The numbers: The Philadelphia Fed said Thursday its gauge of regional business activity dropped to negative 12.3 in July from negative 3.3 in the prior month. Economists polled by the Read more
Tag: basic materials
Alcoa stock jumps after earnings increase more than expected
Alcoa Corp. said Wednesday its profit jumped in the second quarter after sales rose more than costs and expenses. The Pittsburgh-based aluminum producer posted net income of $549 million, compared Read more
Gold turns lower as dollar rebounds
After trading modestly higher over the past two days, gold weakened on Wednesday as the U.S. dollar found its footing following a brief pullback. Price action Gold futures GCQ22, -0.08% Read more
Akzo Nobel sees big 2Q net income miss as it books higher costs
Akzo Nobel NV on Wednesday reported a more-than halved second-quarter net profit–missing market forecasts–as it booked higher costs, and said it aims to grow at or above its relevant markets, Read more
Akzo Nobel sees big 2Q net income miss as it books higher costs
Akzo Nobel NV on Wednesday reported a more-than halved second-quarter net profit–missing market forecasts–as it booked higher costs, and said it aims to grow at or above its relevant markets, Read more
Cruise stocks extend gains after CDC ends COVID-19 program for cruise ships
Shares of cruise operators rallied Tuesday, after the Centers for Disease Control and Prevention indicated it’s now up to the companies and travelers to worry about COVID-19 mitigation and safety. Read more
Gold rises for second day, bolstered by dollar’s pullback
Gold prices traded higher for a second day on Tuesday as the precious metal recovered a little ground following its fifth straight week of losses. Price action Gold futures for Read more
Gold edges higher after 5th straight weekly decline
Gold futures bounced modestly Monday, with the yellow metal attempting to find its footing after a fifth straight weekly decline as a fierce dollar rally relented. Price action Gold for Read more
Solvay to Deliver Record 2Q Results Well Ahead of Expectations
By Ed Frankl Solvay SA said Monday that it will raise its full-year guidance after second-quarter results were well ahead of expectations, driven by higher volumes and pricing. The Belgian Read more
Opinion: This new ETF buys the commodities that will power our carbon-free future
A new exchange traded fund seeks to provide an easy way to invest in the raw materials needed to power the transition to cleaner energy. The Harbor Energy Transition Strategy Read more