Futures Markets News 

Breakfast battle: Prices of beloved drinks diverge on crop outlooks, trade wars

“Bearish bets have driven coffee futures down more than 17 percent since the start of the year, bringing the price close to a five-year low” writes unknown author for cnbc.com. Many analysts had projected coffee futures to rise in 2018 after slumping nearly 8 percent last year.Instead, coffee prices have fallen steadily since hitting $1.71 a pound in November 2016 – dropping 36 percent since that recent peak.According to the latest report from the U.S. Commodity Futures Trading Commission, net short positions in the coffee market hit a record of…

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Crypto News Platforms 

Super Green! 3 Cryptocurrencies Posting 40%…

“Many cryptocurrencies saw gains of 5, 10, even 15% or more, and a few standouts saw gains of more than 40%!” writes Cynthia Turcotte for livebitcoinnews.com. Can you think of other reasons these specific cryptocurrencies saw such high gains?. The platform’s native token, VET, is the fuel (gas) required to send transactions and execute smart contracts.So you can imagine my relief this morning when I saw that 90% of the cryptocurrencies in CoinMarketCap’s Top 100 had posted gains over the past 24 hours. Source: livebitcoinnews.com Share This:

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News 

Why MoviePass failed

“I’ve heard the joke a hundred times: MoviePass’ original concept failed because it gave away free money to subscribers” reports cnet.com. Lowe told me that as of July, MoviePass was paying full price for over a million AMC tickets every month — tickets it couldn’t get a discount on. But the big reason MoviePass failed was because it couldn’t make the right deals to bring down the price of those tickets — the main thing it needed to survive.But when I spoke to Lowe again early last month — just…

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News Stocks 

Dean Foods’ stock plunges toward 7-year low after J.P. Morgan turns bearish

“He slashed his stock price target to $6, which is 30% below Thursday’s closing price, from $9” writes Reporter Editor for marketwatch.com. The stock had already plummeted 25.4% year to date through Thursday, while the S&P 500 SPX, +0.40% had gained 6.3%.DF, -5.45% plunged 7.9% toward a seven-year low in premarket trade Friday, after J.P. Morgan turned bearish on the food and beverage company, citing no less than 10 reasons, including concerns over higher costs, eroding demand and competition for its milk business. Source: marketwatch.com Share This:

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Crypto News 

Desert bitcoin project raises questions over future of Western Sahara

“Morocco, which imports more than 90 per cent of its energy requirements and is home to a youthful and growing population, is in desperate need of diversifying its energy sources” writes Bethan Mckernan for independent.co.uk. The Rabat authorities have built several wind energy projects in Western Sahara so far, although several UN and European Court of Justice rulings have said that Sahrawis should have full control of development of the area’s natural resources.For all the revolutionary potential of bitcoin and other cryptocurrencies, the digital inventions are extremely bad news for…

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News Stocks 

Analysts are more bullish on Nvidia stock despite investor disappointment

“Nvidia said it expects third-quarter revenue of $3.19 billion to $3.32 billion, below the FactSet consensus of $3.34 billion” writes Reporter Editor for marketwatch.com. Nvidia Corp.’s fiscal second-quarter results and outlook disappointed investors, but it made Wall Street analysts even more bullish, as they brushed aside the surprise drop in cryptocurrency-mining sales and the softer outlook.That brought the number of bullish analysts surveyed by FactSet up to 21, and the number with the equivalent of hold ratings down to 12.One analyst upgraded the stock to the equivalent of a buy…

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News 

U.S. consumer sentiment drops to 11-month low in August

“The numbers: The University of Michigan said its consumer sentiment index in August fell to 95.3, down from 97.9 in July, the lowest level in 11 months” writes D C for marketwatch.com. That said, the one-year anticipated inflation rate stayed at 2.9%.The big picture: This is the first time in a while where perceptions of inflation really impacted the report.What they’re saying: “The data suggest that consumers have become much more sensitive to even relatively low inflation rates than in past decades. Source: marketwatch.com Share This:

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Markets News Stocks 

U.S. stock market is the star of Trump’s new world order

“The price of copper remains highly and inversely correlated with the value of the dollar (Fig. 4) and (Fig. 5)” writes Ed Yardeni for marketwatch.com. That’s when President Donald Trump started his “America First” protectionist campaign aimed at making free trade fairer trade with America’s major trading partners.The preceding statement doesn’t seem to apply to the trade-weighted dollar, which jumped 7.4% since the year’s low on February 1 through Tuesday of this week (Fig. 2).During the current bull market, I had been recommending a “Stay Home” investment strategy until the fall of 2016.Of course,…

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Crypto News 

Ethereum Classic Soars in Anticipation…

“Coinbase announced August 15 that it would be making Ethereum Classic (ETC) available for trading on its mobile app” writes Joshua Morris for livebitcoinnews.com. Ethereum Classic (ETC) is the second best performing digital currency in the last 24 hours second only to VeChain according to CoinMarketCap.The price pumps as the cryptocurrency expects to be made available on the mobile app of Coinbase later today.It’s also noteworthy that the substantial increase in the price of Ethereum Classic comes at times when other major digital currencies are depreciating in value. Source: livebitcoinnews.com Share…

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