"Although we see strong Windows demand in line with our expectations, the supply chain is returning to normal operations at a slower pace than anticipated at the time of our Q2 earnings call," Continue...Read More
"Almost 10% of our international footprint is in China, and we are doing everything we can to support our franchisees and our teams in that region," Lynch said.Continue...Read More
Hong Kong's Financial Secretary Paul Chan Mo-po is set to unveil a HK120 billion relief deal which includes 'helicopter money' - giving every Hong Kong permanent resident over the age of 18 a cash handout of Continue...Read More
Jordan Roy-Byrne looks at the monthly charts for gold, GDX and silver. Gold is setting up to have a very strong monthly close this month, however, silver and gold stocks still need to move higher to truly breakout for the end of the month. All are in bullish formations but there is some catch up still needed. Jordan also discusses the Fed's future actions and how that will help to drive gold stock...Read More
A slowdown in gold sales in India and China and extremely high levels of speculative longs in the gold market are contributing to a pullbackContinue...Read More
"David (Morales) said the Americans were desperate and had even suggested more extreme measures could be applied against the guest to put an end to the situation."Continue...Read More
The prices for hollow steel sections in Europe were unchanged this week with mills struggling to pass on higher feedstock costs to their customers, sources told Fastmarkets on Wednesday February 26.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?620-650 ($673-706) per tonne on Wednesday, unchanged week on week.Despite the rising cost of...Read More
Goldcliff Resource announced that it has released its management discussion and analysis. Nevada RandIn a news release, Goldcliff Resource Corp. (GCN:TSX.V; GCFFF:OTCBB) President George Sanders reported that "the company recently filed its Annual Audited Financial Statements and Management Discussion and Analysis.""Of primary significance is the acquisition of the Nevada Rand gold property in M...Read More
First, Nexus Gold must complete the permitting process, which is underway. Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced in a news release that it will start a diamond drill program at its McKenzie gold project in Ontario's Red Lake District once permitting is done, expected in the coming weeks. "Prior work by other operators at McKenzie has produced some compelling results, both through sa...Read More
Now, MAG Silver and Fresnillo are targeting mid-2020 for start-up. MAG's Juanicipio JV ProjectJoint venture partners MAG Silver Corp. (MAG:TSX; MAG:NYSE A) and Fresnillo Plc (FRES:LSE) announced in a news release that their Juanicipio underground mine in Mexico will start producing silver and gold ahead of schedule, in mid-2020."We continue to derisk and refine the best construction plan that wil...Read More
Defense Metals' decision to move forward marks another milestone in the advancement of its Wicheeda project. In a news release, Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) announced that starting in April, it plans to conduct flotation pilot plant processing of the 30-ton bulk sample from its Wicheeda rare earth elements (REEs) property in British Columbia.The company based its decisi...Read More
Bob Moriarty of 321gold rings the alarm bells on the fallout from the coronavirus. Exactly a month ago I warned that the coronavirus outbreak was going to pop the "Everything Bubble." I did something fairly subtle. I buried my main message under a whole heap of cow manure. It doesn't make a rat's ass if I was right or wrong about calling for a market crash in October or the Fed dumping piles of n...Read More
China's steel industry has faced difficulties in production and sales since the first working day after the Lunar New Year holiday due to the novel coronavirus (2019-nCoV) outbreak, which has led to some 78,000 infections and close to 2,700 deaths in the country so far.Here are eight key effects of the outbreak has had on the Chinese steel industry, according to the China Iron & Steel Association...Read More
The 10-year treasury bond yield sank to record lowsThe Dow turned in its fourth-straight triple-digit loss today, as the rapidly spreading coronavirus continues to grip Wall Street. The blue-chip index let an over 460-point gain slowly slip throughout the day, after the Food and Drug Administration (FDA) warned COVID-19 was on the cusp of a pandemic and the U.S. confirmed a new case. The S&P 500 a...Read More
Taking a look at Target stock ahead of next week's earnings report Target Corporation (NYSE:TGT) stock has been in sell-off mode since the broad-market pullback, now nearly 6% lower for the week. While stocks seem to be making a comeback, TGT is still inching lower, down 0.9% at $110.70 at last check. This comes just ahead of the retailer's fourth-quarter earnings report, which is due out before t...Read More
3 names seeing heavy options trading todayThree names seeing unusual options activity today are Gilead Sciences, Inc. (NASDAQ:GILD), Oracle Corporation (NYSE:ORCL), and TJX Companies Inc (NYSE:TJX). Below we'll break down why options traders are targeting GILD, ORCL, and TJX in today's trading. GILD stock is trading up 2.9% today at $72.16, as traders monitor the coronavirus outbreak, with Gilead...Read More
Bulls should be watching MDT closelyCoronavirus, or COVID-19, continues to be the talk of the Street. We've had a few brief respites from the outbreak concerns, but for the most part the "major" market moves have revolved around the latest headlines around the virus. The fears really heated up when tech bellwether Apple (AAPL) said its revenue for the quarter could be softer than expected, and thi...Read More
Eastern China's Shagang has decreased the prices for its long steel products booked over the March 1-10 period, according to a company announcement late on Tuesday February 25.HRB400 rebar (16-25mm): 3,650 yuan ($520) per tonne, down 230 yuan...Read More
The Dow has added roughly 350 points by middayThe Dow Jones Industrial Average (DJI) is deep into triple-digit territory at midday in a effort to recoup the two-day slide that devastated the blue chip index. Meanwhile, strong gains in the finance and healthcare sectors are giving the S&P 500 Index (SPX) a boost, with the former getting a lift from a bounce-back in the 10-year Treasury yield. The...Read More
DIS is trading at its lowest point since AprilThe shares of Walt Disney Co (NYSE:DIS) are sitting out the Dow's furious rally from this week's steep drop. DIS is the worst Dow stock today, down 1.4% to trade at $126.44, after it was announced CEO Bob Iger will be stepping down. Although he will remain company chairman, Bob Chapek, prior head of Disney Parks, will succeed Iger. Cowen and Company ca...Read More