The US Dollar trades stronger after better-than-expected Producer Price data, causing traders to question the possibility of an initial rate cut in June.
U.S. retail sales rose less than expected in February, while producer prices and jobless claims yielded mixed results; the International Energy Agency increased its forecast for oil-demand growth and Biden supports a massive lithium loan for an electric vehicle push.
Fluent Metal, a new startup founded by the former chief designer of Desktop Metal, has emerged from stealth mode with a liquid metal printing technology that promises high efficiency, flexibility, and customization, setting a new standard in additive manufacturing. The company's drop-on-demand approach allows for the creation of intricate metal parts with precision and compatibility with a wide range of metals, offering industries like aerospace and medical devices the ability to tailor their products without extensive retooling or process adjustments. Fluent Metal also emphasizes its sustainability advantages over traditional metal manufacturing processes.
US stocks fell despite opening higher due to concerns over hotter-than-expected wholesale inflation and retail sales falling short of estimates.
The global collagen casings market is projected to reach $2.8 billion by 2032 due to factors such as increased demand for processed meats, consistency in product quality, and the rise in barbecue culture globally.
The global gas compressors market is expected to grow at a CAGR of 4.8% from 2023 to 2032, driven by the demand for energy-efficient compressors and the rise in gas compressor usage across various industries.
The global market for digital servo presses is predicted to reach $1.17 billion by 2031, driven by the demand for energy-efficient equipment and the need for consistent product quality, according to Transparency Market Research.
The encapsulant market is projected to reach a value of US$ 4.1 billion by 2024 and US$ 9.5 billion by 2034, driven by its extensive use in the solar energy sector and the increasing demand for electronic devices and renewable energy solutions.
The real estate market in the Hamptons is booming, with a significant increase in homes for sale and buyer contracts, leading to rising prices and competitive conditions due to low inventory levels.
The International Energy Agency (IEA) predicts that the oil market will shift from a surplus to a supply deficit in 2024 if OPEC+ extends its production cuts until the end of the year. The IEA expects a slight deficit in the supply-demand balance, but notes that the current surplus of oil on water may bring some relief to the market. Additionally, the IEA has raised its 2024 outlook on global oil demand growth.
US stock futures rise, showing momentum despite higher than expected wholesale inflation, with the market hopeful for a policy pivot in the summer and closely watching data ahead of the Federal Reserve's meeting next week.
The number of Americans applying for jobless benefits last week remained low despite elevated interest rates and the labor market thriving, indicating the resilience of the U.S. economy.
The number of Americans applying for jobless benefits last week slightly increased but remained at historically low levels despite elevated interest rates, with filings for unemployment claims decreasing by 1,000 to 209,000.
The global dental 3D printing market is projected to reach $8.1 billion by 2029, growing at a CAGR of 19.0% from 2023 to 2029, driven by factors such as an increasing number of patients with dental diseases. However, challenges related to the biocompatibility of materials with 3D printing may limit market growth.
The global unmanned underwater vehicles market is projected to reach a valuation of US$ 24.28 billion by 2032, driven by rapid technological advancements and increasing demand in the defense, research, and oil & gas sectors.
Hong Kong's markets regulator, the SFC, has warned investors about ByBit, a crypto exchange, and its products, stating that investors are at risk of losing their entire investment and that enforcement action may be taken. ByBit has been added to the list of suspicious cryptocurrency exchanges, and its products have been placed on the suspicious investment products list.
New home listings in the U.S. have increased by 13%, the largest annual increase in nearly three years, however, high home prices and mortgage rates continue to pose challenges for potential buyers.
The smart home market is projected to experience significant long-term expansion, with forecasts indicating an annual growth rate of 11.43% through 2028 and a market worth of $231.6 billion, making smart home stocks an attractive investment opportunity. Three top smart home stocks to consider are NRG Energy, Amazon, and Alphabet, each demonstrating growth potential and innovative strategies in their respective niches.
Navitas Semiconductor Corporation is a rapidly growing semiconductor company specializing in GaN and SiC components for power electronics, with a strong focus on mobile device chargers but also expanding into other markets and projecting significant revenue growth.
The global cool roof coating market is projected to reach a valuation of US$ 780.9 million by 2024, driven by the demand for heat reduction and energy-saving buildings in response to global warming.
The Saudi Arabian cooking appliance market is expected to grow from $69.42 million in 2023 to $98.81 million by 2032, driven by a strong demand for traditional appliances and a trend towards convenience-driven products, and companies should focus on brand reputation, after-sales support, and presence in both traditional and online retail channels to succeed in this dynamic market.
The Pound Sterling strengthened as the UK economy returned to growth, though investors are still waiting for guidance on the Bank of England's next steps regarding interest rates, while also awaiting US data for further cues.
The European Central Bank (ECB) has announced changes to its operational framework to adapt to the ongoing changes in the liquidity environment, including the decline in excess liquidity.
The global cellulite treatment market is expected to reach $1.7 billion by 2031, driven by rising beauty concerns and advancements in technology, particularly in energy-based and minimally invasive treatments.
The global nanotechnology drug delivery market is projected to reach $153 billion in revenue by 2030, with a CAGR of 8.7%, driven by advancements in neurology and targeted drug delivery mechanisms.
Hangzhou, home to Alibaba and Geely, has removed curbs on second home ownership in an effort to revive the housing market and boost demand.
The S&P 500 is setting new records and some analysts predict it could reach 6,000 by 2025, but the market's rally could be derailed if interest rates remain higher for longer, leading to slower growth and potential market bubbles. However, long-term investors should not be overly concerned and should consider staying invested, potentially in diversified ETFs like the Invesco QQQ Trust.
