A possible national railroad strike is looming over the U.S. supply chain and adding to the inflation fears that have roiled markets this week. Major freight railroad operators have already Read more
Tag: basic materials
Only 5 stocks in the S&P 500 ended in positive territory after Powell’s hawkish inflation speech
It took only a 10-minute speech from Federal Reserve Chairman Jerome Powell on Friday to clarify that monetary policy would be relentlessly tightened in the months ahead. Investors dumped stocks, Read more
U.S. industrial output up sharply in July
The numbers: U.S. industrial production rose 0.6% in July, the Federal Reserve reported Tuesday. The gain was above Wall Street expectations of a 0.3% increase, according to a survey by Read more
New York Empire State factory gauge plunges in August deep into contraction territory
The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, plummeted 42.4 points to negative 31.3 in August, the regional Fed Read more
New York Empire State factory gauge plunges in August deep into contraction territory
The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, plummeted 42.4 points to negative 31.3 in August, the regional Fed Read more
Paintings by college-age Andy Warhol put on auction block by Warhola family
A selection of Andy Warhol’s earliest paintings that have been kept in his family for more than 70 years will hit the auction block later this year, according to a Read more
Analyst slashes revenue outlook for Trulieve, Curaleaf, Canopy, Cronos as cannabis business takes a hit
Jefferies analyst Owen Bennett trimmed revenue expectations for four major cannabis names from the U.S. and Canada, but kept his ratings intact on the heels of quarterly updates from Curaleaf Read more
Gold hangs on to modest weekly gain despite latest retreat
Gold prices slipped again Friday with the yellow metal erasing a little more of a rally that started late last month after the Federal Reserve announced its latest interest rate Read more
Gold retreats but holds above $1,800 as recent rally stalls
Gold declined on Thursday as a recent rally appeared to sputter while precious metals traders awaited more inflation data. Price action Gold futures GCZ22, -0.10% expiring in December dropped Read more
K+S 2Q Earnings Jumped on Higher Prices; Backs Outlook Despite Possible Gas Shortages
By Pierre Bertrand K+S AG said Thursday that second-quarter earnings jumped as higher average prices compensated for increased costs, and backed its 2022 outlook despite a possible reduction in natural Read more