TIMMINS - Ontario's government is working for the people of Timmins by investing more than $780,000 in innovative research and four local manufacturing companies, creating 12 jobs.Today, Vic Fedeli, Minister of Economic Development, Job Creation and Trade, on behalf of Greg Rickford, Minister of Energy, Northern Development and Mines, was at The Bucket Shop Inc., a manufacturer of custom and refur...Read More
Most of the action is occurring on the put sideFedEx Corporation (NYSE:FDX) stock is spiraling this morning, after the shipping giant reported lower-than-expected fiscal first-quarter adjusted profit of $3.05 per share and revenue of $17.05 billion. FDX also cut its full-year profit forecast to a range of $11 to $13 per share, less than the consensus estimate, citing headwinds from the U.S.-China...Read More
Cybercriminals profit by infiltrating dozens of businesses or public agencies with a single attack, while the beleaguered managed service providers and their incapacitated clients squabble over who should pay the ransom or recovery costs.Read full newsRead More
Article presents returns data for the 50 best performing gold and silver mining stocks year to date.Trends and themes in precious metals analyzed along with current market drivers.Bullish trends in precious metals are expected to continue, and we think investors should buy any dip.It's been an exciting last couple of months for gold and silver investors as precious metal prices have surged off the...Read More
Wedbush is seeing strong signs for the iPhone 11Apple Inc. (NASDAQ:AAPL) is trading up 0.2% at $221.20, after Wedbush said more than 185 million iPhone 11 units will be shipped in the company's 2020 fiscal year, driven by strong underlying demand in China. Still, the brokerage firm also said pre-ordering has been good in the U.S., while adding that the iPhone remains the "hearts and lungs" of the...Read More
ADBE has now shed 12% off its July peakThe shares of Adobe Inc (NASDAQ:ADBE) are down 3.6% to trade at $275.82 this morning, after a mixed quarterly report. The software company reported adjusted fiscal third-quarter earnings of $2.05 per share on $2.83 billion in revenue, topping forecasts for a $1.97 per-share profit on $2.82 billion in revenue. However, Adobe also trimmed its current-quarter r...Read More
August housing starts were higher than expected Dow Jones Industrial Average (DJI) futures are trading cautiously below fair value ahead of this afternoon's Federal Open Market Committee (FOMC) policy decision and subsequent press conference from Fed Chair Jerome Powell. The central bank is expected to drop its key interest rate by one-quarter percentage point, and traders will look to Powell's pr...Read More
"Best Performing Fund Manager Finalists:Olivia Markham, #BlackRockDavid Baker, @BSRT_BakerSteel Josh Parrill, Fund investment team leader, #RCFJohn Chomley/Jason Chang, #EMRCapitalFrank Holmes, @USFunds Find out the winner on 27th September #MJawardshttps://t.co/S0tcoDTZAg"Read full newsRead More
"#MiningMavenWireSpecial report on @ThorMining's investment in #EnviroCopper.Is the #Moonta project closing in on half a million tonnes of #copper?#THRDownload here - https://t.co/JKdXVzJoRS"Read full newsRead More
Oil generally pulls back the day after a big spikeOil prices spiked over the weekend after drone attacks on oil facilities in Saudi Arabia. The price reverted some yesterday, though, after reports that oil production would be back to normal sooner than expected. I've gathered the data on how crude typically behaves after significant daily price shocks to see if there's a high probability trade in...Read More
Here is what's new today on INK Ultra Money.1. Bonds: The Fed & Trade Wars - Real Vision (free content)Komal Sri-Kumar, president of Sri-Kumar Global Strategies, updates his home-run trade on Treasuries and reviews his current outlook for recession. In this interview with Jake Merl, Sri highlights the upcoming FOMC meeting, discusses why the trade war is the main driver for the bond market, and n...Read More
People have worried about federal deficits for decades, but recent catalysts are making the problem more acute.Domestic institutions are being fed excess government debt, and it's becoming an increasingly acute liquidity problem.Two potential outcomes analyzed.I've written a couple articles this year here on Seeking Alpha about why, in addition to investing in a variety of normal equities, I b...Read More
A summary of base metals premiums from across the globe for the week to Tuesday September 17.Read More
Fastmarkets incorrectly published weekly assessments for its Southeast Asian zinc premium over the past two months when the price should have been published every two weeks.Following a market consultation, Fastmarkets reduced the frequency of publication of a number of base metals price assessments in July in response to low transaction liquidity and a lack of price volatility.As a resul...Read More
The three-month copper price on the London Metal Exchange fell by 0.5% at the close of trading on Tuesday September 17 but held above nearby support levels, while aluminium futures were the only positive mover in a predominantly weaker base metals complex. Copper traded volumes were relatively low over the day at 14,000 lots by the close. Although the red metal's closing price was lower than Monda...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday September 17 that are worth another look.Fastmarkets looks at the key takeaways from the seventh Fastmarkets Asian Nickel conference in Jakarta, Indonesia, on September 11-12, from who will fill the Asian supply gap from 2020 to emerging demand for nickel from the electric vehicle battery sector.Import prices for steel slab in S...Read More
Fastmarkets looks at the key takeaways from the seventh Fastmarkets Asian Nickel conference in Jakarta, Indonesia, on September 11-12, from who will fill the Asian supply gap from 2020 to emerging demand for nickel from the electric vehicle battery sector. Indonesian nickel ore export ban will create Chinese nickel ore shortfall China is heavily reliant on nickel ore imports from Indonesia and Phi...Read More
Low-grade manganese ore cif prices fell over the past week, with some buyers holding back from purchasing in the hope of lower prices. 37% cif China prices fall in response to low demand High-grade ore price stable Alloys in India fall again, sparking output cuts Weak market dampens European alloy prices Alloy prices stable in the United StatesThe low-grade seaborne manganese ore price in China co...Read More
Ferrous scrap prices in Mexico were stable in Monterrey but started falling in Baj?-o where downward momentum in the United States scrap market has begun to have an impact.In Mexico's central Baj?-o region, Fastmarkets' weekly assessment of steel scrap No1 busheling, consumer buying price, delivered mill Baj?-o, fell to $4,750 pesos per tonne on Tuesday September 17, from 4,900 pesos per tonn...Read More
Turkish steel mills continued to stay away from the deep-sea scrap market on the second working day of the week amid limited demand for finished long steel, sources told Fastmarkets on Tuesday September 17.The latest transaction was a cargo from the United States at the end of last week, which was sold at $240 per tonne cfr for HMS 1&2 (80:20), $245 per tonne for shredded and $250 per to...Read More