21 Jun 2024 Market Close & Major Financial Headlines: Small Caps Open Lower, Nvidia Struggles, Dow Trades Closely Along The Unchanged Line, Markets Closed Mixed

Summary Of the Markets Today:

The Dow closed up 16 points or 0.04%,
Nasdaq closed down 0.18%,
S&P 500 closed down 0.16%,
Gold $2,335 down $34.10,
WTI crude oil settled at $81 down $0.65,
10-year U.S. Treasury 4.255 up 0.001 points,
USD index $105.82 up $0.23,
Bitcoin $64,193 down $648 or 1.00%,
Baker Hughes Rig Count: U.S. -2 to 588 Canada +6 to 166

*Stock data, cryptocurrency, and commodity prices at the market closing.

Click here to read our current Economic Forecast – June 2024 Economic Forecast: Our Index Marginally Weakened And There Is Another Indicator Warning Of A Recession

Today’s Economic Releases Compiled by Steven Hansen, Publisher:

Existing-home sales slightly declined in May 2024 as the median sales price climbed to a record high. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – year-over-year, sales waned 2.8%. The median existing-home price for all housing types in May was $419,300, the highest price ever recorded and an increase of 5.8% from one year ago ($396,500). I am surprised at the strength of the existing home market given the high mortgage rates which make home ownership unaffordable. NAR Chief Economist Lawrence Yun’s view:

Eventually, more inventory will help boost home sales and tame home price gains in the upcoming months. Increased housing supply spells good news for consumers who want to see more properties before making purchasing decisions. Home prices reaching new highs are creating a wider divide between those owning properties and those who wish to be first-time buyers. The mortgage payment for a typical home today is more than double that of homes purchased before 2020. Still, first-time buyers in the market understand the long-term benefits of owning.

The Conference Board Leading Economic Index® (LEI) for the U.S. decreased by 0.5 percent in May 2024 to 101.2 (2016=100), following a 0.6 percent decline in April. Over the six-month period between November 2023 and May 2024, the LEI fell by 2.0 percent—a smaller decrease than its 3.4 percent contraction over the previous six months. Per Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board:

The U.S. LEI fell again in May, driven primarily by a decline in new orders, weak consumer sentiment about future business conditions, and lower building permits. While the Index’s six-month growth rate remained firmly negative, the LEI doesn’t currently signal a recession. We project real GDP growth will slow further to under 1 percent (annualized) over Q2 and Q3 2024, as elevated inflation and high interest rates continue to weigh on consumer spending.

Here are some of headlines we are reading today:

