Written by Gary
With car prices surging, yours is a prime target for thieves (SPY -1.0%).The biggest midday movers: Nvidia, Lennar, Adobe on quad witching Friday.
Here is the current market situation from CNN Money
North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively.
What Is Moving the Markets
|Here are the headlines moving the markets.|
China is looking to put soaring coal prices under control by starting an investigation into the market and coal prices to prevent speculation and hoarding of supply. Chinese state planner, the National Development and Reform Commission (NDRC), and the state market regulator have announced a probe into the coal prices in the worlds largest energy consumer, according to a statement from NDRC carried by Reuters. The Chinese authorities will check abnormal trading and speculation, as well as crack down on hoarding and driving up prices,
After a momentous rally this year, it looks like oil prices are finally coming under pressure – with the threat of inflation dampening oil market optimism.Friday, June 18th, 2021The months-long oil price rally hit the pause button this week, following a shift in outlook from the U.S. Federal Reserve. Inflation is your friend until it isnt, Louise Dickson of Rystad Energy said in a statement. The oil market is re-learning this lesson in the past two trading days after the US central bank hinted at potential interest rate
Nuclear power is an indispensable part of the Biden administration’s plan to reduce carbon dioxide emissions by 52 percent over the next ten years, Energy Secretary Jennifer Granholm said at the annual general meeting of the American Nuclear Society. “President Biden is absolutely committed to getting this country powered by clean energy, using every single clean energy tool available,”Secretary Granholm said, as quoted by World Nuclear News, adding that “Carbon-free nuclear power is an absolutely critical part of our decarbonisation equation.”
Despite $70 oil, U.S. shale producers are not expected to significantly raise crude production this year as they continue to be focused on disciplined capital expenditures and returning more cash to investors, OPEC sources told Reuters at the end of policy meetings of the organization. OPECs economic and technical think-tank, the Economic Commission Board, met this week to take stock of the situation on the global oil market and the global economy. The board was also expected to review topics such as investment, expectations about recovery,
Copper prices are headedfor their worst week in a year, goldcrashed through $1,800 an ounce and palladium gave up almost $300 an ounce in a single day after the US Federal Reserve also signaled that higher interest rates may happen sooner than expected. This pushed the dollar to its highest in two months, making commodities priced in the greenback more expensive and less appealing to holders of other currencies. Metals were further damaged by Chinese plans toreleasecopper, aluminum, and zinc from its national reservesas
Oil companies operating in the Gulf Coast have started evacuating employees from platforms there ahead of a tropical storm that is brewing in the Gulf. “A tropical or subtropical depression is expected to form in the western Gulf of Mexico, and no matter how well organized this system becomes, it poses a threat of flooding rain along a part of the northern U.S. Gulf Coast heading into Father’s Day weekend,” the Weather Channel said in an update. “This system could also contribute to coastal flooding, dangerous rip currents and gusty winds.” Reuters
Covid-19 variant delta, first identified in India, is becoming the dominant variant of the disease worldwide, the WHO’s chief scientist said Friday.
These are the stocks posting the largest moves in midday trading.
As Covid restrictions ease across the country, more people are heading back to the gym, new research shows.
Shipping delays in China are forcing toymakers to face tough decisions ahead of the industry’s most important sales season.
The project will be located on the island of Hokkaido, the firm said.
NBA star players suffered numerous tissue-related injuries this season but the league needed to save upcoming media rights.
As Amazon prepares for its annual Prime Day megasale, its reign as the biggest online retailer in the country is eye-popping.
Five years before a vaccine can ‘hold the line’ against Covid variants, England’s medical chief says
England’s top medical officer has warned that the coming winter will continue to be difficult for the country’s health system.
The pandemic has helped fuel the biggest jump in auto thefts in more than a decade, experts say.
Hopes for a “green” recovery by the tourism industry may have been overblown, as travelers choose convenience and price over sustainability.
Singapore has to be cautious in resuming higher-risk activities due to the delta variant first detected in India, said Health Minister Ong Ye Kung.
Dr. Scott Gottlieb warned about the potential long-term effects of Covid and pointed to a new study that suggests brain tissue is being destroyed.
