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Asian Markets Tumble To Near 2-Month Lows As European Markets Jump Higher
Tuesday, May 24, 2016 - 8:33am | 458Read More...Asian stocks tumbled to near 2-1/2-month lows as investors continue to re-asses the suitability of investments in the region given the likelihood of a U.S. interest rate hike next month. The U.S. dollar index rose slightly to 95.33, within striking distance of Thursday's peak of 95.520 -...
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Investment Pro: Here Are The '4 Cs' Driving The Market
Thursday, May 12, 2016 - 1:43pm | 286Read More...Doug Cote is an investment manager at Voya Investment Management. He was a recent guest on CNBC's Thursday edition of "Squawk Box" to discuss what he describes as the "4 Cs" currently driving the market. According to Cote, the four Cs are commodities, currencies, central banks and corporate...
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Jim Chanos: China Is The 'Gift That Keeps On Giving On The Short Side'
Wednesday, May 4, 2016 - 2:17pm | 204Read More...Notable short-selling investor Jim Chanos of Kynikos Associates discussed why his short thesis on China remains unchanged. "The China story is the gift that keeps on giving on the short side," he continued. "It keeps on morphing as the credit bubble gets bigger, bigger and bigger...
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Bloomberg: 'Nasty' Weather Conditions Are Attracting The Attention Of Hedge Funds
Monday, April 25, 2016 - 1:39pm | 263Read More...According to a report by Bloomberg, the ongoing "nasty" weather seen in certain parts of the world is attracting the attention of hedge funds looking to profit. Bloomberg stated that many hedge funds are doubling their investments in commodities that could gain in value from a drought in Brazil and...
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Shares Of Uranium Resources Under Pressure Despite $12 Million Funding Arrangement
Monday, April 11, 2016 - 10:07am | 327Read More...Shares of Uranium Resources, Inc. (NASDAQ: URRE) were trading lower by nearly 5 percent after Monday's opening bell, erasing its strong pre-market performance when shares were higher by around 9 percent. Uranium Resources announced it has reached a funding arrangement with Aspire Capital...
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What's Going On With Gold?
Monday, April 11, 2016 - 8:59am | 365Read More...Gold futures continued trading higher early Monday morning and reached its highest levels in almost three weeks. Bloomberg attributed the commodity's gains to a weak U.S. dollar and cautious commentary from the Federal Reserve regarding an interest rate hike. Meanwhile, European governments bonds...
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Silver Wheaton Lower By 5% Amid $500 Million Financing Deal
Thursday, March 31, 2016 - 7:29am | 181Read More...Shares of Silver Wheaton Corp. (NYSE: SLW) were trading lower by more than 5 percent early Thursday morning after the company announced a $500 million bought deal financing. Silver Wheaton has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets to acquire, on a...
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Vale Loses 5% Following Production Report, Iron Ore Output Falls Short Of Expectations
Thursday, February 18, 2016 - 11:58am | 233Read More...Shares of Vale SA (ADR) (NYSE: VALE) were trading lower by more than 5 percent on Thursday after the company released its fourth quarter and full year fiscal 2015 production metrics. Vale said its iron ore output rose 2.9 percent from a year ago to 85.4 metric tons but fell short of the 88.3...
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Don't Look Now, But Precious Metals Stocks Are Skyrocketing
Thursday, February 11, 2016 - 10:53am | 339Read More...Precious metal stocks were surging on Thursday, while the Dow Jones index was lower by nearly 200 points. Investors and traders were likely encouraged by M&A activity in the sector as Franco-Nevada Corporation (NYSE: FNV) acquired Glencore PLC's precious metals stream for $500 million...
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United States Steel Continues Downward Descent
Wednesday, January 27, 2016 - 11:39am | 285Read More...United States Steel Corporation (NYSE: X) reported its fourth quarter and full-year results after Tuesday's market close, which resulted in heavy selling of the stock. Shares of U.S. Steel opened for trading at $7.00 on Wednesday and quickly sold off to an intra-day low of $6.43. After...
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AK Steel's Stock Holds On To Early Morning Gains Following Q4 Results
Tuesday, January 26, 2016 - 2:09pm | 404Read More...Shares of AK Steel Holding Corporation (NYSE: AKS) were trading higher by more than 5.7 percent early Tuesday afternoon following the release of the company's fourth quarter results. AK Steel's stock opened for trading at $2.00 and quickly see-sawed to an intra-day low of $1.89 and...
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Shares Of Freeport-McMoRan Give Up Early Morning Gains Following Its Q4 Print
Tuesday, January 26, 2016 - 10:58am | 391Read More...Shares of Freeport-McMoRan Inc (NYSE: FCX) opened for trading at $4.39 on Tuesday. The stock moved higher to $4.42 before reversing direction and were trading higher by less than 3 percent at $4.03 after 20 minutes of trading. Earnings Freeport-McMoRan reported its fourth-quarter results before...
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Fitch Ratings Downgraded Its Rating On Freeport-McMoRan To BBB- With A Negative Outlook
Monday, January 11, 2016 - 4:55pm | 190Read More...Shares of Freeport-McMoRan Inc (NYSE: FCX) tumbled to a new 52-week low of $4.24 on Monday. The company's rating was downgraded by Fitch Ratings on Friday afternoon with a Negative outlook. Fitch Ratings announced after Friday's market close that it downgraded the Issuer Default Rating...
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8 Events Wall Street Hopes To Avoid In 2016
Monday, December 28, 2015 - 3:18pm | 215Read More...2016 could be a good year for Wall Street, provided it avoids the following 8 dangers that market experts fear could occur. According to Reuters, the following are the top worries that bother some of the top market experts: 1. Companies could stop earning profits due to labor costs or...
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Glencore's CEO 'Surprised' By Downturn In Commodity Prices
Tuesday, December 22, 2015 - 12:16pm | 314Read More...Glencore International PLC (OTC: GLCNF) is one of the world's largest commodities trading companies. Leading the company is Ivan Glasenberg, an executive who the Financial Times labeled as "the savviest trader of his generation." Given Glasenberg's reputation as a...