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

The Market in Perspective

Here are the headlines moving the markets.
	Game-Changing Central Asian Railway Project Faces Setbacks The more officials from China, Kyrgyzstan and Uzbekistan try to provide clarity about a multi-billion-dollar railway project, the more it appears to be a case of putting the train before the track. Construction of the China-Kyrgyz-Uzbek railway had long been planned, but little done, mainly due to questions about financing. But in early June, the three countries’ leaders unveiled a construction consortium to build the route, asserting that all the pesky details had finally been hammered out. There was one problem, however: none of the three… Read more at: https://oilprice.com/Geopolitics/International/Game-Changing-Central-Asian-Railway-Project-Faces-Setbacks.html
	UK’s New 210 MW Docklands Datacenter Gets the Green Light London’s Royal Docks in Newham is set to house a new data centre, powering the rising demand for artificial intelligence (AI) in the capital. Ada Infrastructure, the data centre arm of GLP Capital Partners (GCP), has secured planning permission from the Newham Strategic Development Committee to develop a data centre campus in London’s Royal Docks, near the Excel centre. This 210 megawatt Docklands data centre will be one of the largest in the capital, featuring three 70 megawatt buildings and a community multi-purpose facility that… Read more at: https://oilprice.com/Energy/Energy-General/UKs-New-210-MW-Docklands-Datacenter-Gets-the-Green-Light.html
	Copper Market Rally Loses Steam as Demand Fails to Keep Up Via Metal Miner Overall, the Copper Monthly Metals Index (MMI) rose 3.48% from May to June. A short squeeze helped the price of copper peak at a new all-time high in late May, followed by a sharp downside correction. This resulted in an overall 3.7% rise from the close of April. CME copper prices then continued to retrace during the first half of June, wiping out all of May’s gains as they continued searching for a new bottom. Copper markets are constantly shifting. Get all of the latest updates on what you should anticipate in future copper… Read more at: https://oilprice.com/Metals/Commodities/Copper-Market-Rally-Loses-Steam-as-Demand-Fails-to-Keep-Up.html
	India’s Oil Imports Surge: Russia Hits Record High, Saudi Arabia Drops India’s oil imports from Russia reached an unprecedented high of approximately 2.1 million barrels per day (bpd) in May, driven by widening discounts on Russian oil due to decreased demand from China. This surge has pushed Russia’s share in India’s oil market to nearly 41%, solidifying its position as the top supplier to the world’s third-largest oil importer and consumer. Conversely, imports from Saudi Arabia plummeted to a 10-month low, attributed to Saudi Aramco’s decision to raise term prices for the second consecutive month in May. India’s… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Indias-Oil-Imports-Surge-Russia-Hits-Record-High-Saudi-Arabia-Drops.html
	U.S. Oil, Gas Drilling Activity Continues to Fall The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 2 to 588 this week, compared to 682 rigs this same time last year. The number of oil rigs fell by 3 this week, after falling by 4 in each of the two weeks prior. Oil rigs now stand at 485—down by 61 compared to this time last year. The number of gas rigs stayed the same this week at 98, a loss of 32 active gas rigs from this time last year. Miscellaneous rigs… Read more at: https://oilprice.com/Energy/Crude-Oil/US-Oil-Gas-Drilling-Activity-Continues-to-Fall.html
	Gas Flows to Sabine Pass LNG Export Plant Drop to 11-Month Low Natural gas flows to Cheniere Energy’s Sabine Pass LNG export plant in Louisiana are set to drop to the lowest levels in 11 months on Friday, adding to lower flows to other export facilities, which have weighed on U.S. benchmark gas prices this week. Natural gas flows to the Sabine Pass facility were on track to drop to 3.4 billion cubic feet per day (Bcf/?d) on Friday, down from 3.8 Bcf/?d on Thursday and an average of 4.1-bcfd over the prior seven days, per LSEG data cited by Reuters. Cheniere doesn’t have any planned pipeline… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Gas-Flows-to-Sabine-Pass-LNG-Export-Plant-Drop-to-11-Month-Low.html
