Canada lost 2 million jobs in April as a result of pandemic-related shutdowns, by far the biggest decline on record but only about half what economists had expected.Read full newsRead More
Canada lost 2 million jobs in April as a result of pandemic-related shutdowns, by far the biggest decline on record but only about half what economists had expected.Read full newsRead More
Today, on INK Ultra Money we get a great overview via Real Vision on how AI can be used by investors. We also hear about a junior gold miner that looks like it could do well under either a deflationary or inflationary environment.Canadian Insider Club Ultra members have full access to both free and premium content. If you are not an Ultra member, join us or upgrade today.1. AI the new Frontier...Read More
The Dow is up over 365 points middayThe Dow Jones Industrial Average (DJI) is up over 365 points midday, as hopes of the economy reopening and upbeat U.S.-China trade buzz ward off dismal economic data. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are also in the black, shaking off the 20.5 million jobs lost in April due to COVID-19 -- the highest rise in unemployment since post-World War...Read More
BKNG reported lower-than-expected profitsThe shares of Booking Holdings Inc (NASDAQ:BKNG) are down 2.7% to trade at $1,405.41 after the company reported a lower-than-expected first-quarter profit, citing the rapid decrease in domestic travel. However, the company did announce higher-than-expected revenue. Following the report, no fewer than three price-target raises have surfaced, including one fr...Read More
Ford announced plans to restart production and operation in North American this monthThe shares of Ford Motor Company (NYSE:F) are up 2.6% to trade at$5 this morning, after the automaker announced plans to start phasing in production and operations in North America, beginning May 18. Ford said it would bring back some employees whose jobs cannot be done remotely on that date, while staggering th...Read More
General Motors is eyeing its fourth straight winThe shares of General Motors Company (NYSE:GM) have been in rally mode this week, helped along by a well-received quarterly earnings report on Wednesday, and with the carmaker back in the spotlight today, it looks like GM isn't slowing down. The stock is up 2% at $22.89, after the firm priced a new debt offering totaling $4 billion. This offering con...Read More
U.S.-China trade rhetoric could be propping up Wall StreetDow Jones Industrial Average (DJI) futures are looking to close the week out on a positive note. Wall Street is so far brushing off the Labor Department's non-farms payroll report that showed 20.5 million jobs were lost in April due to the COVID-19 pandemic -- sending the unemployment rate to 14.7% -- its highest spike in the post-World W...Read More
Paul Brink, president and CEO of Franco-Neveda joins BNN Bloomberg to discuss their Q1 earnings and how the company has managed to increase their dividend amid COVID-19 uncertainty.Read full newsRead More
Paul Brink, president and CEO of Franco-Neveda joins BNN Bloomberg to discuss their Q1 earnings and how the company has managed to increase their dividend amid COVID-19 uncertainty.Read full newsRead More
Here are five Fastmarkets stories you might have missed on Thursday May 7 that are worth another look.The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.Mining companies are looking to trading houses and specialist funds for credit since lower metal prices and enforced shutdowns ha...Read More
The Commodity Futures Trading Commission (CFTC), a US commodities regulator, is analyzing what led the crude oil price to move into negative territory last month, including an assessment of market participant activities and whether position limits and other regulations might need to change.The move could add impetus to the CFTC's proposal to impose federal position limits in 25 energy, metals and...Read More
The mining industry is set to undergo a paradigm shift in the aftermath of the Covid-19 pandemic that will include a reshaping of corporates, including through "dynamic" mergers and acquisitions, the chief executive officer of Barrick Gold Corporation said.Mark Bristow, whose Africa-focused miner Randgold Resources merged with Canada-based gold and copper giant Barrick last year, said it was a gre...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 7 that are worth another look.The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.Mining companies are looking to trading houses and specialist funds for credit since lower metal prices and enforced shutdowns ha...Read More
Mining companies are looking to trading houses and specialist funds for credit since lower metal prices and enforced shutdowns have restricted cashflow. Peru, Mexico, Bolivia, Ecuador, the Democratic Republic of Congo and South Africa are among major mining nations to order mine closures as part of countrywide lockdowns designed to protect against the spread of the Covid-19 disease. Cashflow-limit...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 7 that are worth another look.The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.Mining companies are looking to trading houses and specialist funds for credit since lower metal prices and enforced shutdowns ha...Read More
The mining industry is set to undergo a paradigm shift in the aftermath of the Covid-19 pandemic that will include a reshaping of corporates, including through "dynamic" mergers and acquisitions, the chief executive officer of Barrick Gold Corporation said.Mark Bristow, whose Africa-focused miner Randgold Resources merged with Canada-based gold and copper giant Barrick last year, said it was a gre...Read More
Key information from the pricing session for Fastmarkets' alumina index, fob Australia on Thursday May 7. Fastmarkets' daily alumina index, fob Australia was little changed at $241 per tonne on Thursday from $241.37 per tonne a week ago. Key drivers: Majority of market sees $240 per tonne as repeatable after multiple deals were concluded around this level last week. The most recen...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 7 that are worth another look.The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.Mining companies are looking to trading houses and specialist funds for credit since lower metal prices and enforced shutdowns ha...Read More
Key data from Fastmarkets' pricing session in London on Thursday May 7.Key drivers Cobalt metal prices remained under pressure from weak demand, trading at levels last seen in August 2019, according to Fastmarkets data. Sellers have steadily reduced their offers in order to lock-in scarce spot sales, although prices were not yet considered...Read More