Tippapatt May U.S. Producer Price Index: +1.1% M/M vs. +0.7% consensus and +1.1% prior (revised from +1.4%), according to data released by the U.S. Bureau of Labor Statistics on Thursday. +6.5% Y/Y vs. +6.4% consensus and +5.7% prior (revised from +6.0%). Core PPI (excluding food and energy): +0.4% M/M vs. +0.4% consensus and +0.7% prior (revised from +1.0%). +4.9% Y/Y vs. +5.4% consensus and +4.9...
Tippapatt May U.S. Producer Price Index: +1.1% M/M vs. +0.7% consensus and +1.1% prior (revised from +1.4%), according to data released by the U.S. Bureau of Labor Statistics on Thursday. +6.5% Y/Y vs. +6.4% consensus and +5.7% prior (revised from +6.0%). Core PPI (excluding food and energy): +0.4% M/M vs. +0.4% consensus and +0.7% prior (revised from +1.0%). +4.9% Y/Y vs. +5.4% consensus and +4.9% prior (revised from +5.2%). Developing… Check back for updates. More on the US Economy CPI heats up to 4.2% Y/Y as expected, on conflict-fueled energy price jump Existing home sales rise more than expected in May, hit highest level since December Inflation Likely To Subside, Growth Likely To Improve The Fed Is Looking Through The May CPI Report
Zolak Initial jobless claims for the week ended June 6: +4K to 229K vs. 215K consensus and 225K prior, according to data released by the U.S. Department of Labor on Thursday. Four-week moving average was 219.00K, compared to the prior week's average of 214.75K. Continuing claims for the week ended May 30: 1.795M vs. 1.771M prior (revised from 1.777M). Developing… Check back for updates.
Zolak Initial jobless claims for the week ended June 6: +4K to 229K vs. 215K consensus and 225K prior, according to data released by the U.S. Department of Labor on Thursday. Four-week moving average was 219.00K, compared to the prior week's average of 214.75K. Continuing claims for the week ended May 30: 1.795M vs. 1.771M prior (revised from 1.777M). Developing… Check back for updates.
JHVEPhoto/iStock Editorial via Getty Images Tutor Perini ( TPC ) announced on Thursday that it won a $651.8M task order from NAVFAC Pacific for Project P-1181 at Naval Base Guam. The project aims to replace overhead power distribution lines with underground systems to improve electrical reliability and resiliency. The project will be executed through a joint venture with the company's Guam-based s...
JHVEPhoto/iStock Editorial via Getty Images Tutor Perini ( TPC ) announced on Thursday that it won a $651.8M task order from NAVFAC Pacific for Project P-1181 at Naval Base Guam. The project aims to replace overhead power distribution lines with underground systems to improve electrical reliability and resiliency. The project will be executed through a joint venture with the company's Guam-based subsidiary, Black Construction Corporation. Design is set to begin in August 2026, with construction starting in April 2027 and completion targeted for June 2031. The $651.8M award will be added to Tutor Perini's Q2 2026 backlog, boosting future revenue visibility. On the market side, the Tutor Perini stock is trading ~1.57% higher at ~$69.80 in the pre-market hours. Source: Press Release More on Tutor Perini Tutor Perini: A Better Bottom Line, But Valuation Still A Concern (Rating Downgrade) Tutor Perini: Strong Backlog With Larger Higher-Margin Contracts (Rating Upgrade) Tutor Perini: Hold While Backlog Accumulates Three Quarters Of Contraction Tutor Perini unit wins $81.8M U.S. Coast Guard housing contract in Alaska CNDT, WATT among industrial stocks set to join Russell Microcap; BLBD, AMPX to exit
(RTTNews) - Brent crude futures for August delivery were down 0.8 percent at $92.32 a barrel, reversing gains from earlier in the session after the U.S. military said that it had 'completed' its latest round of airstrikes targeting Iran. WTI crude futures fell half a percent to $
(RTTNews) - Brent crude futures for August delivery were down 0.8 percent at $92.32 a barrel, reversing gains from earlier in the session after the U.S. military said that it had 'completed' its latest round of airstrikes targeting Iran. WTI crude futures fell half a percent to $
LRCX soars 86.8% YTD as AI/HPC fuel demand for its chipmaking tools, while strong quarterly sales of more than $5 billion and margin gains keep bulls interested.
LRCX soars 86.8% YTD as AI/HPC fuel demand for its chipmaking tools, while strong quarterly sales of more than $5 billion and margin gains keep bulls interested.
LRCX soars 86.8% YTD as AI/HPC fuel demand for its chipmaking tools, while strong quarterly sales of more than $5 billion and margin gains keep bulls interested.
LRCX soars 86.8% YTD as AI/HPC fuel demand for its chipmaking tools, while strong quarterly sales of more than $5 billion and margin gains keep bulls interested.
PSNI receive reinforcements from Great Britain amid further condemnation of violence Police have fired plastic bullets and received reinforcements from Great Britain in an effort to contain race riots in Northern Ireland. The force has fired 17 of the projectiles since disturbances erupted on Tuesday, pitting officers against crowds that have thrown rocks, petrol bombs and other missiles. Continue...
PSNI receive reinforcements from Great Britain amid further condemnation of violence Police have fired plastic bullets and received reinforcements from Great Britain in an effort to contain race riots in Northern Ireland. The force has fired 17 of the projectiles since disturbances erupted on Tuesday, pitting officers against crowds that have thrown rocks, petrol bombs and other missiles. Continue reading...
John Kevin/iStock via Getty Images JPMorgan Income ETF ( JPIE ) is an actively managed, multi-sector fixed-income ETF that might be framed less as a benchmark-beating bond fund and more as a yield-parking vehicle with an above treasury return attribution due to incremental credit exposure. The ETF runs an unconstrained mandate, with managers able to allocate across securitized, corporate, sovereig...
John Kevin/iStock via Getty Images JPMorgan Income ETF ( JPIE ) is an actively managed, multi-sector fixed-income ETF that might be framed less as a benchmark-beating bond fund and more as a yield-parking vehicle with an above treasury return attribution due to incremental credit exposure. The ETF runs an unconstrained mandate, with managers able to allocate across securitized, corporate, sovereign, and cash positions rather than tracking a fixed index. The current 30-Day SEC yield is ~5.61% , with a broadly identical trailing 12-month distribution yield at ~5.62% . This largely remains an allocation for investors seeking an above-cash income stream without having much exposure to interest rate sensitivity. Active Mandate (Fact-sheet) The fund charges a net expense ratio of ~0.39%. That is not cheap for fixed income, and as with any active fund, the cost is only justified if the manager actually adds value net of fees. JPIE was launched on October 28, 2021, has grown to roughly $8.72 billion in net assets, and spreads capital across a very large number of positions, which is genuinely relevant to its credit-risk profile, as discussed below. The allocation case rests on two fronts. The first is straightforward; the fund offers a ~5.6% yield with low-rate sensitivity and a track record of outperforming both the Bloomberg U.S. Aggregate Index and some other multi-sector peers. The second is more conditional; it depends on whether one believes a 'higher-for-longer' rate path holds, because that is the environment in which JPIE’s short-duration, credit-heavy structure appears most attractive relative to longer-duration alternatives. Portfolio, Duration, and Performance From an asset allocation perspective, the portfolio is predominantly exposed to securitized assets. Agency and non-agency mortgage-backed securities together account for roughly 45% of assets, with commercial mortgage-backed securities and asset-backed securities contributing a further ~24%. Corporate bond...