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The Fed did not cut rates, as expected they wouldn't, and Fed Chair Powell said he saw +0.6% higher inflation expectations from the last time the Fed cut.
As we prepare to honor our Juneteenth holiday Thursday with closed banks and stock markets, we see Weekly Jobless Claims pulled a day earlier to this morning.
Designed to provide broad exposure to the Large Cap Value segment of the US equity market, the SPDR Dow Jones Industrial Average ETF (DIA) is a passively managed exchange traded fund launched on 01/13/1998.
After a mostly weak Retail Sales report this morning, manufacturing data and homebuilder confidence underperformed expectations.
Retail Sales at -0.9% is the lowest we've seen since January, and below the -0.6% consensus.
The Nasdaq more than made up for Friday's selloff, +294 points today, +1.52%.
Condor Resources Inc. (TSX-V:CN, OTC:CNRIF) CEO Chris Buncic talked with Proactive about the company's significant progress at its Cobreorco project in Peru. Buncic explained that Teck Resources is earning a 75% interest in the project through a two-stage agreement, which involves staged cash payments and an investment of $10 million into drilling and exploration work.
We had thought, as of around mid-day yesterday, that all the major news items for the week had already passed. After all, both Consumer Price Index (CPI) and Producer Price Index (PPI) reports for May had already been released, marking the state of inflation in the U.S. economy. Also Weekly Jobless Claims and the small-business survey from NFIB came out.
VANCOUVER, BC / ACCESS Newswire / June 12, 2025 / Condor Resources Inc. ("Condor" or the "Company") (TSXV:CN) is pleased to announce that the Declaración de Impacto Ambiental ("DIA") for its Cobreorco project has been approved by the Peruvian Ministry of Energy and Mines ("MEM"). The DIA approval marks a key milestone in advancing the Cobreorco project, which is currently being progressed through the permitting process by a subsidiary of Teck Resources Limited ("Teck").
Further confirmation and details on the trade deal with China will be sought throughout the rest of this trading day.