12 AUG 2024 Market Close & Major Financial Headlines: Slow Session On Wall Street As Markets Traded Mostly Sideways Testing The Unchanged Line And Finally Closing Mixed

Summary Of the Markets Today:

The Dow closed down 141 points or 0.36%,
Nasdaq closed up 0.21%,
S&P 500 closed flat 0.00%,
Gold $2,511 up $37.20,
WTI crude oil settled at $80 up $2.81,
10-year U.S. Treasury 3.904 down 0.038 points,
USD index $103.13 down $UNCH,
Bitcoin $59,046 up $323 or 0.55%,

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

Today’s Highlights:

US stocks closed mixed on Monday as investors prepared for a week filled with significant economic data. Key stock movements included Nvidia, which surged nearly 4%, driving a rally in the tech sector. This mixed performance comes after a volatile week that left markets feeling jittery, with major indexes ending the previous week close to where they started despite significant fluctuations. Looking ahead, investors are focused on crucial economic indicators. Wednesday, the Consumer Price Index (CPI) data will be brought, providing insights into inflation, followed by retail sales figures and Walmart’s earnings on Thursday. These reports are expected to influence market volatility, as Wall Street tends to react positively to good news. The current economic climate suggests a slowing economy, shifting discussions from whether the Federal Reserve will cut interest rates in September to the extent of potential cuts. A slight majority of traders anticipate a 25 basis point cut, while around 48% expect a larger 50 basis point reduction.

Click here to read our current Economic Forecast – August 2024 Economic Forecast: New Recession Flag

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

The July 2024 Survey of Consumer Expectations from the Federal Reserve Bank of New York revealed a mixed economic outlook with stable short- and long-term inflation expectations, a decline in medium-term expectations, and concerns about credit access and debt delinquency.

Short-term (one-year) and long-term (five-year) inflation expectations remained stable at 3.0% and 2.8%, respectively.
Expectations for home price growth remained steady at 3.0%.
Expected earnings growth over the next year fell by 0.3 percentage points to 2.7%.
The probability of unemployment rising in the next year decreased slightly to 36.6%.
The perceived likelihood of losing one’s job decreased to 14.3%, while the probability of voluntarily leaving a job rose to 20.7%.
The probability of finding a new job after losing one decreased to 52.5%.
Household income growth expectations remained at 3.0%, while spending growth expectations fell to 4.9%, the lowest since April 2021.
The likelihood of missing a minimum debt payment in the next three months rose to 13.3%, the highest since April 2020, especially among lower-income and less-educated respondents.
The probability of U.S. stock prices being higher in a year increased marginally to 39.3%.

Here is a summary of headlines we are reading today:

EIA Reports Unexpected Rise in Oil Reserves for Public U.S. Companies
Nickel Prices Plummet as Stainless Steel Demand Remains Weak
How Mayonnaise Could Help Scientists Advance Nuclear Fusion Efforts
The World’s 5 Most Largest Oilfields and Their Impact
OPEC’s Oil Output Jumps by 185,000 Bpd as Iraq Continues to Overproduce
War Risks and Lower Prices Keep Traders Away From Ukraine’s Gas Storage
S&P 500, Nasdaq eke out small gains to hold last week’s momentum ahead of key inflation data: Live updates
Apartments, hockey rinks and Amazon warehouses: Macy’s closures will set off a wave of change at shopping malls
U.S. sends more forces and military hardware to the Middle East in anticipation of Iranian attack on Israel
These Six Drivers Are Gone, And That’s Why The Global Economy Is Toast
10-, 30-year Treasury yields finish lower for second day as Israeli military goes on high alert

