A heavy sell-off from precious metals traders and jewelers due to sluggish demand led the massive decline of silver last week in the bullion market.
Chesapeake Energy reported its 4Q2014 earnings on February 25, 2015. Adjusted net income was $34 million or $0.11 per share, down from $0.27 per share.
On March 6, weekly US commercial crude oil inventories increased by 10.3 MMbbls from the previous week—more than the estimates.
Gold prices are in a deep downward trend since August 2011, down almost 41%. An improving US economy and a stronger dollar led to a decline in gold prices.
Natural gas prices are in a long-term downward trend, driven by estimates of a huge supply outweighing demand from mid-November 2014.
US markets remained relatively quiet last week as yields fell. However, bonds saw a sharp fall in yields as their prices rose.
The rally in bonds has been an unexpected gift to cap off what was otherwise a dismal year in mortgage banking.
Freeport-McMoRan (FCX) is a leading natural resources company. It’s among the top copper producers and holds the position of largest molybdenum producer.
The chair of the FOMC (Federal Open Market Committee) presents the Humphrey-Hawkins testimony to Congress twice a year, in February and July.
Glenview Capital increased its position in Cadence Design Systems by 3.25 million shares, bringing its position to 17.7 million shares in the company.
WTI crude oil prices closed at $50.76 on March 5, 2015, after testing the lows of February 10 and 20.
A bull-bear battle in February 2015 has caused natural gas prices to rise and fall repeatedly. The bull isn’t out of fight yet.
April gold futures contract trading on COMEX (the commodities exchange division of the New York Mercantile Exchange) closed at $1,196.2 per ounce on March 5. Lows were tested on March 3…
In December, 90-day mortgage delinquencies were at 5.64%, which seems low compared to the peak of 10%. But the level before the housing bubble was 4% to 5%.
Macau’s restriction on using China UnionPay debit cards at casinos to curb illegal money flow could be a factor in February’s drop in gambling revenues.
KKR is currently managing more than $98 billion for its various clients spread around the globe.
US Treasury yields have stayed low due to soft global growth. Yields have been driven down since the financial crisis due to the Fed’s bond buying program.
The key to the Freescale–NXP merger is the timing. The companies are guiding to a 2H15 close, likely in the fourth quarter.
Renaissance Technologies’ portfolio increased to $41.42 billion in the fourth quarter, compared to $36.52 billion in the third quarter.
Lower crude oil prices could hurt the growth of oil-rich economies. Russia’s fortunes are heavily linked to oil prices. A slump in oil prices is negative for Russia’s economy.