October NY world sugar #11 (SBV26 ) on Thursday closed up +0.01 (+0.07%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -2.00 (-0.42%). Sugar prices settled mixed on Thursday. Strength in the Brazilian real (^USDBRL ) is positive for sugar prices, as the real rallied to a...
October NY world sugar #11 (SBV26 ) on Thursday closed up +0.01 (+0.07%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -2.00 (-0.42%). Sugar prices settled mixed on Thursday. Strength in the Brazilian real (^USDBRL ) is positive for sugar prices, as the real rallied to a...
September ICE NY cocoa (CCU26 ) on Thursday closed up +403 (+6.66%), and September ICE London cocoa #7 (CAU26 ) closed up +312 (+6.94%). Cocoa prices extended their parabolic rally on Thursday, with NY cocoa hitting a 6-month high and London cocoa hitting a 9.25-month high. Cocoa prices surged on...
September ICE NY cocoa (CCU26 ) on Thursday closed up +403 (+6.66%), and September ICE London cocoa #7 (CAU26 ) closed up +312 (+6.94%). Cocoa prices extended their parabolic rally on Thursday, with NY cocoa hitting a 6-month high and London cocoa hitting a 9.25-month high. Cocoa prices surged on...
Polymarket is seeking regulatory approval to offer margin trading in the US, a move that would let users bet on events with less capital upfront and help the prediction market platform attract more sophisticated traders. The company filed an application to operate as a futures commission merchant through its affiliate, Coming Home GBA LLC, according to a July 3 filing with the National Futures Ass...
Polymarket is seeking regulatory approval to offer margin trading in the US, a move that would let users bet on events with less capital upfront and help the prediction market platform attract more sophisticated traders. The company filed an application to operate as a futures commission merchant through its affiliate, Coming Home GBA LLC, according to a July 3 filing with the National Futures Association. Polymarket must also obtain approval from the Commodity Futures Trading Commission for changes to its rulebook that would allow non-fully collateralized trading. A representative for Polymarket confirmed that the company has applied for an FCM license. Representatives from CFTC and the National Futures Association didn’t immediately respond to requests for comment. Prediction market platforms such as Polymarket and Kalshi Inc. offer yes-or-no wagers on the outcomes of events ranging from weather and sports to elections. The contracts appeal to novice users because they are simpler than traditional financial derivatives such as futures traded on exchanges including CME Group Inc. Companies such as Polymarket are looking to add margin trading to attract a broader, more sophisticated class of trader. Margin trading allows users to open positions without putting up the full amount of capital, a tactic frequently used by institutional investors. Read More: CFTC Conducting Broad Probe Into Prediction Market Polymarket Institutional investors see margin trading as a more capital-efficient way to place bets across markets. Kalshi got its own FCM license earlier this year in a bid to expand client access to event bets on its platform at a larger scale, and it is part of the infrastructure needed to support perpetual futures. Perpetual futures are a type of derivative popular in crypto markets that, unlike traditional futures contracts, do not expire. Instead, the value of the contract remains tied to the underlying asset, creating a tradable instrument that tracks the curr...
Investors choosing between the State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) and Vanguard FTSE Emerging Markets ETF (NYSEMKT:VWO) are weighing a global strategy focused on climate transition against a low-cost, traditional bet on developing economies. While both funds provide international equity exposure, their mandates differ significantly. VWO focuses strictly on emerging ...
Investors choosing between the State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) and Vanguard FTSE Emerging Markets ETF (NYSEMKT:VWO) are weighing a global strategy focused on climate transition against a low-cost, traditional bet on developing economies. While both funds provide international equity exposure, their mandates differ significantly. VWO focuses strictly on emerging markets, such as China and Taiwan, to capture growth in developing nations. In contrast, NZAC selects global companies from both developed and emerging markets based on their alignment with climate goals and the reduction of physical climate risks. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
The U.S. men’s soccer team once again didn’t make it past the Round of 16 in the World Cup — and some say the high cost to play youth soccer in America could be a key reason.
The U.S. men’s soccer team once again didn’t make it past the Round of 16 in the World Cup — and some say the high cost to play youth soccer in America could be a key reason.
Commerce Secretary Howard Lutnick called on Samsung Electronics Co. and SK Hynix Inc. to step up their efforts to expand memory chip production in the US to help address a global shortage in components critical to the development of artificial intelligence. Speaking at an event hosted by Micron Technology Inc. , Lutnick confirmed that he’s in discussions with the two South Korean memory producers,...
Commerce Secretary Howard Lutnick called on Samsung Electronics Co. and SK Hynix Inc. to step up their efforts to expand memory chip production in the US to help address a global shortage in components critical to the development of artificial intelligence. Speaking at an event hosted by Micron Technology Inc. , Lutnick confirmed that he’s in discussions with the two South Korean memory producers, though he declined to offer specifics. He acknowledged that Micron Chief Executive Officer Sanjay Mehrotra might not embrace having the company’s rivals expand their US presence, but Lutnick cited the need to make the American chip supply chain more robust. “You know, he won’t like it, but I want to bring his competitors, Samsung and SK Hynix, here to America to build,” Lutnick said. “Micron’s leading the way. And now the others are going to be jealous, right? And they’re going to have to follow.” Lutnick’s comments came as SK Hynix prepared for its public debut on US exchanges in a move that could raise nearly $27 billion based on the most recent close of its stock in Seoul, funds that the company intends to put toward boosting its production capacity. SK Hynix’s American depositary receipts are set to begin trading in the US on Friday. Read More: Micron Boosts US Spending to $250 Billion to Feed Memory Boom Spokespeople for Samsung and SK Hynix didn’t immediately respond to requests for comment. SK Hynix and Samsung plan to invest a combined $880 billion over the next several years on new plants to help meet soaring demand for memory products fueled by the global AI boom. Earlier Thursday, Micron announced that it would increase its planned US investment to $250 billion through 2035, a move that Lutnick hailed during an appearance outside new facilities that the company is building near Syracuse, New York. “We want to protect our great companies and those who invest in intellectual property in America,” Lutnick said. “So it is my view that you want Micron to build as fas...
