(Bloomberg) — The stock market: buckling under the hottest inflation since 1981, battered by a historically aggressive bid to break it. Making matters worse is that bonds are beckoning as well. American equities plunged to the worst week since January after data showed US price pressures hit a fresh 40-year high in May, squashing hopes […]
Read More(Bloomberg) — US Treasuries tumbled, sending 2-year yields surging by the most since 2009, after an unexpected jump in inflation increased speculation the Federal Reserve will need to raise interest rates more aggressively over the next few months. The surge in consumer prices in May to a fresh four-decade high surprised investors who were looking […]
Read MoreCTI BioPharma Corp., a biopharmaceutical company, focuses on the acquisition, development, and commercialization of novel targeted therapies for blood-related cancers in the United States. It offers VONJO (pacritinib), an investigational oral kinase inhibitor with specificity for JAK2, FLT3, IRAK1, and CSF1R for the treatment of adult patients with myelofibrosis. CTIC $5.9500 -0.1300 % -2.1400 Cti […]
Read MoreSandRidge Energy, Inc. (SD) SandRidge Energy, Inc. engages in the acquisition, development, and production of oil and natural gas primarily in the United States Mid-Continent. As of December 31, 2021, it had an interest in 817.0 net producing wells. Rattler Midstream LP (RTLR) Rattler Midstream LP owns, operates, develops, and acquires midstream and energy-related infrastructure […]
Read More(Bloomberg) — When the nineties ended, an overvalued stock market took three long years to rid itself of its accumulated excess in what is now known as the dot-com crash. That a similar reckoning has needed just 14 months to play out now is a sign of how fast moving this market is — and […]
Read MoreSanderson Farms, Inc. (SAFM) Sanderson Farms, Inc., an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company sells ice-packed, chill-packed, bulk-packed, and frozen chicken primarily under the Sanderson Farms brand name to retailers. RCM Technologies, Inc. (RCMT) RCM Technologies, Inc. provides business and […]
Read MoreBuy Price: $52.65 or better Sell Price: TradersPro Sell Signal SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. […]
Read MoreThere are any number of dynamics that come to play in the markets at any given time, which means that the ebb and flow of a nation’s economic health can be tied to a variety of dynamics, including political and geopolitical shifts. That also includes social perceptions and changes, and as we have seen since […]
Read More(Bloomberg) — US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. The consumer price index increased 8.6% […]
Read More(Bloomberg) — Investors are putting billions of dollars into cash and stock funds as they seek protection from surging inflation. Cash saw the biggest inflows in six weeks at about $54 billion, while exchange-traded funds led additions of about $12 billion into equities in the week through June 8, according to Bank of America Corp. […]
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