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Cotton futures are trading with 5 to 15 point gains, with July the exception, down 25 points at midday. The US dollar index is down $0.106 at $99.94. Crude oil us up 79 cents so far on the day.Weekly CFTC data showed spec funds trimming 1798 contracts from their net long and cotton futures and options as of June 2, taking that position to 52,402 contracts. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.   The Seam reported sales on 1,311 bales on June 5 at an average of 74.00 cents/lb.…

On this episode of Stock Movers with Alexis Christoforous: – Shares of The Campbell’s Company (CPB) edged higher ahead of the US market open after the canned soup maker reported adjusted earnings per share for the third quarter that beat the average analyst estimate. – Eli Lilly (LLY) shares gained in the early session following obesity drug presentations at the American Diabetes Association conference. Citi analysts say their conviction on Lilly is firmly intact, given the company’s incretin portfolio is “not built around singular blockbusters.” – Shares of Marvell Technology (MRVL) and Flex (FLEX) are rising in premarket trading as…

Analysis-Prabowo’s populist policies propel a ’doom-loop’ in Indonesian markets

Bitcoin’s brief weekend rally lost its footing as a sudden resumption of military hostilities between Israel and Iran triggered a broad rotation away from risk-on investments.The geopolitical escalation, which defied explicit diplomatic pressure from Washington, sent global energy benchmarks surging and equity markets lower, leaving BTC to defend a highly fragile $60,000 baseline.Data from CryptoSlate showed that Bitcoin retreated to approximately $63,316 as of press time, after reaching an intra-day high of $64,128 during a weekend short squeeze.Bitcoin Price Performance in the Last 24 Hours (Source: Tradingview)This reversal underlines the crypto market vulnerability to a mix of institutional deleveraging, fatigue…

“I’ve been to many shows, operas, big parties and fundraisers.”

Indonesia is discussing carve-outs from sweeping new export controls that could allow commodity traders to sidestep all or part of the rules in exchange for investments in the country and joint ventures with a newly established state body.

“Our homes are 20 miles apart, and he still drives back and forth almost daily.”

The percentage of credit card balances that were at least 90 days delinquent rose to 13.12% in the first quarter of this year, according to data released in May by the Federal Reserve Bank of New York. As the Wall Street Journal reported: “That’s the highest level in 15 years, and the most since the period following the 2008 financial crisis.” The report went on to highlight cases of individuals drowning in too much credit card debt.There’s no argument that this is a concern. Delinquent credit card balances are rising. And some people are struggling. But are Visa and Mastercard…

It was an extremely painful week for the spot Bitcoin ETFs, as the outflows skyrocketed to new anti-record. The spot exchange-traded funds tracking the world’s largest cryptocurrency are typically a solid sign of how the underlying asset’s price performs, unlike some of the altcoins. As such, it’s perhaps no surprise that, in the past week, in which BTC plummeted to a 19-month low, they experienced massive net outflows. The worst on record. Bitcoin ETFs Bled Out Heavily Data from SoSoValue paints a clear and painful picture. The Bitcoin ETFs have been deep in the red for four consecutive weeks,…

Key PointsSince the artificial intelligence (AI) arms race kicked off in 2023, Nvidia’s (NASDAQ: NVDA) stock has risen nearly 1,400%. That’s a huge run that has made it the world’s largest company, leaving many investors worried that they missed out on one of the biggest winners of their lifetimes.However, I don’t think that’s the case. While Nvidia isn’t going to deliver another 1,000% run anytime soon (it likely won’t at all), I’m still confident that it can deliver strong, market-crushing returns.Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an…