The newly public company just reported its first-quarter resultsThe Germany-based e-commerce concern Jumia Technologies AG (NYSELJMIA) released its first-quarter results this morning -- its first since going public in mid-April -- to disastrous results. The so-called "Amazon of Africa" company reported smaller-than-expected growth in revenue from last year, and a big quarterly loss. In response, J...Read More
Even the richest mine eventually runs out.That's what's happening in South Africa, where AngloGold Ashanti Ltd. announced plans Thursday to dispose of its last remaining pit in the country, just as voters were heading to the polls for the sixth general election since the end of apartheid.A transaction for the Mponeng mine southwest of the capital Johannesburg is unlikely to rock financial markets...Read More
Nova Scotia is in the middle of a gold rush," said Sean Kirby, Executive Director of MANS. "One gold mine opened in 2017, four are in the permitting process and there is a lot of exploration taking place. The Nova Scotia Gold Show will be an opportunity for investors and exploration companies to learn about the exciting opportunities in Nova Scotia."The Gold Show will take place October 17-19,...Read More
Most analysts are already bullish on the cannabis stockAlliance Global initiated coverage on Canopy Growth Corp (NYSE:CGC) with an upbeat "buy" rating, saying the Canada-based company can become the "global leader in cannabis," and called its buyout deal with Acreage Holdings a "critical game changer." This echoes the broader bias seen among the brokerage bunch, with eight of 11 analysts maintaini...Read More
The pullback puts Nvidia below a $100 billion market capThe semiconductor sector is often one of the hardest hit when trade tensions with China are on the rise, and we're seeing that today after the Asian nation announced shortly before U.S. markets opened that it was increasing tariffs. One name to watch during these moment, especially this week, is GPU giant Nvidia Corporation (NASDAQ:NVDA). I s...Read More
Markets Gold Oil Markets back in the red as tariffs increased European markets are mostly lower at the start of the week and the US is expected to open even deeper in the red after talks between the US and China broke down and tariffs were increased. The talks appeared to be going quite smoothly until a week ago when the cracks started to appear, since when markets have given up a chunk of...Read More
As the platinum industry heads for its annual gathering in London, the question is whether one of the worst-performing metals of the last few years can sustain its recent recovery.For now, the signs are that it may. Prices of the metal mostly used in autocatalysts are off to the best start to a year since 2016 as investors flock back to exchange-traded funds. The outlook in the physical market is...Read More
The world's second largest miner, Rio Tinto, (ASX, LON, NYSE:RIO) is a step closer to begin expanding its West Angelas iron ore mine in the Pilbara, Western Australia, as it has received the state's environmental watchdog's approval.The Environmental Protection Authority (EPA) said Monday it would recommend open-cut mining at the site to be expanded by 4,100 hectares to 26,700ha, taking it to with...Read More
The world's second largest miner, Rio Tinto, (ASX, LON, NYSE:RIO) is a step closer to begin expanding its West Angelas iron ore mine in the Pilbara, Western Australia, as it has received the state's environmental watchdog's approval.The Environmental Protection Authority (EPA) said Monday it would recommend open-cut mining at the site to be expanded by 4,100 hectares to 26,700ha, taking it to with...Read More
Chinese steelmakers are regaining their appetite for high-grade iron ore despite record-high ore prices, mill managers and traders say, as recovering profit margins spur plants to seek efficiency gains and ramp up output.Steel firms had been forced to slash input costs through switching to low-quality ore in late 2018 as steel margins dived amid record output. A sharp surge in iron ore prices in e...Read More
Japan's JX Nippon Mining & Metals, a mining and smelting unit of JXTG Holdings Inc, said on Monday that Seiichi Murayama, senior executive officer, will become its new president on June 26, replacing the current president Shigeru Oi.Under a long-term vision through 2040 announced on Monday, JX Nippon Mining aims to transform itself into a company focusing on advanced materials from a company cente...Read More
Japan's JX Nippon Mining & Metals, a mining and smelting unit of JXTG Holdings Inc, said on Monday that Seiichi Murayama, senior executive officer, will become its new president on June 26, replacing the current president Shigeru Oi.Under a long-term vision through 2040 announced on Monday, JX Nippon Mining aims to transform itself into a company focusing on advanced materials from a company cente...Read More
Today's pullback could find familiar support, thoughThe shares of Shopify Inc (NYSE:SHOP) are down 4.5% in electronic trading this morning, after Guggenheim downgraded the e-commerce name to "neutral" from "buy." Ken Wong, the analyst in coverage, notes that while he still regards the retail name as a "disruptive force," he sees a capped potential in the stock's valuation and believes many inves...Read More
China will raise tariffs on U.S. goods starting June 1 Futures on the Dow Jones Industrial Average (DJI) have plummeted 480 points, after China said it will raise tariffs to as high as 25% on $60 billion worth of U.S. imports, starting June 1. This comes just after the U.S. raised tariffs on $200 billion in Chinese goods last week. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) a...Read More
Soaring investment demand will create platinum shortages in 2019, while the palladium market will see a deficit for the eighth consecutive year due to robust demand from the auto sector, specialist materials firm Johnson Matthey said.In a report produced at the start of Platinum Week in London, Johnson Matthey forecast a 127,000-ounce platinum shortfall this year, after surpluses of 372,000 and 44...Read More
Shorts coming out of hibernation remains a risk to stocks Since nearing 1,600 earlier this month, $RUT has stalled...Same for $SPX at 2,900... $IXIC now battling 8k- Todd Salamone (@toddsalamone) April 17, 2019 After multiple equity benchmarks rallied above key round numbers that I pointed out about a month ago on Twitter, and the S&P 500 Index (SPX - 2,881.40) and Nasdaq Composite (IXIC - 7,916...Read More
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! In December 2018, Highland Gold Mining Limited (LON:HGM) released its most recent earnings announceme...Read full newsRead More
SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill (TSE, NSYE: TRQ), is expected to vote against the re-election of the Canadian miner's board members this week, during the company's annual meeting.The San Francisco-based investor claims the four independent directors were handpicked by Rio and are not representing the interest of all investors.SailingSto...Read More
SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill (TSE, NSYE: TRQ), is expected to vote against the re-election of the Canadian miner's board members this week, during the company's annual meeting.The San Francisco-based investor claims the four independent directors were handpicked by Rio and are not representing the interest of all investors.SailingSto...Read More
SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill (TSE, NSYE: TRQ), is expected to vote against the re-election of the Canadian miner's board members this week, during the company's annual meeting.The San Francisco-based investor claims the four independent directors were handpicked by Rio and are not representing the interest of all investors.SailingSto...Read More