Bernie Sanders will soon announce a federal jobs plan that would guarantee a federal job with a minimum $15-per-hour wage and health benefits to Continue...Read More

Global stocks edged higher Tuesday, pulling European shares and U.S. equity futures into positive territory, even as Treasury yields continue to flirt with 3% and oil surged past $75 a barrel, ensuring inflation concerns will remain foremost in investors' minds in days and weeks ahead. Europe's Stoxx 600 index, the broadest measure of share prices, was marked 0.11% higher in the opening hour of...Read More

China's domestic hot-rolled coil prices continued to rise on Tuesday April 24 following early gains in the futures market.Domestic Eastern China (Shanghai): 4,080-4,120 yuan ($647-653) per tonne, up 20-30 yuan per tonne Northern China (Tianjin): 3,990-4,020 yuan per tonne, up 40-50 yuan per tonne HRC futures rose to a high of 3,708 yuan per tonne during the day - 1.7% higher than the Monday's sett...Read More

The options market is pricing in nearly triple the average post-earnings swing for FBSocial media giant Facebook Inc (NASDAQ:FB) is slated to report its first-quarter earnings after the close tomorrow. The stock is currently swooning in sympathy with fellow FAANG member Alphabet's (GOOGL) earnings reaction, and amid reports that Facebook hosted ads for stolen identities. Shares of FB were down 3.5...Read More

Graceland Updates By Stewart Thomson 1. The thrill of victory and the agony of defeat. Gold investors focused on the Western markets and government debt fear trade tend to feel the same kinds of thrills and agony that professional athletes regularly experience.2. Here's a good example: For a few days, silver soars higher on what appears to be the guaranteed start of a long-term...Read More

"It was great learning about our inalienable right of #2A and how to properly use a gun. This was my first time ever touching a gun and it made me appreciate the #Constitution even more"Continue...Read More

LONDON (Reuters) - The European Union’s existing system of market access for foreign financial firms is not perfect but can work for Britain after it leaves the bloc next year, the EU’s financial services chief said on Tuesday.The so-called equivalence system is based on Brussels granting access to the EU for banks, insurers and asset managers from outside the bloc if the bloc deems th...Read More

Let's start with Caterpillar, the maker of earth moving equipment that has for years been the poster child for global slowdown. Every quarter was worse than theContinue...Read More

China's ferrous futures continued to edge up during morning trading on Tuesday April 24, with strengthening domestic demand supporting the physical steel market. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,584 yuan ($568) per tonne, up 27 yuan per tonne October hot-rolled coil: 3,701 yuan per tonne, up 5 yuan per tonne Dalian Commodity Exchange September iro...Read More

3M shares have shed roughly 7% after earningsThe Dow Jones Industrial Average (DJI) has moved lower following this morning's round of blue-chip earnings, with the blue-chip index pacing for a fifth straight loss, which would mark its longest daily losing streak since March 2017. A huge decline in 3M (MMM) shares is doing the most damage on the Dow, while Alphabet's (GOOGL) post-earnings slide is...Read More

HONG KONG (Reuters) - China’s breaches of World Trade Organization (WTO) rules are detrimental to the United States and there are worrying signs that the world’s second-largest economy is moving backward, the U.S. consul general of Hong Kong and Macau said on Tuesday.Kurt Tong was speaking at the Foreign Correspondents’ Club amid escalating tensions after China and the United Sta...Read More

So, what do you think will happen from here with bitcoin?We've already seen a massive crash, and the cryptocurrency seems stuck around the $8,000 mark, after reaching $6,630 recently.Continue...Read More

Boeing stock recently reclaimed its 50-day moving averageBoeing Co (NYSE:BA) is scheduled to report first-quarter earnings before the open tomorrow. The aerospace giant will hope to avoid the fate of sector peerLockheed Martin (LMT), which is lower today despite an upbeat earnings report. Ahead of the event, options traders are flocking to BA calls, hoping for a repeat post-earnings performance....Read More

Gerdau has appointed Chia Yuan Wang president of its North American long steel division, with immediate effect, the Brazil-based steel producer said on Tuesday April 24.Wang takes over from Gerdau's chief executive officer, Gustavo Werneck, who took an interim role as president of the North American business after Peter Campo left the firm at the end of January, when a change in the mill's...Read More

Automtaic Earth's Ra?l Ilargi Meijer just posted an essential essay on the world's financial markets - or what used to be the world's financial markets. Here's an excerpt:"[Price discovery] is the process of determining the price of an asset in the marketplace through the interactions of buyers and sellers", says Wikipedia. Perhaps not a perfect definition, but it'll do. They add: "The futures a...Read More

Continue...Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at...Read More

Wells Fargo said the firm will struggle to overcome liquidity problemsShares of Dynagas LNG Partners LP (NYSE:DLNG) plunged 8.4% last Wednesday, April 18, after the energy transportation company cut its quarterly dividend in order to generate long-term cash flow. Today, however, Wells Fargo downgraded DLNG stock to "underperform" from "market perform," and slashed its price target to $6 from $13,...Read More

Russian steelmaker Severstal, one of two major rebar suppliers in the central region around Moscow, has increased the offer price on its May-rolled rebar because of lower material availability and the weaker rouble, sources told Metal Bulletin this week.Novolipetsk Steel (NLMK), another rebar supplier in the region, had not set its offers for May-rolled rebar at the time of publication.Metal Bulle...Read More

Breaking News! North Korea has agreed to denuclearization. Great! But what does it mean for the gold market? And... why is this not true? Gold Starts Week BadlyThe yellow metal struggled on Monday. Its price declined from $1,335 to $1,320, or more than 1.1. percent, as one can see in the chart below. Chart 1: Gold prices from April 20 to April 23, 2018. The weakness could be caused by many fa...Read More

Ted Butler says the CFTC simply ignores the specific questions about manipulation in the silver market. Here's the latest example...by Ted Butler via SilverSeekA new interview by James McDonald, Director of Enforcement for the U.S. Commodity Future Trading Commission (CFTC), on Friday makes it clear that neither he nor the Commission has any intent to address the obvious manipulation of the silver...Read More