Russia's economy has defied the skeptics. Cracks are getting harder to hide
After four-and-a-half years of full-scale war with Ukraine, Russia has become a two-tier economy.
Markets
Stocks Close Lower on Worries About US Economy
The S&P 500 Index ($SPX) (SPY) on Friday fell by -0.17%, the Dow Jones Industrial Average ($DOWI) (DIA) fell by -0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) fell by -0.13%. E-mini S&P futures (ESU26) fell -0.27%, and …
Wheat Bulls Put Premium in Heading into the Weekend
The wheat complex led the grain rally on Friday, following more Black Sea news. Chicago SRW contracts were up 11 3/4 to 22 cents on Friday, with a weekly gain of 35 cents. KC HRW futures led the wheat rally, with contra…
SanDisk CEO reveals what's next after explosive 3,150% stock rally
No day is a dull one when talking about SanDisk (SNDK). We have had lots of interesting positive angles before.
Crude Prices Higher as Iran Continues to Disrupt Vessel Traffic in Strait of Hormuz
September WTI crude oil (CLU26) on Friday closed up +1.15 (+1.42%), and September RBOB gasoline (RBU26) closed up +0.0561 (+1.79%).
Nvidia discloses $21 billion stake in SpaceX at end of second quarter
Nvidia disclosed on Friday that its stake in Elon Musk's SpaceX was worth about $21 billion at the end of the second quarter.
Berkshire Hathaway boosts Alphabet to a top three holding, ups Delta and housing bets
Berkshire Hathaway sharply increased its stake in Alphabet in the second quarter, vaulting the Google parent into its three biggest stock holdings. The sprawling conglomerate also added to the size of its investments in…
Trump family-backed crypto firm World Liberty gets conditional bank charter approval
A federal financial regulator has conditionally approved an application for a bank charter by an entity connected to World Liberty Financial, a crypto firm partially owned by President Donald Trump's family.
Cocoa Sees Some Support from Weak Dollar
September ICE NY cocoa (CCU26) is up +104 (+1.84%), and September ICE London cocoa #7 (CAU26) is up +4 (+0.10%).
Regulators and banks step up scrutiny of prediction markets
The Commodity Futures Trading Commission is conducting an internal review into "mention markets" on prediction platforms, people familiar with the situation told CNBC Friday.
Dollar Falls on Weak US Retail Sales and Consumer Sentiment Reports
The dollar index (DXY00) fell -0.27% on Friday as weak US retail sales and consumer sentiment reports reduced the odds of a September Fed rate hike to 32% from 35% on Thursday. The dollar's decline was curbed by the 10-…
A plan to save Social Security involves high earners paying more in taxes — without getting more in benefits
Social Security is less than seven years from insolvency, at which point the law calls for a 24% across-the-board benefit cut. Yet despite facing large deficits, Social Security now pays the wealthiest couples roughly $…
Stocks Pressured by Worries About US Economy
The S&P 500 Index ($SPX) (SPY) is down -0.05%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.06%. September E-mini S&P futures (ESU26) are down -0.11%, …
Sandisk’s stock has rebounded nearly 35% this week. This is the latest catalyst.
Analysts weighed in positively on the company’s new financial targets — helping to further a rally that’s brought shares up more than 60% from their recent low point.
Factorial Energy is Now Oversold (FAC)
In trading on Friday, shares of Factorial Energy Inc - Class A (Symbol: FAC) entered into oversold territory, hitting an RSI reading of 28.7, after changing hands as low as $5.145 per share. By comparison, the current R…
16 beaten-down AI stocks that are beloved by BofA analysts
A recent selloff in AI-linked stocks offers opportunities for investors across the hardware, internet and energy sectors, according to analysts.
Disney CEO Josh D'Amaro tells CNBC parks were 'big surprise' in last quarter, company has 'clarity' and 'stability'
Disney CEO Josh D'Amaro told CNBC's Julia Boorstin on Friday that the company's parks division was a "big surprise" last quarter and that he feels confident about the company's trajectory during his first few months at …
Berkshire Hathaway doubles down on the U.S. housing market with a fresh bet on this stock
Berkshire Hathaway has upped its bet on the U.S. housing market, and also boosted its stakes in Alphabet and Delta Air Lines.
Parents putting money in ‘Trump accounts’ could get a $2,500 tax break. Here’s how.
Parents putting money in ‘Trump accounts’ could get a $2,500 tax break. Here’s how. A proposed rule could let families do a “discount Roth conversion.” Read at source
Court rules companies can't import Gilead medications from overseas in blow to AFP health programs
A court ruling this week in favor of Gilead Sciences could significantly impact a burgeoning class of health programs in the U.S. that federal authorities say are illegally importing medications from overseas.
Stocks See Support as Weak US Economic Reports Curb Fed Rate-Hike Expectations
The S&P 500 Index ($SPX) (SPY) is up +0.02%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.15%. September E-mini S&P futures (ESU26) are up +0.01%, and Se…
Group including Jeff Bezos buys minority stake in Liverpool FC, with option to become controlling owner
A group that includes Jeff Bezos has struck a deal with Fenway Sports Group to become minority owners in Liverpool Football Club, FSG said Friday.
Congress changed the rules around charitable giving. You’ll now save more money if you donate earlier in the year.
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