“Thermal Shutdown” – Heat Wave Knocks Beta Starlink Users Offline
While a massive heat wave and megadrought plague tens of millions of Americans, beta users of SpaceX’s broadband service called Starlink are reporting their dishes are overheating, which knocks them offline.Â
Earlier this week, aÂ RedditorÂ posted an error message that reads “Offline Thermal Shutdown.” The dish “overheated” and “Starlink will reconnect after cooling down,” the error message continued.Â
According toÂ Ars Technica, the Redditor, Martin, reached out to Starlink support team, which told him, “Dishy will go into thermal shutdown at 122F and restart when it reaches 104F.” He tried to cool down the dish with water in the hot Arizona heat, though the “fix was temporary.”
Fragile Order Failing – Do You Hear Me Now, Butterfly?
Via The SwarmBlog.com,
œTheÂ woods are lovely, dark and deep, and I have promises to keep, and miles to go before I sleep. Do you hear me, Butterfly? Miles to go before youÂ sleep.
Down the Market Hole, Down in Mexico
Death ProofÂ is an amazing movie. Even if the quality of the second half of film is a bit lower in my opinion, the first half is a masterpiece. Quentin Tarantino managed to a write a story that gradually and subtly become intriguing before destroying everything with one of the most brutal and violent car crashes ever filmed.
White House Says It’s Considering Talks Between Biden & China’s Xi
Coming off the Biden-Putin summit this week, the White House says it’s mulling bilateral talks between the US President and Chinese President Xi Jinping, according to a statement byÂ National Security Advisor Jake SullivanÂ on Thursday.
“What the President said about there being no substitute for leader-level dialogue as a central part of why he held the summit with Putin yesterday also applies to China and to President Xi Jinping,”Â Sullivan saidÂ at a press briefing. “He will look for opportunities to engage with President Xi going forward.”
While underscoring there are currently no “particular plans at the moment” – he suggested an opportunity will be lookedÂ at forÂ the G20 summit in Italy in October, given both leaders will be there.
“Soon enough, we will sit down to work out the right modality for the two pr …
The McCloskeys Plead Guilty To Minor Misdemeanors In Conclusion Of St. Louis Protest Case
Authored by Jonathan Turley,
A year ago,Â we discussedÂ the charges against Mark and Patricia McCloskey of St. Louis after their armed standoff with protesters.Â I was highly skeptical of the charges brought by Circuit Attorney Kim Gardner, who was later removed from the case due to ethical concerns.
Now, the couple has beenÂ allowed to plead to two minor misdemeanorsÂ in the conclusion of a highly politicized case.
Passengers react after MSC Cruises overbooks trips ahead of postponed Covid restriction lift.
The Harry Potter publisher will require all staff to be vaccinated before they return to offices.
The reopening of hospitality firms saw food sales drop, but people spent money on outdoor furniture.
Spot gold edged 0.2% down to $1,770.60 per ounce by 10:28 a.m. EDT (1428 GMT), stalling an initial uptick on some bargain buying. Prices were down 4.5% for the week, having slid over 2% on Thursday.
In an interview, Bullard said he was among the seven Fed policymakers who expect the most aggressive steps, with rate increases beginning next year, to contain inflation that he thinks will prove more persistent than his colleagues.
Prior to the transaction, CA Rover Holdings held 11.61 per cent stake in the credit card company, promoted by State Bank of India.
NewsWatch: 16 short-squeeze targets in the stock market, including Canoo, Tootsie Roll and a prison operator
Other stocks with high short interest and days-to-cover include Inovio Pharmaceuticals and B&G Foods.
Whether it’s a chip shortage or a strong economy, whatever the cause, one thing that’s for sure is new cars are in short supply. These models are nearly nonexistent on dealer lots.
Market Snapshot: Dow sinks about 500 points on ‘quad witching’ Friday, as investors focus on Bullard’s hawkish comments
U.S. stocks trade sharply lower Friday as investors sell assets in the wake of the Federal Reserve’s updated outlook for the economic recovery from COVID and inflation.
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