Category: Top Story
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Moderna shares slide as investors lock in gains after historic cancer vaccine rally
Moderna (NASDAQ:MRNA) shares fell sharply in premarket trading on Thursday as investors took profits following the biggest one-day rally in the biotechnology company’s history, while concerns over valuation added to the selling pressure. The stock dropped 13.0% to $151.78 before the opening bell, having closed the previous session at $174.38 following an extraordinary surge triggered…
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Stallion Uranium: How Drilling is “Delivering the Goods”
Matt Schwab is a proven mine-finder who now believes that he has another major discovery in his sights. This accomplished geologist has considerable credibility to back up his confidence: he led the exploration team that made the multi-billion-dollar Arrow uranium deposit in 2014 in the remote southwestern portion of Saskatchewan’s famed Athabasca Basin. This allowed…
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Fed minutes, Walmart earnings and $40 trillion U.S. debt in focus for markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures edged higher on Thursday after a Treasury intervention helped stabilise government bond markets and supported Wall Street in the previous session. Investors were also assessing more hawkish Federal Reserve minutes, awaiting earnings from Walmart (NYSE:WMT) and monitoring renewed U.S. pressure on Iran as the country’s national debt crossed $40 trillion for the…
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Copper has a timing problem; El Domo is racing the clock
Copper’s challenge is not a lack of resources in the ground. What it has lacked, cycle after cycle, is supply that shows up on time. That gap — between when the world needs copper and when new mines can actually deliver it — is now the central fact of the market, and it’s what makes…
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Stocks Grind Higher as Treasury Buyback Plan Eases Bond Yields
U.S. stocks closed modestly higher on Wednesday, with all three major indexes shaking off recent tech-led weakness as a pullback in Treasury yields steadied sentiment. The move came after the Treasury Department signaled it would step up buybacks of longer-dated government bonds, a step markets read as an effort to rein in borrowing costs after…
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Markets in Motion: Earnings and easier financial conditions support outlook
Markets in Motion examines earnings, financial conditions, copper, gold and shifting sector momentum as investors look toward the fall.
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Lowe’s Cuts Full-Year Sales Outlook as DIY Spending Remains Under Pressure
Lowe’s (NYSE:LOW) has lowered its full-year sales forecast as persistent weakness in spending on major home improvement projects continues to weigh on the retailer, with CEO Marvin Ellison pointing to a challenging environment for discretionary DIY purchases. Shares of Lowe’s fell more than 2% in Wednesday premarket trading following the updated outlook. High interest rates…
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Target Raises Full-Year Sales Outlook as Turnaround Efforts Gain Traction
Target (NYSE:TGT) has increased its annual sales forecast for a second consecutive quarter, offering further signs that the retailer’s turnaround strategy under new CEO Michael Fiddelke may be beginning to deliver results. Excluding the impact of a tariff refund, Target now expects full-year earnings per share to be $0.75 higher at the midpoint than its…
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U.S. Stocks Set for Rebound as Oil and Treasury Yields Retreat: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures pointed to a stronger opening on Wednesday, suggesting Wall Street could recover some of its recent losses as crude oil prices and Treasury yields pulled back. Futures gained momentum as U.S. crude reversed course after advancing strongly during the previous three sessions. Oil futures slipped into negative territory after earlier climbing as…
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Globex Mining: What If the Smartest Mining Bet Isn’t a Mine?
Join host Lyndsay Malchuk on Market Frontlines for a thought-provoking conversation with David Christie, President and COO of Globex Mining Enterprises (USOTC:GLBXF) (TSX:GMX). While most mining companies bet everything on a single flagship asset, Globex has quietly built one of the most diversified mineral portfolios in the sector—spanning hundreds of properties, multiple commodities, and numerous…