Stocks are far from a bottom. The S&P 500 Index could easily hit 1,870 (it's 2,943 as of this writing) and the Dow Jones Index could fall to 15,000 (it's 24,360 as of this writing).Continue...Read More

CNBC's "Halftime Report" team is joined by David Tepper of Appaloosa Management to discuss his investment strategies amid the coronavirus pandemic.Read More

To understand the long-term consequences of the pandemic on Main Street and local tax revenues, we need to consider first and second order effects. The immediate consequences of lockdowns and changes in consumer Continue...Read More

Until the virus is under control, and until the reopening is viewed as a political issue - especially if continued state shutdowns help cripple the Trump economy ahead of the November election Continue...Read More

A list of Obama administration officials who participated in the 'unmasking' of former National Security Adviser Michael Flynn has been released by Sens. Ron Johnson and Chuck Grassley.Continue...Read More

While the silver price has been held in check at the $15 level over the last few weeks, that doesn't mean nothing is going on. Because to the contrary, the action beneath the surface is the most stunning thing I've studied in my entire financial career. Fortunately, one of the experts in this field, Ed Steer, of Ed Steer's Gold and Silver Digest, joined me on the show to provide an update on what...Read More

Novolipetsk (NLMK) Lipetsk, the main production site of NLMK Group, has completed assembly of the main process equipment at its continuous casting machine No.9, the company told Fastmarkets on Tuesday May 12.Commissioning and start-up are currently in progress at the machine, which has a production capacity of 1.8 million tonnes per year of heavy slab.NLMK will produce heavy slab with increased ch...Read More

Ely Gold Royalties reported that its common shares are now listed for trading on the OTC Markets Group's OTCQX marketplace. In a news release, Nevada focused gold royalty company Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; A2JSL0:FSE) announced that "it has qualified to trade on the OTCQX(R) Best Market and that Ely Gold shares have been upgraded to OTCQX from the OTCQB(R) Venture Market."Th...Read More

The European steel market will not recover from the drastic drop in demand caused by the measures to combat the spread of the Covid-19 virus until late 2020-early 2021, the European steel association Eurofer said this week."Although the wide uncertainty and the unprecedented nature of the crisis make it rather complicated to produce a reliable forecast at the time of writing, market conditions are...Read More

Black Tusk Resources' receives the okay to construct 18 drill pads. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) received the required permit to diamond drill at its McKenzie East gold project north of Val d'Or in Quebec, it announced in a news release.With the permit, the Vancouver, British Columbia-based explorer may construct 18 drill pads in addition to supporting water supply...Read More

Fed Chair Powell's bleak comments drove the Dow down over 600 points at its session lowsInvestors were unable to get over Fed Chair Jerome Powell's warnings this morning, as the Dow locked in an over 500-point loss by the close. Many traders are starting to have even more doubts about the surge stocks saw last week in anticipation of an already shaky economic reopening, with Appaloosa Management f...Read More

Disney has lost "powerhouse" status amid the coronavirus pandemic Entertainment and theme park mogul Walt Disney Co (NYSE:DIS) has stepped back from its normal "powerhouse" status amid the coronavirus pandemic, forced to close all theme parks across the globe and halt production on films and television series. This drop-off has triggered the security to fall back below its $200 billion market cap...Read More

Royal Caribbean is offering $3.3 billion in senior bondsThe shares of Royal Carribean Cruises Ltd (NYSE:RCL) are down 5.8% to trade at $34.21 at last check, amid news that the company is offering $3.3 billion in senior bonds, backed by 28vessels and two private islands for collateral. The cruise line plans to use the notes to repay a $2.35 billion loan as well as manage other aspects of the compan...Read More

The Dow is down over 300 points middayThe Dow Jones Industrial Average (DJI) is down over 330 points midday as economic data and increasing uncertainty due to Fed Chair Jerome Powell's comments on potential "downside risks" weigh on the market. As states begin to ease lockdowns, CEO of The Earnings Scout, Nick Raich, wrote that "everything is dependent on the next several months and how successfu...Read More

This will be Draftking's first earnings report as a publicly traded company Online sports and gaming name DraftKings Inc (NASDAQ:DKNG) is barreling towards a new all-time closing high today, up 4.2% at $27.40,after billionaire investor George Soros disclosed a stake in the company last night. The surge comes two days ahead of DraftKings' first-quarter earnings report, due out on Friday, May 15. T...Read More

Occidental Petroleum is offering voluntary buyouts to employeesThe shares of Occidental Petroleum Corp (NYSE:OXY) are down 4.5% at $13.91 at last check, following news that the company is offering their employees voluntary buyouts over the next two weeks -- citing issues and the massive decline in oil prices as a result of coronavirus. OXY posted a roughly $2 billion quarterly loss just last week...Read More

LVS has traded sideways in the last three weeksThe shares of Las Vegas Sands Corp. (NYSE:LVS) are down 1.1% to trade at $45.50, after the casino developer axed its Japanese casino pursuits. Although no specific reason was given, all signs point to the coronavirus pandemic. After the company made quick recoveries in other Asian markets, LVS CEO Sheldon Adelson said in a statement, "It is time for...Read More

Prices for hollow steel sections in Europe moved down this week because of poor demand, with eyes now turning to the upcoming renewals of the EU import quotas, sources told Fastmarkets on Wednesday May 13.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?580-590 ($628-639) per tonne, down from ?,?580-595 per tonne one week before.The EU i...Read More

Powell also remarked that more fiscal policy will be needed Dow Jones Industrial Average (DJI) futures are sitting right around fair value this morning, giving back sizable gains in the wake of some jarring headlines. First, the U.S. producer price index (PPI) tumbled by a larger-than-anticipated amount for April. But the real pivot came from Fed Chair Jerome Powell in a webcast event, remarking...Read More

Twilio's Programmable Video will power Zocdoc's new telehealth video service The shares of cloud concern Twilio Inc (NYSE:TWLO) are up 1% to trade at $192.16 this morning,right above last night's all-time closing high of $190.29, after announcing that its Programmable Video will power Zocdoc's new free telehealth video solution. The HIPAA-compliant video service will help healthcare professionals...Read More