Sector: Basic Materials
Yesterday, Morgan Stanley analyst Adam Jonas provided his thoughts on Tesla while maintaining his rating and target price on its stock.
Cleveland-Cliffs (CLF) and its US steel peers are on a roller-coaster ride in 2019. CLF fell 25.5% in August alone. Year-to-date, it's up 6.4%.
Traders have lowered the probability of a Fed rate cut at this week’s meeting. Earlier, traders were almost certain that there would be a rate cut.
Last month, Trump claimed that the US steel industry is “thriving.” With US steel companies set to release their guidance, we may see if Trump is right.
Yesterday, gold prices rose around 1%, or $15.90, following drone attacks on Saudi Arabia's Aramco oil facilities on September 14.
Gold has been benefiting from the US-China trade war. However, some observers, such as Jim Cramer and Citigroup, disagree on what's in store for gold.
As the trade war rages on, China's de-dollarization bid continues. The trade war is taking a toll on the US and Chinese economies.