Which retailers win and lose from high gas prices? Deutsche Bank sorts it out

Which retailers win and lose from high gas prices? Deutsche Bank sorts it out

As fuel prices continue to rise, companies indexed to higher-income customers may be best positioned to weather the elements, according to Deutsche Bank. The ongoing Middle East conflict has shocked global energy supply chains in recent weeks, spiking Brent crude futures back above the $110 per barrel level on Friday. Deutsche Bank analysts pointed out…

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Asia markets open mixed after Wall Street gains on positive inflation data

Asia markets open mixed after Wall Street gains on positive inflation data

 Asia-Pacific markets opened mixed Thursday after Wall Street continued to reach record highs over Fed-rate cut hopes and positive inflation data. Japan’s benchmark Nikkei 225 rose 0.23% in early trade, while the Topix index retreated 0.18%. South Korea’s Kospi advanced 0.67%, and the small-cap Kosdaq was up 0.2%. Over in Australia, the ASX/S&P 200 declined…

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Malaysia and Indonesia block Elon Musk’s Grok due to obscene, non-consensual content

Malaysia and Indonesia block Elon Musk’s Grok due to obscene, non-consensual content

Nikolas Kokovlis | Nurphoto | Getty Images Malaysia and Indonesia blocked access to Elon Musk’s artificial intelligence chatbot Grok over the weekend due to concerns that the tool was being used to generate non-consensual, sexually explicit and obscene content.  Malaysian regulators ordered temporary restrictions be placed on the chatbot from xAI on Sunday following “repeated…

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Murdoch to give Trump health updates in Epstein case deposition delay

Murdoch to give Trump health updates in Epstein case deposition delay

Conservative media baron Rupert Murdoch will give President Donald Trump regular updates on his health as part of an agreement to postpone Murdoch’s deposition in Trump’s $10 billion defamation lawsuit against him over a Wall Street Journal article about late sex offender Jeffrey Epstein. The unusual stipulation comes a week after Trump’s lawyers sought a…

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Cement stocks poised for a breakout to new highs, says Carter Worth

Cement stocks poised for a breakout to new highs, says Carter Worth

(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) Cement manufacturers Martin Marietta (MLM) and Vulcan Materials (VMC) are very similar businesses, with the shares in each company having a correlation of 92%. And right now, both stocks are toying with the prospect of breaking out to new 52-week highs and all-time highs….

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