SNC-Lavalin Group Inc. has had more than its share of woes lately. The company faces charges for bribery in Libya, posted two profit warnings for troubles in Chile and Saudi Arabia, and has lost almost half its value in nine months.Why, then, is Canadian Prime Minister Justin Trudeau risking his political career to rescue the construction firm? It comes down to three things: jobs, SNC's political...Read More

Our Senior V.P. of Research looks at the closely watched 2,800 mark on the S&P 500Schaeffer's Senior V.P. of Research Todd Salamone stopped by CNBC's Squawk Box this morning, where he discussedthe Fed's dovish stance and why it could result in the S&P 500 Index (SPX) moving past the stubborn 2,800 mark. To watch Todd's full remarks, click on the video player below. And to stay up to date with all...Read More

"Nordic #Gold has stopped mining and sacked its contractor at the Laiva mine in Finland, just months after restarting it | https://t.co/5vaSZDY4PY $NOR"Read full newsRead More

It's been a tough year as India's fourth-richest man has struggled to return to his roots.When Lakshmi Mittal, 68, left India for a vacation through Asia more than four decades ago, he didn't plan to stay in Indonesia and lay the foundation for a steel empire that spans the globe and generated $5 billion in profits last year. Yet that's what he did, even as a string of efforts to establish himself...Read More

Higher volatility could be on the horizon, if past is prologueThe Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) last week dropped every single session, marking the first time the indexes suffered a simultaneous five-day losing streak since November 2016, just before the presidential election. Below, we take a look at how the stock market barometers have fared...Read More

NKE stock touched a record high just last weekShoe giant Nike Inc (NYSE:NKE) is slightly elevated this morning,up 0.9% at $85.53, after Cowen and Company analyst John Kernanhiked his price target on the stock to $92 from $90. Further, Kernan explained that compared to competitor Adidas, Nike does well with its tightly controlled supply launches, which drive consumer engagement and full-price sal...Read More

China's "zombie" enterprises are impeding the country's economic transformation, said the country's biggest state aluminium producer, even though thousands of such unprofitable and indebted state-owned firms have been eliminated.There are three difficulties when it comes to getting rid of zombie firms, the official Xinhua news agency said, citing Ge Honglin, chairman of Aluminum Corporation of Chi...Read More

Analysts set high price targets on AAPL and FB stocksFAANG stocks Apple Inc. (NASDAQ:AAPL) and Facebook, Inc. (NASDAQ:FB) received analyst upgrades this morning, and the shares of both tech companies are trading higher as a result. We'll take a closer look at AAPL and FB below. For Apple, BofA-Merrill Lynch upgraded the iPhone maker to "buy" from "hold" and boosted its price target to $210 from $1...Read More

Caterpillar's Cat 797F large mining truck is now available in a fuel efficient configuration that meets U.S. EPA Tier 4 Final emissions standards. Through more than 16,000 hours of successful pilot machine operation and 100,000 hours of production truck operation in Tier 4 configuration, the system has proven its ability to deliver strong performance and greater fuel efficiency compared to the Tie...Read More

Caterpillar's Cat 797F large mining truck is now available in a fuel efficient configuration that meets U.S. EPA Tier 4 Final emissions standards. Through more than 16,000 hours of successful pilot machine operation and 100,000 hours of production truck operation in Tier 4 configuration, the system has proven its ability to deliver strong performance and greater fuel efficiency compared to the Tie...Read More

NVDA shares have consolidated below $160 recentlyThe shares of Nvidia Corporation (NASDAQ:NVDA) are up 1.9% to trade at $153.36, after the chipmaker agreed to buy Israel-based Mellanox Technologies (MLNX) for $6.8 billion in cash, the largest deal in the company's history. Nvidia reportedly beat out rival Intel (INTC) for the bid in an effort to expand data center technology. However, the company...Read More

Lengthy delays in securing mining permits and licences, onerous and inappropriate regulatory requirements, lack of funding for entrepreneurs, and a Mining Charter and implementation guidelines which are impractical for small operators - these are just some of the problems that confront start-up and existing alluvial diamond miners in the Northern Cape like Amo Marengwa and Lyndon de Meillon.Under...Read More

BA hasn't had six straight daily losses since NovemberThe shares of Boeing Co (NYSE:BA) are crumbling today, after one of the firm's 737 Max 8 planes run by Ethiopian Airlines crashed over the weekend -- resulting in 157 fatalities, and marking the second deadly crash for this specific plane in the last six months. In reaction, China, Indonesia, and Ethiopian Airlines have grounded 737 Max 8 aircr...Read More

Axovant stock is pacing for its best day in months The shares of biotechnology concern Axovant Sciences Ltd (NASDAQ:AXGT) are up 54% at $2.28 in early trading after announcing successful phase 2 trial results for itsParkinson's treatment, AXO-Lenti-PD. The news has the penny stock at the top of the Nasdaq and pacing for its best day in months. The equity has filly its early December bear gap in t...Read More

This article is reprinted by permission from NerdWallet. When the American ExpressAXP, +1.46% Gold Card relaunched in October 2018, the rich rewards it promised at restaurants made it one of the top credit cards for dining available. Cardholders are supposed to earn 4 points per dollar spent at U.S. restaurants (terms apply). But some have been reporting that the card doesn't consistently del...Read More

Russian gold and silver producer Polymetal increased its ore reserves by 15 percent last year to 24 million ounces of gold equivalent, the company said on Monday. Gold reserves rose 21 percent to 22.3 million ounces, while silver reserves fell 15 percent to 135 million ounces last year, Polymetal said.Mineral resources rose 44 percent to 26.3 million ounces of gold equivalent, the company said.(By...Read More

Russian gold and silver producer Polymetal increased its ore reserves by 15 percent last year to 24 million ounces of gold equivalent, the company said on Monday. Gold reserves rose 21 percent to 22.3 million ounces, while silver reserves fell 15 percent to 135 million ounces last year, Polymetal said.Mineral resources rose 44 percent to 26.3 million ounces of gold equivalent, the company said.(By...Read More

Japanese trading house Sojitz Corp said on Monday in a statement it would sell its 30 percent stake in the Bara Alam Utama (BAU) thermal coal mine in South Sumatra, Indonesia, to an existing partner for an undisclosed sum.The deal reflects the company's effort to rebalance its coal assets, shifting away from thermal coal investment and focusing more on coking coal, amid growing global concerns for...Read More

Fed Chair Jerome Powell continues to express optimism over the U.S. economyDow Jones Industrial Average (DJI) futures are getting clobbered this morning, trading nearly 200 points below fair value, in the wake of a deadly crash of a Boeing (BA) 737 Max 8 airplane operated by Ethiopian Airlines over the weekend. This is the second fatal crash involving the aircraft in six months. The blue-chip ind...Read More

It's amazing what just talking it out can achieve. After a parade of insults, suspect numbers and pitch decks, Barrick Gold Corp. and Newmont Mining Corp. have agreed to a deal. It isn't the deal Barrick originally pushed for; namely, a hostile full takeover of its rival. Instead, they will holster their Excel models and form a partnership in the one asset anyone really cares about: their Nevad...Read More