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.
	Central Asian Leaders Optimistic About Expanding Regional Trade A growing spirit of cooperation underpinned the August 9 gathering of the leaders of all five Central Asia states, along with Caspian neighbor Azerbaijan. “Sustainable development” was the buzzword of the day for participants of the 6th Consultative Meeting of the Heads of State of Central Asia, held in the Kazakh capital Astana. “We are jointly shaping a new image of Central Asia as a region of great opportunities, looking to the future,” the gathering’s host, Kazakh President Kassym-Jomart Tokayev, told his fellow… Read more at: https://oilprice.com/Geopolitics/International/Central-Asian-Leaders-Optimistic-About-Expanding-Regional-Trade.html
	EIA Reports Unexpected Rise in Oil Reserves for Public U.S. Companies The Energy Information Administration (EIA) reported on Monday that publicly traded oil and gas companies saw an increase in proved reserves for last year of an additional 2 billion barrels, despite rising costs of exploration and development in North America and Latin America. According to the EIA analysis, there was a 1% increase in proved reserves for 175 publicly traded companies in 2023. In a cautionary note, the EIA said that its analysis was based on filings from the publicly traded companies in question, which it estimates represented… Read more at: https://oilprice.com/Latest-Energy-News/World-News/EIA-Reports-Unexpected-Rise-in-Oil-Reserves-for-Public-US-Companies.html
	Nickel Prices Plummet as Stainless Steel Demand Remains Weak Via Metal Miner Overall, the Stainless Monthly Metals Index (MMI) continued to decline, with a 4.47% drop from July to August. Nickel prices continued to plunge throughout July, shedding an additional 4.43% over the course of the month. Although prices appeared to stabilize in early August, they continued to trend near their early 2024 range, having wiped out all gains from last quarter’s speculative uptrend. Service Centers Report Slow Stainless Demand Stainless steel remains a buyer’s market. For months, stainless steel distributors… Read more at: https://oilprice.com/Metals/Commodities/Nickel-Prices-Plummet-as-Stainless-Steel-Demand-Remains-Weak.html
	Deep Sea Mining Threatens Newly Discovered Dark Oxygen Last month some very clever scientists published their findings on oxygen production on the seafloor. What is astonishing is that previously we’ve believed that free oxygen in the atmosphere and dissolved in the oceans had come almost exclusively from plants performing photosynthesis. But here at the lightless abysmal depths these scientists found levels of oxygen consistent with production of what they call “dark oxygen.” The discovery is yet another example of that eternal verity that we don’t know what we don’t know. The findings—which… Read more at: https://oilprice.com/Energy/Energy-General/Deep-Sea-Mining-Threatens-Newly-Discovered-Dark-Oxygen.html
	Chevron Unveils Game-Changing Deepwater Tech for High-Pressure Reservoirs Chevron Corporation (NYSE: NYSE:CVX) on Monday launched production at its $5.7-billion Anchor project in the Gulf of Mexico, making history with the first-ever successful application of new high-pressure technology for ultra-deep reservoirs. The technological breakthrough represents the first time the industry has seen successful production in the U.S. Gulf of Mexico, where drillers encounter significant subsea pressure that has until now evaded new technology, according to Chevron. “This industry-first deepwater technology allows us… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Chevron-Unveils-Game-Changing-Deepwater-Tech-for-High-Pressure-Reservoirs.html
	How Mayonnaise Could Help Scientists Advance Nuclear Fusion Efforts The most common of condiments could help researchers better understand the physics behind one of the most difficult and sought-after scientific feats—making nuclear fusion a reality. When compressed and heated, mayonnaise exhibits some characteristics similar to the various states of plasma in a hypothetical nuclear fusion reaction, scientists have found. So, the common condiment could become an ingredient in solving one of humanity’s longest-standing dreams—achieving nuclear fusion. Fusion is the natural process that heats… Read more at: https://oilprice.com/Alternative-Energy/Nuclear-Power/How-Mayonnaise-Could-Help-Scientists-Advance-Nuclear-Fusion-Efforts.html
