U.S. Treasury Secretary Scott Bessent faces a major test of his economic diplomacy this week as he urges finance officials from the major G20 economies to curb worldwide trade imbalances, stimulate growth, and eliminate commercial ties with Iran, while simultaneously attempting to soothe anxiety surrounding climbing U.S. debt and bond yields. According to reporting from … Read more
Corn and wheat prices have surged to their highest levels in more than three years amid tightening U.S. supplies, extreme weather, and escalating geopolitical tensions in the Black Sea region, according to recent market data. Wheat Futures Surge on Black Sea Export Disruption and Regional Tensions Wheat futures settled 3.1% higher at 784 cents per … Read more
According to the CNBC Investing Club with Jim Cramer, markets moved higher with the S&P 500 up about 0.75% and the Nasdaq gaining roughly 1.5%, driven largely by strong corporate earnings in the technology sector. However, the rally lacked broad-based participation, as technology stood as the only S&P 500 sector in the green while AI … Read more
Qantas Airways shares jumped 4% following full-year earnings reports and the unveiling of new business-class suites designed to capture rising demand for premium travel, according to CNBC and Fool.com.au. The Australian carrier reported an underlying profit before tax of A$2.06 billion ($1.48 billion) for the year ended June 30, while navigating a 13.8% year-on-year drop … Read more
Meta Platforms shares held onto slight gains following a proposed settlement with 52 state and U.S. territory attorneys general regarding social media addiction cases, according to the CNBC Investing Club with Jim Cramer. On Wednesday, markets remained largely unchanged as participants anticipated major technology earnings, while Treasury yields rose on the heels of a hotter-than-anticipated … Read more
President Donald Trump announced on Aug. 24, 2026, that the United States will raise tariffs on all cars, trucks, and automotive parts imported from Canada to 50% starting Jan. 1, 2027. The escalation follows the collapse of trade negotiations on Aug. 21 after Canada’s negotiators left Washington empty-handed following disputes over last-minute terms. Automotive Tariffs … Read more
Jim Cramer’s Charitable Trust is cutting its Broadcom position in half, selling 165 shares at roughly $361.27 to decrease portfolio exposure to artificial intelligence infrastructure amid rising political friction. According to portfolio disclosures, the trade reduces the trust’s AVGO weighting from 3% to about 1.5%, realizing a profit of approximately 323% on shares purchased in … Read more
Trading near $370, the stock sits well below consensus targets clustered in the low-to-mid $500s, maintaining a strong buy rating across the Street. Market participants have largely treated Broadcom as a pure networking play rather than recognizing its dual-engine model that also captures massive share in the semiconductor arena. AI Semiconductor Revenue Surges 143% Year-Over-Year … Read more
According to U.S. Central Command, the U.S. military has helped tankers transport more than 660 million barrels of crude oil through the Strait of Hormuz since early May, even as the security situation in the vital waterway remains contested. Military Escorts and Commercial Transit Volumes in Hormuz U.S. Navy Captain Tim Hawkins, a Central Command … Read more
Unitree Robotics is set to become the first humanoid robot manufacturer to list on China’s mainland, raising $900 million at a $9 billion valuation. The Hangzhou-based company priced its IPO at 150.8 yuan ($22.4) per share on the Shanghai STAR market. While the firm has seen record retail demand, investors and analysts remain divided on … Read more