Immersion Technologies (NYSE: $BMNR) accelerated its Ethereum (CRYPTO: $ETH) purchases during the final week of August.
The serial cryptocurrency acquirer led by Chairman Tom Lee bought 53,501 Ethereum over the past week at a cost of $131.3 million U.S.
It was Bitmine's largest weekly purchase of Ethereum since June of this year. The company now owns 5,901,112 ETH valued at $14.50 billion U.S. based on the crypto's current price.
More From Cryptoprowl:
Goldman Sachs Reiterates Buy Ratings On Coinbase And Robinhood
#bmnr #Crypto
The serial cryptocurrency acquirer led by Chairman Tom Lee bought 53,501 Ethereum over the past week at a cost of $131.3 million U.S.
It was Bitmine's largest weekly purchase of Ethereum since June of this year. The company now owns 5,901,112 ETH valued at $14.50 billion U.S. based on the crypto's current price.
More From Cryptoprowl:
Goldman Sachs Reiterates Buy Ratings On Coinbase And Robinhood
#bmnr #Crypto
16 days ago
First Phosphate Corp. (CSE:PHOS, NASDAQ:PHOS, FRA:KD0, OTCQX:FRSPF) earlier this week provided an update on the advancement of its Bégin-Lamarche property, with CEO John Passalacqua highlighting an expanded mineral resource, its NASDAQ uplisting and access to more than $50 million of capital as the company works towards its next development milestones.
Speaking to Proactive, Passalacqua said the updated NI 43-101 mineral resource estimate showed a significant increase in indicated resources and an increase in the volume of material.
He said the most important feature was the "continuity and consistency throughout the entire resource", adding that the update had given First Phosphate confidence to move into a feasibility study as soon as possible.
The feasibility study represents one of the company's key upcoming potential catalysts. Passalacqua said First Phosphate was targeting its release by the end of 2026 or early 2027, with permitting and an investment decision targeted by the end of 2027.
First Phosphate's recent NASDAQ uplisting could also broaden its access to US investors. Passalacqua said the company's American depositary receipt had been uplisted to the exchange, with its management team and board subsequently taking part in the opening bell ceremony in New York.
#passalacqua #phosphate #NASDAQ #access
Speaking to Proactive, Passalacqua said the updated NI 43-101 mineral resource estimate showed a significant increase in indicated resources and an increase in the volume of material.
He said the most important feature was the "continuity and consistency throughout the entire resource", adding that the update had given First Phosphate confidence to move into a feasibility study as soon as possible.
The feasibility study represents one of the company's key upcoming potential catalysts. Passalacqua said First Phosphate was targeting its release by the end of 2026 or early 2027, with permitting and an investment decision targeted by the end of 2027.
First Phosphate's recent NASDAQ uplisting could also broaden its access to US investors. Passalacqua said the company's American depositary receipt had been uplisted to the exchange, with its management team and board subsequently taking part in the opening bell ceremony in New York.
#passalacqua #phosphate #NASDAQ #access
20 days ago
Curtis E. Garner, President and Chief Strategy and Technology Officer of Chipotle Mexican Grill, Inc. (NYSE:CMG), reported a non-discretionary disposition of 27,582 shares of common stock on Aug. 22, 2026, according to a recent SEC Form 4 filing.
Metric
Value
Transaction value
~$973,000
#value #chipotle
Metric
Value
Transaction value
~$973,000
#value #chipotle
20 days ago
KLAC dropped 14% in a month despite holding 6x the process-control market share of its nearest rival and raising its advanced-packaging revenue guidance over 70%.
KLAC has outpaced SPY with a 52% year-to-date gain yet trades nearly 40% below its 52-week high with zero **** yst sell ratings among 29 covering the stock.
CEO Rick Wallace sold 87,568 shares at $199 and a China export-control escalation remains the single risk that could invalidate the bull thesis outright.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and KLA didn't make the cut. Grab the names FREE today.
At $183.99, KLA Corporation (NASDAQ:KLAC) looks compelling at current levels. The stock has fallen 14.2% over the past month even as management raised its outlook on the two fastest-growing corners of the semiconductor equipment market, creating a rare dislocation in a stock that rarely goes on sale.
#month #control #analyst
KLAC has outpaced SPY with a 52% year-to-date gain yet trades nearly 40% below its 52-week high with zero **** yst sell ratings among 29 covering the stock.
CEO Rick Wallace sold 87,568 shares at $199 and a China export-control escalation remains the single risk that could invalidate the bull thesis outright.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and KLA didn't make the cut. Grab the names FREE today.
At $183.99, KLA Corporation (NASDAQ:KLAC) looks compelling at current levels. The stock has fallen 14.2% over the past month even as management raised its outlook on the two fastest-growing corners of the semiconductor equipment market, creating a rare dislocation in a stock that rarely goes on sale.
