"We received many complaints from the public. Some of them concerned harassment, and that was definitely not our intention. We're reconsidering plans now." Continue...Read More
Newsweek has fired a reporter who penned a snarky, misleading article suggesting that President Trump spent Thanksgiving 'tweeting and golfing,' when he actually flew to Afghanistan for a surprise visit with US troops.Continue...Read More
The Fed's official balance sheet has now increased by $292.93 billion dollars since the end of August 2019.Track the Fed's Official Balance Sheet here: https://fred.stlouisfed.org/series/WALCLTrack the NY Fed's Daily Repo Operations Here: https://apps.newyorkfed.org/markets/a...Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-found...Read More
A UN study shows the "U.S. has world's highest rate of children in detention". That was under the Obama administration.Continue...Read More
Two hedge fund icons - Bridgewater founder Ray Dalio and Paul Tudor Jones - joined Yahoo Finance for the 2nd annual Greenwich Investment Forum earlier this month. Speaking directly after Continue...Read More
"We remain concerned that some people wrongly think that the myriad of CBD products on the market, many of which are illegal, have been evaluated by the FDA and determined to be safe, or that Continue...Read More
Coming into tax loss season, it's time to sharpen your pencils and get your cash ready for opportunities on the horizon.Continue...Read More
Prices in the major global markets for steel billet continued to increase in the week ended Friday November 29 amid more gains in the price of scrap because of seasonal factors.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $266.08 per tonne on November 29, against $257.41 per tonne on November 25."Holiday periods in Europe and the US, and wi...Read More
Bob Moriarty of 321gold discusses the Indonesian government's actions in the nickel market and how they might affect a company with a project in Norway. As the world's largest producer of nickel, the actions of the Indonesian government not only affect those companies working in Indonesia but also half way around the world. In 2014 the country restricted the export of nickel concentrate in an eff...Read More
Turkish long steel producer Ko?? Metalurji will resume production at its steel and rolling mills at reduced outputs at the beginning of the December, a company spokesperson told to Fastmarkets on Friday November 29.Ko?? Metalurji had stopped production at all its steelmaking operations on October 1 as a result of weak long steel and billet market conditions .Demand and prices for rebar export...Read More
The recent grant of approval from the Indian Supreme Court for ArcelorMittal's acquisition of Essar Steel brings an end to years of legal wrangles, giving the global steelmaker access to a much sought-after market, and allowing the Indian steel sector to take a further step toward health. ArcelorMittal has been keen for some time to break into the domestic Indian steel market because it is one of...Read More
Algerian Qatari Steel (AQS) started its own steel production last week, the company told Fastmarkets at the sidelines of the Arab Iron & Steel Union (AISU) annual summit in Tunisia on Wednesday November 27. The company used to import steel billet, but a source at the company told Fastmarkets: "We have stopped importing semis some time ago, continuing with re-rolling billet from stocks imported ear...Read More
Prices in the major global markets for steel billet continued to increase in the week ended Friday November 29 amid more gains in the price of scrap because of seasonal factors.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $266.08 per tonne on November 29, against $257.41 per tonne on November 25."Holiday periods in Europe and the US, and wi...Read More
If you are a producer or consumer, or are active in the physical markets, then you had better be aware of a new set of regulations that will make it all the more important for you to choose the right logistics partner from next year.The International Maritime Organization (IMO) has ruled that from January 1, 2020, the marine sector will have to reduce sulfur emissions by more than 80% by switching...Read More
Most major aluminium producers agree that tackling the carbon intensity of the smelting process is one of the biggest challenges facing their industry. What they cannot agree on is how to deal with the situation, as a lively panel hosted by Fastmarkets during LME Week at the end of October showed. Aluminium smelting is an energy-intensive business and the market is starting to differentiate b...Read More
Bearish macroeconomic signals and oversupply have put minor metals and ferro-alloys prices variously under pressure over 2019; the structure and terms of contracts agreed over the coming weeks will show how market participants are accounting for those signals ahead of 2020. A slowing global economy alongside uncertainty over the China-United States trade dispute and Brexit have slowed minor metals...Read More
If you're new to silver, or if you're a veteran stacker, Matt discusses some things that all investors should consider...by Matt from Silver Fortune via Silver FortuneWhether you're new to silver, or a stacking veteran, this is worth listening to. Read More
Copper has attempted to rebound since early September following a marked sell-off in the summer months where macro and fundamental forces have been prevalent.On the macro front, copper has benefited from a slight easing in US-China trade tensions and more monetary policy easing across the globe - including China, where copper consumption is the most exposed - that has shored up investor sentiment....Read More
RAPAPORT... Luk Fook's sales fell 20% in the first fiscal half amiduncertainty in the Hong Kong market and the rising price of gold. Total sales dropped to HKD 6.31 billion ($805.5 million) inthe six months ending September 30. Profit for the period slipped 26% to HKD497.3 million ($63.5 million). Same-store sales - at Luk Fook outlets open for more than ayear - in Hong Kong and Macau slid 2...Read More
RAPAPORT... Nearly a quarter of Gem Diamonds' shareholders voted againstreelecting CEO Clifford Elphick to the company's board, in an effort to force approval of share buybacks and dividends. The board directors opposed implementing those measures because of the current weakness in the diamond market and the need to maintain appropriate cash reserves, the miner noted.Although Elphick's r...Read More