A bearish “death cross” has appeared in the daily chart of the 10-year Treasury yield, to reflect the end of the longest bullish stretch by one technical metric in more than 30 years. And there’s reason to believe the yield will fall even further this year before the secular uptrend…
Two years ago, I wrote about Rimac Nevera, currently the world’s second-fastest electric vehicle. At that time, Rimac Automobili’s all-electric, $2.1 million hypercar had just set a new standard for EV performance, achieving a top speed of 258 mph and a 0-to-62mph time of just 1.85 seconds. With its 120kWh,…
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Walt Disney Co. shares declined in after-hours trading Wednesday following an earnings report that showed Disney+ subscribers declining in recent months, as executives seek to cut losses in the streaming business. Disney DIS reported fiscal second-quarter net earnings of $1.27 billion, or 69 cents a share. After adjusting for restructuring…
Wheat futures have declined so far in 2023, after settling last week at their lowest prices in more than a year, pressured by “abundant” supplies, despite the usual uncertainty surrounding the potential renewal of the Black Sea grain export deal between Russia and Ukraine. The Black Sea Grain Initiative, brokered…
Cannabis stocks have scored a boost from optimism around Thursday’s hearing on a bill that would protect banks that work with the industry, but some analysts are downbeat on the SAFE Banking Act’s chances of becoming law. “We believe the cannabis banking effort faces an uphill climb in this Congress,…
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Is there a new “it” dog breed? That might be the question some are asking now that Buddy Holly, a petit basset griffon Vendéen, took home the top prize at the Westminster Kennel Club dog show on Tuesday. It marked the first time a dog representing the hound-type breed, which…
Personal assistants such as Alexa and Siri are being offered by the biggest names in technology, and Morgan Stanley analysts said Wednesday that one company should be favored to take a big chunk of that market as artificial intelligence adds to their capabilities. Morgan Stanley analysts think Alphabet Inc.’s GOOG…
Walt Disney Co. will increase the cost of ad-free Disney+ subscriptions this year while adding Hulu content to the Disney+ streaming service and removing some shows from streaming entirely, executives announced Wednesday. Disney DIS executives have been making changes to their streaming strategy in an attempt to lose less money…