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Continental said it will develop and operate a patch in the Orinoco Belt that spans 126,000 acres and possesses an estimated 30 billion barrels of reserves.
Continental Resources signed a deal with PDVSA to develop the Ayacucho 2 Block, holding an estimated 30 billion barrels in Venezuela's Orinoco Belt.
Yardeni is still betting on big gains over the longer term, but sees big risks ahead amid the bond market slump.
Equity valuations appear unsustainably high as 10-year Treasury yields breach 5%, signaling market concern over inflation and fiscal deficits. Persistent inflation, elevated energy prices, and geopolitical risks drive expectations for a 'higher for longer' rate environment, undermining the bullish case for equities.
The Federal Reserve is widely expected to increase its key rate by a quarter of a percentage point, but mortgages and other consumer loans have already trended higher.
Retail Sales Boost Fed Rate Hike Case.
Top Pentagon technology official Emil Michael said the Trump administration shouldn't seek to nationalize or take government stakes in artificial intelligence companies. Michael, in an appearance on CNBC's "Squawk on the Street," also repeatedly signaled opposition to ramping up government regulatory oversight of those companies, echoing President Donald Trump.
The robust gain in retail sales added to a string of hot economic data in August, supporting the notion the U.S. economy is strong enough to withstand higher interest rates headed into the Fed's policy decision, analysts say.
Kevin Green believes a 25-bps interest rate hike from the Fed is baked into markets. The question comes down to whether Fed Chair Kevin Warsh's tone will tilt hawkish or dovish on the future of rate decisions.
Tenable Holdings, Inc. specializes in vulnerability and exposure management for 44,000 organizations, including 65% of the Fortune 500. Shares have surged ~75% since my May upgrade to Buy, driven by robust cash generation, margin improvement, and share count reduction. TENB's growth hinges on Tenable One and Hexa AI, which could sustain earnings and cash flow momentum if platform bookings translate to revenue acceleration.
August prints on Retail Sales and Imports were higher than expected this morning. All eyes are on today's interest rate decision from the Fed.
Circle CEO and Co-Founder Jeremy Allaire says he still believes the Clarity Act could become law even though it failed to pass the US Senate. The bill would mainly let the Commodity Futures Trading Commission regulate the digital assets industry.
The Federal Reserve is expected to hike interest rates for the first time in three years on Wednesday. Investors on Tuesday saw a greater than 90% chance of a quarter-point move this week and priced in another hike by the end of the year.
New Balance has sued French sporting goods company Decathlon in Massachusetts federal court for allegedly violating the sneaker maker's trademark rights in its "N" logo.
An interest rate hold from the Fed is not totally off the table, argues Scott Martin, though he sees the stock market continuing a bull run regardless of the decision. He believes investors will react positively if the Fed shows signs of stepping back and letting stocks and the economy "run on their own.