	Houthi Attacks Elevate Insurance Rates for Commercial Vessels Iran-backed Houthi rebels have been intensifying missile and drone attacks, targeting commercial vessels in the southern Red Sea, critical Bab el-Mandeb chokepoint, and the Gulf of Aden. The rebels have even threatened to extend their reach to the Mediterranean Sea. The recent sinking of the Tutor dry-bulk carrier by a kamikaze drone boat marks a significant escalation. The ongoing turmoil has sent containerized freight costs soaring, along with insurance costs back on the rise. Bloomberg spoke with two individuals familiar with the maritime insurance… Read more at: https://oilprice.com/Energy/Energy-General/Houthi-Attacks-Elevate-Insurance-Rates-for-Commercial-Vessels.html
	Norway To Consider Developing Nuclear Energy Norway’s government appointed on Friday a committee tasked with considering whether the country should develop nuclear energy as an electricity source. Kristin Halvorsen, a former finance minister and currently director of the Center for International Climate and Environmental Research in Oslo, will lead the committee, which is set to deliver its report with the findings by April 1, 2026. Norway ditched the idea of nuclear as a power source in the 1970s, but it is now revisiting the idea. The issue of nuclear power in the… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Norway-To-Consider-Developing-Nuclear-Energy.html
	South Korea Warns Russia Over Military Pact with North Korea Russia’s Ambassador to Seoul, Georgy Zinoviev, was summoned to the South Korean Foreign Ministry on June 21 to protest a defense deal signed earlier this week by Russian President Vladimir Putin with North Korean leader Kim Jong Un. Putin and Kim signed a “comprehensive strategic partnership” on June 19 during the Russian president’s first visit in 24 years to the secretive Stalinist state, South Korea’s archfoe. Though full details of the deal are not known, the agreement calls for mutual assistance in the event of an attack by a third country… Read more at: https://oilprice.com/Energy/Energy-General/South-Korea-Warns-Russia-Over-Military-Pact-with-North-Korea.html
	India Seeks Tighter Regulatory Control Over LNG Import Terminals The Indian Petroleum and Natural Gas Regulatory Board (PNGRB) is considering increasing regulatory control over India’s LNG import terminals, which could slow investments in the sector due to the potentially tightened oversight. PNGRB has issued a draft proposal of new regulations which include certification of registration by PNGRB for each new LNG import project. Developers of terminals could face fines in case the start-up dates of their projects are delayed, Argus reports. Under the draft regulations, LNG project developers will… Read more at: https://oilprice.com/Latest-Energy-News/World-News/India-Seeks-Tighter-Regulatory-Control-Over-LNG-Import-Terminals.html
	EU Approves $3.2 Billion German Aid for Hydrogen Pipeline Network The European Commission has allowed Germany to grant $3.2 billion (3 billion euros) in state aid to support the construction of a pipeline system for hydrogen transportation. The European Commission said on Friday that it had approved, under EU State aid rules, the German scheme to support the construction of the Hydrogen Core Network (HCN). The network is expected to be the backbone of long-distance transport pipelines for hydrogen in Germany and part of the European hydrogen backbone connecting several EU member states. The German state… Read more at: https://oilprice.com/Latest-Energy-News/World-News/EU-Approves-32-Billion-German-Aid-for-Hydrogen-Pipeline-Network.html
	Supply Concerns and Demand Optimism Are Boosting Oil Prices Oil prices surged this week as hurricane season began, demand improved, and both U.S. crude and gasoline inventories fell. Rising geopolitical risk around the world only added to bullish sentiment.Friday, June 21, 2024The onset of hurricane season in the US, improving demand figures that are corroborated by shrinking crude and product inventories, and more visible Chinese buying have come together to lift oil prices to their highest since early May. The market was also reminded of the dysfunctional Red Sea navigation with the Houthis sinking another… Read more at: https://oilprice.com/Energy/Energy-General/Supply-Concerns-and-Demand-Optimism-Boost-Oil-Prices.html
	Russia’s LNG Plans Suffer Fresh Blow as Chinese Firm Quits Russian Projects Chinese engineering company Wison New Energies has decided to discontinue all ongoing Russian projects and will immediately and indefinitely stop taking any new Russian business, dealing a blow to the Arctic LNG 2 project. “In view of the strategic future of the company, we have to make this difficult decision,” the company said in a post on LinkedIn. The Arctic LNG 2 had planned to build a gas turbine power station for the plant using equipment from Wison and Harbin Guanghan Gas Turbine Co. Ltd. The withdrawal of the… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Russias-LNG-Plans-Suffer-Fresh-Blow-as-Chinese-Firm-Quits-Russian-Projects.html
