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Dayton Daily News, Ohio77d agobearish
Dayton expansion plans continue as Joby faces federal investigation

Jul. 9—Dayton's Joby Aviation and rival Archer Aviation have been battling it out not just in a new industry, but in court and now before the U.S. International Trade Commission. The commission is investigating Joby based on a patent infringement and tariff evasion claim filed by Archer this year. How Joby is building its air taxi company in Dayton with workers who are 'production heroes' ...

Trump claims credit as Walmart drops prices on barbecue staples
Reuters Videos80d agobearishVIDEO
Trump claims credit as Walmart drops prices on barbecue staples

<body><p>STORY: Walmart said Monday it would cut prices on many summer barbecue favorites, including meat, chips and soda.</p><p>The move comes after U.S. President Donald Trump said the retailer was acting at his administration's request.</p><p>In a Truth Social post, he said Walmart would be lowering prices significantly, "to celebrate our great Country's 250th birthday."</p><p>Trump said the firm would, “be dropping the price for a pound of ground beef by almost 15%.”</p><p>Walmart said in a statement that the price of one pound of 73% ground beef roll would drop to $5.94 from $6.74 in its stores, a decline of about 12%.</p><p>The retailer also said it lowered prices on items including Coca-Cola and PepsiCo sodas and chips.</p><p>Prices for steaks and hamburger meat soared after a persistent drought burned pasture lands and hiked costs of cattle feed, forcing U.S. ranchers to slash their herds.</p><p>Now the price cuts mark a notable shift from last year, when Walmart warned that tariffs would push some prices higher, a move Trump had rebuked.</p><p>The president had previously encouraged low-tariff imports of Argentine beef to cool U.S. prices, which angered American ranchers.</p><p>He had also directed the Department of Justice to investigate whether U.S. meatpackers were colluding to raise prices.</p><p>Walmart is widely viewed by economists and investors as a gauge of U.S. consumer health because of its size and broad customer base.</p></body>

EWZ Could Be 2026’s Sleeper Trade, If Brazil’s Rate Cuts Don’t Get Derailed
24/7 Wall St.80d agobearish
EWZ Could Be 2026’s Sleeper Trade, If Brazil’s Rate Cuts Don’t Get Derailed

The setup for iShares MSCI Brazil ETF (NYSEARCA:EWZ) in 2026 only looks obvious in hindsight. Brazil’s central bank spent much of last year holding the Selic at 15%, one of the highest real rates in the world, and has now started cutting with a cautious 25-basis-point move. EWZ is up roughly 11% year to date ... EWZ Could Be 2026’s Sleeper Trade, If Brazil’s Rate Cuts Don’t Get Derailed

Fresh lawsuit drops bombshell on Micron stock price
TheStreet84d agobearish
Fresh lawsuit drops bombshell on Micron stock price

Micron Technology just delivered the best quarter in its history. However, three days later, a federal courtroom in California turned that story upside down. A class-action lawsuit filed on June 25 accuses Micron (MU), Samsung, and SK Hynix of secretly restricting memory chip supply to inflate ...

Jobs Report: Unemployment Rate Falls Despite Weak Hiring; S&P 500 Futures Rise (Live Coverage)
Investor's Business Daily84d agobearish
Jobs Report: Unemployment Rate Falls Despite Weak Hiring; S&P 500 Futures Rise (Live Coverage)

The June jobs report delivered two surprises with the unemployment rate unexpectedly falling even as hiring tumbled. Following the data, S&P 500 futures strengthened, while the two-year Treasury yield, which is linked to the Fed interest-rate outlook, climbed as markets digested the implications for future rate hikes. Because the Federal Reserve has stopped providing forward guidance under new Federal Reserve Chairman Kevin Warsh, creating uncertainty about future policy moves, markets could be a bit volatile.

Passive Indexers Are Shuffling Billions Into the Russell 2000 Just in Time for a Brutal Fed Reality Check
24/7 Wall St.85d agobearish
Passive Indexers Are Shuffling Billions Into the Russell 2000 Just in Time for a Brutal Fed Reality Check

JPMorgan Chase (NYSE:JPM) posted a fortress quarter as passive flows shovel capital into the iShares Russell 2000 ETF (NYSEARCA:IWM). JPM printed record markets revenue while the Russell reconstitution funneled $334 billion of mechanical buying into 2,000 small-cap names. Stacking the bank’s pristine balance sheet against a basket of floating-rate borrowers shows where defensive power sits ... Passive Indexers Are Shuffling Billions Into the Russell 2000 Just in Time for a Brutal Fed Reality Che