29Jun2021 Pre-Market Commentary: Wall Street To Open Near The Unchanged Line, DOW Up 81 Points, Nasdaq Down 0.2%, US Dollar Higher 92.14, Bitcoin Rises 35900, Dogecoin $0.27

Here is the current market situation from CNN Money

European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.

Iran Is Increasingly Likely To Accept A New Nuclear Deal

A number of false assumptions have continued to cloud the coverage of the ongoing re-negotiation between the U.S. and Iran of a new iteration of the Joint Comprehensive Plan of Action (JCPOA) nuclear deal from which Washington unilaterally withdrew in May 2018. The most pertinent one particularly after the election of new president Ebrahim Raisi in Iran on 18 June is the false premise that politicians in Iran can be characterised as moderate or hardline. It is not

Could This Be One Of The Best Ways To Play The EV Boom This Summer?

Some say that car ownership wont be a thing of the future. The future is electric And it could be much more than that. Its about on-demand cars, virtual showrooms, and an end to insurance, maintenance and commitment. This is where we get super clean and wildly convenient. EV sales broke just about every previous EV record in 2020, even in the middle of a pandemic. EV sales soared by over 40%, while overall car sales dropped by 14%. And were just getting started and now theres another potential huge disruptor.

5 Must-Watch Energy IPOs This Year

After a brief hiatus on reports that OPEC+ is pondering another production hike starting in August, oil prices have resumed their march higher after U.S. crude supplies fell for the fifth straight week. Brent prices have pushed past $75/bbl for the first time in two years as U.S. inventories fall by 7.6M barrels to post a fifth straight weekly decline after EIA reported that U.S. crude inventories fell by 7.6M barrels during the week ending June 18, 2021. That works out to 224,000 fewer barrels per day than the previous week’s average. Wall Street

Why Lithium Prices Could Soon Return To Record Highs

Lithium producers are adding new production capacity to meet booming demand for the critical metal as the world pushes for greener energy. Suppliers of the key mineral have turned quite optimistic this year that global demand for lithium will soar in the coming decades with the increased uptake of electric vehicles (EVs) and battery storage. Surging demand is set to drive lithium prices higher, lithium producers say in an outlook on the industry that turned decisively bullish this year. One of the largest lithium suppliers in

President Bidens Pipeline Paradox

That action on climate change would be the top priority for the Biden administration became obvious on the campaign trail. That other priorities of an even more political nature might occasionally trump it was not so obvious then. It is only now that some of these realities are beginning to emerge, with seemingly inconsistent action on projects such as Gazprom’s Nord Stream 2 and TC Energy’s Keystone XL. When earlier this year the Biden administration lifted some sanctions on German entities involved in the Nord Stream 2 project, it caused shocked

U.S. Warns Gulf Allies: Don’t Normalize Relations With Assad

For the past couple months there’s been persisting reports and rumors thatSaudi Arabia is preparing to restore diplomatic ties and normalized relations with the Syrian governmentunder Bashar al-Assad, coming off a decade of war in which the Saudis spearheaded efforts alongside the US and other allies to topple him. Aswe detailed in early Maythefirst major step toward detente came when Saudi Arabia’s powerful intelligence chief, Gen Khalid Humaidan, traveled to Damascus to meet with his Syrian counterpart. The two sides

Walmart unveils low-price insulin as more patients with diabetes struggle to pay for drug

The nation’s largest retailer is bringing its focus on “everyday low price” to a diabetes drug that has soared in cost and drawn scrutiny from lawmakers.

Abu Dhabi will bar unvaccinated people from nearly all public places, schools

The sweeping entry restrictions will apply to venues including shopping centers, restaurants, gyms, theme parks, cultural spots and resorts.

Young, unvaccinated, over-50 or just had one dose? You’re most at risk from the Covid delta variant

Data has been released in England showing just how far the delta variant has spread ” and which groups are most vulnerable to the mutation.