	Brent Passes $80 Amid Middle East Tensions and Positive U.S. Data Heading for the fourth consecutive days of gains, oil prices continued to trade up on Monday, with the U.S. crude benchmark gaining well over 2% buoyed by consistent escalation of conflict in the Middle East, and despite OPEC’s lowering of its global demand growth forecast earlier in the day. At 11:57 a.m. ET on Monday, WTI was trading up 2.26% at $78.58 per barrel, while Brent crude was trading up 1.81% at $81.10. Oil prices are also being driven upwards by new U.S. economic data, which has worked to dampen fears of a recession. … Read more at: https://oilprice.com/Latest-Energy-News/World-News/Brent-Passes-80-Amid-Middle-East-Tensions-and-Positive-US-Data.html
	The World’s 5 Most Largest Oilfields and Their Impact The world’s energy landscape has been shaped by the vast reserves of petroleum hidden beneath its surface. These massive oil fields, often spanning hundreds of square kilometers and holding billions of barrels of oil, have fueled economies, powered industries, and transformed societies. In this article, we delve into the five biggest oilfields in history, exploring their geological significance, production capacity, and impact on the global energy market. The Top 5 Biggest Oilfields Oilfield Location Estimated Original Oil in Place … Read more at: https://oilprice.com/Energy/Crude-Oil/The-Worlds-5-Most-Largest-Oilfields-and-Their-Impact.html
	China Admits Its Ship Damaged Baltic Natural Gas Pipeline by Accident A Hong Kong-flagged container ship owned by a China mainland firm damaged a natural gas pipeline between Estonia and Finland in the Baltic Sea last autumn, but it was all by accident, Chinese authorities have told the two EU member states, according to sources cited by South China Morning Post. In October 2023, the Balticconnector pipeline between Estonia and Finland in the Baltic Sea was damaged. Initial investigations zoomed in on suspected sabotage, with the Nord Steam pipeline sabotage from the prior year still fresh in prosecutors’ offices… Read more at: https://oilprice.com/Latest-Energy-News/World-News/China-Admits-Its-Ship-Damaged-Baltic-Natural-Gas-Pipeline-by-Accident.html
	Why Oil Prices Fell $10 in a Month Over the past month, the price of West Texas Intermediate (WTI) has fallen from about $85.00 a barrel to below $75.00 a barrel. Concerns about weaker demand from China have negatively impacted oil prices for a while, and now fears of a U.S. recession have helped further drive prices down. The most recent driver is the negative sentiment pervading the stock market, which has extended its reach into commodities. This heightened volatility has been driven by traders reacting to the fear of a potential U.S. recession, spurred by weaker-than-expected… Read more at: https://oilprice.com/Energy/Energy-General/Why-Oil-Prices-Fell-10-in-a-Month.html
	India’s Oil Ministry Wants Windfall Tax on Petroleum Products Abolished The Indian Oil Ministry has asked the country’s Finance Ministry to consider scrapping the windfall tax on petroleum products due to falling crude oil prices, India’s broadcaster ET Now reported exclusively on Monday, quoting sources. The oil ministry has requested immediate withdrawal of the windfall tax on petroleum products in India, due to the recent slide in crude oil prices and the oil ministry’s expectation that oil prices are set to go further down, ET Now reported. The oil ministry has sent a number of presentations to… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Indias-Oil-Ministry-Wants-Windfall-Tax-on-Petroleum-Products-Abolished.html
	Political Turmoil Highlights the Fragility of Libya’s Planned Oil Boom Following a broadly peaceful 2023, Libya’s oil sector once again looks as stable as a puff adder on Benzedrine. Having averaged crude oil production of around 1.1-1.2 million barrels per day (bpd) for much of the last year and a half, the country had appeared unusually well placed to begin the process of increasing its output to 2 million bpd within the next three to five years as planned. After all, it still sits atop the largest proved oil reserves in Africa, at about 48 billion barrels. However, last week saw an extraordinary shutdown… Read more at: https://oilprice.com/Energy/Energy-General/Political-Turmoil-Highlights-the-Fragility-of-Libyas-Planned-Oil-Boom.html
	OPEC’s Oil Output Jumps by 185,000 Bpd as Iraq Continues to Overproduce OPEC’s crude oil production jumped by 185,000 barrels per day (bpd) in July compared to June as top producer Saudi Arabia boosted output, Iraq continued to pump well above its quota, and Iran also raised supply, the monthly OPEC report showed on Monday. Total crude oil production from all 12 OPEC members averaged 26.75 million bpd last month, up by 185,000 bpd from June, with output rising in the Middle Eastern producers Saudi Arabia, Iraq, and Iran, according to OPEC’s secondary sources which the cartel uses to track output from individual… Read more at: https://oilprice.com/Latest-Energy-News/World-News/OPECs-Oil-Output-Jumps-by-185000-Bpd-as-Iraq-Continues-to-Overproduce.html