	Oil Prices Surge on Falling Inventories and Rising Geopolitical Tensions Oil futures have surged sharply this week, driven by a significant draw in U.S. crude inventories and signs of a cooling job market that have fueled hopes of a potential Federal Reserve rate cut. Lower interest rates could bolster oil prices, which have been under pressure due to tepid global demand. EIA Report Fuels Price Increase The U.S. Energy Information Administration (EIA) reported a notable decline in crude inventories, which fell by 2.5 million barrels to 457.1 million barrels for the week ending June 14. This drawdown exceeded analysts’… Read more at: https://oilprice.com/Energy/Energy-General/Oil-Prices-Surge-on-Falling-Inventories-and-Rising-Geopolitical-Tensions.html
	Oil Prices Climb Out of Contango as Summer Demand Kicks In 1. Summer Demand Finally Kicks In, Lifting Oil Prices Out of Contango – The summer rally of the oil markets might finally materialize as ICE Brent crept up to $85 per barrel, even higher than it was before the OPEC+ meeting, and contango in the North Sea paper market disappeared. – The unwinding of bearish bets on crude oil and robust physical trading have buoyed European sentiment, with Brent contracts for difference (CFDs) now swinging into backwardation with the W1-W6 spread now at almost $2 per barrel. – Hurricanes have been the biggest… Read more at: https://oilprice.com/Energy/Energy-General/Oil-Prices-Climb-Out-of-Contango-as-Summer-Demand-Kicks-In.html
	Tesla has downsized by at least 14% this year after Elon Musk said layoffs would exceed 10% Tesla internal records viewed by CNBC suggest that the company employs just over 121,000 people, including temps. Read more at: https://www.cnbc.com/2024/06/21/tesla-has-downsized-by-at-least-14percent-this-year-internal-number-shows.html
	Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans The living wills are a key Federal Reserve and FDIC exercise mandated in the aftermath of the 2008 global financial crisis. Read more at: https://www.cnbc.com/2024/06/21/living-wills-citigroup-jpmorgan-chase-goldman-sachs-hit-by-regulators.html
	Home prices hit record high in May as sales stall Sales stalled in May as median existing home prices hit a record and mortgage rates remained high. Read more at: https://www.cnbc.com/2024/06/21/home-prices-hit-record-high-in-may-as-sales-stall.html
	S&P 500 closes lower Friday as Nvidia falters, Dow posts best week since May: Live updates The S&P 500 ticked lower Friday as shares of market bellwether Nvidia slipped for a second day. Read more at: https://www.cnbc.com/2024/06/20/stock-market-today-live-updates.html
	If you’re grabbing tax-free income from this asset, you may be sacrificing yield Tax-free municipal bonds are beloved by high income investors, but individuals in lower brackets may be missing out on solid income elsewhere. Read more at: https://www.cnbc.com/2024/06/21/juicing-tax-free-income-from-this-asset-you-may-be-sacrificing-yield.html
	Apple Intelligence won’t launch in EU in 2024 due to antitrust regulation, company says Apple Intelligence and two other features won’t be available in the European Union when they launch later in 2024, due to interoperability rules in the DMA. Read more at: https://www.cnbc.com/2024/06/21/apple-ai-europe-dma-macos.html
	The stock market is in its longest stretch without a 2% sell-off since the financial crisis Wall Street’s rise to record highs has come with very little volatility. Read more at: https://www.cnbc.com/2024/06/21/stocks-are-in-their-longest-stretch-without-a-2percent-sell-off-since-the-financial-crisis.html
	Nearly $109 million in deposits held for fintech Yotta’s customers vanished in Synapse collapse, bank says Despite mounting pressure to unfreeze all locked bank accounts in the Synapse collapse, messy records have created uncertainty over when that will happen. Read more at: https://www.cnbc.com/2024/06/21/synapse-collapse-nearly-109m-in-yotta-customer-deposits-vanish.html
	Eli Lilly expects FDA decision on weight loss drug Zepbound for sleep apnea as early as end of the year Some patients with obstructive sleep apnea and obesity who took the highest dose of Zepbound achieved “disease resolution,” in the two trials. Read more at: https://www.cnbc.com/2024/06/21/eli-lilly-expects-fda-decision-on-zepbound-for-sleep-apnea-as-early-as-end-of-year.html
