US natural gas futures fell on forecasts showing warmer weather in the eastern US than previously expected, as well as market expectations that domestic stockpiles will increase relative to seasonally normal levels in the coming weeks as demand lowers moving into spring. US gas storage levels, which were up by 14 billion cubic feet from the seasonal norm as of March 19, will move to a 155 bcf surp...
US natural gas futures fell on forecasts showing warmer weather in the eastern US than previously expected, as well as market expectations that domestic stockpiles will increase relative to seasonally normal levels in the coming weeks as demand lowers moving into spring. US gas storage levels, which were up by 14 billion cubic feet from the seasonal norm as of March 19, will move to a 155 bcf surplus by April 16, Eli Rubin , senior energy analyst at EBW Analytics Group, said in a Monday note to clients. Looking further down the price curve, the October-January spread has rapidly expanded since the war broke out in the Middle East. High production levels continue to push down October prices. Meanwhile, geopolitical risk is boosting the contract for delivery in January, when the northeastern US imports liquefied natural gas to supplement its scarce pipeline capacity during cold weather, according to a report from Energy Aspects . Futures for May delivery -12.8c, or -4.2%, to $2.897/mmbtu on Nymex, as of 9:39am ET The October-January spread has widened to -$1.678/mmbtu from -$1.222/mmbtu before the start of the war Weather: Forecasts shifted warmer in the eastern half of the US, with above-average temperatures expected from March 30-April 3 and April 9-13: Commodity Weather Group See WHUT for a map of latest 6-10 day weather forecast: NOAA Click here for two-week temperature forecasts for the U.S. Daily BNEF Gas Data: Lower-48 dry gas production on Monday ~113.6 bcf/day, or +5.4% y/y Lower-48 total gas demand on Monday ~71.3 bcf/day, or +2.5% y/y Dry gas exports to Mexico on Monday ~6.6 bcf/day, or -4.3% w/w Estimated gas flows to LNG export terminals on Monday ~20.3 bcf/day, or +3.3% w/w Gas Market News: Europe Gas Holds Gains After Trump Renews Threat on Iran Energy LNG WRAP: Asian Prices Face Upside Risk as Storm Tightens Supply European Gas Summer-Winter Spread Approaches Zero: BNEF Chart Trump Warns Iran of Escalation as US Troops Arrive in Region (1)
At campaign launch, PM acknowledges concern over events in Ukraine and Iran as well as over rising cost of living UK politics live – latest updates The 7 May elections are taking place against a backdrop of “war on two fronts”, Keir Starmer has said, as he pledged action to tackle the resurgent cost of living crisis. Launching Labour’s English local elections campaign in Wolverhampton on Monday, t...
At campaign launch, PM acknowledges concern over events in Ukraine and Iran as well as over rising cost of living UK politics live – latest updates The 7 May elections are taking place against a backdrop of “war on two fronts”, Keir Starmer has said, as he pledged action to tackle the resurgent cost of living crisis. Launching Labour’s English local elections campaign in Wolverhampton on Monday, the prime minister said: “We’re facing a war on two fronts – the Ukraine war, now four and a bit years in … and now the Iran war, which I know is causing huge concern. Continue reading...
Live cattle futures were in rally mode on Friday, with contracts up $2.425 to $3.975, as April was up $4.45 last week. Cash trade was light with a few $234-235 sales. Feeder cattle futures closed with gains of $4.12 to $8.07 on Friday, as May was up $10.275 on the...
Live cattle futures were in rally mode on Friday, with contracts up $2.425 to $3.975, as April was up $4.45 last week. Cash trade was light with a few $234-235 sales. Feeder cattle futures closed with gains of $4.12 to $8.07 on Friday, as May was up $10.275 on the...
Corn price action is down 1 to 3 cents early on Monday morning. Futures eased back lower into the weekend, closing Friday with contracts steady to 5 cents lower led by the nearbys. Front month May was down 3 ½ cents last week. Open interest was up 6,554 contracts on...
Corn price action is down 1 to 3 cents early on Monday morning. Futures eased back lower into the weekend, closing Friday with contracts steady to 5 cents lower led by the nearbys. Front month May was down 3 ½ cents last week. Open interest was up 6,554 contracts on...
