Bed Bath & Beyond reported revenue below analysts' expectations Retailer Bed Bath & Beyond Inc. (NASDAQ:BBBY) is struggling this morning, after unveilingfiscal first-quarter revenue and comparable-store sales that missed analysts' mark. The home goods peddler did report better-than-expected per-share earnings, but warned that full-year profits will come in at the lower end of previous guidance. As...Read More
"Former Oregon man sentenced to 2 years in prison for defrauding investors in gold-mining scam https://t.co/YbEg794mLm"Read full newsRead More
AEO has fallen on the charts over the past yearClothing retailer American Eagle Outfitters (NYSE:AEO) is making headlines this morning on news it plans to sell cannabidiol-infused products online and in nearly 500 stores. American Eagle said it struck a deal with Green Growth Brands to sell body-care products infused with CBD oil, joining sector peers Abercrombie & Fitch (ANF) and Designer Brands...Read More
MSFT shares could take aim at record highs againMicrosoft Corporation (NASDAQ:MSFT) is trading in positive territory this morning after Cowen began coverage with an "outperform" rating and $150 price target, banking on more strength from the company's commercial cloud business. This view puts the brokerage firm in opposition with analysts at Jefferies, but mirrors the general bullishness on the st...Read More
SNAP options can be had for a bargain right nowThe shares of Snap Inc (NYSE:SNAP) are up 1.9% in electronic trading, after Bank of America touted improved revenue for the company's upcoming second-quarter earnings. The analyst cited a sharp increase app downloads to near record levels last month due to the Snapchat app's "gender-face-swap" filter. The brokerage firm lifted its price target to $1...Read More
Traders also continue to cheer Powell's dovish testimonyDow Jones Industrial Average (DJI) futures are signaling another up day, following yesterday's record highs, as traders continue to cheer dovish comments from Fed Chair Jerome Powell. The central banker will continue his testimony in Washington, D.C., today. In addition, healthcare stocks -- including blue chips Walgreens Boots Alliance (WBA)...Read More
Delta Air Lines reported impressive second-quarter resultsDelta Air Lines, Inc. (NYSE:DAL) stock is up 1.6% in electronic trading, after the air carrier reported better-than-expected second-quarter adjusted earnings of $2.35 per share on a record $12.5 billion in revenue, in line with the consensus estimate. DAL also said unit revenue rose 3.8%, and raised its full-year profit forecast and quarter...Read More
Despite the recent rally, gold still offers value to investors.Gold is undervalued compared to stocks and U.S. government bonds.Mining stock demand is also still strong, which bodes well for the metal.After the 10% gold price increase last month, some would-be buyers have concluded that gold has reached its upside potential and is due for a major pullback. Under normal circumstances, this would be...Read More
The commodity complex is especially exposed to headline sentiment, and there's been a lot going on so far this year.The direction has led gold to, just maybe, start the next bull cycle that has been so long awaited?Energy seems to be continuing its churn, with oil stuck between $50-60. Is that going to change?We ask a panel of Marketplace authors to break down the stories and explain how they&...Read More
"Former Oregon man sentenced to 2 years in prison for defrauding investors in gold-mining scam https://t.co/EKZPURcDN2"Read full newsRead More
"The feds have turned driver's license photos into a gold mine for facial recognition searches https://t.co/QLufIkX5FU"Read full newsRead More
* GRAPHIC-2019 asset returns: (Adds closing prices)By Zandi ShabalalaLONDON, July 11 (Reuters) - Copper was supported by a weakerU.S. dollar on Thursday after Federal Reserve Chairman JeromePowell raised expectations for an easing of monetary policy,although trade war tensions capped gains.Powell said on Wednesday the U.S. economy was under threatfrom a damaging trade war between Washington and Be...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans") is pleased to announce further updates regarding its transition to an omnichannel business.Following the Company's recent corporate update, Peekaboo Beans has announced its quarterly highlights for the period ended March 31, 2019 (Q1 2019):Quarterly Highlights ($CAD)Due to a shift in sales model, sa...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report results from drill holes LE19-15, 16A, 17 and 18. The results include 3.0m of strong uranium mineralization (>1,000 CPS, including 1.0m at >10,000 CPS) in step-out drill hole LE19-18, located 100m east of previous drilling plus a 7.0m long intersection (>1,000 CPS, including 6.0m at >5,000 CPS) of strong uranium...Read More
Domestic price ranges for hollow steel sections in Northern and Southern Europe widened further this week following pressure from decreased feedstock costs and increased import volumes, sources told Fastmarkets on Wednesday July 10.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?625-640 ($700-717) per tonne on Wednesday, down from ?,?630-640 p...Read More
The price of mesh-quality wire rod in Southern Europe has fallen by ?,?10-30 ($11-34) per tonne week on week, because mills in Italy and Spain lowered their offers ahead of the summer slowdown, sources told Fastmarkets on Wednesday July 10.Fastmarkets' assessment of the price of steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?470-500 ($527-560) per tonne on Wednesday, do...Read More
Domestic prices for hot-rolled coil (HRC) in Europe have decreased over the past week due to poor demand, market sources told Fastmarkets on Wednesday July 10.Buying activity has continued, however, but subject to limited demand from end-users and sufficient stocks held by buyers."Market activity is almost non-existent, and the situation is not going to change because in August the mills will go o...Read More
Domestic prices for heavy steel plate across Europe have decreased over the past week due to limited trading activity, sources told Fastmarkets on Wednesday July 10.Fastmarkets' weekly price assessment for steel, domestic, plate 8-40mm, exw Southern Europe, was ?,?500-520 ($560-583) per tonne ex-works on July 10, compared with ?,?515-525 per tonne ex-works a week earlier.The assessment reflected d...Read More
The price of mesh-quality wire rod in Southern Europe has fallen by ?,?10-30 ($11-34) per tonne week on week, because mills in Italy and Spain lowered their offers ahead of the summer slowdown, sources told Fastmarkets on Wednesday July 10.Fastmarkets' assessment of the price of steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?470-500 ($527-560) per tonne on Wednesday, do...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday July 10 that are worth another look.Bosnian aluminium smelter Aluminij Mostar has shut down after years of financial struggle. Copper-zinc miner Hudbay has appointed former Nevsun chief executive officer Peter Kukielski to take over as its interim CEO after longstanding executive Alan Hair stepped down from the post....Read More