	OPEC Cuts Oil Demand Growth Estimates as China’s Economy Struggles Underwhelming data so far this year and expectations of softening Chinese demand growth prompted OPEC to cut its forecasts of global oil demand growth this year and next, in the first downward revision since the organization issued its initial estimate for 2024 a year ago. Global oil demand is set to grow by 2.11 million barrels per day (bpd) in 2024, a still “healthy” growth pace, well above the historical average of 1.4 million bpd seen prior to the pandemic, OPEC said in its Monthly Oil Market Report (MOMR) published on Monday. But… Read more at: https://oilprice.com/Energy/Energy-General/OPEC-Cuts-Oil-Demand-Growth-Estimates-as-Chinas-Economy-Struggles.html
	War Risks and Lower Prices Keep Traders Away From Ukraine’s Gas Storage War risks and lower differentials between summer and winter prices are keeping Europe’s natural gas traders away from the underused underground gas storage sites in Ukraine. Last year, many traders were willing to risk and ignore the potential damage to Ukrainian storage sites as natural gas prices in Europe were much higher and the discount of prices in the summer months to the winter-month prices was wide enough to justify storing the fuel in a war zone. The commodity can be bought anywhere and sent to Ukraine via reverse flows in pipelines… Read more at: https://oilprice.com/Latest-Energy-News/World-News/War-Risks-and-Lower-Prices-Keep-Traders-Away-From-Ukraines-Gas-Storage.html
	S&P 500, Nasdaq eke out small gains to hold last week’s momentum ahead of key inflation data: Live updates Stocks seesawed Monday but managed to hold onto the momentum from late last week, as investors braced for key inflation data. Read more at: https://www.cnbc.com/2024/08/11/stock-market-today-live-updates.html
	Apartments, hockey rinks and Amazon warehouses: Macy’s closures will set off a wave of change at shopping malls Macy’s namesake stores have long served as an anchor for malls across the country, and its plans to close many of them will lead to widespread change. Read more at: https://www.cnbc.com/2024/08/12/macys-store-closures-will-change-malls.html
	SpaceX repeatedly polluted waters in Texas this year, regulators found SpaceX violated environmental regulations in releasing pollutants into or nearby bodies of water in Texas, a state environmental agency found. Read more at: https://www.cnbc.com/2024/08/12/spacex-repeatedly-polluted-waters-in-texas-tceq-epa-found.html
	U.S. crude oil rallies more than 4%, tops $80 as Pentagon sends more forces to Middle East Israel has been preparing for strikes by Iran and the Hezbollah militia for nearly two weeks, following the assassination of a Hamas leader in Tehran. Read more at: https://www.cnbc.com/2024/08/12/crude-oil-prices-today.html
	Turn to these dividend growers as the Fed cuts rates Certain dividend stocks outperform when the Federal Reserve cuts rates at a slow pace, according to Ned Davis Research. Read more at: https://www.cnbc.com/2024/08/12/turn-to-these-dividend-growers-as-the-fed-cuts-rates.html
	An earthquake with a magnitude of 4.4 has struck the Los Angeles area, the USGS says An earthquake with a magnitude of 4.4 has struck the Los Angeles area, the U.S. Geological Service said Monday. Read more at: https://www.cnbc.com/2024/08/12/an-earthquake-with-a-magnitude-of-4point6-has-struck-the-los-angeles-area-the-usgs-says.html
	Starbucks and activist Elliott met last week to discuss settlement, sources say Activist Elliott Management and Starbucks’ board of directors are in settlement talks, according to people familiar with the matter. Read more at: https://www.cnbc.com/2024/08/12/starbucks-and-activist-elliott-met-last-week-to-discuss-settlement.html
	Vance wants to raise the child tax credit to $5,000. Here’s why that could be difficult Sen. JD Vance, Former President Donald Trump’s GOP running mate, wants to raise the child tax credit to $5,000. Here’s why that could be difficult. Read more at: https://www.cnbc.com/2024/08/12/jd-vance-trump-raise-child-tax-credit.html
	GM reveals redesigned GMC Terrain as brand’s entry-level model The vehicle features a more rugged exterior design as well as a new interior with 26 inches of standard information and control screens. Read more at: https://www.cnbc.com/2024/08/12/gm-redesigned-gmc-suv-entry-level-model.html
	Trump, Vance double down on call for presidential influence on Fed policy Former President Donald Trump says the Fed’s “gotten it wrong a lot” and he “should at least have a say” in monetary policy. Vice President Harris disagrees. Read more at: https://www.cnbc.com/2024/08/12/vance-trump-double-down-on-presidential-influence-on-fed-policy.html