Torsten Asmus Jim Lebenthal, chief market strategist at Cerity Partners, predicts that global dependence on the Persian Gulf will diminish significantly within the next three to five years. In an interview with CNBC, Lebenthal described current geopolitical tensions in the region as “the straw that breaks the camel’s back” for the world’s reliance on Middle Eastern energy supplies. The strategist ...
Torsten Asmus Jim Lebenthal, chief market strategist at Cerity Partners, predicts that global dependence on the Persian Gulf will diminish significantly within the next three to five years. In an interview with CNBC, Lebenthal described current geopolitical tensions in the region as “the straw that breaks the camel’s back” for the world’s reliance on Middle Eastern energy supplies. The strategist identified two primary drivers behind this anticipated shift: the expansion of U.S. liquefied natural gas exports and the emergence of alternative crude oil sources from other regions. While acknowledging that sustained oil prices ( CO1:COM ) above $100 per barrel increase the likelihood of a global recession, Lebenthal argued that the U.S. is better positioned to weather such conditions than other economies. He pointed to the country’s robust domestic energy production and the ongoing capital expenditure boom in artificial intelligence as key factors providing insulation from energy-driven economic shocks. Cerity Partners currently maintains an overweight position in equal-weight S&P 500 sectors, including industrials ( RSPN ), financials ( RSPF ), and energy ( RSPG ). However, Lebenthal said that the firm is closely watching weekly initial jobless claims to gauge whether business sentiment is deteriorating enough to warrant a shift toward more defensive positioning. Lebenthal also expressed confidence in the technology sector’s ability to withstand elevated energy costs, characterizing AI-related investments as “defensively growth” categories. He dismissed concerns about potential job displacement from artificial intelligence, comparing the current technological transition to previous episodes of creative destruction that ultimately generated new employment opportunities. Despite near-term market volatility driven by Middle Eastern conflicts, Lebenthal counseled investors to maintain a patient, long-term perspective. “I do feel pretty confident the world is going to conti...
JHVEPhoto/iStock Editorial via Getty Images Qualcomm ( QCOM ) continues to diversify its revenue streams by expanding into markets such as automotive, PCs, and data centers, but that is still being offset by the loss of key smartphone accounts, prompting Goldman Sachs to initiate coverage with a Neutral rating. Shares had inched up 0.5% during early Monday market action. "In short, we see the comp...
JHVEPhoto/iStock Editorial via Getty Images Qualcomm ( QCOM ) continues to diversify its revenue streams by expanding into markets such as automotive, PCs, and data centers, but that is still being offset by the loss of key smartphone accounts, prompting Goldman Sachs to initiate coverage with a Neutral rating. Shares had inched up 0.5% during early Monday market action. "In short, we see the company's market diversification efforts being partly offset by share loss at key smartphone customer accounts [Apple ( AAPL ) and Chinese OEMs], which we believe act as a headwind to Qualcomm's fundamentals," said Goldman Sachs analysts, led by James Schneider, in a Monday investor note. Goldman Sachs set a $135, 12-month price target on the stock. "In the near term, we expect rising memory costs to drive smartphone unit demand destruction, which is a headwind to the company's largest segment," Schneider noted. "Qualcomm has maintained a stable share at key customer Samsung ( SSNLF ) but has been losing a modest share to MediaTek at Chinese OEMs for smartphone application processors over the past three years. All in, we forecast ~200bps of revenue share loss to Mediatek in the Android market through 2027. We also note Apple's ongoing transition to internal modem solutions." However, Qualcomm's market diversification should help mitigate some smartphone-related headwinds, especially over the long term. "We are most constructive on the company's automotive solutions (including digital cockpit), where we see strong secular growth, as well as industrial IoT solutions given the strong end market recovery in that segment, Schneider added. The Snapdragon Digital Cockpit is an AI-driven computing platform designed to power in-vehicle information, digital instrument clusters, and rear-seat entertainment systems . It is designed to transform vehicles into personalized and connected spaces with immersive graphics, premium audio, and 5G connectivity. Qualcomm's shares have declined 25% ye...
Shanghai Biren Technology Co. ’s annual revenue more than tripled, driven by China’s surging demand for artificial intelligence chips. Revenue jumped to 1.03 billion yuan ($150 million) from 337 million yuan the previous year, according to a filing Monday. The AI chip designer’s net loss swelled to 16.5 billion yuan ($2.4 billion) last year from 1.5 billion yuan the year before, mainly the result ...
