Labor Market Overview - The labor market is defined by the supply and demand for labor [1] - Employees constitute the supply side, while employers represent the demand side [1] - Labor is a significant component of the overall economy [1]

Bitcoin supply on exchanges is crashing while institutions are buying like never before! https://t.co/mnguT8wOg0 ...

📊 UPDATE: Bitcoin supply on exchanges drops to a six-year low, per Glassnode. https://t.co/ONXCGPwHb0 ...

Risk premiums have increased since early September as a function of gold breaking fresh records. The risk premium for options is rising in assets from stocks to gold, even as implied volatility on benchmark indexes has been either steady or falling for most of this year. Most Read from Bloomberg While that may seem counterintuitive, it’s in large part because the actual market swings have been so lackluster. That’s boosting the risk premium, or difference between how much traders expect a market to move ...

Market Dynamics - Crude oil prices are influenced by global supply disruptions, OPEC decisions, and macroeconomic factors [1] - Gasoline prices are affected by regional markets, refining costs, crack spreads, and local factors like transportation, taxes, and environmental regulations [2] Cost and Pricing Factors - Gasoline prices incorporate refining costs and the profit margin from processing crude [2] - US gasoline requires seasonal blends, with summer formulations being more expensive to produce [2][3] - Retail gasoline includes fixed taxes, about 18% federally plus state variations, which insulate it from crude oil volatility [3] Inventory and Demand - Ample crude stockpiles can depress oil prices, while low gasoline reserves amid high driving demand raises pump prices [3] Structural Differences - Crude oil is a globally traded commodity, while gasoline is a refined product with regional markets [1][2] - These layers create lags and mismatches allowing opposite movement despite crude being gasoline's primary input [3]

Summary of Micron Technology Inc. (MU) Conference Call Company Overview - **Company**: Micron Technology Inc. (MU) - **Industry**: Semiconductors, specifically focusing on DRAM and NAND memory products Key Points and Arguments 1. **Strong Financial Performance**: Micron reported revenue of $11.32 billion, exceeding both Goldman Sachs' estimate of $11.25 billion and the Street's estimate of $11.12 billion. The gross margin was 45.7%, above Goldman Sachs' estimate of 44.6% and the Street's estimate of 44.7% [3][11][12] 2. **DRAM Market Health**: The DRAM market remains robust, with Micron's DRAM revenue reaching $8.98 billion, surpassing Goldman Sachs' estimate of $8.86 billion and the Street's estimate of $8.72 billion. The company expects DRAM bit demand growth in 2025 to be in the high-teens range, slightly higher than previous forecasts [3][6][10] 3. **NAND Market Tightening**: The NAND market has tightened significantly in recent months, with Micron's NAND revenue at $2.25 billion, which was below Goldman Sachs' estimate of $2.31 billion and the Street's estimate of $2.35 billion. However, the company anticipates NAND bit demand growth in 2025 to be in the low-to-mid teens range, an improvement from prior expectations [3][7][10] 4. **Capital Expenditure Plans**: Micron plans to maintain a capital spending baseline of approximately $18 billion for FY26, reflecting a 30% year-over-year increase. The company guided for FY1Q revenue of $12.5 billion, significantly above estimates [7][10][14] 5. **Earnings Guidance**: Non-GAAP EPS guidance for FY1Q is set at $3.60 to $3.90, with a midpoint of $3.75, well above Goldman Sachs' estimate of $3.07 and the Street's estimate of $3.09 [7][14] 6. **Market Share and Product Execution**: Micron's execution in the HBM (High Bandwidth Memory) segment is improving, with its market share now aligned with its overall DRAM share. The company has pricing agreements with six HBM3E customers, which account for most of its planned capacity [6][10] 7. **Risks and Neutral Rating**: Despite the positive outlook, there are potential risks, particularly regarding pricing retracement in HBM in 2026 due to the qualification of additional suppliers like Samsung. Therefore, the stock is rated Neutral for now, with a price target raised to $145 from $130 [9][10][17] Additional Important Insights 1. **CapEx Impact on Related Companies**: The positive outlook for Micron is expected to have a favorable read-across for companies like SanDisk (SNDK) and semiconductor capital equipment firms such as Lam Research (LRCX) and Applied Materials (AMAT) due to Micron's significant CapEx increase [2] 2. **Future Considerations**: Analysts may consider a more constructive stance on Micron if further supply/demand tightness is observed in 2026 or if there are signs of improved market share against competitors [10] This summary encapsulates the key insights from the conference call regarding Micron Technology Inc., highlighting its financial performance, market conditions, and future outlook.

Everyone knows that home affordability is a massive problem in the United States. Now, of course, people always focus on what some of the drivers of the problem are. We don't have enough regulation at the local level that empowers builders to build more supply. You don't have enough supply, home prices end up being unaffordable.Also, the cost of capital is too high. Mortgage rates are through the roof. And so, if people can't afford the mortgage payment, obviously, homes become unaffordable as well.But one ...

Oil rose to a three-week high after futures topped a key technical level, accelerating gains driven by US President Donald Trump’s increasingly hawkish rhetoric against Russia as traders watch for supply disruptions from the OPEC+ member. West Texas Intermediate rose as much as 2.3% to top $64 a barrel after Trump said he thought NATO nations should shoot down Russian aircraft that violated their airspace and struck a more sympathetic tone about Ukraine’s chances of winning the war. He also reiterated the ...

The US will briefly have enough rare-earth magnet capacity to meet domestic demand around 2028, before rapid growth from high-tech sectors drives the need for even more supply, according to consultancy Adamas Intelligence https://t.co/sJNR6MPYUC ...

China will ban new steel capacity and reduce production, in the latest move to help balance supply and demand in the 1-billion-ton a year industry https://t.co/OGGPlSAyFd ...