#month #control #analyst
22 days ago
Gold surged to $4,602 and crypto rallied on U.S. Treasury buyback plans while Monday futures traded lower entering the final week of August.
Baird cut both CMG and DPZ to Neutral while UBS upgraded CLS to Buy, lifting its target price to $430 from $410.
Jersey Mike's Subs received Outperform or Overweight initiations from three firms following its recent IPO. Those firms were Piper Sandler, Baird, and RBC Capital.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and AstraZeneca didn't make the cut. Grab the names FREE today.
Futures are trading lower as we enter the final week of August, after a big risk-on Friday when traders and investors shook off a rough Thursday and all major indices finished the session higher. Financial media cited strong earnings, some positive economic numbers, and surging cryptocurrency strength as major reasons. The Dow Jones Industrials led the charge, closing up 0.98% at 53,277, and despite the solid bounce-back, the legacy index still posted back-to-back weekly losses. The small-cap Russell 2000 also had a strong session on Friday, closing up 0.85% at 3,017, and still leads all of the major indices up 21% in 2026. The S&P 500 closed Friday at 7,674, up 0.43%, and the tech-heavy Nasdaq closed out the day at 26,180, up 0.44%.
#futures #firms
Baird cut both CMG and DPZ to Neutral while UBS upgraded CLS to Buy, lifting its target price to $430 from $410.
Jersey Mike's Subs received Outperform or Overweight initiations from three firms following its recent IPO. Those firms were Piper Sandler, Baird, and RBC Capital.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and AstraZeneca didn't make the cut. Grab the names FREE today.
Futures are trading lower as we enter the final week of August, after a big risk-on Friday when traders and investors shook off a rough Thursday and all major indices finished the session higher. Financial media cited strong earnings, some positive economic numbers, and surging cryptocurrency strength as major reasons. The Dow Jones Industrials led the charge, closing up 0.98% at 53,277, and despite the solid bounce-back, the legacy index still posted back-to-back weekly losses. The small-cap Russell 2000 also had a strong session on Friday, closing up 0.85% at 3,017, and still leads all of the major indices up 21% in 2026. The S&P 500 closed Friday at 7,674, up 0.43%, and the tech-heavy Nasdaq closed out the day at 26,180, up 0.44%.
#futures #firms
25 days ago
By Arathy Somasekhar
HOUSTON, Aug 19 (Reuters) - Crude oil prices rose on Wednesday and settled at the highest in nearly four weeks, as investors worried about escalating tensions in the Middle East after the United Arab Emirates decided to suspend all financial and economic transactions with Iran, and as ship traffic through the Strait of Hormuz remained slow.
Brent crude futures settled at $91.62 a barrel, up 60 cents, or 0.7%. U.S. West Texas Intermediate crude futures rose 89 cents, or 1.1%, to settle at $85.83 a barrel.
Both benchmarks closed at their highest since July 24.
"Crude futures remain supported by the geopolitical tensions that remain in the Middle East, now with the UAE stating they have cut off all financial ties to Iran due to the latest missile attacks," said Dennis Kissler, senior vice president of trading at BOK Financial.
#highest
HOUSTON, Aug 19 (Reuters) - Crude oil prices rose on Wednesday and settled at the highest in nearly four weeks, as investors worried about escalating tensions in the Middle East after the United Arab Emirates decided to suspend all financial and economic transactions with Iran, and as ship traffic through the Strait of Hormuz remained slow.
Brent crude futures settled at $91.62 a barrel, up 60 cents, or 0.7%. U.S. West Texas Intermediate crude futures rose 89 cents, or 1.1%, to settle at $85.83 a barrel.
Both benchmarks closed at their highest since July 24.
"Crude futures remain supported by the geopolitical tensions that remain in the Middle East, now with the UAE stating they have cut off all financial ties to Iran due to the latest missile attacks," said Dennis Kissler, senior vice president of trading at BOK Financial.
#highest
26 days ago
RKT trades 40% below its 52-week high but outpaced UWMC, falling just 2% Monday versus UWMC's sharper 6% drop.
REM's 52-week range of $20 to $24 and MTG's less than 1% Monday slip reflect broad mortgage sector rate sensitivity.
Rocket's technology platform and scale position it to capture mortgage market share if rates fall and industry consolidation accelerates.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Companies didn't make the cut. Grab the names FREE today.
Rocket Companies (NYSE:RKT) stock is slipping 2% to $14.50 in Tuesday trading after falling 2% Monday as higher rates and weak mortgage activity continued to weigh on the housing market. Rocket Companies stock remains more than 40% below its $24.36 52-week high, showing that the recent recovery has yet to erase the damage from the housing slowdown.
