Sugar Prices Retreat on Long Liquidation Pressures
October NY world sugar #11 (SBV26) closed down -0.63 (-3.46%) on Friday, and October London ICE white sugar #5 (SWV26) closed down -9.90 (-1.89%).
Markets
Meta’s $18 billion settlement puts TikTok and YouTube on notice. Who's next on the firing line?
Meta's watershed social media trial just wrapped up in California, but now attention is shifting to the wider industry with TikTok, YouTube and Snap next on the firing line.
China’s CXMT starts LPDDR6 production, secures Xiaomi foldable phone deal
ChangXin Memory Technologies (CXMT) has cleared another key stage in the push toward next-generation mobile memory: industry sources reported August 1 that the Hefei-based chipmaker's first LPDDR6 chip, designed to run …
Sugar Prices Erase Early Gains as Real Strength Spurs Long Liquidation
October NY world sugar #11 (SBV26) is down -0.64 (-3.52%) today, and October London ICE white sugar #5 (SWV26) is down -13.20 (-2.52%).
OpenAI to end Cursor partnership after SpaceX acquisition
OpenAI will cut SpaceX-owned Cursor’s model access in November, citing Musk’s history of broken contracts.
Indian bank stocks show widest exchange price gap in decades
ALEXI HOROWITZ-GHAZI: On Wall Street, fortunes are often won and lost with the tiniest advantages. Like, can your firm find some brilliant trading strategy in some corner of the global market? Or can you keep it a secre…
Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves as the war with Iran roils the global crude trade, President Donald Trump announced Friday.
Arcutis director Terrie Curran sells $956k in shares
Arcutis Biotherapeutics, Inc. (ARQT) received a notice under Rule 144 that Terrie Curran intends to sell restricted common stock through Merrill Lynch. The notice covers 38,200 shares of common stock with an aggregate m…
Corn Pushes Gains into the Weekend as Specs Expand Length
Corn futures held onto the Friday gains into the close, with contracts settling 1 to 4 cents higher. September rallied 28 ¼ cents on the week, with December 28 cents. The CmdtyView national average Cash Corn price was b…
Hogs Rally into the Weekend
Lean hog futures were 90 cents to $1.27 higher to close Friday, with October up $1.02 on the week, led by the Friday strength. USDA’s national base hog price was at $89.57 in the Friday PM report, down 19 cents from the…
Cotton Sees Profit Taking Pressure to Close the Week
Cotton futures faced pressure to close the week with Friday losses of 19 to 114 points across the board. December still held up for a weekly gain of 303 points. Crude oil was down 9 cents per barrel, with the US dollar …
Soybeans Rally with the Products on Friday
Soybeans posted 14 to 30 cent gains across most contracts on the Friday session. September was up 51 ¼ cents on the week, as November rallied 48 ½ cents. The cmdtyView national average Cash Bean price was up 20 1/2 cent…
Cattle Face Friday Pressure to Close Week of Losses
Live cattle futures faced weakness on Friday, with contracts down 45 cents to $1.30, as October fell $6.20 on the week. Cash trade picked up later on Friday with $222 sales surfacing across the country. The Friday morni…
Stocks Fall as Hawkish Warsh Boosts Fed Rate Hike Chances
The S&P 500 Index ($SPX) (SPY) closed down by -0.25% on Friday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.70%. E-mini S&P futures (ESU…
Hawkish Fed Chair Warsh Boosts the Dollar and Sinks Gold
The dollar index (DXY00) rallied to a 2-week high on Friday and finished up by +0.61%. The dollar jumped on Friday on hawkish comments from Fed Chair Warsh, who warned inflation isn’t meaningfully slowing and vowed that…
Microsoft’s stock seals its longest winning streak of the year as AI software fears fade
Microsoft’s software offers capabilities that will be critical for AI, one analyst notes.
Trump loses bid to transfer New York hush money case to federal court
A federal judge on Friday rejected an effort by President Donald Trump to transfer to federal court the New York state criminal hush money case that ended with his conviction.
Mark Walter's insurer Delaware Life sees two banks pause sale of its products amid probes
Two banks have paused selling products of Mark Walter's Delaware Life amid concerns of federal probes into how the insurer's parent company reported about $20 billion in assets that were affiliated with other entities c…
Bessent attacks Warren over yen intervention query, offers ‘Foreign Exchange for Dummies’ lesson
Treasury Secretary Scott Bessent unleashed a scathing personal attack on Sen. Elizabeth Warren Friday, accusing the Massachusetts Democrat of misunderstanding foreign exchange markets while leaving several of her questi…
Corn and wheat prices jump to highest prices in more than three years
Corn and wheat prices have surged to their highest levels in more than three years. But the forces driving recent rallies for these two crops are notably different.
Stock traders warm up to Warsh as volatility index touches year-to-date low
If Federal Reserve chair Kevin Warsh wanted to put the bond market on alert, he certainly got his wish Friday: odds of an interest-rate hike by the central bank in its September meeting jumped to nearly 60 percent after…
Apple hikes subscription prices for Apple TV and Apple One in the U.S.
Apple on Friday increased the monthly price of Apple TV, its streaming service, to $14.99, or $119 per year. It was previously $12.99 per month, or $99 per year.
2-year Treasury yield jumps as Warsh says Fed may 'have work to do'
Treasury yields at the short end of the curve spiked while those on the long end edged lower after Federal Reserve Chairman Kevin Warsh said in a keynote address in Jackson Hole, Wyoming that the central bank still has …
Analysis: Kevin Warsh sharpens inflation warning at Jackson Hole, signaling possible rate hike
Federal Reserve Chairman Kevin Warsh used his Jackson Hole speech Friday to answer critics of his muddled July press conference, delivering a clearer warning that stubborn inflation could push the Fed toward a rate hike.