Brown University sold 90% of its investments in companies that extract fossil fuels and promises more climate change action.Read full newsRead More
Trudeau himself is inRead full newsRead More
(Kitco News) - Although the gold market is struggling to find traction as panic and volatility grip financial markets, the world 's largest asset management firm sees potential for the yellow metal.Read full newsRead More
We took a closer look at what SPY level you should watch before March expirationTriggering yet another whirlwind week on Wall Street, coronavirus fears continue to rise, as a rapid increase in cases both worldwide and within the U.S. shake investors. Markets began the week with catastrophic losses, including that of oil, which experienced its worst single-session drop since 1991. The broad market...Read More
Bank stocks have not been exempt from the sell-offMichael Burry, made famous for his shorting of the housing market and his portrayal in the aptly titled movie The Big Short, made waves in August for his stance on passive investing. Railing against exchange-traded funds (ETFs), he warned that a possible bubble could exist and could be triggered by a global catalyst. Well, that's happening right no...Read More
China's central bank cut the cash that banks must hold as reserves on Frida...Read full newsRead More
General Mills is enjoying today's broad-market rally General Mills, Inc. (NYSE:GIS) is enjoying today's broad-market rally, up 4.4% to trade at $52.16 and once again finding support at its 320-day moving average -- a trendline breached during yesterday's steep selloff. This positive price action comes right ahead of General Mill's quarterly earnings report, due out before the open next Wednesday,...Read More
Major indexes are making gainsThe Dow Jones Industrial Average (DJI) is extending its rebound this afternoon, surging 1,300 higher at its intraday peak. Also recovering from yesterday's worst market crash since 1987 is the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), now seeing a boost out of the tech and finance sectors. Also guiding the lift is news the government is getting close to agr...Read More
In this week's Insights, we look at what insiders are signalling about the market in wake of COVID19 and problems in the financial sector. We also discuss what probably needs to take place for markets to turnaround. Click here to read. Read More
DIS puts are popular todayAs the travel industry continues to struggle, Walt Disney Co (NYSE:DIS) is up 3.7% to trade at $95.27. Disney announced it will close its resorts in California, Florida, and Paris, France starting March 15th, 2020 until the end of the month in order to help prevent the spread of coronavirus. The cruise line is also suspending new departures until April. Three analysts hav...Read More
Oracle reported fiscal third-quarter earnings that beat analysts expectations but revenue that missed the markStumbling software name Oracle Corporation (NYSE:ORCL) is getting some respite today, following its fiscal third-quarter earnings report of 97 cents per share, which just beat analysts estimates. The $9.8 million in revenue also posted missed the mark, though the firm asserted that the co...Read More
Comcast stock is moving higher after a long-term drop on the chartsShares of telecommunications conglomerate Comcast Corporation (NASDAQ:CMCSA) are up 5%, last seen trading at $36.68. As coronavirus continues to ravage the global economy and cases of infection continue to increase in the U.S., public gatherings, events, and now theme parks, are being postponed or closing to limit the spread. Movin...Read More
We have released another INK Ultra Money Free video today in light of rising fear levels in the market. In the Friday INK morning report video summary, we take look at what insiders are signalling with their buying this week as stocks tumbled.What started off as a Coronavirus health crisis has morphed into a potential financial crisis. However, insider buying this week in the Financial sector sug...Read More
AAPL is leading the charge this morning after an upgradeDow Jones Industrial Average (DJI) futures are on the rebound this morning following yesterday's massive market crash -- the worst since the "Black Monday" crash of 1987 -- up over 1,000 points in electronic trading. Blue chip Apple (AAPL) is leading the charge, following an upgrade from Wells Fargo. Meanwhile, S&P 500 Index (SPX) futures j...Read More
"@KimbleCharting @TheArmenianDad So that's what a 25% total correction looks like on a log chart ? Hmmmmm. I see it's channel value,but I hope Trump doesn't see it ---- cuz you can be sure he'll retweet it until the correction ends."Read full newsRead More
Here are five Fastmarkets stories you might have missed on Thursday March 12 that are worth another look.Two more steel producers in Italy have stopped operations following the recent nationwide extension of the country's coronavirus-related quarantine area, and more stoppages were expected, sources told Fastmarkets on March 12.Ball Corporation is to acquire Tubex Industria E Comercio de Embalagen...Read More
The London Metal Exchange three-month price for nickel fell by more than 5% on Thursday March 12, a trading day that saw a 16,000-tonne rewarranting, with the price reaching a high of $12,495 per tonne then crashing to a low of $11,735 per tonne, before closing at $11,830 per tonne.Almost 13,700 nickel lots were traded over the day, which was marked by the rare rewarranting of more than 16,000 ton...Read More
The benchmark alumina price remained above $300 per tonne on Thursday March 12 but liquidity on a fob Australia basis remained low. Fastmarkets calculated the daily alumina index, fob Australia at $303.17 per tonne on Thursday, little changed from $304.63 per tonne the previous day. The index has been above $300 per tonne since February 27. Key drivers: Liquidity remains low but partici...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 12 that are worth another look.Two more steel producers in Italy have stopped operations following the recent nationwide extension of the country's coronavirus-related quarantine area, and more stoppages were expected, sources told Fastmarkets on March 12.Ball Corporation is to acquire Tubex Industria E Comercio de Embalagen...Read More
The benchmark alumina price remained above $300 per tonne on Thursday March 12 but liquidity on a fob Australia basis remained low. Fastmarkets calculated the daily alumina index, fob Australia at $303.17 per tonne on Thursday, little changed from $304.63 per tonne the previous day. The index has been above $300 per tonne since February 27. Key drivers: Liquidity remains low but partici...Read More