Amazon's first-quarter earnings missed Wall Street's estimatesThe shares of Amazon.com, Inc. (NASDAQ:AMZN) are down 8.2% to trade at $2,271, after the e-commerce giant reported first-quarter earnings of $5.01 per share, which came in lower than Wall Street's $6.25 estimate. The firm's reported revenue of $75.45 billion exceeded estimates, however. The company also forecast a possible second-q...Read More

Texas reported a single-day record jump in deaths as the state allowed some businesses to reopen...Read full newsRead More

The Dow and Nasdaq are set to eke out weekly winsThe Dow Jones Industrial Average (DJI) is stumbling into the weekend, nursing a nearly 600-point loss at midday. As if the coronavirus outbreak wasn't pressuring Wall Street enough, now there are fresh tariff threats from President Donald Trump aimed at China in retaliation for the country's handling of the COVID-19 pandemic. The S&P 500 Index (S...Read More

Co-Diagnostics shared its COVID-19 test performance dataShares of Co-Diagnostics Inc (NASDAQ:CODX) are surging 11.4% to trade at $12.63, after the molecular diagnostics company shared its COVID-19 test performance data. The test consistently demonstrates 100% sensitivity as well as specificity across independent field evaluations. Co-Diagnostics has had a volatile stretch on the charts, as its co...Read More

The company still expects store closings to impact its current quarterThe shares of Estee Lauder Companies Inc (NYSE:EL) are down 1.6% to trade at $173.87 this morning, despite a bright fiscal third-quarter report. The makeup manufacturer announced profits of 85 cents per share and revenue of $3.35 billion -- both topping Wall Street's estimates. Though the M.A.C. parent got a boost from global on...Read More

Walt Disney will report earnings next week As next week brings the first full week of May, investors look to gain any clues they can about the state of the economy. There's plenty of data to unpack, with the ADP employment report, weekly jobless claims, and Markit services Purchasing Managers Index (PMI) taking center stage amid the pandemic. Next week also brings another big session of earnings,...Read More

Moderna entered into an agreement with Lonza Group to produce its experimental COVID-19 vaccine Moderna Inc (NASDAQ:MRNA) is brushing off the broad-market selloff this morning, up 6.2% to trade at $48.89, after the biotech entered a 10-year collaboration deal with contract drugmaker Lonza Group (LONN) to manufacture up to 1 billion doses annually of a MRNA's possible COVID-19 vaccine, mRNA-1273. T...Read More

Chevron's first-quarter earnings and revenue report beat out analyst estimatesThe shares of Chevron Corporation (NYSE:CVX) are down 2.5%% to trade at $89.68, this morning. Although the energy corporation reported adjusted first-quarter earnings of $1.29 per share on revenue of $31.50 billion -- both of which handily trumped Wall Street's estimates -- the company's capital expenditure forecas...Read More

Oil prices are moving higher todayFresh off the Dow's best month since 1987, Dow Jones Industrial Average (DJI) futures are set to kick off May with a sharp move lower. Tech giants Apple (AAPL) and Amazon.com (AMZN) are weighing on Wall Street, with the former's revenue growth stagnating and the latter missing on earnings estimates.Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX)...Read More

...the gloves are well and truly off now.Read full newsRead More

A terrifying new trend can make you a millionaire or destroy your financial future.It's no secret that COViD has caused massive suffering and has had a shocking impact on our economy. This virus has also accelerated an even bigger long-term trend that's going to have a massive impact on you and your money over the next few years. Barron's estimates that this new disruptive force will create 20,00...Read More

Here are five Fastmarkets stories you might have missed on Thursday April 30 that are worth another look.Indian steel mills are unlikely to cut domestic hot rolled coil prices for sales in May, private mill sources in the country told Fastmarkets this week.ABN AMRO Bank has filed a claim against China's largest private copper smelter Dongying Fangyuan, according to a court document seen by Fastmar...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices have fared relatively well over the past couple of months in the face of the threat from the Covid-19 pandemic.In grade-304 material, the most common grade of stainless steel, prices were down by about 5-7% since the turn of the year - not bad, when compared with the falls in prices of other assets so f...Read More

The three-month nickel price on the London Metal Exchange lost ground at the close of trading on Thursday April 30, closing at its lowest level in more than a week against thin turnover, while selling pressure pushed copper futures below nearby support levels.Nickel's outright price on the LME closed at $12,192 per tonne on Thursday afternoon, falling from an intraday high of $12,355 per tonne. Tu...Read More

Key pricing data from the pricing session for Fastmarkets' alumina index, fob Australia on Thursday April 30. Fastmarkets' daily alumina index, fob Australia moved up to $241.37 per tonne on Thursday from $233.93 per tonne the previous day. The index is now at its highest since April 1 when it was at $241.52 per tonne. Key drivers:  Three new deals concluded Thursday, with two destined f...Read More

KAZ Minerals has delayed the start of production at its $1.2 billion Aktogay copper expansion project in Kazakhstan to late 2021, citing the impacts to its supply chain of the Covid-19 pandemic. The company has also cut its capital expenditure for the project this year to $300-350 million from $400 million previously forecast. KAZ Minerals had spent $663 million on the project by the end of 2019,...Read More

Lundin Mining has cut its 2020 copper and zinc production guidance due to changes related to the Covid-19 pandemic and said forecasts for expanded zinc output next year at its Neves-Corvo mine in Portugal should no longer be counted on. The Toronto, Canada-headquartered company, which has not experienced significant disruptions to output, concentrate shipments or its supply chain, said 2020 group...Read More

Here are five Fastmarkets stories you might have missed on Thursday April 30 that are worth another look.Indian steel mills are unlikely to cut domestic hot rolled coil prices for sales in May, private mill sources in the country told Fastmarkets this week.ABN AMRO Bank has filed a claim against China's largest private copper smelter Dongying Fangyuan, according to a court document seen by Fastmar...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices have fared relatively well over the past couple of months in the face of the threat from the Covid-19 pandemic.In grade-304 material, the most common grade of stainless steel, prices were down by about 5-7% since the turn of the year - not bad, when compared with the falls in prices of other assets so f...Read More

The Turkish deep-sea scrap import market was almost silent again on Thursday April 30, with mills expecting even lower prices, sources told Fastmarkets.Overall demand for deep-sea scrap remains poor because of lower steel output and weak demand for finished steel, due to the measures put in place to curb the spread of the Covid-19 outbreak.At least six steelmakers have halted produc...Read More