Here is what's new today on INK Ultra Money. Canadian Insider Club Ultra members have access to both premium and free content. If you are asked to sign in, select Canadian Insider as your subscription website. If you are not a Canadian Insider Club Ultra member, join us for access. Lower cost monthly subscriptions are available via Insider Tracking Advantage Ultra on our sister website.1. Unmaski...Read More
HD is enjoying a morning lift after earningsShares of retailer Home Depot Inc (NYSE:HD) are up 1.8% this morning, last seen at $244.34, following the company's upbeat quarterly report. The Lowe's (LOW) rival reported earnings of $2.28 per share for the fourth quarter, higher than the anticipated $2.10 per share. The home improvement giant also reported better-than-expected sales of $25.78 bill...Read More
MRNA calls are all the rage latelyModerna Inc. (NASDAQ:MRNA) shares are surging 11.21% to trade at $20.54 this morning, as the company delivers its experimental coronavirus vaccine to the United States for human testing. Given the fact that the infection appears to be leading the charge in the sharp stock market drop, the vaccine is a welcome response to the spreading threat.Moderna stock has reli...Read More
The homebuilding stock is now up 20% year-to-dateThe shares of Toll Brothers Inc (NYSE:TOL) are down 0.1% to trade at $46.90 this morning, despite a bull note from SunTrust Robinson. The brokerage firm hiked its price target to $47 from $37, in line with the homebuilding stock's closing perch yesterday of $46.98.Homebuilding stocks like Toll Brothers were one of the strongest groups in 2019, and...Read More
Rockfire Resources (LSE: ROCK) chief executive David Price has hailed a set of " extremely positive " results from its drilling in north Queensland, Austra...Read full newsRead More
GE is up nearly 15% year-over-yearBoston-based General Electric Company (NYSE:GE) is enjoying a 1% lift this morning, last seen just shy of $12 after sharing its annual report. The report stated the conglomerateemployed a more consolidated 205,000 people, 70,000 of which were U.S.-based in 2019. This compares to 2018's count of 283,000. Yesterday GE was one of the many in the broad-market selloff...Read More
Mastercard's CEO Ajay Banga will resign, effective Jan. 1, 2021The shares of Mastercard Inc (NYSE:MA) are being dragged even further down the charts this morning following news of CEO Ajay Banga's resignation, at the start of 2021. Banga will be replaced by Chief Product Officer Michael Miebach. Also pressuring shares this morning is an updated current-quarter forecast from the company, predicting...Read More
Home Depot stock is pacing to open higher after earningsDow Jones Industrial Average (DJI) futures are trading above fair value this morning, as U.S. stocks prepare to gain back some of Monday's monster losses, which sent the blue-chip index spiraling more than 1,000 points. While coronavirus headlines continue to swirl, traders this morning are also monitoring earnings updates, namely from Dow co...Read More
(Updates with closing prices) By Eric Onstad LONDON, Feb 25 (Reuters) - Copper prices edged into the redon Tuesday as investors struggled to calculate whether anycoronavirus-related loss of metals demand would outweigh weakeroutput. Worries about the virus spreading outside of China hadpushed London Metal Exchange (LME) copper to a two-week low onMonday while zinc slid to its weakest since June 20...Read More
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Here are five Fastmarkets stories you might have missed on Monday February 24 that are worth another look.Chinese rebar remained the most competitively priced of imports of the long steel product in Singapore over the past week, edging out Turkish products.The discount for copper scrap imported into China has fallen in February on a lower commodity price and a negative arbitrage, with the impact o...Read More
A black swan event is one that is an unforeseeable surprise of large magnitude and consequences. Already, the coronavirus disease outbreak qualifies as a black swan event, asserts Patrick Heller, editor, Liberty's Outlook, a monthly newsletter published by Liberty Coin Service.The term "black swan" traces its lineage all the way back to 2nd Roman poet Juvenal. It became popular in financial circle...Read More
The three-month zinc price on the London Metal Exchange fell by more than 2% at the close of trading on Monday February 24, with downward moves taking it to its its lowest close since July 2016, while broad risk-off sentiment across the base-metals complex saw copper lose 1.2% of its outright price.Zinc's underlying price on the LME closed at $2,046 per tonne on Monday afternoon, falling from an i...Read More
The discount for copper scrap imported into China has fallen in February on a lower commodity price and a negative arbitrage, with the impact of virus-led delivery delays on the overseas scrap price being minimal in the Chinese market.Fastmarkets assessed the monthly discount of No 2 94-96% copper scrap, birch or cliff, at 31-34 cents per lb cif China on February 24, down from 33-37 cents per lb i...Read More
The price of UG2 chrome ore dropped in the week to Friday February 21 due to lower bids from alloy smelters after China's major stainless steel mills kept their February tender prices flat month on month. China's Tsingshan Group and Taiyuan Iron and Steel (Tisco) held their ferro-chrome tender prices for February delivery unchanged from January. The latest tender prices came as a shock to the mark...Read More
Key data from the pricing session in Europe and Asia for the week ended Friday February 21. Europe Key driversPrices for silicon grades 4-4-1 and 5-5-3 jumped again in Europe due to a lack of prompt shipments exacerbating already tight supply.The novel coronavirus (2019-nCoV) outbreak has caused disruptions to the flow of material from China.A number of European buyers reported difficulty...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday February 21. China Key drivers Some antimony suppliers lifted their offer prices again and were resistant to compromising on offers last week, citing limited available cargo, according to market sources. A number of producers and traders held off from offering in anticipation of higher prices in the coming week...Read More
Here are five Fastmarkets stories you might have missed on Monday February 24 that are worth another look.Chinese rebar remained the most competitively priced of imports of the long steel product in Singapore over the past week, edging out Turkish products.The discount for copper scrap imported into China has fallen in February on a lower commodity price and a negative arbitrage, with the impact o...Read More
The discount for copper scrap imported into China has fallen in February on a lower commodity price and a negative arbitrage, with the impact of virus-led delivery delays on the overseas scrap price being minimal in the Chinese market.Fastmarkets assessed the monthly discount of No 2 94-96% copper scrap, birch or cliff, at 31-34 cents per lb cif China on February 24, down from 33-37 cents per lb i...Read More