	U.S. sends more forces and military hardware to the Middle East in anticipation of Iranian attack on Israel The Pentagon ordered a guided missile submarine to the region, as well as a carrier strike group equipped with F-35C fighter jets. Read more at: https://www.cnbc.com/2024/08/12/us-sends-more-forces-to-the-middle-east-to-defend-israel.html
	Adani Group shares shed billions after Hindenburg allegations against regulator The group’s flagship firm Adani Enterprises slipped as much as 5% in early morning deals, before paring some of its losses. Read more at: https://www.cnbc.com/2024/08/12/adani-group-shares-fall-after-hindenburg-allegations-against-regulator.html
	EU warns Elon Musk ahead of Trump interview to keep hate speech off X European Commissioner Thierry Breton warned X owner Elon Musk the company may face penalties if it doesn’t address the spread of illegal and dangerous content. Read more at: https://www.cnbc.com/2024/08/12/eu-warns-elon-musk-ahead-of-trump-interview-to-keep-hate-speech-off-of-x-.html
	KFC Unveils ‘Finger-Lickin Good’ Meal Deal As Value Wars Heat Up Quick-service restaurant customers have been frustrated by rising Big Mac and chicken sandwich prices, which we dubbed ‘McFlation.’ As burger sales slide, chains like McDonald’s and Burger King have swiftly introduced meal deals to maintain market share amid a worsening downturn among consumers, especially low/mid-tier ones. With McDonald’s and Burger King already offering $5 meal deals, it was inevitable that Yum! Brands’ KFC would introduce its own $5 deal, signaling that the value wars in the QSR space are intensifying. “KFC claps back in “Value Wars” with more deals for customers every day of the week this fall,” KFC wrote in a press release on Monday morning. KFC’s new $5 meal deal includes “finger-lickin’ good value and make KFC affordable for everyone,” the company said, adding the new deal includes three offers: KFC Chicken Nuggets, Famous Bowl with KFC Chicken Nuggets, and Two-Piece Drum & Thigh. Read more at: https://www.zerohedge.com/markets/kfc-unveils-finger-lickin-good-meal-deal-value-wars-heat
	These Six Drivers Are Gone, And That’s Why The Global Economy Is Toast Authored by Charles Hugh Smith via OfTwoMinds blog, The global economy is toast. All that’s left is the distribution of the burned bits. The six one-offs that drove growth and pulled the global economy out of bubble-bust recessions for the past 30 years have all reversed or dissipated. Absent these one-off drivers, the global economy is stumbling off the cliff into a deep recession without any replacement drivers. Colloquially speaking, the global economy is toast. Here are the six one-offs that won’t be coming back: 1) China’s industrialization. 2) Growth-positive demographics. 3) Low interest rates. 4) Low debt levels. 5) Low inflation. 6) Tech productivity boom. Cutting to the chase, China bailed the world out of the last three recessions triggered by credit-asset bubbles popping: the Asian Contagion of 1997-98, the dot-com bubble and pop of 2000-02, and the Global Financial Crisis of 2008-09. In each case, China’s high growth and massive issuance of stimulus and credit (a.k.a. China’s Credit Impulse) acted as catalysts to restart global expansion. The boost phase of picking low-hanging fruit via rapid industrialization boosting mercantilist exports and building tens of millions of housing units is over. Even in 2000 when I first visited China, there were sign … Read more at: https://www.zerohedge.com/economics/these-six-drivers-are-gone-and-thats-why-global-economy-toast
	Putin Says There Will Be No Peace Talks With Ukraine As 180,000 Citizens Evacuated Amid Invasion Ukraine’s brazen and high risk cross-border ground incursion into Russia’s Kursk region is nearly one week in, with Russian forces still fighting off the invaders, and Kiev confirming in a fresh statement that the “offensive operation” is continuing. Russian emergency authorities are evacuated an astounding 180,000 citizens from border regions where fighting has encroached. An official briefing delivered to President Putin on the situation on Monday has revealed that this shock Ukraine offensive is bigger and more expansive and devastating than previously believed. “Ukraine’s military has taken control of 28 towns and villages in Russia’s Kursk border region, prompting a sixth of its population to flee the incursion, the acting regional governor told President Vladimir Putin,” Bloomberg writes of official statements. But it remains that along the front lines inside eastern Ukraine, Russian forces are still advancing, with RIA stating “Russia takes control of the settlement of Lyscychne in Ukraine.” Read more at: https://www.zerohedge.com/geopolitical/putin-says-there-will-be-no-peace-talks-ukraine-180000-citizens-evacuated-amid
