A new analyst note on Alibaba (NYSE: BABA) pushed the company's stock higher on Thursday. While the document didn't indicate a change in view from its author, it did help support the bull case for the stock. Ultimately, Alibaba shares ended the day almost 4% higher, well above th
Australia's Sandfire Resources and indigenous group Yugunga-Nya signed a framework agreement to map issues, steps and relationships for the ongoing protection of cultural heritage at the DeGrussa copper mine, the company said on Friday.
The U.S. Food and Drug Administration (FDA) on Thursday approved Ionis Pharmaceuticals and partner AstraZeneca's drug to treat nerve damage caused by a life-shortening rare disease.
The dollar index (DXY00 ) on Thursday fell by -0.51%. The dollar was under pressure Thursday due to weaker-than-expected U.S. GDP and Philadelphia Fed reports, which were dovish for Fed policy. Also, the strength in stocks on Thursday reduced liquidity demand for the dollar. Thursday’s U.S. economic news was mixed...
Although U.S. airlines this year hadn't experienced the kinds of mass cancellations and operational breakdowns that plagued the industry in 2022, carriers continued to struggle. Part of that is due to a record number of people flying. According to data from the Transportation Security Administration, 2023 has seen some of the highest-ever single-day numbers of...
The White House on Thursday said Nippon Steel Corp's $14.9 billion proposed acquisition of U.S. Steel Corp deserves "serious scrutiny," given the company's core role in domestic steel production that is critical to national security.
Shares of CarMax (NYSE: KMX) rallied as much as 13% early Thursday, then settled to close up 5.2% after the used-vehicle retailer announced better-than-expected quarterly earnings. CarMax also resumed its share repurchase program.
The death toll from a blast and fire at an oil terminal in Guinea's capital, Conakry, has increased to 23 from 13 earlier, and the number of injured has risen to 241 from 178, the government said in a statement on Thursday.
January Nymex natural gas (NGF24 ) on Thursday closed up +0.125 (+5.11%). Nat-gas prices on Thursday rallied sharply on a greater-than-expected draw in weekly U.S. nat-gas stockpiles. The EIA reported that U.S. nat-gas inventories fell -87 bcf, a larger draw than expctations of -82 bcf. Nat-gas prices were undercut by...
February WTI crude oil (CLG24 ) on Thursday closed down -0.33 (-0.44%), and Feb RBOB gasoline (RBG24 ) closed down -4.05 (-1.83%). Crude oil and gasoline prices on Thursday closed moderately lower. Crude prices were weighed down by negative carryover from Wednesday when the EIA reported an unexpected increase in...
Despite the recent bounce back, Freeport-McMoRan stock is underperforming the markets in 2023. The cyclical stock does not look like a great buy for 2024, either - at least, not at these prices.
In trading on Thursday, shares of Integra LifeSciences Holdings Corp (Symbol: IART) crossed above their 200 day moving average of $44.14, changing hands as high as $44.23 per share. Integra LifeSciences Holdings Corp shares are currently trading up about 2.5% on the day. The
Shares of BlackBerry (NYSE: BB) were down 13.3% as of 3:20 p.m. ET Thursday after the cybersecurity software and services company announced mixed quarterly results.
The Canadian dollar extended recent gains against the U.S. dollar on Thursday as Wall Street rallied, with the move raising pressure on speculators that have built large short positions in the currency.
The market continues to be undecided about the future of the electric vehicle in the industry, pushing stocks lower yesterday and then driving them higher today. We got a decent earnings report from CarMax, but there wasn't a lot of industry news ahead of the holidays; stocks hav
In trading on Thursday, shares of Globus Medical Inc (Symbol: GMED) crossed above their 200 day moving average of $53.84, changing hands as high as $53.95 per share. Globus Medical Inc shares are currently trading up about 3.9% on the day. The chart below shows the one year p
Many often equate being frugal with being cheap, but they're not the same. Being frugal means prioritizing your spending and changing your habits to save money. On the other hand, being cheap means...
The halvening is nigh, and miners are fighting for territorial advantage. Time for some Hash Recon to find the energy market high ground. From “The Primary Issue”.
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