Mark Zuckerberg’s Meta Is Putting Its In-House Iris AI Chip Into Production in September as Part of a Plan to Double Its Computing Capacity to 14 Gigawatts

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Key Points Meta’s plan to build more efficient AI compute capacity could be significant for shareholders. Meta’s forward P/E multiple lags behind those of most of its “Magnificent Seven” peers. Wall Street remains skeptical about Meta’s capital spending plans, yet the company continues to report robust ad revenue growth. 10 stocks we like better than […]

The New Oil? Why the World Is Chasing Copper

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Copper, often called the “metal of electrification,” has emerged as one of the most strategically important commodities in the global economy. Once viewed mainly as a basic industrial metal, copper is now at the center of the world’s transition toward clean energy, electrification and digital infrastructure. The sharp rise in copper prices in recent years […]

US June import prices +0.3% vs -0.7% expected

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Prior import prices +1.9% (revised to +1.7%) Export prices -0.6% vs -0.4% expected Prior export prices +1.3% (prior revised to +1.2%) The import number swings the other way from CPI and PPI, perhaps highlighting that inflation pressures aren’t going away. At the same time, oil prices are near the highs of the day with brent […]

This Week’s Market Wrap: AI Shakeup, Earnings, And Renewed Oil Shock

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Cited by Barron’s as one of the top financial websites to visit on the weekend, Financial Sense (www.financialsense.com) provides educational resources to the broad public audience through a daily podcast, editorials, current news and resource links on salient financial market issues. Begun in 1985 as a local talk radio program, Financial Sense Newshour (www.financialsense.com/financial-sense-newshour) is […]

Occidental Petroleum Cut Its Capital Spending by 8% for 2026. Should the Oil Giant Rethink Its Plans with Crude Prices Now Up 30%?

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Everyone deals with some form of temptation. Even companies with energy and mining outfits are prime examples, so with oil prices high today, mostly due to the war in Iran, it’s a good time to discuss corporate temptation as it relates to energy stocks, including Occidental Petroleum (OXY +2.25%). When it reported first-quarter results in […]

Cattle Continues Slide into the Weekend on Weaker Cash and Beef

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Live cattle futures posted losses of 97 cents to $2.67 across most contracts on Friday. August was down $10.77 this week. Cash trade settled in at $238-240 in the north this week, with Southern trade at $237-238. Feeder cattle futures were down 65 cents to $2.20 on Friday, with August dropping back $8.65. The CME […]

Some of Berkshire’s Newest Bets Aren’t American. Greg Abel Bought 3 Japanese Trading Houses Last Quarter.

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Since Greg Abel took over as Berkshire Hathaway‘s (BRKA 0.18%)(BRKB 0.45%) CEO at the start of the year, investors have been watching to see what he does with the conglomerate’s war chest. Filings with Japanese regulators gave an early answer last quarter. Berkshire disclosed that its stake in trading house Mitsubishi (MSBHF 1.14%) climbed to […]

Builder Confidence Remains Stuck Near Post-Recession Lows

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Builder sentiment weakened further in July as affordability challenges and ongoing economic uncertainty continued to weigh on the market for new single-family homes. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) slipped two points to 34, marking the 15th consecutive month the index has remained below 40–the longest such stretch since […]

PF after retirement: When does your EPF balance stop earning interest? EPFO rules explained

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If you have retired but have not yet withdrawn your Employees’ Provident Fund (EPF) balance, your savings may still be earning interest. However, the period for which interest is credited depends on the age at which you retire. Under the EPF Scheme, 2026, the rules differ for members who retire before 55 and those who […]

Corn Prices Plummet—but Farmers’ Land Is Getting More Valuable

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Corn farmers are heading into another difficult year—one that could well tip the industry into unsustainable territory thanks to a dangerous combination of soaring land costs and plummeting crop prices. The global benchmark price for corn fell from about $349 per metric ton in April 2022 to $196 in June 2026—a decline of roughly 44%. […]