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Standard Chartered Bank believes the new Federal Reserve chairman will not cut interest rates but will also avoid hiking them, keeping rates flat.
Approximately 40% of Asian petrochemical capacity has been shut down.
Throughput volumes in the Suez Canal are at 50% of their levels from before the Houthi attacks began.
Paul Sankey predicts that the nationwide average price for a gallon of gasoline in the U.S. will reach $6 this summer.
Recent API data showed a 10 million barrel draw from the U.S. Strategic Petroleum Reserve (SPR) in one week.
Paul Sankey predicts that rising U.S. gasoline prices will ultimately trigger a crisis response from the government.
The primary focus for NVIDIA's upcoming earnings report will be the financial impact of its new "Vera Rubin" generation of chips.
Google's TPU, largely produced with Broadcom, is currently the biggest competitor to NVIDIA.
AMD's MI450 series of chips, which is rolling out later this year, is positioned to be a strong competitor to NVIDIA.
Upcoming IPOs for companies like Anthropic and OpenAI are expected to show incredible revenue numbers alongside incredible operating losses.
The US Dollar Index (DXY) is at 99 and the Japanese Yen is at a 159 handle against the dollar, indicating a remarkably resilient dollar and a flight to quality.
The strength of the US dollar is attributed to rising US interest rates, resilient economic growth and earnings, and inflation concerns.