#week #high #market
REM's 52-week range of $20 to $24 and MTG's less than 1% Monday slip reflect broad mortgage sector rate sensitivity.
Rocket's technology platform and scale position it to capture mortgage market share if rates fall and industry consolidation accelerates.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Companies didn't make the cut. Grab the names FREE today.
Rocket Companies (NYSE:RKT) stock is slipping 2% to $14.50 in Tuesday trading after falling 2% Monday as higher rates and weak mortgage activity continued to weigh on the housing market. Rocket Companies stock remains more than 40% below its $24.36 52-week high, showing that the recent recovery has yet to erase the damage from the housing slowdown.
#week #high #market
28 days ago
By Eduardo Baptista and Laurie Chen
BEIJING, Aug 18 (Reuters) - China's humanoid robot makers have spent the past two years dazzling investors with machines that can breakdance, throw punches and even set marathon records. This week in Beijing, they face a tougher test in proving their inventions can work reliably to generate economic value.
More than 300 companies are expected at the World Robot Conference from Wednesday through Sunday, showcasing over 2,000 exhibits and launching more than 150 products, according to Beijing authorities.
The conference coincides with the Shanghai stock market debut of Unitree, one of the world's largest humanoid robot makers by sales volume, after an initial public offering that was more than 8,000 times oversubscribed by retail investors.
Unitree founder ****** Xingxing will address the conference's main forum on Thursday on the next decade of the humanoid industry, according to the Beijing municipal government.
#unitree
BEIJING, Aug 18 (Reuters) - China's humanoid robot makers have spent the past two years dazzling investors with machines that can breakdance, throw punches and even set marathon records. This week in Beijing, they face a tougher test in proving their inventions can work reliably to generate economic value.
More than 300 companies are expected at the World Robot Conference from Wednesday through Sunday, showcasing over 2,000 exhibits and launching more than 150 products, according to Beijing authorities.
The conference coincides with the Shanghai stock market debut of Unitree, one of the world's largest humanoid robot makers by sales volume, after an initial public offering that was more than 8,000 times oversubscribed by retail investors.
Unitree founder ****** Xingxing will address the conference's main forum on Thursday on the next decade of the humanoid industry, according to the Beijing municipal government.
#unitree
1 month ago
Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Management attributed the revenue shortfall to a more challenging operating environment than anticipated, particularly within the North American new construction and commercial sheet door markets.
The self-storage segment saw growth driven by the Kiwi II Construction acquisition and international strength, which helped offset organic softness in domestic new construction.
Commercial and Other revenue declined 21.2% primarily due to weak demand for commercial sheet doors used in pre-engineered metal buildings, despite growth in the rolling steel product line.
The R3 (Restore, Rebuild, Replace) business remains a strategic bright spot, benefiting from institutional customers right-sizing facilities and increased conversion and expansion activity.
#revenue #sheet
Management attributed the revenue shortfall to a more challenging operating environment than anticipated, particularly within the North American new construction and commercial sheet door markets.
The self-storage segment saw growth driven by the Kiwi II Construction acquisition and international strength, which helped offset organic softness in domestic new construction.
Commercial and Other revenue declined 21.2% primarily due to weak demand for commercial sheet doors used in pre-engineered metal buildings, despite growth in the rolling steel product line.
The R3 (Restore, Rebuild, Replace) business remains a strategic bright spot, benefiting from institutional customers right-sizing facilities and increased conversion and expansion activity.
#revenue #sheet
1 month ago
With a market cap of $347.2 billion, The Home Depot, Inc. (HD) is a leading home improvement retailer, offering a wide range of building materials, home improvement, lawn and garden, décor, and maintenance products through its stores and digital platforms. The company also provides installation and tool and equipment rental services to DIY consumers and professional customers.
Shares of the Atlanta, Georgia-based company have lagged behind the broader market over the past 52 weeks. HD stock has fallen 8.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 22.2%. Moreover, shares of the company have risen 1.2% on a YTD basis, compared to SPX's 13% gain.
Jeff Bezos Says He's Selling $1 Billion In Amazon Stock Every Year to Fund Blue Origin — 'It's The Most Important Work I'm Doing'
Apple's New CEO Is Bringing a Familiar Face Back From Retirement. The Shift Is Happening.
Nasdaq Futures Climb as Tech Rally Continues on Palantir Boost, U.S. JOLTS Report and ***** eX Earnings on Tap
#home
Shares of the Atlanta, Georgia-based company have lagged behind the broader market over the past 52 weeks. HD stock has fallen 8.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 22.2%. Moreover, shares of the company have risen 1.2% on a YTD basis, compared to SPX's 13% gain.
