FMP
Jun 19, 2025 7:04 AM - Parth Sanghvi
Bitcoin extended a narrow trading range on Thursday, rising 0.1% to $104,900 at 05:20 ET (09:20 GMT), as geopolitical uncertainty over U.S. involvement in the Israel‑Iran conflict and hawkish Federal Reserve remarks kept traders cautious. Market Overview: Rangebound with Caution Over the past ...
Jun 19, 2025 7:04 AM - Parth Sanghvi
Most deals at this year’s Paris Air Show have gone to Airbus, as Boeing’s presence was muted by last week’s deadly Air India 787 crash. Airbus Soars While Boeing Stagnates Airbus Orders: Secured 148 firm orders worth $14.2 billion plus 102 provisionals at $6.7 billion, including a landmark 10‑...
Jun 19, 2025 7:03 AM - Parth Sanghvi
Natural gas underpins 85% of Iran’s and 70% of Israel’s power generation mix, making regional energy assets highly vulnerable amid rising Israel‑Iran hostilities, according to JPMorgan. Iran’s Gas Exports Face Heightened Threat Third‑Largest Producer: Iran exports via pipelines to Turkey and I...
Jun 19, 2025 7:02 AM - Parth Sanghvi
Market Snapshot: S&P 500 Flat as Futures Drift U.S. equities closed largely unchanged on Wednesday after the Federal Reserve held rates at 4.25–4.50%, with: S&P 500: 0.0% Nasdaq Composite: +0.1% Dow Jones Industrial Average: −0.1% Investors are bracing for Thursday’s Juneteenth holida...
Jun 19, 2025 7:01 AM - Parth Sanghvi
Gold prices retreated in Asian trading Thursday, weighed down by a hawkish Federal Reserve and a stronger U.S. dollar. At the same time, platinum prices hit their highest level in over a decade, driven by tightening supply and robust demand. Spot Gold was down 0.5% at $3,353.92/oz, while Gold ...
Jun 19, 2025 7:01 AM - Parth Sanghvi
Amazon.com Inc (NASDAQ:AMZN) is requiring thousands of corporate employees to relocate closer to team hubs such as Seattle, Arlington (VA), and Washington DC, sparking fresh unease among staff, Bloomberg reported. What’s Happening? The relocation mandate is being communicated individually, not...
Jun 19, 2025 7:00 AM - Parth Sanghvi
U.S. President Donald Trump on Wednesday endorsed the GENIUS Act, a newly approved Senate bill that aims to create a regulatory framework for stablecoins—digital assets pegged to fiat currencies like the U.S. dollar. What Is the GENIUS Act? The GENIUS Act introduces: Reserve requirements fo...
Jun 19, 2025 7:00 AM - Andrew Wynn
Gilead Sciences (NASDAQ:GILD) is a biopharmaceutical company known for its innovative treatments in areas such as HIV, liver diseases, and cancer. The company has a strong presence in the pharmaceutical industry, competing with other major players like Pfizer and Merck. Gilead's stock is currently t...
Jun 19, 2025 6:59 AM - Parth Sanghvi
Tesla Inc. (NASDAQ:TSLA) is facing pressure from Texas Democratic lawmakers to delay its robotaxi rollout in Austin until new autonomous vehicle regulations take effect on September 1, 2025. What's Happening Tesla CEO Elon Musk announced plans to launch a limited robotaxi service—starting with...
Jun 19, 2025 6:59 AM - Parth Sanghvi
HSBC now expects the U.S. Federal Reserve to cut interest rates three times between September 2024 and March 2025, citing persistent inflation above the Fed’s 2% target and growing economic uncertainty. HSBC's Updated Rate Cut Timeline The bank forecasts: September 2024: First 25-basis-poin...
Jun 19, 2025 6:59 AM - Parth Sanghvi
Asian stock markets fell sharply on Thursday, with Japan’s Nikkei and Hong Kong’s Hang Seng leading regional losses. The decline came amid heightened geopolitical risks following reports that the U.S. is preparing for a potential strike on Iran, and fresh concerns around inflation stemming from U.S....
Jun 19, 2025 6:58 AM - Parth Sanghvi
The Federal Reserve kept interest rates unchanged for a fourth consecutive meeting on Wednesday, while issuing a more cautious economic outlook that suggests stagflation risks are now squarely on the table. The FOMC maintained the federal funds rate at 4.25% to 4.50%, as the central bank navigates a...
Jun 19, 2025 6:58 AM - Parth Sanghvi
Bank of America’s latest data shows the European Composite Macro Indicator (CMI) advanced in June, extending the continent’s Recovery-style cycle for the 16th straight month — the longest such phase on record. This signals a prolonged macroeconomic rebound favoring risk-on equity styles, despite ong...
Jun 19, 2025 6:57 AM - Parth Sanghvi
Industrial Metal Prices Recover, but Divergence Persists Industrial metals have clawed back over half of their late‑March sell‑off, edging into positive territory year‑to‑date once adjusted for dollar weakness. Yet performance varies widely: Copper has been the clear outperformer, buoyed by su...
Jun 19, 2025 2:00 AM - Danny Green
Commercial Metals Company (NYSE: CMC) is a prominent player in the steel and metal industry, known for its production and recycling of steel and metal products. The company is set to release its third-quarter earnings on June 23, 2025. Analysts expect earnings per share (EPS) to be $0.75, with proje...
Jun 19, 2025 12:00 AM - Tony Dante
Carnival Corporation (NYSE:CCL) is a major player in the cruise industry, known for its extensive fleet and diverse travel offerings. As the company prepares to release its quarterly earnings on June 24, 2025, analysts are keenly observing its financial performance. The expected earnings per share (...
Jun 18, 2025 11:00 PM - Tony Dante
Smith & Wesson Brands, Inc. (NASDAQ:SWBI) is a well-known U.S. firearm manufacturer. The company recently reported its financial results for the fourth quarter and full fiscal year 2025, which ended on April 30, 2025. Despite its strong market presence, SWBI's earnings per share (EPS) of $0.20 fell ...
Jun 18, 2025 7:00 PM - Tony Dante
Gorilla Technology Group Inc. (NASDAQ: GRRR) is a prominent player in the technology sector, specializing in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology. The company is known for its AI-powered security and infrastructure solutions, which have positioned it...
Jun 18, 2025 6:00 PM - Danny Green
CarMax, Inc. (NYSE:KMX) is a leading retailer of used vehicles in the United States. The company operates through two segments: CarMax Sales Operations and CarMax Auto Finance. CarMax Sales Operations is responsible for selling used vehicles, while CarMax Auto Finance provides financing options to c...
Jun 18, 2025 5:00 PM - Danny Green
On June 18, 2025, UBS updated its rating for Jabil Inc. (NYSE:JBL) to a Neutral grade, maintaining a hold action. At the time, the stock price was $204.61. This update came after a report from Benzinga titled "Jabil Analysts Boost Their Forecasts After Upbeat Earnings." Jabil is a global manufacturi...