	Forever 21 seeks rent concessions as fast-fashion brand faces financial woes Forever 21 is seeking rent concessions as it struggles to compete with savvier upstarts and manage its store portfolio. Read more at: https://www.cnbc.com/2024/06/21/forever-21-seeks-rent-concessions-facing-financial-struggles.html
	These are the 10 best cities for new college graduates—New York City didn’t make the list Zumper ranked 100 cities based on median rent prices, average income, unemployment rate, and potential for social opportunities and more. Read more at: https://www.cnbc.com/2024/06/21/best-cities-new-grads-zumper-report.html
	Education Department looks to expand Public Service Loan Forgiveness eligibility The U.S. Department of Education may extend the eligibility of a popular student loan forgiveness program to early childhood educators. Read more at: https://www.cnbc.com/2024/06/21/student-loan-forgiveness-program-for-public-servants-may-soon-expand.html
	Winklevoss twins donate $2 million in bitcoin to Trump campaign: CNBC Crypto World CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Laura Brookover, head of litigation & investigations at Consensys, provides new details after Consensys says the SEC closed its investigation into Ethereum 2.0 and the crypto firm itself. Read more at: https://www.cnbc.com/video/2024/06/21/winklevoss-twins-donate-2-million-bitcoin-trump-campaign-cnbc-crypto-world.html
	WH Calls House Intel Chair’s Comments About Russian Space Nuke Program “Irresponsible” Authored by Andrew Thornebrooke via The Epoch Times, The White House is rebuking a congressman from Ohio for allegedly politicizing the nation’s response to a Russian nuclear weapons program. On June 20, National Security Council spokesperson John Kirby said that Rep. Mike Turner (R-Ohio), who is chairman of the House Intelligence Committee, had gone against the wishes of the intelligence community in publicizing the existence of a Russian program to develop a nuclear anti-satellite weapon. “Publicizing this highly-sensitive intelligence was highly irresponsible, and it was something that the intelligence community themselves had serious concerns with,” Mr. Kirby told reporters. … Read more at: https://www.zerohedge.com/political/wh-calls-house-intel-chairs-comments-about-russian-space-nuke-program-irresponsible
	Record July Fourth Travel Expected As Gas Prices Will “Remain Stable Until After Labor Day” Gasoline prices at the pump could rise next week as a record 71 million Americans start their travel before early next month’s Independence Day holiday. Prices peaked at $3.67 per gallon in mid-April and have recently dipped to $3.449 due to weakening demand. New data from the American Automobile Association shows that 70.9 million folks will travel 50 miles or more from home during the Independence Day holiday travel period between June 29 and July 7. This is a 5% rise compared to 2023 and an 8% increase over 2019. “With summer vacations in full swing and the flexibility of remote work, more Americans are taking extended trips around Independence Day,” said Paula Twidale, Senior Vice President of AAA Travel, adding, “We anticipate this July 4th week will be the busiest ever with an additional 5.7 million people traveling compared to 2019.” Of the 71 million, a record 60.6 million people are expected to travel by car, and that’s a 2.8 million increase from last year. This number also exceeds 2019 figures of 55.3 million. AAA projects the national average for gasoline at the pump “will likely continue going down leading up to Independence Day” and “remain relatively stable until after Labor Day.” Prices are currently around $3.49, tumbling in recent weeks from $3.70 on the news the Biden administration is planning to drain the entire US N … Read more at: https://www.zerohedge.com/markets/record-july-fourth-travel-expected-gas-prices-hold-steady-through-labor-day
	The Unsustainable AI-Driven Lending Boom Authored by Douglas French via The Mises Institute, For lending, as in all things, necessity is the mother of invention. No matter the rate, lenders want to lend and borrowers want to borrow, with both sides tending to overdo it. The Wall Street Journal (WSJ) reports that the newest collateral thing is the artificial intelligence (AI) chip. Wall Street heavyweight Blackstone led a $7.5 billion round of financing at the end of May for CoreWeave, “a New Jersey-based startup that owns artificial-intelligence chips and associated computing gear in data centers.” The collateral of the realm these days is Nvidia’s graphics-processing unit, or GPU, chip. For the moment, Nvidia can’t keep up with demand from the likes of Amazon and Microsoft. These companies are gorging themselves … Read more at: https://www.zerohedge.com/markets/unsustainable-ai-driven-lending-boom
