U.S. Steel accused Cleveland-Cliffs of sabotaging a deal, but Cliffs presents evidence countering the claims and criticizes U.S. Steel's mismanagement. ArcelorMittal is testing a carbon capture unit, U.S. GoldMining prepares for field season, and Southern Copper's Tia Maria mine is expected to break ground.
Wall Street suffers a double blow in Thursday’s session, as softer-than-expected revenue forecasts from Meta Platforms Inc. (NASDAQ:META) are being compounded by weaker-than-expected economic growth and higher inflationary pressures last quarter, raising fears of a stagflation phase
As of April 17, 2024, two stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Copper prices rise on supply shortages and optimism about the broader economy, making it a leading economic indicator. Chinese economy and interest rates also play a role.