Chinese organized crime has come to dominate much of the illicit marijuana trade in the US, with Chinese mobsters engaging in violence, drug trafficking, money laundering, bribery, and other criminal activities, particularly in Oklahoma, according to an investigation by ProPublica and The Frontier.
The global Cloud Native Software Market is projected to grow at a CAGR of 34.8% from 2023 to 2030, driven by the increasing demand for scalability and flexibility in software development, as well as the adoption of cloud computing and containerization technologies.
The global ready-to-drink (RTD) coffee market is projected to reach $26.0 billion by 2031, driven by the demand for unique flavors, convenience, and sustainability, with Asia Pacific leading the market.
Spain's inflation rate drops to 2.8% in February, while Hungary's construction output surged by 17.2% in January 2024; the annual inflation rate in Sweden slowed to 4.5% in February 2024, while the pan-European Stoxx 600 moved 0.19% higher.
The global PV modules market is projected to reach $341.8 billion by 2031, with a compound annual growth rate of 19.0%, driven by technological advancements, environmental awareness, and the increasing demand for solar power.
An Australian court has ruled in favor of Finder Wallet in a case brought by the nation's market regulator, dismissing allegations that its Finder Earn product violated financial services regulations, marking a significant victory for the crypto industry.
The introduction of the Small and Medium Real Estate Investment Trusts (SM REITs) framework by Sebi is expected to enhance liquidity and promote growth in India's real estate market, with the market projected to grow by 10 times to $5 billion by 2030.
Speculators in Japan are betting that the Bank of Japan will introduce new deposit rules, leading to a surge in bets against short-dated bonds and pushing yields on one-year Japanese treasury bills to near a decade high of 0.067%.
Despite weak conditions in the real estate market, Matterport's business is growing and experiencing broader adoption of its subscription solution, with the introduction of Property Intelligence potentially providing further growth opportunities. However, the company's losses remain large, and it has made little progress towards profitability in recent quarters, leading to significant dilution for investors. Matterport's subscription revenue from the residential real estate sector has increased by 14% YoY, and the company's business outside of real estate continues to expand rapidly, particularly in the travel and hospitality sector. Matterport has also formed partnerships with companies like Redfin, Zillow, and Opendoor, and it serves a diverse range of customers across various industries. The company's financial analysis shows a decline in product revenue but an increase in subscription revenue, which now represents 60% of total revenue. Matterport expects continued growth in revenue and subscription revenue in the coming quarters. Despite its losses, Matterport has a substantial amount of cash and is approaching zero cash burn, but heavy dilution remains a concern unless the burden of stock-based compensation is reduced. Overall, Matterport's transition from a hardware company to a software company presents potential for growth and a potential bet on a housing market recovery, but demand headwinds may persist for some time.
The Indian stock market experienced a broad-based selling trend, leading to lower closing points for the Nifty 50 index, BSE Sensex, and Bank Nifty index, while the small-cap and mid-cap indices also saw significant declines; experts predict further weakness and provide recommendations for stocks to buy and sell.
Copper prices surged to an 11-month high as investors anticipate a drop in global supply, following Chinese smelters discussing potential production cuts due to falling processing fees.
The U.S. dollar remained stable against major currencies as traders awaited more data on the direction of Federal Reserve policy, with concerns about inflation impacting rate cut expectations.
Investing in top stocks can lead to long-term value, and investors should consider stocks like Elf Beauty, Duolingo, Visa, Costco, Amazon, Microsoft, and Cava for their portfolios.
The U.S. dollar remained steady against major currencies as traders awaited more data on the Federal Reserve's policy direction, with a likelihood of a July rate cut at 83%.
Nine stocks have been banned from trading under the futures and options segment in the Indian stock market due to exceeding market-wide position limits, although they can still be traded in the cash market.
The global human milk oligosaccharide (HMO) market is projected to reach $100.8 million in 2024 and is expected to grow at a CAGR of 6.5%, driven by the increasing demand for infant formula products and the desire for optimal infant nutrition that closely resembles breast milk.
Thailand's smartphone market is expected to grow 3% in 2024, driven by replacement purchases and advanced technology features, particularly in the budget segment, according to Counterpoint Research.
The global smart fleet management market, which uses data and connected technologies to improve fleet operations, is projected to reach USD 1,031.2 billion by 2032 with a CAGR of 8.3%. These solutions offer cost savings, increased productivity, and improved road safety, driving their adoption in various industries. The market growth is driven by increasing demand in developing countries and the focus on sustainability.
The global Urgent Care Apps market is projected to grow from USD 2.4 billion in 2023 to USD 44.8 billion by 2033, driven by the increasing adoption of smartphones and the expansion into remote monitoring capabilities. North America is currently the largest market, accounting for 44% of the total market, while the Asia Pacific region is expected to experience the highest growth rate.
Music company Believe expects its organic revenue growth to exceed 20% in 2024, driven by a strong paid streaming market and a rebound in ad-supported streaming in the second half of the year. The company also aims to gain market share in countries where it is not yet a top three player for local artists. In 2023, Believe posted a 15.7% increase in revenue, benefiting from price increases at major streaming services and market share gains in key countries.
Southwest Airlines closed at $28.28, experiencing a -1.67% decline, as investors and analysts await the company's upcoming earnings report.
VALE SA's stock performance was better than the S&P 500's daily loss, but it has lagged behind the Basic Materials sector, and investors are eagerly awaiting the company's upcoming earnings report, which is projected to show significant growth.
President Joe Biden is proposing a $10,000 tax credit for middle-class, starter-home residents to incentivize them to move to bigger homes and open up the housing market, but experts are skeptical that it will be enough to address the supply challenges and affordability issues in the housing market.