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Bull of the Day: Wayfair (W)

Wayfair, a Zacks Rank #1 (Strong Buy), has quietly become one of the most compelling turnaround stories in retail.

Dollar Supported by US Economic Strength

The dollar index (DXY00) today is up by +0.08%. The dollar today recovered from early losses and is modestly higher, just below Wednesday’s 2-year high. Better-than-expected US economic news today supported the dollar. …

Stocks Finish Little Changed Ahead of Nvidia Earnings

The S&P 500 Index ($SPX) (SPY) closed down by -0.02% on Wednesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.05%. E-mini S&P futures (ES…

Easing Supply Fears Weigh on Cocoa Prices

Cocoa prices are slightly lower today. Prices have been under pressure this week on signs of abundant global cocoa supplies. Last Friday, Bloomberg reported that Nigeria’s July cocoa bean exports rose +18% y/y to 16,052…

Corn Rallies to Fresh 3-year Highs

Corn futures are trading with midday gains of 11 to 14 cents cents on Wednesday, hitting the highest price since August 2023. Spillover strength in wheat and supply concerns over the US crop have both been supportive. T…

OpenAI releases sweeping report on Hugging Face AI agent hack

OpenAI published a technical report on Wednesday detailing how its artificial intelligence models successfully breached Hugging Face last month, an incident that rattled researchers and executives across the tech sector.

Stocks Finish Little Changed Ahead of Nvidia Earnings

The S&P 500 Index ($SPX) (SPY) closed down by -0.02% on Wednesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.05%. E-mini S&P futures (ES…

Wheat Rallying to New Highs as Russia Looks to Escalation

The wheat complex rallied on Wednesday with escalating tensions out of the Black Sea. Chicago SRW contracts were up the 45 cent limit in the front months and other contracts up 26 to 44 cents. KC HRW futures were 17 to …