	“Everything Is Frozen”: Third-Day Of Cyberattack Leaves 15,000 Auto Dealerships Crippled Over 15,000 auto dealerships nationwide face major disruptions due to an ongoing cyberattack for the third day, shutting down their backend management systems. This has halted sales for some dealers and forced others to complete transactions the old-fashioned way: by hand. CDK Global, the leading provider of dealership management systems and digital retailing solutions, said cybersecurity breaches began on Tuesday. By Wednesday afternoon, CDK’s core systems were restored, only to be shuttered on Thursday after a second hack attack. This has made it nearly impossible for thousands of dealers to buy and sell vehicles this week. “We cannot process paperwork. Everything is frozen, everything is tied up — we cannot move money back and forth to pay off cars, to finance our customers’ transactions,” Tom Maioli, who owns Celebrity Motor Car Company with dealerships across York and New Jersey, told CBS MoneyWatch. He said his business is “completely shut down.” Maioli continued, “We cannot process paperwork. Everything is frozen, everything is tied up — we cannot move money back and forth to pay off cars, to finance our customers’ transactions.” Consumers are being greeted with signs like this at auto dealers nationwide… One of the largest Chevrolet dealers in S … Read more at: https://www.zerohedge.com/technology/everything-frozen-third-day-cyberattack-leaves-15000-auto-dealerships-crippled
	Post Office system not a scandal, insists ex-union boss George Thomson tells an inquiry that Horizon is “robust”, provoking anger from sub-postmasters. Read more at: https://www.bbc.com/news/articles/cyxxz799vxko
	Octopus to repay £3bn to taxpayers for Bulb rescue The government will recover almost all the cost of temporarily nationalising Bulb in 2021. Read more at: https://www.bbc.com/news/articles/ce997mj3qm8o
	Tata Steel workers call first strike in 40 years It is the first time in 40 years that UK steel workers have taken strike action. Read more at: https://www.bbc.com/news/articles/cjeexwzdrepo
	Olympus Capital Asia divests 9% stake in Aster DM Healthcare for Rs 1,530 crore According to bulk deal data from BSE, Olympus Capital Asia Investments sold 4.50 crore shares, equivalent to a 9% stake in Aster DM Healthcare, in two tranches. The shares were sold within the price range of Rs 340 to Rs 340.13 each, totalling Rs 1,530.08 crore. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/olympus-capital-asia-divests-9-stake-in-aster-dm-healthcare-for-rs-1530-crore/articleshow/111174198.cms
	Tech View: Nifty chart shows bearish candle formation. What traders should do on Monday Nifty struggled to hold above the day’s opening range, indicating bullish sentiments going sore on the Summer Solstice Day, observed experts. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/tech-view-nifty-chart-shows-bearish-candle-formation-what-traders-should-do-on-monday/articleshow/111171089.cms
	IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/it-stocks-rally-up-to-4-as-an-early-indicator-of-q1-earnings-just-gave-green-signals/articleshow/111157639.cms
	Why Trump is ‘getting only upside’ for his crypto reversal Donald Trump is embracing cryptocurrency in his bid for the White House, and the crypto industry is hugging back. Read more at: https://www.marketwatch.com/story/why-trump-is-getting-only-upside-for-his-crypto-reversal-99e497fa?mod=mw_rss_topstories
	‘We live on a fixed income’: My husband and I are retired. We’re invited to our niece’s destination wedding. Are we obliged to buy a gift? “We haven’t been to a wedding in decades.” Read more at: https://www.marketwatch.com/story/my-husband-and-i-are-retired-and-are-invited-to-our-nieces-destination-wedding-do-we-have-to-go-and-buy-a-gift-c79033ce?mod=mw_rss_topstories
	Eli Lilly seeks FDA’s OK to expand Zepbound’s uses to include sleep apnea Eli Lilly said Friday that it has applied for U.S. regulatory approval to expand the use of its weight-loss drug Zepbound to include treatment of sleep apnea, as new data show the drug may help many people breathe easier at night. Read more at: https://www.marketwatch.com/story/eli-lilly-seeks-fdas-ok-to-expand-zepbounds-uses-to-include-sleep-apnea-f5ab49cb?mod=mw_rss_topstories

