MP Materials Stock Surges on Major Investments
MP Materials saw its stock price soar 102% since last week, boosted by a $400 million Pentagon investment announced shortly after Louis Navellier named it as a top pick during a broadcast. The stock increased by 51% on the day of the announcement and further rose by 24% following Apple’s additional $500 million investment.
June Consumer Price Index (CPI) Report Released
The June CPI rose by 0.3%, bringing the annual inflation rate to 2.7%, the highest since February. Core CPI increased by 0.2%, with an annual rate of 2.9%. Futures traders now reflect a 97.4% probability that there will be no interest rate cut at the Federal Reserve’s July meeting, down from a 71.7% likelihood of at least two cuts by year-end, now at 62.9%.
Robotics Market Growth and Potential Disruption
The global industrial robot population has surpassed 4 million and is expected to exceed 6 million within three years. With the average cost of an industrial robot dropping significantly, the Robotics-as-a-Service business model is making automation more accessible. This boom may also lead to significant labor force disruptions, particularly in the trucking industry, where automation could displace millions of jobs.
