U.S. equities tumbled as investors took in new data signaling a slowdown in China and a report that showed an unexpected rise in U.S. crude stockpiles, fuelling concerns of a global oil surplus. The S&P 500 Index and the Dow Jones…
The benchmark price for metallurgical coal has dropped to a multi-year low of US$119 per tonne, and Moody’s Investors Service doesn’t see much relief for met coal producers until the second half of 2016. In the meantime, it warns,…
U.S. equities gained as the American economy showed signs of improvement.
U.S. equities ended the choppy trading week in negative territory. The Dow Jones Industrial Average fell 164 points to 16,380.41, despite a late partial recovery that snapped a six-day losing streak on the back of strong earnings reports.
The gold price faltered despite rising geopolitical tension across Europe, and down with it went the Dow Jones Industrial Average, which lost 139.61 points over the week to close at 16,960.57. The S&P 500 fared better, closing almost even…
U.S. equities ended the trading week down with the Dow Jones Industrial Average slipping 0.1%, or 16.82 points, to 13,992.97, putting an end to its five weeks of gains.
U.S. equities ended the Feb. 4–8 trading week down with the Dow Jones Industrial Average slipping 0.1% or 16.82 points to 13,992.97, putting an end to five weeks of gains.
GDP growth in the U.S. increased at an annual rate of 2% in the third quarter, up from 1.3% in the second quarter, but earnings disappointments from a slew of U.S. multinational companies, including Apple, and worries about slowing…
Toronto Stock Exchange
It was one of the worst weeks on Wall Street so far this year. Ahead of key elections in Europe that threatened to derail advocates of tough austerity measures in France and Greece, U.S. payroll data showed that hiring in the U.S. slowed for a…
British Columbia and Alberta coal producers have accused a federal Crown corporation of “putting American jobs ahead of Canadian jobs” after St. Louis-based Arch Coal (ACI-N) announced a five-year deal to ship Powder River basin coal from the…
The Big fish Alpha Natural Resources (ANR-N) is using the attractive valuations created by the recession to get even bigger with a friendly all-stock takeover bid for Foundation Coal Holdings (FCL-N).
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