|
|
|
|
|
|
|
|
|
21.09.26 - 22:54
|
Wall Street Surges As Crude Oil Slumps (AFX)
|
|
|
WASHINGTON (dpa-AFX) - U.S. stocks moved firmly on Monday, supported by lower Treasury yields and easing concerns about inflation due to a sharp drop in oil prices. The major averages opened solid......
|
|
|
|
|
|
|
|
|
21.09.26 - 22:18
|
Critical Metals Shares Soar On Trump′s Greenland Deal As Mining Stocks Eye Rebound After Summer Slump (ZeroHedge)
|
|
|
Critical Metals Shares Soar On Trump's Greenland Deal As Mining Stocks Eye Rebound After Summer Slump
Critical Metals jumped 37.5% to $9.22, while Greenland Energy surged 126% and Greenland Mines soared 136% on news this past weekend that President Trump had announced a security deal with Denmark and Greenland. This is fueling Wall Street's expectations of greater US access to the territory's mineral resources.
Trump said Friday in a lengthy Truth Social post that the US had reached a deal with Denmark and Greenland granting it control over Greenland's security. Danish and Greenlandic officials said the agreement preserves Greenland's sovereignty.
"At my direction, we worked with representatives of Denmark and Greenland to guarantee that the United States will FOREVER have the complete ability to do what is necessary in Greenland to secure and defend the security of Greenland, and the United States of America," Trump stated.
Critical Metals' Tanbreez project offers the West co...
|
|
|
|
|
|
|
|
|
|
|
21.09.26 - 20:18
|
Wall Street Turns Its Back On Consumer Stocks As Fuel Costs Soar And Yields Surge (ZeroHedge)
|
|
|
Wall Street Turns Its Back On Consumer Stocks As Fuel Costs Soar And Yields Surge
US gasoline prices near $4.44 a gallon at the pump, record diesel prices of $6.40 a gallon, and the Federal Reserve's interest-rate hike this week, its first since July 2023, are compounding pressure on household budgets and borrowing costs. Against that troubling backdrop, UBS warns that Wall Street is "turning more skeptical on consumer recovery."
UBS equity trader Mark Paski wrote in a note to clients on Wednesday about the gloomy environment for consumers that has placed renewed selling pressure on consumer stocks as Wall Street grows increasingly skeptical of a second-half earnings recovery, with recent management commentary pointing to persistent cost pressures and limited evidence of a meaningful rebound in demand.
"While part of the recent weakness can be attributed to higher crude prices and rates, the sharp sell-off across apparel, retail and restaurant names suggests investors are looki...
|
|
|
|
|
21.09.26 - 19:48
|
Stocks Climb on US-China Optimism, Copper′s AI Bppm (Bloomberg)
|
|
|
Get a jump start on the US trading day with Dani Burger and Michael Ball on "Bloomberg Open Interest." Stocks rally and oil drops as investors look to diplomacy, with President Trump and China's Xi Jinping preparing for a high-stakes White House meeting later this week.
Plus, inside Anthropic's new AI safety partnership with Accenture, and Wall Street's race to manage the risks and rewards of artificial intelligence.And legendary mining investor Robert Friedland joins us on why copper and rare earths are becoming the new front line in the US, China resource race. (Source: Bloomberg)...
|
|
|
|
|
21.09.26 - 19:06
|
Fertilizer Stocks Tumble As Trump Says "Working On Massive" Belarus Potash Deal (ZeroHedge)
|
|
|
Fertilizer Stocks Tumble As Trump Says "Working On Massive" Belarus Potash Deal
"The United States is working on a massive Deal with respect to the purchase of Potash from Belarus," President Trump wrote on Truth Social just before 11 a.m. ET.
Trump continued, "The pricing would be for substantially less than we are currently paying to Canada, very good news for our Farmers and Ranchers."
The immediate market impact: Intrepid Potash, CF Industries, and Mosaic shares fell to session lows.
Intrepid Potash: -4.6%
CF Industries: -3.5%
Mosaic: -4.5%
The move follows Trump slapping 50% tariffs on some Canadian goods last month after the US and Canada failed to reach a last-minute trade deal. However, the levies included significant exemptions for major Canadian imports such as oil, gas, and potash.
However, earlier, Russian news agency Interfax quoted Belarusian President Alexander Lukashenko as saying his country lacks the capacity to supply potash fertlizer to the...
|
|
|
|
|
|
|
|