Base metals rallied on Thursday, but their downward trend over the last several weeks has been flashing recessionary signals. Copper (HG=F) futures touched a 19-month low this week amid concerns of a recession. The metal used in everything from jewelry to motors and electrical wiring is down about 19% year to date. “Doctor” Copper is often used to gauge the overall health of the economy. “Weak commodity prices help ease inflation fears,” Fiona Cincotta, senior financial markets analyst at City… Source link

Dispatch companies are trying to find ways of making home deliveries more efficient, among other things through autonomous solutions. Russian company Yandex, which is active in Israel through taxi service Yango and delivery service Yango Deli, has in recent months been running a pilot scheme in Tel Aviv of robots that deliver groceries to consumers. Now, however, because of complaints of residents of interference with their movement on sidewalks, the project has been suspended…. Source link

Dispatch companies are trying to find ways of making home deliveries more efficient, among other things through autonomous solutions. Russian company Yandex, which is active in Israel through taxi service Yango and delivery service Yango Deli, has in recent months been running a pilot scheme in Tel Aviv of robots that deliver groceries to consumers. Now, however, because of complaints of residents of interference with their movement on sidewalks, the project has been suspended…. Source link

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After hovering near the $5 mark for a while, the average price of gas could fall to $4 per gallon by mid-August, analysts predict. Gas prices have been retreating from their highs last month for a couple of weeks now. AAA reports the average price per gallon currently stands at $4.75 nationwide, a 16-cent drop from a month ago. Wednesday’s drop of 2.8 cents per gallon was the second largest single-day drop in the last decade. The decline comes on the heels of a Twitter feud between Jeff… Source link

The women’s Wimbledon final match is set. Ons Jabeur of Tunisia will face Elena Rybakina of Kazakhstan after both were victorious Thursday. Jabeur, 27, took down Tatjana Maria of Germany 6-2, 3-6, 6-1 while Rybakina, 23, beat Simona Halep of Romania in straight sets 6-3, 6-3. This final will be extra special for both competitors. Neither Jabeur nor Rybakina had ever reached a Grand Slam final in their careers, previously only advancing as far as the quarterfinals. Jabeur reached the… Source link

George Noble, Managing Partner and Chief Investment Officer of Noble Capital Advisors, is a must-follow on Twitter. Aside from sharing his views and opinions, the star stock-picker is unafraid when it comes to controversy and confrontation. A recent example is a tweet he shared on June 21 2022, where he laid into investment celebrity Jim Cramer. In his tweet, Noble cites the Belkin Report and shares an excerpt referencing the bullish consensus on energy stocks stating, “In our humble… Source link

Phoenix Mercury star Brittney Griner pleaded guilty to a drug charge Thursday in a Russian court, a “decision informed by discussion with her legal defense team in Russia,” Griner’s team said in a statement. “I’d like to plead guilty, your honor. But there was no intent. I didn’t want to break the law,” Griner said in court. “I’d like to give my testimony later. I need time to prepare.” In a statement, Griner’s legal team stated that “considering the nature of her case, the insignificant… Source link

‘The biggest Ponzi scheme in history’: This CEO warns that the Fed’s strategy has created a giant bubble in housing. Here’s what he likes for protection The Fed is tasked with a dual mandate: to ensure price stability and aim for maximum employment. But according to Dan Morehead, CEO of crypto hedge fund giant Pantera Capital, there’s a third thing that the Fed has been doing — running a Ponzi scheme. In his latest Blockchain Letter, Morehead says that the Fed’s “manipulation of… Source link

Text size GameStop’s stock split will take effect this month. Justin Sullivan/Getty Images … Source link