Dow Jones Futures Are Flat: Watch Out for Data!
Dow Jones Futures are pointing to a flat opening for the day. The flash PMI data and other economic data releases might impact markets today.
Did Trump Send the Dow Jones Down 140 Points Today?
The Dow Jones dropped 140 points today. This drop was driven by several factors, including a potential impeachment inquiry of President Trump.
What BASF’s Profit Warning Means for the Global Economy
On Monday, BASF, the world’s largest chemical company, wreaked havoc on investors by providing a disappointing profit outlook.
Dan Loeb Increased Third Point’s Position in These Stocks in Q4
In Q4 2018, Third Point initiated a new position in Cigna (CI), which is an American healthcare services organization.
BHP’s Clean Exit from Its US Shale Assets Was a Long Time Coming
BHP’s previous chairman, Jacques Nasser, noted in hindsight that a $20 billion investment in shale assets made at the peak of the cycle was a mistake.
Cleveland-Cliffs Stock Rises on Strong Earnings, Upbeat Guidance
Cleveland-Cliffs (CLF) released its Q2 earnings on July 20. Its EPS was $0.76, beating the consensus estimate of $0.53 by 43.4%.
Revisiting the Case: How Does Cleveland-Cliffs Look Now?
Cleveland-Cliffs (CLF) has witnessed a turnaround of sorts in the last four years.
Why Gold Failed to Catch Bids despite Escalating Trade Tension
In times of escalating geopolitical or economic concerns, gold often acts as a safe-haven asset. This year, however, gold’s safe-haven appeal seems to be somewhat tarnished.
Risks of a Slowdown Rise on Trade War Risks—Can Gold Benefit?
According to a survey by Bank of America Merrill Lynch, 31.0% of respondents see a trade war as the biggest tail risk for the markets, up from 25.0% in May.
Trade Tensions Rise as the US Seeks to Curb Chinese Investment
After posting negative returns last week, US stock market futures have started the week 0.6% lower.
How Markets Reacted to the Fed’s Hawkish Stance
As was widely expected, the Fed raised interest rates by 25 basis points yesterday, to 1.75%–2%.
Markets Tumble, Gold Shines as Trump Cancels North Korea Meeting
In a classic Donald Trump move, the president wrote a letter to North Korean leader Kim Jong-un to cancel their planned meeting in Singapore next month.
CLF Pops as US Slaps Tariffs on Chinese Steel Shipped via Vietnam
US steel stocks (SLX) and Cleveland-Cliffs (CLF) have been on a roller coaster ride that refuses to calm down.
Why Ray Dalio and John Paulson Are Still Betting on Gold
As per the 13Fs filed for the first quarter, hedge funds still seem to have confidence in gold’s price outlook.
Is Cliffs’ Balance Sheet Ready for the Next Growth Phase?
Cleveland-Cliffs (CLF) has come a long way with respect to its financial leverage.
Cliffs Maintains US Volume Guidance for 2018
US iron ore (or USIO) is the main driver for Cleveland-Cliffs’ (CLF) top and bottom lines.
These Commodities Boosted Union Pacific’s Carload Traffic in Week 50
In the week ended December 16, 2017, major western US railroad Union Pacific (UNP) saw an 8.1% rise in carload traffic.
How CSX’s Freight Volumes Moved in Week 50
Jacksonville-based Eastern US rail giant CSX (CSX) has lost volumes to rival Norfolk Southern (NSC) in 2017.
Canadian National Railway Saw the Most Traffic Growth in Week 50
Canadian National Railway (CNI) has witnessed YoY (year-over-year) carload gains in recent weeks.
Week 50: US Rail Freight Traffic on the Rise
US rail companies’ carload traffic jumped 4.1% to ~265,000 railcars in week 50 of 2017 compared with over ~254,700 units in the corresponding week last year.