The summer has not been kind to commodities traders, as many of the biggest commodity ETFs in the United States are currently facing significant losses. Whether it’s index-style funds like Invesco’s Optimum Yield Diversified Commodity Strategy ETF (PDBC) or single commodity-focused funds like the United States Oil Fund (USO), the downward trend in commodities trading
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The city of Sparks in Nevada has put forth an ambitious plan to construct its first toll road spanning a distance of 13 miles through a public-private partnership (P3). This proposal, if approved by state lawmakers, would mark a significant development for the region. The estimated cost of this project is around $500 million, and
The Biden administration recently announced plans to resume offering free at-home Covid-19 tests to American households in late September. This decision comes as the virus continues to spread rapidly across the U.S., with a surge in cases during the summer months. The initiative, which allows Americans to request four free tests through COVIDtests.gov, aims to
In the period between August 2014 and August 2024, the shareholder returns for top homebuilders D.R. Horton and Lennar exceeded those of the broader S&P 500. Despite this initial success, analysts recently downgraded the investment outlook for both companies. This shift in sentiment has raised concerns among investors about the future performance of the industry.
Recently, ChainwirePlayFi, an AI-powered data network and blockchain tailored for the live content industry, announced the success of its Genesis Node Sale, which sold out in under 24 hours. This achievement signifies a strong demand for PlayFi’s network and highlights the community’s excitement for its upcoming debut on Mainnet. Let’s delve deeper into the reasons
The recent market volatility has been a rollercoaster ride for investors. From record climbs to steep global sell-offs, the unpredictability of the stock market has left traders on edge. The S & P 500 slipped, the 30-stock Dow showed signs of weakness, and even the Nasdaq Composite edged lower. Traders are eagerly awaiting clues from
The U.S. dollar experienced a decline in early European trading, following a recent rebound from seven-month lows, as investors awaited Fed Chair Jerome Powell’s speech at the Jackson Hole symposium. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower to 101.245 at 04:30 ET (09:30 GMT). Despite
The municipal bond market remained relatively stable on Thursday, with minimal changes in response to rising U.S. Treasury yields and a decline in equities. According to AllianceBernstein strategists, this year’s summer technical landscape has shown more strength compared to the situation in 2023. In the previous year, total returns for June through August were negative,
Lululemon Athletica, a well-known athletic apparel retailer, has made a name for itself by offering high-quality yoga-inspired activewear. The company’s journey began with a unique concept of a design studio by day and a yoga studio by night. Initially focusing on creating top-notch yoga wear, especially for women, Lululemon quickly gained popularity in the activewear
In July, closed sales of previously owned homes rose by 1.3% compared to the previous month. Although this marked the first gain in five months, sales were still 2.5% lower than the same time last year. The Northeast saw the biggest gains in sales, with the Midwest staying relatively flat. Prices also increased the most