Summary Of the Markets Today:

Click here to read our current Economic Forecast – June 2024 Economic Forecast: Our Index Marginally Weakened And There Is Another Indicator Warning Of A Recession

The Market in Perspective

Game-Changing Central Asian Railway Project Faces Setbacks

UK’s New 210 MW Docklands Datacenter Gets the Green Light

Copper Market Rally Loses Steam as Demand Fails to Keep Up

India’s Oil Imports Surge: Russia Hits Record High, Saudi Arabia Drops

U.S. Oil, Gas Drilling Activity Continues to Fall

Gas Flows to Sabine Pass LNG Export Plant Drop to 11-Month Low

Houthi Attacks Elevate Insurance Rates for Commercial Vessels

Norway To Consider Developing Nuclear Energy

South Korea Warns Russia Over Military Pact with North Korea

India Seeks Tighter Regulatory Control Over LNG Import Terminals

EU Approves $3.2 Billion German Aid for Hydrogen Pipeline Network

Supply Concerns and Demand Optimism Are Boosting Oil Prices

Russia’s LNG Plans Suffer Fresh Blow as Chinese Firm Quits Russian Projects

Oil Prices Surge on Falling Inventories and Rising Geopolitical Tensions

Oil Prices Climb Out of Contango as Summer Demand Kicks In

Tesla has downsized by at least 14% this year after Elon Musk said layoffs would exceed 10%

Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans

Home prices hit record high in May as sales stall

S&P 500 closes lower Friday as Nvidia falters, Dow posts best week since May: Live updates

If you’re grabbing tax-free income from this asset, you may be sacrificing yield

Apple Intelligence won’t launch in EU in 2024 due to antitrust regulation, company says

The stock market is in its longest stretch without a 2% sell-off since the financial crisis

Nearly $109 million in deposits held for fintech Yotta’s customers vanished in Synapse collapse, bank says

Eli Lilly expects FDA decision on weight loss drug Zepbound for sleep apnea as early as end of the year

Forever 21 seeks rent concessions as fast-fashion brand faces financial woes

These are the 10 best cities for new college graduates—New York City didn’t make the list

Education Department looks to expand Public Service Loan Forgiveness eligibility

Winklevoss twins donate $2 million in bitcoin to Trump campaign: CNBC Crypto World

WH Calls House Intel Chair’s Comments About Russian Space Nuke Program “Irresponsible”

Record July Fourth Travel Expected As Gas Prices Will “Remain Stable Until After Labor Day”

The Unsustainable AI-Driven Lending Boom

“Everything Is Frozen”: Third-Day Of Cyberattack Leaves 15,000 Auto Dealerships Crippled

Post Office system not a scandal, insists ex-union boss

Octopus to repay £3bn to taxpayers for Bulb rescue

Tata Steel workers call first strike in 40 years

Olympus Capital Asia divests 9% stake in Aster DM Healthcare for Rs 1,530 crore

Tech View: Nifty chart shows bearish candle formation. What traders should do on Monday

IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals

Why Trump is ‘getting only upside’ for his crypto reversal

‘We live on a fixed income’: My husband and I are retired. We’re invited to our niece’s destination wedding. Are we obliged to buy a gift?

Eli Lilly seeks FDA’s OK to expand Zepbound’s uses to include sleep apnea

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