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Commodities
Trump's copper tariffs pile more metal misery on US auto industry
Planned copper tariff seen raising costs for US auto industryCarmakers may pass import tax costs to consumersUS metals prices have soared; US heavily reliant on importsCopper tariff could be short-lived due to inflation concerns, some analysts sayBy Nick Carey and Nora Eckert LONDON/DETROIT, July...Reuters
Fri, Jul 11
Other
Fate of US disaster relief agency FEMA still being discussed
July 11 (Reuters) - U.S. President Donald Trump's administration has no immediate plans to abolish the Federal Emergency Management Agency amid ongoing discussions about the disaster relief agency's future, the Washington Post reported.No official action was being taken to wind down FEMA and...Reuters
Fri, Jul 11
Stocks
Kraft Heinz climbs on WSJ report of potential spinoff
** Shares of packaged food maker Kraft Heinz KHC.O climb 3.7% to $27.45** Co is weighing spinning off a large chunk of its grocery business, the Wall Street Journal reports, citing people familiar with the matter** Spun-off entity could be valued at up to $20 billion, report says** Stock has lost ~ ...Reuters
Fri, Jul 11
Cryptocurrencies
Apple and Meta file appeals against EU decision
Meta, the parent company of Facebook and Instagram, is not expected to make any more changes to its controversial “pay-or-consent” advertising model, despite the growing threat of daily fines and further antitrust charges from European regulators, according to sources familiar with the situation. Last month, the European Commission raised concerns over Meta’s compliance with the […]Cryptopolitan
Fri, Jul 11
Other
U.S. RESEARCH ROUNDUP-Core Scientific, Phillips 66, Starbucks
July 11 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Core Scientific, Phillips 66 and Starbucks, on Friday. HIGHLIGHTS * Core Scientific Inc CORZ.O: Macquarie cuts to neutral from outperform * Fb Financial Corp ...Reuters
Fri, Jul 11
Stocks
U.S. STOCKS ON THE MOVE-AeroVironment, Civista Bancshares, Meta
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8The S&P 500 and the Dow fell on Friday and were headed for a downbeat week as President Donald Trump ramped up his tariff offensive against Canada, amplifying the uncertainty swirling ar...Reuters
Fri, Jul 11
Commodities
Chevron says Mars crude quality changes associated with start-up of a new well
HOUSTON, July 11 (Reuters) - Chevron CVX.N on Friday said changes to the composition of Mars offshore crude oil were associated with the start-up of a new offshore well. The oil major said it was working to resolve issues and it does not expect an impact to current production guidance.Reuters
Fri, Jul 11
Commodities
Braskem: Aware Of Media Reports About Proposed Lawsuit Related To Alagoas Case
July 11 (Reuters) - BRASKEM BRKM5.SA:IT IS AWARE OF MEDIA REPORTS ABOUT A PROPOSED LAWSUIT SEEKING 4 BILLION REAIS IN COMPENSATION RELATED TO ALAGOAS CASE - STATEMENTIT HAS NOT BEEN SUBPOENAED - STATEMENTReuters
Fri, Jul 11
Cryptocurrencies
Trump’s planned levies on Asian partners may do less damage
In a Thursday briefing, Goldman Sachs analysts suggested that President Donald Trump’s proposed levies on Asian trade partners might prove less harmful to local markets than many had anticipated. They added that although these duties are likely to leave a lasting mark, they might simultaneously enhance investors’ outlook, as reported by Business Insider. “The fundamental […]Cryptopolitan
Fri, Jul 11
Other
Kraft Heinz Is Preparing To Break Itself Up - WSJ
July 11 (Reuters) - Kraft Heinz Co KHC.O:KRAFT HEINZ IS PREPARING TO BREAK ITSELF UP - WSJKRAFT HEINZ EYEING SPINNING OFF LARGE CHUNK OF GROCERY BUSINESS INTO NEW ENTITY THAT COULD BE VALUED AT AS MUCH AS $20 BILLION ON ITS OWN - WSJSource text: https://on.wsj.com/44DRNrCReuters
Fri, Jul 11
Stocks
Why Nike Stock Dropped on Friday
Key PointsNike announced yesterday it will replace the CEO of its Converse brand.Nike sales sank 10% last year, and its Converse sales fell twice as fast. Nike's earnings shrank by 44% last year, yet the stock costs more than 30x earnings.10 stocks we like better than Nike › Shares of shoes and spor...The Motley Fool
Fri, Jul 11
Commodities
GRAINS-Corn sets contract lows on expectations for big US crop
Traders focus on favorable US crop weatherUSDA report keeps corn, soy yield estimates steadyUS soy carryout tops average estimate for 2025-26By Tom Polansek CHICAGO, July 11 (Reuters) - Chicago Board of Trade corn futures set contract lows and soybean futures sagged on Friday on expectations that...Reuters
Fri, Jul 11
Commodities
US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says
By Scott DiSavino July 11 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time since July 2020 when the COVID-19 pandemic cut demand for the fuel, energy services firm Baker Hughes BKR.O said in its closely follo...Reuters
Fri, Jul 11
Cryptocurrencies
Shiba Inu (SHIB) vs Mutuum Finance (MUTM): Which is the Next Crypto to Hit $1?
Investors are eyeing this face-off between a seasoned meme giant and a rising DeFi powerhouse, with July heating up and crypto bulls sniffing out the top tokens to buy before summer ends. While Shiba Inu continues its slow grind, Mutuum Finance (MUTM) is stealing the spotlight, quietly gaining traction as possibly the best crypto to […]Cryptopolitan
Fri, Jul 11
Stocks
Why XRP Skyrocketed This Week
Key PointsXRP surged this week, boosted by Bitcoin's new all-time high. Ripple Labs CEO Brad Garlinghouse testified before the Senate Banking Committee, advocating for clearer regulatory guidelines10 stocks we like better than XRP › XRP (CRYPTO: XRP) is on the rise this week, up 25.3% from last Thur...The Motley Fool
Fri, Jul 11
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