Jeff Bezos Says He's Selling $1 Billion In Amazon Stock Every Year to Fund Blue Origin — 'It's The Most Important Work I'm Doing'
Apple's New CEO Is Bringing a Familiar Face Back From Retirement. The Shift Is Happening.
Nasdaq Futures Climb as Tech Rally Continues on Palantir Boost, U.S. JOLTS Report and ***** eX Earnings on Tap
#home
1 month ago
By Akash Sriram
Aug 5 (Reuters) - ******* eX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company.
But investors remained concerned about how long its profitable Starlink business could continue to bankroll costly investments in data centers and Nvidia chips.
The company's shares fell 9% in premarket trading on Wednesday, dropping well below their $135 IPO price in less than two months since the company's blockbuster debut.
SpaceX reported AI revenue that more than tripled from a year earlier and disclosed several new cloud computing agreements, even as quarterly capital spending on AI climbed to $15.8 billion.
#SpaceX #sriram #starlink #wednesday
Aug 5 (Reuters) - ******* eX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company.
But investors remained concerned about how long its profitable Starlink business could continue to bankroll costly investments in data centers and Nvidia chips.
The company's shares fell 9% in premarket trading on Wednesday, dropping well below their $135 IPO price in less than two months since the company's blockbuster debut.
SpaceX reported AI revenue that more than tripled from a year earlier and disclosed several new cloud computing agreements, even as quarterly capital spending on AI climbed to $15.8 billion.
#SpaceX #sriram #starlink #wednesday
2 months ago
SummaryView Transcript
The freight market is seeing a major shift: capacity is tightening due to regulatory pressures and driver challenges, not just demand. Discover how these factors, alongside diverging spot rates and diesel prices, are impacting carriers and the overall supply chain. This deep dive into Q2 earnings from major players like Knight-Swift, Werner, and J.B. Hunt reveals a long-term trend.Learn more about the evolving dynamics of the trucking industry and what it means for the future of freight.
Truckload spot rates and diesel prices are moving in opposite directions, a divergence that supports the thesis that tight capacity — not fuel costs — is sustaining elevated freight rates. The Sonar NTI sat at $3.51 per mile as of the latest reading, climbing back from a mid-to-late June low near $4.90, while the diesel price at truck stops registered $3.48 per gallon, down from a July high near $3.80. The spread signals that carriers are holding rates even as fuel costs ease.
Tender rejections remain well above historical norms across all modes, according to Sonar data. The Sonar Truckload Rejection Index, or STRI, stands at 14.36%, above the six-month average of roughly 10.9%. Flatbed is the tightest mode at 23% rejections — down sharply from the 40% range seen in June and early July but still historically elevated. Reefer rejections sit at 19.46%, or nearly one in five loads, while van rejections are running nearly 50% above year-ago levels.
Recent carrier earnings are reinforcing the capacity-constraint narrative. Knight-Swift reported that its truckload segment operating income rose 69% year over year, with the carrier noting that strategic pricing recovery accelerated in June as recent bids took effect. The company described rapid tightening in supply-driven dynamics and tender rejections reaching levels not seen since 2021.
#capacity
The freight market is seeing a major shift: capacity is tightening due to regulatory pressures and driver challenges, not just demand. Discover how these factors, alongside diverging spot rates and diesel prices, are impacting carriers and the overall supply chain. This deep dive into Q2 earnings from major players like Knight-Swift, Werner, and J.B. Hunt reveals a long-term trend.Learn more about the evolving dynamics of the trucking industry and what it means for the future of freight.
Truckload spot rates and diesel prices are moving in opposite directions, a divergence that supports the thesis that tight capacity — not fuel costs — is sustaining elevated freight rates. The Sonar NTI sat at $3.51 per mile as of the latest reading, climbing back from a mid-to-late June low near $4.90, while the diesel price at truck stops registered $3.48 per gallon, down from a July high near $3.80. The spread signals that carriers are holding rates even as fuel costs ease.
Tender rejections remain well above historical norms across all modes, according to Sonar data. The Sonar Truckload Rejection Index, or STRI, stands at 14.36%, above the six-month average of roughly 10.9%. Flatbed is the tightest mode at 23% rejections — down sharply from the 40% range seen in June and early July but still historically elevated. Reefer rejections sit at 19.46%, or nearly one in five loads, while van rejections are running nearly 50% above year-ago levels.
Recent carrier earnings are reinforcing the capacity-constraint narrative. Knight-Swift reported that its truckload segment operating income rose 69% year over year, with the carrier noting that strategic pricing recovery accelerated in June as recent bids took effect. The company described rapid tightening in supply-driven dynamics and tender rejections reaching levels not seen since 2021.
#capacity
