Oil prices surged past $90 per barrel following renewed US strikes on Iran and Tehran's closure of the Strait of Hormuz to unauthorized vessels. This escalation threatens global oil supply, pushing Brent crude up 3.2% to around $91.40 and reversing earlier price drops after a truce ended. The conflict heightens inflation fears in the US, complicating the Federal Reserve's efforts to control prices and increasing expectations of a rate hike at the upcoming July meeting. Meanwhile, Bitcoin struggles as higher rates and geopolitical risks weigh on risk assets.
Wolfspeed remains a key player benefiting from AI demand but faces near-term financial and operational hurdles. The company needs around $800 million in revenue to break even on gross margin, yet current revenue is about $600 million. While increment...
Uniswap (UNI) has broken its downtrend, trading at $4.39, above both its 50-day and 200-day moving averages for the first time in months. This price is 59.8% below its 12-month high but 83.4% above its low, with strong trading volume supporting the r...
Rexford Industrial (REXR) is responding to challenges in the Southern California industrial real estate market by increasing its 2024 asset disposition goal to $2 billion and initiating a $1 billion share repurchase program. Despite reporting GAAP lo...
Mondelez International is rated a Buy due to its resilient performance, global scale, and attractive valuation that offers a solid margin of safety. The company continues to lead in core snacks and emerging markets, aiming to become the top global ch...
Argo Graphene Solutions Corp. has amended its private placement terms, reducing the unit price from $1.00 to $0.80 to raise up to $1 million, with an option to increase to $1.2 million. The funds will support the commercialization of its STREAM™ grap...