	US Gymnast Jordan Chiles Must Return Bronze Medal, Olympic Committee Says Authored by Jack Phillips via The Epoch Times (emphasis ours), U.S. gymnast Jordan Chiles must return the bronze medal she won in the Paris Olympics floor exercise last week after the sport’s highest court rejected an appeal by Chiles’s coach that vaulted her to third place over Romanian gymnast Ana Barbosu, the International Olympic Committee (IOC) stated on Aug. 11. U.S. gymnast Jordan Chiles shows her medals after ringing the closing bell at the Nasdaq MarketSite in New York’s Times Square on Aug. 8, 2024. (Richard Drew/AP Photo) The IOC confirmed the reallocation of the medal less than 24 hours after the Court of Arbitration for Sport voided an appeal from Chiles’s coach during the Aug. 5 competition, wh … Read more at: https://www.zerohedge.com/geopolitical/us-gymnast-jordan-chiles-must-return-bronze-medal-olympic-committee-says
	Potholes are drivers’ biggest bugbear, RAC finds Punctures, wheel damage and broken suspension springs are the most common damage, finds survey. Read more at: https://www.bbc.com/news/articles/crrl92rr12ko
	Higher compensation proposed for poor water service Water companies that miss standards should pay customers more compensation, the government proposes. Read more at: https://www.bbc.com/news/articles/c39knp731n7o
	Why Trump and Harris both say ‘no tax on tips’ Under the current law, employees are required to disclose all tips over $20 per month to their employer. Read more at: https://www.bbc.com/news/articles/clyn511dgnjo
	Rupee slips to record closing low, tracking decline in Asia FX The Indian rupee slipped to its weakest closing level on Monday, pressured by a decline in its Asian peers while likely intervention by the Reserve Bank of India ensured the currency did not weaken more. Read more at: https://economictimes.indiatimes.com/markets/forex/rupee-slips-to-record-closing-low-tracking-decline-in-asia-fx/articleshow/112466897.cms
	Saraswati Saree Depot IPO sails through on Day 1 on strong NII, retail bidding The IPO of Saraswati Saree Depot was fully subscribed within hours of its launch today, with a subscription rate of 2.46 times. Retail and non-institutional investors were the primary contributors, with the retail portion subscribed 3.34 times. The company fixed a price band of Rs 152-160 per share. Analysts advise high-risk investors to consider this IPO. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/saraswati-saree-depot-ipo-sails-through-on-day-1-on-strong-nii-retail-bidding/articleshow/112463355.cms
	Tech Picks: Bajaj Auto among 5 stocks set for a short-term 35% jump The Nifty 50 and S&P BSE Sensex both declined last week, falling 1.4% and 1.6%, respectively, as concerns about a potential US recession drove investors toward safer assets. Despite this, analysts have identified several stocks with promising technical setups, suggesting potential gains of up to 35% in the near term. Here are five tech picks: Read more at: https://economictimes.indiatimes.com/markets/stocks/news/technical-picks-bajaj-auto-godfrey-phillips-among-5-stocks-that-can-rally-up-to-35-in-short-term/money-making-bets/slideshow/112457543.cms
	‘She’s now down to her last few dollars’: My friend quit her job, blew her inheritance and will take vacations using credit cards. Will she ever see sense? “She has over $70,000 in her retirement fund, but says that’s for emergencies.” Read more at: https://www.marketwatch.com/story/shes-now-down-to-her-last-few-dollars-my-friend-quit-her-job-blew-her-inheritance-and-will-take-vacations-using-credit-cards-will-she-ever-see-sense-f94bd271?mod=mw_rss_topstories
	10-, 30-year Treasury yields finish lower for second day as Israeli military goes on high alert Yields on U.S. government debt closed lower on Monday as traders watched the latest developments in the Middle East and looked ahead to a busy week of U.S. economic updates. Read more at: https://www.marketwatch.com/story/treasury-yields-inch-higher-ahead-of-inflation-and-retail-sales-data-this-week-63c40b63?mod=mw_rss_topstories
	How Robinhood can win a bigger piece of the $65 trillion pie of investable assets Piper Sandler sees Robinhood as well positioned to benefit from the generational wealth transfer — and a new web platform that could broaden its appeal. Read more at: https://www.marketwatch.com/story/how-robinhood-can-win-a-bigger-piece-of-the-65-trillion-pie-of-investable-assets-097ae150?mod=mw_rss_topstories

