GOOGL reported higher-than-anticipated revenueShares of Alphabet Inc (NASDAQ:GOOGL) are up 7.8% to trade at $1,328.66, climbing on the heels of a higher-than-expected first-quarter revenue, despite a notable decline in ad sales. The Google parent also announced profits of $9.87 per share, lower than the estimated $10.33 per share. Analysts have been quick to react, as no fewer than 13 firms have r...Read More

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Go big or go home, and the Fed chose big. Claudia Sahm, Director of Macroeconomic Research at the Washington Center for Equitable Growth, gives Pedro Da Costa an insider's view of the Federal Reserve's plans and goals. Drawing upon her experience as a former Fed Board Economist, Sahm analyzes the drastic measures the Fed is undertaking in order to shore up the American economy as it faces this un...Read More

Uber's Chief Technology Officer Thuan Pham will step down from his position next monthIt's a big day of headlines for Uber Technologies Inc (NYSE:UBER). The ride share company's Chief Technology Officer (CTO) Thuan Pham just stepped down, effective May 16. Meanwhile, Uber is discussing plans to cut roughly 20% of its staff, as stay-at-home restrictions heavily curb demand for its services.Despite...Read More

Wall Street is brushing off a larger-than-expected first-quarter GDP readingDow Jones Industrial Average (DJI) futures aresignaling a bigboost ahead of a jam-packed news day on Wall Street. Earnings season is in high gear, with both Boeing (BA) and Alphabet (GOOGL) sharing notable reports. Meanwhile, futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are moving higher as well.Else...Read More

Analyzing how the S&P 500 index has performed in the six months leading up to an electionIn just about six months, the Presidential election will take place. As you've probably already heard, Donald Trump and Joe Biden are the presumptive nominees for the Republicans, and Democrats, respectively. Meanwhile, we are on the cusp of a historically bearish time for stocks (sell in May). I was curious i...Read More

Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") announces operational and financial results for Q4 and full year 2019, and the filing of its financial statements and associated management's discussion and analysis on www.sedar.com. All dollar references in this release are in U.S. dollars.FOURTH QUARTER AND FULL YEAR 2019 HIGHLIGHTSSold 10,017 tons of frac and i...Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 28 that are worth another look.Swedish special steel producer Ovako has used hydrogen to heat steel before rolling for the first time, the company announced on April 28.Over the past month, Chinese importers have been keen to buy overseas copper scrap at more competitive prices, with scrap production shrunk by the effects of...Read More

Rwanda has allowed some mines and exporters in the country to resume operations starting from Tuesday April 28, sources told Fastmarkets. Five of the 19 export organizations in the country in eastern Central Africa will be allowed to ship out material from today and 20 mines - including those producing tantalum, tungsten and tin - will be allowed to slowly resume operations. Ta...Read More

Upside momentum in London Metal Exchange base metals prices was capped during the afternoon session on Tuesday April 28 while pervading uncertainty across the complex left three-month prices mixed at the close. Some analysts suggested participants were waiting on the sidelines in anticipation of macro developments from virus-hit global economies including the United States, before committing to fu...Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 28 that are worth another look.Swedish special steel producer Ovako has used hydrogen to heat steel before rolling for the first time, the company announced on April 28.Over the past month, Chinese importers have been keen to buy overseas copper scrap at more competitive prices, with scrap production shrunk by the effects of...Read More

Swedish mining company Boliden increased its concentrate stocks of zinc, copper and lead during the first quarter of 2020 to ensure supplies of raw materials for its smelters amid the growing market uncertainty created by the Covid-19 pandemic."The company is planning for normal business operations during the coming quarters," Boliden said in its interim report for the January-March quarter on Tue...Read More

Zambia is highly unlikely to impose restrictions on the mining sector during the Covid-19 pandemic because current practices are working very well, a senior executive at First Quantum said. Hannes Meyer, the company's chief financial officer, said Zambia's population demographics have also aided the limited spread of the virus in the copper-rich country. "I don't think for one minute that we will...Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 28 that are worth another look.Swedish special steel producer Ovako has used hydrogen to heat steel before rolling for the first time, the company announced on April 28.Over the past month, Chinese importers have been keen to buy overseas copper scrap at more competitive prices, with scrap production shrunk by the effects of...Read More

Rwanda has allowed some mines and exporters in the country to resume operations starting from Tuesday April 28, sources told Fastmarkets. Five of the 19 export organizations in the country in eastern Central Africa will be allowed to ship out material from today and 20 mines - including those producing tantalum, tungsten and tin - will be allowed to slowly resume operations. Ta...Read More

The Turkish steel producers have again gone quiet in the deep-sea scrap markets despite the sharp decrease in prices seen at the beginning of this week, sources said on Tuesday April 28.After around 10 days of silence, a Turkish steel mill booked a Baltic Sea cargo on April 27 at $242 per tonne cfr for HMS 1&2 (80:20) and $252 per tonne cfr for bonus, which sent the daily scrap indices down by mor...Read More

The impact of Covid-19 is undeniably huge. It continues to make its presence felt across all commodity markets, including the ferrous supply chain, from raw materials down to finished steel products. One significant impact that can be tracked closely through spot pricing is the increasing disarray in price correlations between various segments of the ferrous supply chain after the Covid-19 pandemi...Read More

Metals prices were consolidating during morning trading on Tuesday April 28 after the promising start to the week faded on Monday, but talk that Chinese provincial governments are offering to subsidize inventory accumulation could well turn out to be a supportive factor. The mixed performance this morning is widespread with Asian-Pacific and pre-market western equity indices on divergent paths, wh...Read More

A summary of Australian lithium spodumene concentrate producer Pilbara Minerals operational results for the first quarter of 2020, as stated in its operational report on Tuesday April 28.In brief The Australia-based company said it pursued a moderated production strategy and cost reduction initiatives to maintain a positive cashflow and capitalize on the market turnaround in the medium-to-long ter...Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 28 that are worth another look.Swedish special steel producer Ovako has used hydrogen to heat steel before rolling for the first time, the company announced on April 28.Over the past month, Chinese importers have been keen to buy overseas copper scrap at more competitive prices, with scrap production shrunk by the effects of...Read More