One of the most well-known antidepressants in the country has fallen into short supply, as demand spiked due to mental-health strains caused by the Covid-19 pandemic.Continue...Read More

"The SBA inadvertently issued duplicate loan approvals to some small businesses. It is our impression that the majority of these borrowers are...honest small business owners who had applied for a PPP loanContinue...Read More

Covid-19 will have a decade-long impact on the economy according to the Congressional Budget Office.Continue...Read More

Leave it to the government to design stimulus checks that look like junk mail.This is a public service announcement.That junk-looking credit card Continue...Read More

Investors still appear to be under-allocated to gold, and negative rates could draw interest from retail to the official sector." Continue...Read More

"We continue to think that positions are too crowded and that prices are too high to recommend re-entering longs." Continue...Read More

Bulk alloys markets in Europe are coming under sustained pressure from weak demand, with prices for manganese alloys dropping through May, while ferro-silicon prices have been falling since April, sources said.Elsewhere, silico-manganese export prices have also been dropping in India, where recent restarts in production may be short-lived while producers consider cuts to stem or even reverse price...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices are on the increase in June. As far as this market is concerned, it appears as though the Covid-19 pandemic has had little impact so far, with prices on the most common grades of stainless steel just 2-4% lower than they were at the turn of the year in most markets.Even in Asia, a region often talked ab...Read More

Shares of Westwater Resources traded higher on greater than 100-times average daily volume after the company reported that positive independent test results on ULTRA-PMG(TM) demonstrated successful simulated full-scale processing of battery graphite. Energy materials development company Westwater Resources Inc. (WWR:NASDAQ) today announced that "independent testing of its ULTRA-PMG(TM) battery gr...Read More

The EU's plan to make electric vehicles a centerpiece of the continent's economic recovery has injected significant confidence into the global cobalt market, and has also renewed momentum for responsible sourcing across the whole supply chain, according to the head of Eurasian Resources Group (ERG).Recent government and industry association initiatives across the EU may also provide the boost requ...Read More

Continued protests and the civil unrest that comes with them do little to deter investorsCivil unrest around the U.S. didn't hinder a rise in markets, with the Dow managing to tack on 267 points as investors eyed a reopening economy over protests. Meanwhile, the S&P 500 barely inched its way into positive territory, mostly in part to a lift in bank stocks, while the Nasdaq also struggled to mark a...Read More

Call volume is surging in the options pitsThe shares of online pet store Chewy Inc (NYSE:CHWY) are seeing a surge in call volume today, with 48,000 contracts traded compared to just 6,000 puts. Most popular is the weekly 6/5 50-strike call, where new positions are being opened. Second is the 45-strike call in the same session, which also happens to be the sixth most popular open interest positio...Read More

Planet Fitness reopened around 800 facilities in North AmericaThe shares of Planet Fitness Inc (NYSE:PLNT) are soaring today, up 7.6% at $72.66 at last check, after the fitness center franchise reported about 60% of its customers returned amid the reopening of around 800 gyms across the U.S. and Canada in the last week. Furthermore, the company also reported that memberships remain stable in gym...Read More

The Dow and S&P are higher midday, while the Nasdaq has taken a breather The Dow Jones Industrial Average (DJI) is trading up around triple-digits this afternoon, with stocks tied to the reopening U.S. economy leading the charge. The S&P 500 Index (SPX) is hovering at breakevenby midday, while a lackluster day for the tech sector has the Nasdaq Composite (IXIC) paring some of its earlier gains....Read More

Starbucks asked employees to further limit working hours or take unpaid leaveThe shares of Starbucks Corporation (NASDAQ: SBUX) are down 0.8% at $77.68 this morning, after the company asked employees to further limit their hours or take unpaid leave until September. Though the popular coffee chain has regained nearly two-thirds of its comparable U.S. sales from the past year as it reopens stores,...Read More

Spain's steel production declined in April due to Covid-19-related restrictions, with output sinking below the figures reached over the "worst months of the financial crisis in 2008," Unesid, the country's steel association, said.Last week, the Spanish government extended its Covid-19 lockdown for the fifth time until June 7, discarding the original end date of May 24.The steel sector was allowed...Read More

Western Union has offered MoneyGram a takeover offerOne of the best stocks on the Nasdaq so far today is MoneyGram International Inc (NASDAQ:MGI), up 32.4% at $3.43 at last check. The big move from the penny stock comes after Bloomberg News reported on a possible takeover offer from money transfer rival Western Union (WU). Following the news, BTIG chimed in that the combination would be subject t...Read More

Dick's Sporting Goods first-quarter losses and revenue were well below Wall Street's estimatesSports retailer Dick's Sporting Goods (NYSE:DKS) entered the earnings confessional this morning, reporting first-quarter losses and revenue that came in lower than analysts' estimates. Same-store sales missed estimates as well, falling nearly 30%, though its e-commerce sales more than tripled. As a resul...Read More

Several analysts are issuing bull notes to Slack stock todaySeveral analysts are raving about work-from-home staple Slack Technologies Inc (NYSE:WORK) this morning, including Cowen, which initiated coverage with an "outperform" rating and a $45 price target. The brokerage noted the recent shift to permanent remote work, sparked by stay-at-home orders, has given Slack the opportunity to accelerat...Read More

ADM is well overdue for a round of downgradesLast week, at Schaeffer's we dove into how the S&P 500 Index (SPX) is behaving during the current market turmoil, specifically exploring what, if anything, we could expect going forward. The analysis used an oscillator index called the Choppiness Index, and showed how the S&P 500 has performed based on specific key levels, including various spikes and b...Read More