Shanghai Biren Technology Co. ’s annual revenue more than tripled, driven by China’s surging demand for artificial intelligence chips. Revenue jumped to 1.03 billion yuan ($150 million) from 337 million yuan the previous year, according to a filing Monday. The AI chip designer’s net loss swelled to 16.5 billion yuan ($2.4 billion) last year from 1.5 billion yuan the year before, mainly the result of one-time finance cost linked to redemption rights granted to certain investors. Biren Tech began trading in January after raising $717 million in its initial public offering . The Hong Kong-listed stock has climbed 45% since the debut. The company among a wave of Chinese AI firms that rushed to raise funds to accelerate growth as Beijing supports home-grown champions in the sector, squeezing global rivals Nvidia Corp. out of the Chinese market. The company’s research and development expenses climbed 79% to 1.5 billion yuan. The company said its next-generation BR20X chips are due for commercial launch in 2026 and that it remains confident in its position to “capitalize on the historic opportunities in AI computing.”
As the war in Iran continues, ministers debate several options for extending support to households Middle East crisis – live updates Families hardest hit by the looming energy crisis caused by the conflict in the Middle East could be given funds dispensed by local councils, under plans being considered by UK ministers keen to keep a lid on costs. As concerns increase about the impact of rising fue...
As the war in Iran continues, ministers debate several options for extending support to households Middle East crisis – live updates Families hardest hit by the looming energy crisis caused by the conflict in the Middle East could be given funds dispensed by local councils, under plans being considered by UK ministers keen to keep a lid on costs. As concerns increase about the impact of rising fuel and energy costs in response to a drawn-out war in Iran, a government official said several options for extending support were being debated inside Whitehall. Continue reading...
Series B funding, led by Qumra Capital, advances code review and governance platform, purpose-built to verify and govern AI code in productionNEW YORK, March 30, 2026 (GLOBE NEWSWIRE) -- Qodo, the AI code review and governance platform trusted by Walmart, NVIDIA, Red Hat, Box, Intuit, Ford Motors, and Monday.com, today announced $70 million in Series B funding, bringing total capital raised to $12...
Series B funding, led by Qumra Capital, advances code review and governance platform, purpose-built to verify and govern AI code in productionNEW YORK, March 30, 2026 (GLOBE NEWSWIRE) -- Qodo, the AI code review and governance platform trusted by Walmart, NVIDIA, Red Hat, Box, Intuit, Ford Motors, and Monday.com, today announced $70 million in Series B funding, bringing total capital raised to $120 million. The round was led by Qumra Capital, with funding participation from Maor Ventures, Phoeni
Arm is suddenly being viewed as more than an IP licensor, as its new AGI CPU and rising AI data center relevance are pushing Wall Street to re-rate the stock.
Arm is suddenly being viewed as more than an IP licensor, as its new AGI CPU and rising AI data center relevance are pushing Wall Street to re-rate the stock.
Investors nervous over escalation of Middle East conflict as US president says he wants to ‘take the oil in Iran’ Business live – latest news The price of oil rose sharply to $116 a barrel on Monday as Donald Trump threatened to “blow up” and “completely obliterate” Iranian electricity plants, oil wells and its export hub Kharg Island if it did not agree to a deal. Brent crude, the international b...
Investors nervous over escalation of Middle East conflict as US president says he wants to ‘take the oil in Iran’ Business live – latest news The price of oil rose sharply to $116 a barrel on Monday as Donald Trump threatened to “blow up” and “completely obliterate” Iranian electricity plants, oil wells and its export hub Kharg Island if it did not agree to a deal. Brent crude, the international benchmark for oil, rose by 1.6% on Monday after Trump wrote on his social media platform Truth Social that if a deal was not agreed and the strait of Hormuz was not reopened, the US would take further action. Continue reading...
When Wall Street turns bearish on a stock, it’s worth paying attention. These calls stand out because analysts rarely issue grim ratings on companies for fear their firms will lose out in other business lines such as M&A advisory.
When Wall Street turns bearish on a stock, it’s worth paying attention. These calls stand out because analysts rarely issue grim ratings on companies for fear their firms will lose out in other business lines such as M&A advisory.