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Futures Slide After Google Earnings, Oil & Bond Yields Jump On Houthi Escalation
Futures Slide After Google Earnings, Oil & Bond Yields Jump On Houthi Escalation
US equity futures are lower as WTI breaches $90/bbl and Brent approaches $100/bbl (Houthi escalation in the Red Sea as two Saudi tankers were struck), pushing bond yields higher with longer-dated yields seen making new highs, globally. But, Alphabet's underwhelming results - while dragging down Mag7 names - are boosting Semis / AI (CapEx spend) which may mean the market is returning to its barbell of longs in AI / Semis plus Energy versus shorts in Rate-sensitives.
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Authored by Zoltan Vardai via CoinTelegraph.com,
Market operator Cboe Global Markets has entered the prediction markets business with the launch of Cboe Predicts, a platform debuting with binary contracts tied to the S&P 500.
The contracts are now available through Interactive Brokers and are expected to launch at Charles Schwab and other retail brokerage platforms in the coming months, according to a Tuesday press release.
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Trump Says Walmart Will Slash Ground Beef Prices In "Huge Deal" For Consumers
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President Trump said retail giant Walmart will slash prices on a range of products at his administration's request, including a 15% reduction in ground beef prices. The move comes on top of falling gasoline and diesel pump prices as the administration intensifies its affordability push and makes it clear that capitalists, not socialists, will solve the cost-of-living crisis.
"Walmart will, in particular, be dropping the price for a pound of ground beef by almost 15%, among many other products....
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