United Airlines unveils 270-jet Boeing and Airbus order, its largest ever, for post-Covid growth plan

United Airlines unveiled its largest-ever aircraft order: 270 narrow-body jetliners from Boeing and Airbus as the carrier charts its post-pandemic growth.

Why some of the world’s biggest companies are increasingly worried about water scarcity

Major companies from across a range of sectors are increasingly concerned about the cost and availability of the world’s ultimate renewable resource: water.

Kylian Mbappe: France striker says sorry for penalty shootout miss against Switzerland that led to Euro 2020 exit

France forward Kylian Mbappe has apologized for missing the decisive penalty in Monday’s 5-4 shootout loss to Switzerland.

Microsoft among deals that helped NBA set record $1.46 billion in sponsorship revenue

The NBA added 13 new deals including, Microsoft, during its 2020-21 season, according to IEG, a partnership and valuation consultancy firm.

India’s new loan guarantees may have limited impact on the Covid-hit economy

India announced a slew of measures on Monday to support its Covid-struck economy, which includes providing loan guarantees of around $35 billion.

South Korea aims for a post-Covid comeback, hopes to achieve herd immunity

South Korea plans to open up its economy and work on travel bubble programs given its relative success in controlling Covid-19, its deputy prime minister said.

Investors should wait longer before buying the latest Boeing dip, Jim Cramer says

“If you like Boeing, please keep your powder dry. I think you can get a better chance to buy it at lower levels,” the “Mad Money” host said.

Get as many Didi shares as you can after the Chinese ride-hailing giant goes public, Jim Cramer says

“If you want to speculate on a Chinese IPO, you’ve got my blessing to bet on Didi,” the “Mad Money” host said.

Etsy CEO bets on e-commerce growth in Brazil with $217 million Elo7 deal

“The opportunity for Brazil’s e-commerce sector to grow faster than the U.S. … is very meaningful over time,” Etsy CEO Josh Silverman said of the $217M deal.

EasyJet CEO urges U.K. to further ease European travel restrictions in ‘a safe way’

The CEO of U.K.-based airline EasyJet is urging the U.K. government to safely reopen European travel.

Fed Governor Compares Digital Currencies To Parachute Pants And Bitcoin To Gold

Fed Governor Compares Digital Currencies To Parachute Pants And Bitcoin To Gold

Authored by Mike Shedlock via MishTalk.com,

The Fed’s Vice Chair for Supervision comments on Central Bank Digital currencies. Let’s tune into the debate.

Parachute Pants and Central Bank Money

Speaking for himself and not the Fed, the Vice Chair for Supervision, Randal K. Quarles, comments on Parachute Pants and Central Bank Money.

I have been reflecting recently, and in connection with this speech, on America’s centuries-long enthusiasm for novelty.

Sometimes the consequences are in hindsight merely puzzling or embarrassing, like that year in the 1980s when millions of Americans suddenly started wearing parachute pants. But the consequences can also be more serious.

Which brings us to my topic today: central bank d …

White House Defends Olympians “Protesting” Anthem As GOP Leaders Urge Ban On “Activist Athletes”

White House Defends Olympians “Protesting” Anthem As GOP Leaders Urge Ban On “Activist Athletes”

Amid a growing list of examples of US Olympians using the spotlight for “activism” when it comes to respect or lack thereof shown toward the American flag or anthem, we earlier predicted there’s very likely more to come as the games soon kick off in Tokyo. This is especially likely now that the White House has weighed in to defend Gwen Berry, who will represent the US in the hammer throw at the summer games.

On Monday Fox News’ Peter Doocy raised the issue with the Biden White House of athletes using moments like the playing of the national anthem to “protest” before a global audience. “This weekend, Gwen Berry who is supposed to represent the United States as an Olympian on the hammer throwing events won a bronze medal at the Trials, and then she turned her back on the flag while the anthem played,” he questioned press secretary Jen Psaki. “Does President Biden think that is appropriate behavior for someone who is supposed to represent Team USA?”

