The U.S. is about to reclaim the top spot on the list of the world's fastest supercomputers. Summit, a $200 million system designed by International Business Machines (NYSE:IBM) for the Department of Energy's Oak Ridge National Laboratory, is tailor-made for big data and artificial intelligence (
Oil futures set off on a positive start Monday as the first decline in U.S. oil-drilling activity since January gave the market a fresh tailwind after seven-consecutive sessions of price gains.
The drop in Baker Hughes weekly count, coming after a record 23-straight weeks of rising numbers of active rigs, helped stoke sentiment that shale producers may have hit a bottleneck amid prolonged....More>>>
Overall, 29 states (including D.C.) have medical marijuana laws on the books and eight states have embraced recreational marijuana markets. Creating those markets is complex, but tax revenue statistics suggest the effort is worth it. Marijuana advisory firm GreenWave Advisors estimates marijuana sales taxes added $1.6 billion to state tax receipts last year,and GreenWave’s Matt Karnes estimates....More>>>
Stocks across most Arab markets advanced on Sunday as the risk of a military showdown between the U.S. and Russia in Syria that would roil the region faded.
Saudi Arabia’s Tadawul index led the advance as all but one stock rose, and Dubai’s main equity gauge climbed the most since June. Shares in Abu Dhabi gained as much as 1.3 percent, sending the benchmark index to the highest....More>>>
Best Biotech ETF: The biotech sector has been greatly outperforming the broader markets over the past three months. In fact, the Nasdaq Biotechnology sector has climbed more than 14% since June, while the Dow is up just 2% in that time.
And we see those biotech gains continuing from here. That’s why we’re bringing readers the best biotech ETF to buy now.
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The coffee trade is setting up for another bounce. When we pocketed a 30% gain on the iPath Bloomberg Coffee Subindex Total Return Fund (JO) last month, I wrote that we'd look to get back into the position when coffee relieves its overbought position and comes back down toward a support level. I didn't think it would happen so soon. But here we are… Let's....More>>>
Susquehannas Pablo Zuanic takes a look at consumer food companies in the wake of Brexit, and writes that Coca-Cola Enterprises (CCE), Mondelez (MDLZ) and SodaStream (SODA) have the most exposure to the British pound and euro, which are falling today.
Equities analysts forecast that SunCoke Energy Partners (NYSE:SXCP) will post sales of $208.03 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for SunCoke Energy Partners’ earnings. The lowest sales estimate is $202.60 million
Piermont Capital Management Inc. decreased its position in Genesee & Wyoming (NYSE:GWR) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,850 shares of the transportation company’s stock after sel