Summary Of the Markets Today:

Today’s Highlights:

Click here to read our current Economic Forecast – August 2024 Economic Forecast: New Recession Flag

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

Here is a summary of headlines we are reading today:

The Market in Perspective

Central Asian Leaders Optimistic About Expanding Regional Trade

EIA Reports Unexpected Rise in Oil Reserves for Public U.S. Companies

Nickel Prices Plummet as Stainless Steel Demand Remains Weak

Deep Sea Mining Threatens Newly Discovered Dark Oxygen

Chevron Unveils Game-Changing Deepwater Tech for High-Pressure Reservoirs

How Mayonnaise Could Help Scientists Advance Nuclear Fusion Efforts

Brent Passes $80 Amid Middle East Tensions and Positive U.S. Data

The World’s 5 Most Largest Oilfields and Their Impact

China Admits Its Ship Damaged Baltic Natural Gas Pipeline by Accident

Why Oil Prices Fell $10 in a Month

India’s Oil Ministry Wants Windfall Tax on Petroleum Products Abolished

Political Turmoil Highlights the Fragility of Libya’s Planned Oil Boom

OPEC’s Oil Output Jumps by 185,000 Bpd as Iraq Continues to Overproduce

OPEC Cuts Oil Demand Growth Estimates as China’s Economy Struggles

War Risks and Lower Prices Keep Traders Away From Ukraine’s Gas Storage

S&P 500, Nasdaq eke out small gains to hold last week’s momentum ahead of key inflation data: Live updates

Apartments, hockey rinks and Amazon warehouses: Macy’s closures will set off a wave of change at shopping malls

SpaceX repeatedly polluted waters in Texas this year, regulators found

U.S. crude oil rallies more than 4%, tops $80 as Pentagon sends more forces to Middle East

Turn to these dividend growers as the Fed cuts rates

An earthquake with a magnitude of 4.4 has struck the Los Angeles area, the USGS says

Starbucks and activist Elliott met last week to discuss settlement, sources say

Vance wants to raise the child tax credit to $5,000. Here’s why that could be difficult

GM reveals redesigned GMC Terrain as brand’s entry-level model

Trump, Vance double down on call for presidential influence on Fed policy

U.S. sends more forces and military hardware to the Middle East in anticipation of Iranian attack on Israel

Adani Group shares shed billions after Hindenburg allegations against regulator

EU warns Elon Musk ahead of Trump interview to keep hate speech off X

KFC Unveils ‘Finger-Lickin Good’ Meal Deal As Value Wars Heat Up

These Six Drivers Are Gone, And That’s Why The Global Economy Is Toast

Putin Says There Will Be No Peace Talks With Ukraine As 180,000 Citizens Evacuated Amid Invasion

US Gymnast Jordan Chiles Must Return Bronze Medal, Olympic Committee Says

Potholes are drivers’ biggest bugbear, RAC finds

Higher compensation proposed for poor water service

Why Trump and Harris both say ‘no tax on tips’

Rupee slips to record closing low, tracking decline in Asia FX

Saraswati Saree Depot IPO sails through on Day 1 on strong NII, retail bidding

Tech Picks: Bajaj Auto among 5 stocks set for a short-term 35% jump

‘She’s now down to her last few dollars’: My friend quit her job, blew her inheritance and will take vacations using credit cards. Will she ever see sense?

10-, 30-year Treasury yields finish lower for second day as Israeli military goes on high alert

How Robinhood can win a bigger piece of the $65 trillion pie of investable assets

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