Today on INK Ultra Money we tackle a big question facing all investors that we believe will help determine the shape of markets for months if not years to come. The issue is whether policymakers will take steps to halt falling inflation expectations. As the media goes about framing the issue in terms of stimulus for the economy, we believe investors will need to assess government action in terms...Read More
Uber just announced the temporary suspension of its ride-pool optionNews that Uber Technologies Inc (NYSE:UBER) is suspending all carpool or "pooled" rides in the U.S. an Canada in response to the COVID-19 pandemic has the ride-share concern down 8.3% to trade at $18.66 -- earlier touching a record low of $18.01. Senior vice president Andrew Macdonald said in a statement, "our goal is to help flat...Read More
Needham gave ZM stock a "buy" rating and a $140 price targetZoom Video Communications Inc (NASDAQ:ZM) is attracting attention with its invaluable video conferencing technology amidst the "social distancing" and quarantine trends triggered by the coronavirus pandemic. With that in mind, Needham initiated coverage on ZM with a "buy" rating and a $140 price target. The communication platform has beco...Read More
Amazon stock rose after it announced 100,000 new hires and internal raisesAfter it was announced that it would hire 100,00 new workers and give raises to current employees, shares of Amazon Inc (NASDAQ:AMZN) are up 3.1%, last seen trading at $1,741.22. The pre-market rise came despite news yesterday that Prime members should expect "out-of-stock" household items and delays for what would typically...Read More
If Congress or the White House bailouts Boeing as the chronic repurchaser of stock demands, there will be blood.Read full newsRead More
The fast food chain will be shifting to take-out and delivery options in their U.S. stores Fast food giant McDonald's Corp (NYSE:MCD) is treading just below breakeven before the open this morning, down 0.3% at $149.03 as the company contends with how to move forward in the face of mass coronavirus closures in the U.S. MCD said it plans on closing many of its dine-in areas, while shifting to carry-...Read More
Dow futures are eyeing a 200 point popDow Jones Industrial Average (DJI) futures are eyeing a modest rebound this morning, up roughly 200 points, following yesterday's disastrous selloff and subsequently volatile overnight trading linked to concerns over the coronavirus. President Donald Trump weighed in on Twitter (TWTR) last night, saying "The United States will be powerfully supporting those i...Read More
The gold mining etf, GDX continues to show promising signs both in absolute and relative performance terms, pointing to more upside ahead.Read full newsRead More
Here are five Fastmarkets stories you might have missed on Monday March 16 that are worth another look.A sharp decline in market sentiment, linked to the spread of the coronavirus (2019-nCoV), has halted activity and reduced prices in the Japanese construction steel sector, steelmaker Tokyo Steel said.Rio Tinto has slowed work on the underground project at its Oyu Tolgoi copper-gold mine in Mongol...Read More
A key challenge for US primary aluminium production facilities is the high cost of electricity, which trade restrictions measures such as Section 232 do nothing to alleviate, according to a senior lawyer and former commissioner and vice chairman of the US International Trade Commission.According to Dean Pinkert, senior counsel at New York-based law firm Hughes Hubbard & Reed, trade measures are of...Read More
The three-month copper price on the London Metal Exchange continued its descent at the close of trading on Monday March 16, settling at its lowest level since November 2016 after breaching key support levels throughout the day.The rest of the base metals complex similarly depreciated over the day's trading.Copper's outright price on the LME closed at $5,290.50 per tonne on Monday afternoon, l...Read More
Here are five Fastmarkets stories you might have missed on Monday March 16 that are worth another look.A sharp decline in market sentiment, linked to the spread of the coronavirus (2019-nCoV), has halted activity and reduced prices in the Japanese construction steel sector, steelmaker Tokyo Steel said.Rio Tinto has slowed work on the underground project at its Oyu Tolgoi copper-gold mine in Mongol...Read More
Here are five Fastmarkets stories you might have missed on Monday March 16 that are worth another look.A sharp decline in market sentiment, linked to the spread of the coronavirus (2019-nCoV), has halted activity and reduced prices in the Japanese construction steel sector, steelmaker Tokyo Steel said.Rio Tinto has slowed work on the underground project at its Oyu Tolgoi copper-gold mine in Mongol...Read More
High-carbon ferro-chrome prices in Europe have slumped by 10.3% since February 28 because of the impact of the novel coronavirus (2019-nCoV) on demand and economic activity generallyFerro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe narrowed downwards to $0.80-0.86 per lb week on week on Friday March 16 from $0.82-0.95 per lb, according to Fastmarkets assessment."The...Read More
Key data from the alumina index, fob Australia pricing session on Monday March 16. Key drivers: Fastmarkets' daily fob Australia alumina index falls 2% on Monday March 16 from $303.71 per tonne on Friday March 13. One recent deal for 30,000 tonnes of Western Australian alumina concluded at $294.75 per tonne, with laycan between April 20-29.Market participants...Read More
Key data from the Friday March 16 pricing session in London. Key drivers: Cobalt prices had increased following the coronavirus (2019-nCoV) outbreak, but now prices are declining amid slow trade and limited inquiries, with sellers cutting offers and increasingly...Read More
The European antimony price edged down for both grades on Friday March 13, ending the uptrend that started on January 29 on logistic constraints amid the coronavirus (Covid-19) outbreak, Fastmarkets heard.If the limited availability of material from China supported prices in January and February, the price driver has shifted to the decrease in demand in Europe, with the continent now labelled the...Read More
Here are five Fastmarkets stories you might have missed on Monday March 16 that are worth another look.A sharp decline in market sentiment, linked to the spread of the coronavirus (2019-nCoV), has halted activity and reduced prices in the Japanese construction steel sector, steelmaker Tokyo Steel said.Rio Tinto has slowed work on the underground project at its Oyu Tolgoi copper-gold mine in Mongol...Read More
Ferrous scrap prices across the global markets moved downward during the working week to Friday March 13 on lower confidence and reduced trading because of the continuing container shortage.Market stasis ends with lower prices in TurkeyUS export market expecting lower pricesPrices slip in Taiwan, VietnamIndian markets falter on poor conditions.TurkeyPurchases of cargoes from the deep sea market fi...Read More
Turkish steel producers were absent from the deep-sea scrap markets at the start of the week amid the novel coronavirus (2019-nCoV) outbreak in the country, sources told Fastmarkets on Monday March 16.The mills in Turkey resumed their deep-sea bookings at lower prices last week after a long period of silence.The most recent booking from the Baltic Sea region at the end of last week put the HMS 1&2...Read More