The Nasdaq is working to scrape together a seventh straight daily gainThe Dow Jones Industrial Average (DJI) is modestly in the black midday, up around 50 points as markets oscillate between the positivity surrounding the tentative reopening and more negative economic data. The tech-heavy Nasdaq Composite (IXIC) is also hovering in the black,fighting to secure its seventh straight win. The S&P...Read More
"San Marco Intercepts Shallow Gold at Buck Property; 91 Metres of 0.80 g/t AuEq Within 156 Metres of 0.63 g/t AuEq and 81 Metres of 0.78 g/t AuEq Within 200.7 Metres of 0.51 g/t AuEqRead the News Release here: https://t.co/pJPXGNgW7W"Read full newsRead More
Yesterday on INK Ultra Money we heard Raoul Pal's bearish outlook for markets. Today, we get an entirely different perspective. Fund manager Kyle Bass is also bearish, but primarily on China and Hong Kong, a city he sees as a victim of aggressive Chinese policy action. On America Bass is upbeat.In a free video summary and report, we also look at a gold miner entering the INK Canadian Insider Ind...Read More
PNC is selling its 22% stake in BlackRockThe shares of PNC Financial Services Group Inc (NYSE:PNC) are down 4% to trade at $98.86, following the firm's announcement that it's selling its 22% stake, worth roughly $17 billion, in BlackRock (BLK). The move earned an upgrade from Stephens to "overweight" from "equal weight," calling the exit a smart move, ahead of any major political changes next fall...Read More
UAL is down 73% year-to-dateThe shares of United Airlines Holdings Inc (NASDAQ:UAL) are down 1% to trade at $23.73, giving back electronic gains from the morning amid newsBrett Hart was named the airliner's new president, effective May 20. Hart will replace Scott Kirby, who is slated to take over as CEO for Oscar Munoz next week. The C-suite shuffling comes as air travel demand suffocates the se...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") is pleased to announce it has received an additional 92 revenue-generating channel connection requests (work orders) from its channel partners and brands.Now with a total of 451 channel requests, the Company continues to satisfy this first wave of activation requests from leading brands and manufacturers using t...Read More
Datadog's first-quarter earnings and revenue exceeded analysts' estimates Datadog Inc (NASDQ:DDOG) is enjoying its day in the sun, following a first-quarter earnings and revenue beat. The software stock is up 17.5% to trade at $65.45, ready to notch its third-consecutive high, and already Wall Street is taking notice. No less than eight analysts raised their price targets, with the highest coming...Read More
Oil prices are climbing today as wellDow Jones Industrial Average (DJI) futuresare pointing towardsa small rise this morning, as investors evaluate the attempts to reopen the economy. At 10 a.m ET, director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci will testify before the Senate Health Committee to offer a prognosis on easing lockdowns. Gains are climbing desp...Read More
Toyota forecast an 80% drop in profit for the current yearToyota Motor Corp (NYSE:TM) is tumbling today, down 1.3% to trade at $122 after warning that its profit could plunge 80% in 2020 -- its lowest in nine years -- due to the negative effects COVID-19 has had on production. The Japanese automaker's president Akio Toyoda said in a livestreamed media briefing that "the coronavirus has dealt us a...Read More
Halifax, Nova Scotia-(Newsfile Corp. - May 12, 2020) - Sona Nanotech Inc. (CSE: SONA), (OTCQB: SNANF) (the "Company") is pleased to provide the following update on the development of its rapid-response, COVID-19 antigen test. The Company received confirmation from an independent laboratory that its test achieved a positive response to a recombinant whole spike protein control reagent specific to S...Read More
"$OMER - Omeros Corporation (OMER) CEO Greg Demopulos on Q1 2020 Results - Earnings Call Transcript. https://t.co/GXyc06sxud #stocks #business #finance"Read full newsRead More
Here are five Fastmarkets stories you might have missed on Monday May 11 that are worth another look.A second wave of Covid-19 infections will hit the global commodities markets even harder than the initial outbreak, market sources told Fastmarkets on May 11.The London Metal Exchange will not rush back into trading on the open outcry ring and is happy with the effectiveness of the current ele...Read More
Singapore energy trader ZenRock engaged in "dishonest practices", according to court filings made by HSBC to seek to remove the company's management and appoint auditor KPMG in charge. Court documents seen by Fastmarkets detail what HSBC describes as "a series of highly dishonest transactions," where ZenRock used the same cargo of crude oil to obtain at least two, but potentially several, lots of...Read More
The three-month lead price on the London Metal Exchange continued to climb into the closing session on Monday May 11, climbing by more than 1.6% to its highest level in three weeks, while steady buying in zinc futures kept the galvanizing metal's forward price above nearby support levels. The lead price closed at $1,671.50 per tonne on Monday afternoon, its highest closing price since April 20, wh...Read More
Here are five Fastmarkets stories you might have missed on Monday May 11 that are worth another look.A second wave of Covid-19 infections will hit the global commodities markets even harder than the initial outbreak, market sources told Fastmarkets on May 11.The London Metal Exchange will not rush back into trading on the open outcry ring and is happy with the effectiveness of the current ele...Read More
The latest data for the global manganese ore market for the week ended May 11, 2020.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the session ending Monday May 11. China Higher priced deals for low-grade seaborne manganese ore helped widen the index's unusual premium against its high-grade equivalent. Limited supply of 37% material stemming from the...Read More
Gold royalty company Franco-Nevada will fund up to $150 million of Solgold's Alpala project in Ecuador, the mine operator said on Monday May 11. The net smelters returns (NSR) agreement includes an initial $100 million to Solgold which will pay a perpetual 1% NSR interest. The total amount could increase by $50 million and to a 1.5% NSR interest rate within eight months. NSR is the amount of reven...Read More
Here are five Fastmarkets stories you might have missed on Monday May 11 that are worth another look.A second wave of Covid-19 infections will hit the global commodities markets even harder than the initial outbreak, market sources told Fastmarkets on May 11.The London Metal Exchange will not rush back into trading on the open outcry ring and is happy with the effectiveness of the current ele...Read More
The London Metal Exchange will not rush back into trading on the open outcry ring and is happy with the effectiveness of the current electronic pricing model, chief executive officer Matthew Chamberlain said."The LME will be adopting a very staged and cautious return to its office, given the effectiveness of our work at home practices," Chamberlain said, speaking in video format on May 7 on the LM...Read More