tadamichi/iStock via Getty Images After I first covered Philip Morris International Inc. ( PM ), I bought my first shares in that business. Since that article (I linked it above), PM's stock price has jumped by over 70%. And I'm happy to say that it beat the market by 2.5 times when including dividends. Seeking Alpha Still, I rated PM a Hold the last time I covered it. And now, I see that PM will ...
tadamichi/iStock via Getty Images After I first covered Philip Morris International Inc. ( PM ), I bought my first shares in that business. Since that article (I linked it above), PM's stock price has jumped by over 70%. And I'm happy to say that it beat the market by 2.5 times when including dividends. Seeking Alpha Still, I rated PM a Hold the last time I covered it. And now, I see that PM will publish Q2 2026 financials in 2 weeks . With that in mind, I decided to prepare a follow-up coverage with an earnings preview. And I can say right at the get-go: PM is still a Hold for me. A Quick Look At Q1 2026 PM's organic growth was okay, but it will improve. Reviewing top-line metrics is the first thing I've always done in my M&A job. In terms of PM, I see they recorded a solid revenue jump (of over 9%). With a low single-digit part of that driven organically. I'm pasting the management's comment on that from the last Earnings Call : Let's discuss our Q1 results in more detail, starting with the headline financials. We delivered over $10 billion in net revenues, representing a plus 9% increase in reported terms and plus 2.7% organically, surpassing our expectation for a broadly flat delivery. The strong performance of IQOS and our multi-category portfolio more than offset the Q1-specific combination of U.S. and combustible headwinds, I just mentioned. Yes, I know that some investors were concerned with a slower organic growth. I mean, that metric was much higher for the full 2025. So I'm not surprised investors weren't happy with the 2.7% mentioned above. But I keep the long-term perspective in mind here. I see that PM expects to grow the top line by 5-7% (on an organic basis) in 2026. And that's something I'd be very happy about. PM's Investor Relations PM remains the leader of the smoke-free front I'm a big fan of PM's smoke-free business. I see that SFP scored the highest organic growth in the Int'l segment. And that's true for both revenue and gross profit. PM's In...
JaysonPhotography/iStock via Getty Images Wall Street’s major averages inched higher on Thursday as traders moved past the ongoing Middle East conflict and semiconductor stocks rose. The benchmark S&P 500 ( SP500 ) ended +0.8%, while the heavy-tech Nasdaq Composite ( COMP:IND ) closed +0.3%, and the blue-chip Dow Jones ( DJI ) finished +1.3%. Despite the U.S. striking Iran again, crude oil futures...
JaysonPhotography/iStock via Getty Images Wall Street’s major averages inched higher on Thursday as traders moved past the ongoing Middle East conflict and semiconductor stocks rose. The benchmark S&P 500 ( SP500 ) ended +0.8%, while the heavy-tech Nasdaq Composite ( COMP:IND ) closed +0.3%, and the blue-chip Dow Jones ( DJI ) finished +1.3%. Despite the U.S. striking Iran again, crude oil futures ( CL1:COM ) were lower at $72, while Brent ( CO1:COM ) was $76 per barrel. Now, here are three things to pay attention to on Friday: Delta Air Lines ( DAL ) reports earnings on Friday during market hours. EPS estimate is $1.50, while revenue estimate is $18.85B. The airline giant has had nine upward revisions and six downward revisions in the past 90 days. The stock is up about 28% year-to-date. BlackRock launched the iShares Nasdaq 100 ETF ( IQQ ) that includes companies across the technology, healthcare, consumer discretionary, and communications services sectors. This ETF undercuts the Invesco NASDAQ 100 ETF ( QQQM ) on expenses, with a waiver reducing the expense ratio to 0.10% through July 31, 2027. Some of the biggest banks, including JPMorgan Chase ( JPM ), Bank of America ( BAC ), Goldman Sachs ( GS ), Wells Fargo ( WFC ), and Citigroup ( C ), are expected to report earnings results in the coming days, and the financial sector ( XLF ) has shown a sustained upward momentum that historically precedes rallies. Investors will monitor how the sector performs on Friday. More on the markets AAII Sentiment Survey: Pessimism Drops 5 Eerie Signs Of A 1999-Like Market Top Markets Appear To Be Shaking Off Mideast Conflict Investors should focus on quality stocks, stay cautious – Clough Capital Wall Street pushes higher despite Middle East concerns
(RTTNews) - After seeing considerable volatility early in the session, stocks moved mostly higher over the course of the trading day on Thursday. The major averages all moved to the upside after yesterday's mixed performance, with the Nasdaq leading the charge.
(RTTNews) - After seeing considerable volatility early in the session, stocks moved mostly higher over the course of the trading day on Thursday. The major averages all moved to the upside after yesterday's mixed performance, with the Nasdaq leading the charge.
Western Digital (NASDAQ: WDC) could be one of the quieter winners of the AI buildout as data storage becomes harder to ignore. The upside case is built on cloud demand, pricing power, and AI-driven data growth, but the stock's huge rally raises a tougher question about expectatio
Western Digital (NASDAQ: WDC) could be one of the quieter winners of the AI buildout as data storage becomes harder to ignore. The upside case is built on cloud demand, pricing power, and AI-driven data growth, but the stock's huge rally raises a tougher question about expectatio