BHP Group (NYSE:BHP) will temporarily suspend its Western Australian nickel operations amid a global oversupply of the battery metal, which has resulted in a decline in prices, it said on Thursday. “Like others in the Australian nickel sector, we have not been able to overcome the substantial economic challenges drivenContinue Reading
ithinksky/E+ via Getty Images U.S. soybean futures fell to the lowest in nearly three-and-a-half years following a sharp drop in soyoil prices and in reaction to favorable weather in U.S. growing areas. Palm oil prices tumbled on the Bursa Malaysia, which in turn pressured U.S. soyoil and by extension soybeans.Continue Reading
Rimma_Bondarenko/iStock via Getty Images Restaurant stocks traded lower on Tuesday as investors and analysts showed some anxiety on how the Q2 earnings season may play out amid more signs that consumers are holding back in certain discretionary categories. The Dow Jones US Restaurants & Bars Index (DJUSRU) was down 1.68%Continue Reading
Chinnapong/iStock Editorial via Getty Images Digital asset investment products recorded $441M of net inflows last week, bucking a three-week strong of net outflows, CoinShares said in a Monday report. Bitcoin (BTC-USD), which slid 6.1% for the week ended July 5, accounted for $398M, or 90%, of the total inflows. InvestorsContinue Reading
U.Today – has lost its footing at around $55,000, which triggered one of the biggest liquidations in the history of the cryptocurrency market. Considering the dire state we are in, it is important to find and highlight the threshold that might act as grounds for a reversal in the foreseeableContinue Reading
SusanWoodImages Restaurants stocks began the third quarter with another swing lower as investors stayed cautious ahead of the Q2 earnings reporting season. The AdvisorShares Restaurant ETF (NYSEARCA:EATZ) and the Dow Jones US Restaurants & Bars Index (DJUUSRU) were both down 1.6% in late afternoon trading. Analysts have warned that someContinue Reading
As the outcome of the election reverberates through the economy and societal landscape of the country, it also has an impact on consumer spending. Wells Fargo analyst Ike Boruchow examines the trends in softlines spending – clothes, bedding, footwear, jewelry – during the year of a presidential election, and howContinue Reading
imaginima/E+ via Getty Images Total active rigs drilling for oil and gas in the U.S. fell by another 7 to 581, the rig count’s fourth consecutive weekly decline and eighth loss in the past 10 weeks, Baker Hughes reported Friday. Drilling rigs targeting crude oil in the U.S. dropped 6Continue Reading
magicflute002/iStock via Getty Images Cocoa futures (CC1:COM) ticked lower on Friday, set for their third-straight weekly fall, and biggest monthly drop in at least a year, as improved weather conditions in the key growing region in West Africa calmed supply fears, following a meteoric rise in prices recently. The mostContinue Reading
U.Today – ‘s drop was really unexpected, but things may turn out better than expected thanks to the fact that it is not being sold to the ground by institutions, and there is a silver lining that you should not miss if you believe that the asset is going downContinue Reading
