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Futures Slide After Broadcom Forecast Miss Chills Tech Euphoria
Futures Slide After Broadcom Forecast Miss Chills Tech Euphoria
US equity futures are weaker, dragged lower by Tech after a disappointing outlook from Broadcom triggered doubts that the blistering rally in technology shares had gone too far, a move exacerbated by euphoric positioning. As of 8:00am ET, S&P futures dropped 0.4%, while Nasdaq futures slumped 1.2%. Broadcom, which added around $150 billion in market value just this week, slumped 13% in US premarket trading after its forecast for artificial-intelligence semiconductor revenue in the current quarter fell short of expectations. CrowdStrike shares also drop 10% after...
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Jun 2, 2026 / Tyler Durden
HSBC Warns Of Commodity "Super-Squeeze" As Goldman Hikes Copper Forecasts
HSBC Warns Of Commodity "Super-Squeeze" As Goldman Hikes Copper Forecasts
Copper is inching closer to its mid-May all-time high of $14,153 a ton on the London Metal Exchange, trading around $13,832 on Tuesday morning, as Goldman raised its year-end price targets and HSBC warned that commodities face a "super-squeeze" with the Hormuz maritime chokepoint still largely shuttered in early June.
Let's begin with HSBC analysts, who wrote in a note to clients that "metal prices are generally in an upswing, driven by supply disruptions for some commodities due to the Middle...
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Apr 20, 2026 / Tyler Durden
USDA, US Army Break Ground On Texas Facility To Combat Flesh-Eating Parasite Spread
USDA, US Army Break Ground On Texas Facility To Combat Flesh-Eating Parasite Spread
Authored by Naveen Athrappully via The Epoch Times (emphasis ours),
U.S. officials broke ground for a New World Screwworm (NWS) sterile fly production facility in Texas to combat the flesh-eating parasites, which have spread across Mexico and pose a significant threat to America’s livestock, wildlife, and public health.
Located in Moore Air Base, Edinburg, the facility “is being built with an aggressive timeline designed to quickly expand the nation’s sterile fly production capacity,” the U.S. Department of Agriculture (USDA)...
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Mar 7, 2026 / Tyler Durden
Trump Announces Military Coalition With Latin American Leaders To Eradicate Cartels
Trump Announces Military Coalition With Latin American Leaders To Eradicate Cartels
Authored by Emel Akan and T.J.Muscaro via The Epoch Times,
U.S. President Donald Trump on March 7 welcomed his Latin American allies to Florida for a summit focused on addressing regional issues and announced a new military coalition to combat drug cartels in the Western Hemisphere.
“On this historic day, we come together to announce a brand new military coalition to eradicate the criminal cartels plaguing our region,” Trump said as he began his remarks at the summit.
He said that the...
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