Traders are digesting weak housing dataU.S. stocks are mixed at midday, with the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all lingering around breakeven. Concerns about a delayed U.S.-China trade deal are keeping some investors on the sidelines, with Wall Street also digesting a steeper-than-expected drop in new home sales in January. Meanwhile, Boeing...Read More
Miner Anglo American on Thursday completed the installation of a floating island of solar panels in a tailings pond associated with its flagship Los Bronces copper mine outside the Chilean capital of Santiago, a bid to boost efficiency at the deposit.The 256 panels, tethered to the bottom of the artificial lagoon to ensure proper orientation even in strong winds and changing water levels, have the...Read More
"Mondias Natural Products Inc - Anew agriculture/natural health product company expanding across Canada!Read more here:https://t.co/nMda2cgJJm$NHP #NHP #momentumstocks #hotstocks #smallcap #mondias #mondiasnaturalhealth #Greymold #cropscience"Read full newsRead More
Canada is in danger of losing its global dominance in mining, despite recent government initiatives to improve competitiveness, according to a report from an industry association.The report, by the Mining Association of Canada, comes as debate about the hollowing out of the country's mining sector grows. Mega-mergers by Canada's two largest gold companies, Barrick Gold Corp. and Goldcorp Inc., sta...Read More
• The precious metal stalled its recent positive momentum near 200-period SMA on the 4-hourly chart and came under some renewed selling pressure on Thursday. • The intraday slide dragged the commodity below the key $1300 psychological mark and tested 50% Fibonacci retracement level of the $1280-$1311 latest up-move. • Slightly...Read More
Shorts are likely cheering today's TLRD declineTailored Brands Inc (NYSE:TLRD) is being pummeled this morning, last seen 21.7% lower at $9.15 -- and fresh of a 10-year low of $8.70 -- after the retailer reported a fourth-quarter sales miss and disappointing forecast. Looking closer, comparable sales for the Men's Wearhouse and Jos. A. Bank businesses declined during the period. In response, at l...Read More
More uncertainty over Brexit is keeping gold buoyant.Yet gold's currency factor is keeping the metal's price locked in a range.Ultimately, rising safety demand will allow gold's recovery to continue.Gold is consolidating its gains from its November-February rally and remains in a well-defined holding pattern. Pundits remain divided as to whether this holding pattern represents a pause...Read More
A thin earnings schedule still features some important namesThe main focus of the upcoming trading week will be the two-day Federal Open Market Committee (FOMC) meeting, which begins on Tuesday. Investors will be awaiting a Wednesday policy decision to see if the Fed will maintain its dovish stance. There are a few names to watch on the earnings front, too, including delivery giant FedEx (FDX) and...Read More
Culp expects 2020 and 2021 to be significantly betterThe shares of General Electric Company (NYSE:GE) are higher today, shaking off the industrial conglomerate's 2019 outlook that fell short of expectations. More specifically, the company forecast adjusted full-year earnings of 50 cents to 60 cents per share, compared to the 70 cents per share consensus estimate, and said negative cash flow in it...Read More
The brokerage firm sees strong growth for the solar stockThe shares of Vivint Solar Inc (NYSE:VSLR) are up 4% to trade at $5.21, after Goldman Sachs took a bullish stance to the alternative energy sector. The brokerage firm said it anticipates " lower costs for solar and favorable policy support ... to drive meaningful upside to the market," and forecast year-over-year utility-sector solar install...Read More
A California jury awarded a woman $29 million The shares of Johnson & Johnson (NYSE:JNJ) are down 0.9% at $138.16 in early trading, after a California jury awarded $29 million to a woman who claimed that the asbestos in the company's talcum-based powder gave her cancer. The blue chip said it would appeal.JNJ shares plummeted in mid-December, amid reports the company was aware of asbestosin its bab...Read More
Russian billionaire Roman Abramovich's company Crispian has no plans at the moment to sell a further stake in mining giant Norilsk Nickel, Interfax news agency cited Crispian co-owner Vladimir Abramov as saying on Thursday.Abramovich sold $551 million worth of shares earlier this month.(By Anton Kolodyazhnyy, Andrey Kuzmin and Tom Balmforth; Editing by Mark Potter)Read More
Mizuho is very bullish on MSFT and CRMAnalysts this morning have issued new notes on tech stocks Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Salesforce.com, inc. (NYSE:CRM). Let's take a look at how Wall Street is viewing shares of AAPL, MSFT, and CRM. It's been a big week for Apple shares, which just notched their highest close since early December. The stock is up another...Read More
Russia's trade and industry ministry is considering a temporary ban on the export of precious metals scrap and tailings, the ministry said, to promote domestic refining of the materials.The proposed ban would last from May 1 to Oct. 31 this year, the Kommersant newspaper reported earlier, citing ministry documents.Russian precious metal refining facilities - the main consumers of raw materials con...Read More
The last time the U.S. was this unpopular around the world was during the financial crisis in 2008...Read full newsRead More
The deal involves liquidating cross-holdings and buying back shares in a transaction worth 100 million fancs Read full newsRead More
Southern Copper Corp, one of the world's biggest copper producers, is considering an investment in a lithium project in Mexico that has also attracted interest from a Chinese firm, the company's chief executive told Reuters on Wednesday.Oscar Gonzalez said company officials visited the lithium project in the state of Sonora, Mexico, although he could not recall the name of the Canadian miner he sa...Read More
Southern Copper Corp, one of the world's biggest copper producers, is considering an investment in a lithium project in Mexico that has also attracted interest from a Chinese firm, the company's chief executive told Reuters on Wednesday.Oscar Gonzalez said company officials visited the lithium project in the state of Sonora, Mexico, although he could not recall the name of the Canadian miner he sa...Read More
South African coal mining company Exxaro Resources Ltd said on Thursday its full-year earnings climbed 7 percent, boosted by higher coal prices and the absence of one-off transactions seen a year earlier.Core headline earnings per share (HEPS) rose to 2,159 cents or 7.167 billion rand ($496.24 million) for the year ended Dec. 31, 2018, from 2,011 cents per share or 6.295 billion rand in the same p...Read More
Russia's RDIF sovereign wealth fund said on Thursday it had completed a joint deal with the Russia-China Investment fund and a Middle Eastern sovereign wealth fund to acquire a 9.53 stake in Russian mining company Intergeo.Intergeo, a part of Onexim Group, which manages the assets of Russian billionaire Mikhail Prokhorov, is developing its Kingash deposit in Russia's Krasnoyarsk region and Ak-Sug...Read More