INTC is on track for its worst day since July Intel Corporation (NASDAQ:INTC) is the worst stock on the Dow today by far, down 8.3% to trade at $52.85, after the chipmaker cut its 2019 revenue forecast to $69 billion from $71 billion, while also reporting lower-than-expected data center sales. The dismal guidance overshadows aearnings and revenue beat, sparking concerns about a sector-wide semico...Read More
JOHANNESBURG - South Africa's militant AMCU union said on Friday that it was complying with the country's labour laws, disputing a government notice which said it could be de-registered for breaking rules governing how unions should operate.The Association of Mineworkers and Construction Union (AMCU), one of the largest trade unions in South Africa's mining sector, has thousands of members at mine...Read More
JOHANNESBURG - South Africa's militant AMCU union said on Friday that it was complying with the country's labour laws, disputing a government notice which said it could be de-registered for breaking rules governing how unions should operate.The Association of Mineworkers and Construction Union (AMCU), one of the largest trade unions in South Africa's mining sector, has thousands of members at mine...Read More
South Africa's Transnet freight group is installing a new iron ore tippler at the country's main iron ore export line in order to sustain its current output of 60 million tonnes a year, officials said on Friday at its Saldanha port terminal.The 3 billion rand ($208 million) project, which includes infrastructure such as a conveyor belt leading to the port, railway tracks and three bridges, is expe...Read More
The brokerage firm also slashed its FDX price targetUBS downgraded FedEx Corporation (NYSE:FDX) to "sell" from "neutral," and slashed its price target by $10 to $161 -- a nearly 15% premium to last night's close at $188.87. Analyst Thomas Wadewitz cited slowing Asian airfreight and German factory activity as signs of a "challenging environment for Fedex's International Package business," while wea...Read More
The food delivery concern announced a first-quarter earnings and revenue beat Food delivery concern Grubhub Inc (NYSE:GRUB) is soaring today, after the company posted earnings and revenue for the first quarter that exceeded analysts' estimates. The company says it's gained an edge in the oversaturated market via aggressive spending and strategic partnerships with restaurants. GRUB shares are up 9...Read More
Bitcoin Gold rebounds 8.17% on Friday after the sudden widespread crypto selloff. BTG is the strongest daily gainer following a formidable rebound from the intraday low. The cryptocurrency market is dealing with the aftermath of the allegations facing Tether (USDT) and Bitfinex following a new filing by the New York Attorney General’s office. The two entities are accused of covering up a s...Read More
China's COSCO SHIPPING Ports Ltd is set to sign a $3 billion deal with Peru's Volcan Compania Minera to invest in the port of Chancay on the South American country's Pacific coast next month, Volcan chairman said on Friday.COSCO SHIPPING Chairman Xu Lirong will attend a signing ceremony for the deal mid-May at the Presidential Palace in Lima, Volcan Chairman Jose Picasso Salinas told Reuters on th...Read More
Markets Earnings Oil Gold Europe lower as earnings season comes into focus It’s been a slightly negative end to the week in Europe, with indices marginally in the red, while US futures are once again looking mixed as we await more earnings reports. Earnings is very much front of mind right now, with central banks around the world having adopted a far more dovish approach in anticip...Read More
Aurubis, Europe's largest copper producer, on Friday cut its annual targets, citing factors such as a slower economy and maintenance shutdowns, sending its shares sharply lower. Aurubis now expects operating pretax earnings in its fiscal 2018/19 to decrease by more than 15% compared to the previous year. In February, Aurubis had forecast full-year operating earnings before tax to be "moderately lo...Read More
Aurubis, Europe's largest copper producer, on Friday cut its annual targets, citing factors such as a slower economy and maintenance shutdowns, sending its shares sharply lower. Aurubis now expects operating pretax earnings in its fiscal 2018/19 to decrease by more than 15% compared to the previous year. In February, Aurubis had forecast full-year operating earnings before tax to be "moderately lo...Read More
As always, most analysts focus not on what they really should. After March FOMC meeting, everyone was talking about the more dovish dot-plot. But the Fed also announced that it will end the unwinding of its balance sheet in September. As these changes are revolutionary and may entail potentially huge consequences for the precious markets, we invite you to read our today’s article about the n...Read More
In a meeting at the economic affairs ministry in The Hague late last year, Tata Steel's Dutch chief Theo Henrar pledged he would spend hundreds of millions of euros to cut factory emissions - on condition the government invested a similar amount.The proposal from the industrial giant, which has not been made public, comes against the backdrop of global wrangling between governments and corporation...Read More
The SPX and NDX are signaling lower starts, tooIt's a busy morning on Wall Street, with traders eyeing another round of blue-chip earnings.Intel (INTC) stock is bracing for a big drop on the chipmaker's weak outlook, and oil major Exxon Mobil (XOM) is also lower after earnings. Elsewhere, traders are digesting the the latest gross domestic product (GDP) reading, which showed the U.S. economy grew...Read More
Gold spot ($) Further advance. Stay on top of the markets with Swissquote’s News & Analysis Pivot (invalidation): 1276.00 Our preferenceLong positions above 1276.00 with targets at 1285.00 & 1287.00 in extension. Alternative scenarioBelow 1276.00 look for further downside with 1273.00 & 1270.00 as targets. CommentThe RSI is bullish and calls for further u...Read More
ZEN Graphene Solutions (TSXV: ZEN) reported this week that it is collaborating with Constance Lake First Nation to incorporate traditional knowledge into the environmental baseline studies for its Albany graphite project near Thunder Bay, Ontario.In a press release, ZEN said that the studies are already underway and, together with social baseline assessments, they will be an important input into...Read More
ZEN Graphene Solutions (TSXV: ZEN) reported this week that it is collaborating with Constance Lake First Nation to incorporate traditional knowledge into the environmental baseline studies for its Albany graphite project near Thunder Bay, Ontario.In a press release, ZEN said that the studies are already underway and, together with social baseline assessments, they will be an important input into...Read More
Delrey Metals (CSE: DLRY) announced that it has mobilized a team of exploration geologists and samplers to its wholly-owned Star, Porcher and Blackie properties located near Prince Rupert, British Columbia.In a press release, Delrey said the crew will be ground-truthing several kilometre-scale, high amplitude magnetic anomalies highlighted by the recently completed high-resolution geophysical surv...Read More
Delrey Metals (CSE: DLRY) announced that it has mobilized a team of exploration geologists and samplers to its wholly-owned Star, Porcher and Blackie properties located near Prince Rupert, British Columbia.In a press release, Delrey said the crew will be ground-truthing several kilometre-scale, high amplitude magnetic anomalies highlighted by the recently completed high-resolution geophysical surv...Read More
* Central bank holds rate at 7.75 pct, as expected * Bank says inflation peaked, on track to slow* Interest rate cut possible in Q2-Q3 - central bank * Next rate-setting meeting on June 14 (Adds detail, analyst comments)By Gabrielle T?(C)trault-Farber and Andrey OstroukhMOSCOW, April 26 (Reuters) - Russia's central bank held itskey interest rate at 7.75 percent on Friday in line with marketexpecta...Read More