"We're in the final throes of a very important deal, I guess you could say one of the most important deals in trade ever. It's going very well but at the same time we want to see Continue...Read More
Federal prosecutors have reportedly opened a criminal investigation into whether pharmaceutical companies intentionally allowed opioid painkillers to flood communities.Continue...Read More
Dallas Fed President Robert Kaplan says fourth-quarter growth will be "weak" but he sees growth reaching about 2 percent in 2020.Continue...Read More
"Investment deficit creates excess savings, supporting gold. In theory, savings should equal investment, but due to Continue...Read More
Every year human behavior gives us a month long sales event where investors dump shares just like the after Christmas sales rack at Macy's. Continue...Read More
"When the Armistice Line comes down not long from now, Korea is going to be the most interesting place in the world."Continue...Read More
Seaborne iron ore prices fell back below $90 per tonne cfr China on Tuesday November 26 after reclaiming the mark a day earlier, amid losses in steel markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $89.30 per tonne, down $1.62 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $89.33 per tonne, down $1.62 per tonne.62% Fe low-alumina fines, cfr Qingdao: $88.71 per ton...Read More
Within the tested zone, results show two discrete areas of mineralization and extend the strike length. Benchmark Metals Inc. (BNCH:TSX.V; CYRTF:OTCQB) announced in a news release new drill results from the Amethyst Gold Breccia zone at its Lawyers project in British Columbia's Golden Horseshoe. In drill hole 19AGBDD007, two separate zones of mineralization were encountered. The upper zone demons...Read More
Domestic prices for steel reinforcing bar in the United Arab Emirates increased over the past week due to strong demand, market sources said on Tuesday November 26.Further increases are expected due to global gains in production costs, market participants in the UAE said, adding that low stock levels in the country will spur more buying.Billet importsBillet was booked from Oman at about....Read More
Import prices for steel slab in Southeast Asia and East Asia were stable over the past week due to poor demand despite rebounding prices for downstream flat steel products."Demand remains lackluster because the price spread between slab and hot-rolled coil is not wide enough for re-rollers to accept," a trader in Taiwan said.Restocking activity in Southeast Asia's main HRC import market in...Read More
Eastern China' rebar prices dropped slightly on Tuesday November 26, with participants telling Fastmarkets they expected prices to start trending downward on weakening winter demand.Eastern China (Shanghai): 4,080-4,110 yuan ($580-585) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,800-3,840 yuan per tonne, unchangedRebar futures decreased sharply over the day, pushing down east...Read More
Trading volumes started to thin out during the holiday-shortened weekStocks spent most of the day trading in positive territory, with the Dow, S&P 500, and Nasdaq all hitting record highs, though they closed with only modest gains. Retail earnings were again in focus, with mostly favorable reactions, while investors also weighed a batch of lukewarm economic data. Overall, however, it was a somewha...Read More
The New York Post featured an upbeat article on Disney+ subscriber growthWalt Disney Co (NYSE:DIS) stock's red-hot run is continuing today, up 2% to trade at $152.67, earlier tagging a record high of $153.41. This puts the shares -- which just wrapped up a six-week win streak -- on track for a third straight daily gain, and brings its month-to-date return to 17.6%.Today's pop comes courtesy of a N...Read More
The European Union has launched a complaint to the World Trade Organization (WTO) against Indonesian export restrictions on raw materials used in the production of stainless steel, the European Commission (EC) said on November 22.The EC claims that the restrictions unfairly limit European stainless steel producers' access to raw materials, including nickel as well as scrap, coal and coke, iron ore...Read More
CCXI has more than tripled today after upbeat blood disease drug dataStocks are hitting new highs once more, this time thanks to a busy day of retail earnings and economic data. Among the names making notable moves today are drugmaker ChemoCentryx Inc (NASDAQ:CCXI), discount retailer Dollar Tree, Inc. (NASDAQ:DLTR), and cybersecurity name Palo Alto Networks Inc (NYSE:PANW). Here's a quick look at...Read More
Short interest has shot 420% higher year-to-date on KDP Beverage stock Keurig Dr Pepper Inc (NYSE:KDP) has been moving higher on the charts long term, recently seeing an extra push from a volatile post-earnings bull gap earlier this month. The equity has since pulled back from its Nov. 7 record peak, but still remains at twice its 2016 lows, pointing to potentially strong technical footing for KDP...Read More
Abercrombie stock hit a one-month low after a disappointing third-quarter report Abercrombie & Fitch Co. (NYSE:ANF) joined the slew of retailers reporting earnings today, unveiling a third-quarter adjusted profit of 23 cents per share and revenue of $863.5 million -- both of which missed analysts' estimates. The company also trimmed its full-year sales growth forecast, blaming declining same-store...Read More
Dick's Sporting Goods is one name surging post-earningsStocks have muscled their way to new highs today, with the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) each hitting fresh all-time peaks earlier. Retail stocks are some of the day's best performers so far, thanks to positive earnings reactions for several names, including Dick's Sporting Goods (DKS). Tr...Read More
GBT calls are popular todayGlobal Blood Therapeutics Inc (NASDAQ:GBT) earlier hit an all-time high of $69.69 after the Food and Drug Administration (FDA) approved the company's drug for sickle cell disease, and though the shares have given up almost all these gains -- possibly because their 14-day Relative Strength Index (RSI) of 76 was showing overbought conditions even before today -- they're st...Read More
There's a lot of pessimism around SQ to be unwound When we last checked in with Square Inc (NYSE:SQ), the payments processor was higher post-earnings despite a flurry of bear notes. Now, almost three weeks later, SQ is up 0.8% to trade at $68.80 today, after Macquerie initiated coverage with an "outperform" rating and $105 price target. The analyst in coverage noted Cash App was gaining ground on...Read More