Copper prices fell for the third straight day on Wednesday as tensions between the U.S. and China flared as House Speaker Nancy Pelosi wrapped up her visit to Taiwan, an Read more
Tag: basic materials
Gold ends lower Wednesday, breaks longest winning streak since April
Gold closed lower on Wednesday, ending a five-day winning streak that was its longest stretch of uninterrupted gains since April, as traders reconsidered the odds of a Federal Reserve pivot Read more
Caterpillar earnings disappoint again: Supply chain challenges, China and strong dollar blamed as sales came up short
Shares of Caterpillar Inc. sank Tuesday, after the construction and mining equipment maker reported another disappointing earnings report, with profit beating expectations but sales coming up a bit shy. The Read more
Americans’ credit-card debt just had the biggest jump in more than 20 years, New York Fed says
In a sign of the continuing toll from decades-high inflation, Americans loaded an extra $46 billion on their credit cards during the second quarter and their balances saw the sharpest Read more
Dow futures drop as tensions intensify over Pelosi’s planned Taiwan visit
U.S. stock-index futures pointed to a lower start Tuesday, with analysts blaming rising tensions between the U.S. and China as House Speaker Nancy Pelosi prepared to visit Taiwan. What’s happening Read more
Gold looks to extend winning streak to 5th session as yen strengthens, Treasury yields decline
Gold’s post-Federal Reserve rally continued on Tuesday with the yellow metal on track to climb for a fifth straight session which would be the longest winning streak for a most-active Read more
The dollar will weaken and these stocks could outperform, says Evercore
Hopes that the Federal Reserve may be less aggressive in hiking borrowing costs than previously feared have rippled swiftly across markets in the past week. Stocks have rallied as bond Read more
Fresnillo profits slide on silver price slump and surging costs
Fresnillo PLC FRES, -1.25% said Tuesday pretax profit sharply fell and revenue slipped for the first half of 2022, and that it was on track to meet its 2022 production Read more
Can Caterpillar earnings live up to the hype of strong demand and recent stock surge?
Shares of Caterpillar Inc. have soared in recent weeks ahead of earnings, even though investors are usually left disappointed by the construction and mining equipment maker’s quarterly results. Caterpillar is Read more
Gold, silver extend rally after best week since March
Gold and silver prices continued to climb on Monday after cementing their best weekly performance since March. Price action Gold futures GC00, +0.45% GCZ22, +0.45% for December delivery gained $6.70, Read more