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Featured AlphaTack Intel Article
Chevron Says Iran War Reduced Production, Impacted Earnings
Chevron Corp. said its production fell as much as 6% in the first quarter due in part to the Iran war, echoing a similar disclosure from arch rival Exxon Mobil Corp. earlier this week. Chevron’s production was between 3.8 million and 3.9 million net oil-equivalent...
– AlphaTack Intel Articles –
Consumer confidence declines for first time since November
Consumer confidence took a step back in February. The Conference Board's Consumer Confidence Index for February registered its first decline since November, "reflecting persistent uncertainty about the US economy," said Dana Peterson, chief economist at The Conference...
Lowe’s Sales Suffer as Home Improvement Slowdown Persists
Consumers taking on smaller projects, hurting kitchen sales Home improvement retailer is rolling out a DIY loyalty program Lowe’s Cos. said its sales will fall further this year as consumers continue to hold off from sprucing up their homes amid higher mortgage rates...
Office Tower Deal for $1 Reveals Anxiety Among Longtime Buyers
Largest Canadian pension takes steps to limit office exposure Fund’s discounted sales may have ripple effects in the market Canadian pension funds have been among the world’s most prolific buyers of real estate, starting a revolution that inspired retirement plans...
Argentina Banks Warn Against Inflation Bonds as Price Hikes Cool
Galicia, Mariva and AdCap recommend unwinding positions Monthly CPI seen falling below 10% by mid-year on Milei plan Banks and funds in Argentina are telling clients to ease off short-term bonds with interest payments linked to inflation as early signs fuel market...
China’s State-Backed Funds Have Bought $57 Billion of Stocks, UBS Says
UBS estimate is based on excess transactions of 54 ETFs Swiss bank says national team holdings can rise further China’s state-backed funds have poured more than 410 billion yuan ($57 billion) into onshore shares this year in a bid to prop up the market, according to...
Five Key Charts to Watch in Global Commodity Markets This Week
Here are some notable charts to monitor in commodities markets over the coming days. Shipping Commodity watchers keen on taking the pulse of the global economy should note that container ships — the lifeblood of trade — are traveling at the slowest speeds since...