AMC said it would no longer screen Comcast subsidiary Universal Studio's movies Movie theater giant AMC Entertainment Holdings Inc (NYSE:AMC) is on a roll this week, snatching up multiple one month highs and on its way to its biggest weekly win in over 20 years, up 67.6% so far. The equity is extending that rally into today, up 23.2% at $5.10, amid news that it will no longer play Universal Studi...Read More
Gilead Sciences Inc. undefined on Wednesday morning announced data from two clinical trials testing its experimental drug remdesivir in severely ill COVID-19...Read full newsRead More
Oil prices are on the mend as wellAs Wall Street unpacks earnings in waves, the Dow Jones Industrial Average (DJI) was last seen up almost 500 points at midday. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are also on the uptrend -- riding the coattails of one FAANG name's impressive quarterly report -- despite GDP experiencing a 4.8% first-quarter drop, its largest since 2008. Follo...Read More
Starbucks posted an earnings miss, but revenue that came in higher than expected The shares of Starbucks Corporation (NASDAQ:SBUX) are down 0.4% at $78.39 this morning, after reporting fiscal second-quarter earnings of 32 cents per share, which came in below Wall Street's estimates, but revenue of $6 billion that exceeded expectations. Starbucks also forecast a 25%- 35% drop for its current-quarte...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ), a pioneer in military robotics, services, and innovation in the auto industry, today released an investor update regarding the phased rollout of the Fuel Tank Intelligent Containment System (FTICS) capsule, the Company's innovative product for the automobile industry, and other business updates.Fuel Tank Intelligent...Read More
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