Linton told CNBC he was firedCanopy Growth Corp (NYSE:CGC) stock is down 3.5% in electronic trading, after the cannabis company said Bruce Linton is exiting his roles as co-CEO and board member, effective immediately. In an interview with CNBC, Linton said he was "terminated," as CGC hands over 100% of the top responsibilities to Mark Zekulin, who had been serving in the co-CEO spot.Should today's...Read More
Porter Stansberry is predicting a major change in the American economic system. No one believed Porter Stansberry years ago when he said the world's largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.And no one believed him when he said GM would fall apart... or that the same would happen to General Growth Properties (America's biggest mall owner)... or that oil would fal...Read More
A signal that's been extremely bullish for stocks is soundingIn case you haven't heard, the S&P 500 Index (SPX) gained just over 17% in the first half of 2019. That's the strongest first half of a year since 1997. The question now is whether a six-month rally like this can continue for the rest of the year. I'll look at prior years where the first half was extremely strong and see how the rest of...Read More
"Case Study: How The Market Is Valuing SSR Mining's Current And Future Gold And Silver Production https://t.co/hRqEuqRZHH"Read full newsRead More
"Salt Lake City Law Firm Parsons Behle & Latimer Finalizes Historic Barrick Gold Corporation and Newmont Goldcorp Corporation Joint Venture https://t.co/sI9P1dO8Td"Read full newsRead More
* U.S. stock indexes close at record high * Gold hits $1,435.99/oz, highest since June 25 * Palladium hits more than three-month peak * SPDR Gold holdings fell 0.2% on Tuesday (Updates prices)By Diptendu LahiriJuly 3 (Reuters) - Gold steadied on Wednesday, paringearlier gains as a rally in equities reduced the attraction ofthe non-yielding metal, while global growth concerns andprospects for dovis...Read More
(Updates with closing prices)By Peter HobsonLONDON, July 3 (Reuters) - Copper prices were stuck near atwo-week low on Wednesday as uncertainty over U.S.-China tradetalks injected pessimism into the demand outlook and stockpilesin London Metal Exchange (LME) warehouses jumped to the highestin a year. Benchmark copper on the LME closed up 0.5% at $5,918a tonne after slipping to $5,840, the weakest s...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The S&P 500 posted a record closing high even as investors worried about a fresh U.S.-EU tariff dispute. Anheuser-Busch InBev (BUD) rose on news that the world's biggest brewing company and maker of Budweiser beer is planning a Hong Kong listing of its Asian business that could raise around $10 billion. Amarin (AMRN - Get...Read More
Treatment charges (TCs) for lead concentrates rose in June after a price arbitrage that encouraged imports closed off, and major supplying mine Pe??asquito returned to the market after a month-long layoff.Fastmarkets assessed TCs for low-silver lead concentrates at $20-30 per tonne on Friday June 28, up from a 19-month low of $5-15 per tonne on May 31.A closed import arbitrage into China was exace...Read More
The London Metal Exchange three-month tin price fell by 7% on Tuesday July 2, spanning an intraday range of $17,585-18,980 per tonne. Traders and analysts described the move as a technically-led retreat for the metal. Some 1,289 lots of material changed hands by the afternoon kerb on the same day; the most tin traded since June 2017, with an approximate market value of $113 million. This sharp sel...Read More
Tin's three-month price on the London Metal Exchange was down by around 3% during morning trading on Tuesday July 2, with market participants pondering the metal's sudden decline against sizeable volumes traded. The flurry of selling activity in tin took place mostly overnight, with the metal reaching an intra-morning high of $18,980 per tonne at around 1:10am London time, before declining to curr...Read More
Treatment charges (TCs) for lead concentrates rose in June after a price arbitrage that encouraged imports closed off, and major supplying mine Pe??asquito returned to the market after a month-long layoff.Fastmarkets assessed TCs for low-silver lead concentrates at $20-30 per tonne on Friday June 28, up from a 19-month low of $5-15 per tonne on May 31.A closed import arbitrage into China was exace...Read More
Ferro-silicon prices in China increased sharply in the week ended Friday June 28, following a steady run of five weeks, after lower output and higher futures prices encouraged suppliers to raise their offers ahead of monthly tenders from Chinese steel mills.In Europe, the market has stemmed losses after a sharp fall the week before, but prices are seen as fragile in the near term because some cons...Read More
The European and Chinese vanadium markets weakened again in the week to Friday June 28 because of subdued summer demand and low spot liquidity. China export ferro-vanadium price nudges down amid weakness in domestic, European marketsEuropean ferro-vanadium continues to fall amid limited spot activityEuropean, Chinese V2O5 prices mostly unchanged; spot activity remains scarceUS market flat amid in...Read More
The price of magnesium in Europe has fallen over the past month, reaching a fresh 2019 low amid resumed demand but continuing oversupply.Fastmarkets assessed the price of magnesium, in-warehouse Rotterdam, at $2,470-2,550 per tonne on Friday June 28, unchanged week on week on limited activity, but after two consecutive weeks of falls."Lately, there have been a lot of aggressive bids on tenders in...Read More
Cobalt prices came under pressure across the supply chain in June, facing weak seasonal demand while still finding a balance in light of upstream supply increases and changing Chinese consumption habits. Price moves In June, buyers returned to the hand-to-mouth style procurement seen in the first quarter, in anticipation of weaker prices materializing over the summer. As a result, prices came unde...Read More
The Tuesday Market Minute U.S. equity futures are set for modest opening bell as global stocks continue to grind higher following the weekend trade truce between Washington and Beijing.Risk sentiment remains cautious, however, as a brewing trade dispute over aircraft subsides threatens a fresh tariff spat between the U.S. and Europe and global factory output sinks to its lowest level s...Read More
Turkish steel mills continued their deep-sea purchases of scrap cargoes for August shipments, with prices rising further, sources said on Tuesday July 2.A steel mill in the Iskenderun region booked a Baltic Sea cargo late on July 1, comprising 29,000 tonnes of HMS 1&2 (80:20) at $297.50 per tonne and 6,000 tonnes of bonus at $307.50 per tonne cfr.The same mill booked a...Read More
A deal struck between the European Union and South America's Mercosur trading group will boost trade between the two blocs in non-ferrous metals and related products, Fastmarkets heard on Tuesday July 2.The agreement must now be ratified by both sides, but it is intended to phase out all EU duties charged on industrial goods, including metals and metal items, over a period of 10 years.In return, t...Read More
Optimism that the resumption of US-China trade talks meant a trade deal was once again on the agenda led to a relief rally in base metals prices in early trading on Monday July 1, but disappointing manufacturing purchasing managers' index (PMI) data across most regions has led to the gains being reversed.Manufacturing PMI data for Japan, China, Australia, Taiwan, South Korea, Mexico, the EU and JP...Read More