To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year's December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels daily, including from Russia, to reverse the free fall of oil prices. At the time, it worked because everyone was desperate. Now, many O...Read More

AZO is pacing for its best day since March 2009Shares of AutoZone, Inc. (NYSE:AZO) stock are up 7.2% to trade at $884.04, and just touched a record high of $894.37, as traders applaud the firm's earnings. The company reported stronger-than-expected fiscal first-quarter earnings, and same-store sales also beat estimates. As such, AZO is pacing for its best day since March 2009.Since its April 20 lo...Read More

BELGRADE - Serbia's mining industry could expand to 5 percent of national output by 2023 if foreign investors keep commitments to plough millions of dollars into copper and lithium production, its mining minister said.The sector currently accounts for 1 percent of Serbia's gross domestic product. But since 2000, when a decade of isolation of the former Yugoslavia ended, more than 40 foreign compan...Read More

BELGRADE - Serbia's mining industry could expand to 5 percent of national output by 2023 if foreign investors keep commitments to plough millions of dollars into copper and lithium production, its mining minister said.The sector currently accounts for 1 percent of Serbia's gross domestic product. But since 2000, when a decade of isolation of the former Yugoslavia ended, more than 40 foreign compan...Read More

Ivan Glasenberg said there will be a generational shift at the top of Glencore Plc over the next few years, suggesting a period of upheaval for the world's largest commodity trader that's unprecedented in its short history as a public company.Glasenberg said he's actively looking for the next chief executive and plans to retire in the next three to five years. He also announced the retirement of t...Read More

The shares have already doubled in the past yearBioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) stock has been on fire lately, more than doubling in the past year. What's more, analysts at RBC see lots more upside in store for BCRX shares, hiking their price target to $16 from $10 -- representing a premium of about 73% to the security's close of $9.27 on Monday, and in territory not charted since mid...Read More

The shares recently broke below long-term supportBack in October amid the broad-market sell-off, beer maker Constellation Brands, Inc. (NYSE:STZ) broke below a trendline that had supported its rise since 2012. The stock was swiftly rejected after rallying back to this trendline earlier this month, and the $200 area -- site of the August lows -- has also emerged as resistance. Now down more than 14...Read More

HSBC said Apple is "facing the reality of market saturation"Apple Inc. (NASDAQ:AAPL) is one of the worst performers on the Dow in early trading, after HSBC downgraded the FAANG stock to "hold" from "buy," and cut its AAPL price target to $200 from $205. The brokerage firm said the tech titan's "iconic hardware unit growth is broadly over for now," and that it's "facing the reality of market satura...Read More

Fred Imbert| @foimbertPublished 15 Hours AgoUpdated1 Hour AgoCNBC.com show chapters Trading Nation: S&P 500 Nears Death Cross   5 Hours Ago |04:16 Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. Lingering worries around U.S.-China trade also added to jitter...Read More

Impala Platinum Holdings Ltd. said it's open to acquiring low-cost assets as the struggling miner looks beyond a plan to close unprofitable shafts in South Africa.The No. 2 platinum producer, known as Implats, is playing catch-up with larger rival Anglo American Platinum Ltd., which is boosting output and profit after shifting to lower-cost operations. Chief Executive Officer Nicolaas Muller said...Read More

Oil prices are set for another positive session as expectations rise for a production cutDow Jones Industrial Average (DJIA) futures are signaling a lower start, as Wall Street reacts to a lack of details surrounding a U.S.-China trade truce. Optimism surrounding the deal sent stock markets surging to start the month, but Bloomberg reports no paper trail exists and Beijing has yet to confirm any c...Read More

The brokerage firm maintained its rating and lofty price target, thoughThe shares of Activision Blizzard, Inc. (NASDAQ:ATVI) are down 0.2% in electronic trading, after Wedbush removed the video game maker from its "Best Idea" list. The brokerage firm did however maintain its outperform rating and $81 price target on ATVI. This reevaluation follows ATVI's struggles in recent months. Since its...Read More

The global hunt for high-quality, low-risk copper assets that are ready for construction is about to get tougher after Teck Resources Ltd. sells a stake in one of the few deals available.Sumitomo Corp. and Sumitomo Metal Mining Co. agreed to pay $1.2 billion for 30 percent of the Compa??ia Minera Teck Quebrada Blanca SA project in northern Chile. The mine, which will require an estimated investmen...Read More

A new 52-week low in USO's share price coincided with a fresh high in call open interestThe fourth-quarter sell-off in oil prices has been fairly massive in magnitude, with the West Texas crude-tracking United States Oil Fund (USO) down about 34% from its Oct. 3 intraday peak of $16.24. The commodity fund's collapse occurred with such blinding speed that its 50-day and 200-day moving averages are...Read More

* China copper premiums at 18-month low * GRAPHIC-2018 asset returns: (Updates with closing prices)By Zandi ShabalalaLONDON, Dec 4 (Reuters) - Copper eased on Tuesday as marketsawaited remedial action by the United States and China after thetwo countries' weekendagreement on a 90-day ceasefire in theirdamaging trade dispute. Other metals, however, clung on to the previous session'sgains, powered b...Read More

Following a very detailed process, Miramont Resources (CSE: MONT) finally received a drilling permit for its Cerro Hermoso project in southern Peru. The permit was granted after a series of assessments conducted by the Peruvian Ministry of Energy and Mines -known as MEM- to determine if Indigenous groups could be affected by the Canadian miner's activities. "We are very happy to begin our drill pr...Read More

Following a very detailed process, Miramont Resources (CSE: MONT) finally received a drilling permit for its Cerro Hermoso project in southern Peru. The permit was granted after a series of assessments conducted by the Peruvian Ministry of Energy and Mines -known as MEM- to determine if Indigenous groups could be affected by the Canadian miner's activities. "We are very happy to begin our drill pr...Read More

Following a very detailed process, Miramont Resources (CSE: MONT) finally received a drilling permit for its Cerro Hermoso project in southern Peru. The permit was granted after a series of assessments conducted by the Peruvian Ministry of Energy and Mines -known as MEM- to determine if Indigenous groups could be affected by the Canadian miner's activities. "We are very happy to begin our drill pr...Read More

Following a very detailed process, Miramont Resources (CSE: MONT) finally received a drilling permit for its Cerro Hermoso project in southern Peru. The permit was granted after a series of assessments conducted by the Peruvian Ministry of Energy and Mines -known as MEM- to determine if Indigenous groups could be affected by the Canadian miner's activities. "We are very happy to begin our drill pr...Read More

Malaysia has told Lynas Corp (ASX:LYC), the Australian miner a rare earth elements processing plant on the country's east coast, to remove the radioactive waste collected as a result of its activities over the past six years if it wants to continue to operate.Among the conditions set by the country's Energy and Environment Ministry, the miner must also submit an action plan for non-radioactive was...Read More