Futures Rise To Record Despite Rising Delta Strain Jitters

Futures Rise To Record Despite Rising Delta Strain Jitters

Global stocks were mixed and US futures edged to new all time highs as concerns over the Delta strain of Covid-19 spurred caution among investors. At 7:00 a.m. ET, Dow e-minis were up 46 points, or 0.13%, S&P 500 e-minis were down 1 points, or 0.02% after topping a new all time high of 4,283 earlier, and Nasdaq 100 e-minis were down 13 points, or 0.09%. The dollar strengthened and treasuries were steady while oil slipped and gold headed for the biggest monthly drop in more than four years.

While sentiment remains buoyant, investors are growing concerned by the latest evolution of the Delta variant, which is increasingly seen as a growing threat to the ongoing economic recovery in many areas, said Pierre Veyret, a technical analyst at ActivTrades. Even if the economic impact is œunlikely to be significant in developed countries, œthe inconsistency in vaccination campaigns in other parts of the world is likely to lead to an uneven recovery, he said.

Others echoed this sentiment: œThe Delta …

South African Court Sentences Former President Zuma To 15 Months For Snubbing Corruption Probe

South African Court Sentences Former President Zuma To 15 Months For Snubbing Corruption Probe

Five decades have passed since former South African President Jacob Zuma was last imprisoned – he served a 10-year-term at the notorious jail at Robben Island alongside the ANC’s revolutionary leader Nelson Mandela – but pretty soon, he’ll find himself inside a jail cell once again as South Africa’s Constitutional Court again sentenced him to 15 months in prison for contempt of court.

Zuma must now turn himself in within five days. Should he refuse, South African police will be ordered to “take all steps necessary” within three days to ensure that he’s imprisoned – otherwise the former president will essentially be openly flouting the country’s courts, dealing a major blow to the government’s credibility.

Acting Chief Justice Sisi Khampepe issued a forceful ruling, ordering a prison term because it would be “the only appropriate sanction” after Zuma repeatedly refused to appear when summoned for hearings at South Africa’s Constitutional Court. The court was responsible for overseeing an investigation …

Firms urged to give staff time off for England game

Sir Keir Starmer says workers should be allowed to finish work early to watch England play Germany.

Brewdog: Watchdog urged to probe solid gold can prize claim

The brewery company could be in hot water as winners dispute the value of the “solid gold” beer cans.

Makeup firm Revolution Beauty plans share sale

The move comes eight years after the firm behind brands such as Makeup Revolution was founded.

Jhunjhunwala, top funds hold this stock. Yet, it goes abegging below book value

At Rs 87 apiece on Tuesday, the stock traded at 1.08 times book value compared with 5.39 times for bigger peer Kotak Mahindra Bank, 4.08 times for HDFC Bank and 3.05 times for ICICI Bank. Select brokerages find the bank’s valuations inexpensive.

RedBird deal with Rajasthan Royals puts CSK back in spotlight

According to dealers of unlisted market, the deal is likely to have a rub-off effect on CSK’s valuation and the stock price has already shot up as much as 20-30 per cent just in a few days and the sellers have stashed.

Chalet Hotels scouting for Covid-hit distressed assets

œWe certainly want to expand into the leisure side of the business. We don’t have a leisure asset, Sanjay Sethi, Chalet Hotels’s chief executive officer said in a Bloomberg Television interview Tuesday.

What’s Worth Streaming: What’s worth streaming in July 2021: ‘Ted Lasso,’ the Tokyo Olympics and more

July’s streaming slate offers nothing too heavy, and is filled with laugh-out-loud comedies (like the return of “Ted Lasso”) and trashy, guilty-pleasure shows ” and the Summer Olympics.

: What’s next for the stock market’s ‘great rotation’ as ‘growth vs. value’ battle searches for direction?

Time in the sun was a long time coming for value stocks. Is growth already back in the driver’s seat.

In One Chart: Central bankers are talking more about inequality as debate rages whether they’re reducing or exacerbating the problem

There’s considerable debate around whether low interest rates are helping reduce inequality — by fostering economic conditions conducive to hiring — or exacerbating them, by stoking asset prices that tend to be owned by the wealthy in the first place.