• Are You Looking for a High-Growth Dividend Stock? Ritchie Bros. (RBA) Could Be a Great Choice
    Zacks

    Are You Looking for a High-Growth Dividend Stock? Ritchie Bros. (RBA) Could Be a Great Choice

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Ritchie Bros. (RBA) have what it takes? Let's find out.

  • MOD vs. OSK: Which Stock Should Value Investors Buy Now?
    Zacks

    MOD vs. OSK: Which Stock Should Value Investors Buy Now?

    MOD vs. OSK: Which Stock Is the Better Value Option?

  • AUD/USD Price Forecast – Australian Dollar Rallies to Kickoff Week
    FX Empire

    AUD/USD Price Forecast – Australian Dollar Rallies to Kickoff Week

    The Australian dollar has rallied to kick off the week as there’s been more of a “risk on” type of attitude out there. Initially gapping higher, the market pulled back to fill that gap and then took off to the upside.

  • Raytheon Technologies Begin Trading as Merger of Equals Closes
    Zacks

    Raytheon Technologies Begin Trading as Merger of Equals Closes

    Raytheon Technologies (RTX) is born as United Technologies' aerospace business and Raytheon Company combine. The resultant company will be one of the big players in the defense and government markets.

  • Raytheon Technologies Stock Rises 11%
    Investing.com

    Raytheon Technologies Stock Rises 11%

    Investing.com - Raytheon (NYSE:RTN) Technologies Stock rose by 11.05% to trade at $55.38 by 11:24 (15:24 GMT) on Monday on the NYSE exchange.

  • AUD/USD Forex Technical Analysis – Trader Reaction to .6098 Could Set Tone for the Week
    FX Empire

    AUD/USD Forex Technical Analysis – Trader Reaction to .6098 Could Set Tone for the Week

    Based on the early price action and the current price at .6050, the direction of the AUD/USD the rest of the session on Monday is likely to be determined by trader reaction to the uptrending Gann angle at .5990. This angle provided support earlier in the session.

  • AUD/USD and NZD/USD Fundamental Weekly Forecast – Conditions Going to Get Worse Before They Get Better
    FX Empire

    AUD/USD and NZD/USD Fundamental Weekly Forecast – Conditions Going to Get Worse Before They Get Better

    Given the massive fiscal and policy moves by their respective governments and central banks , there is likely to be enough stimulus in the system when the coronavirus pandemic ends, but no officials are able to tell businesses when that will be.

  • Asia-Pacific Currencies Pressured by Demand for Highly Liquid U.S. Dollar
    FX Empire

    Asia-Pacific Currencies Pressured by Demand for Highly Liquid U.S. Dollar

    The rout in the financial markets and near-certain global recession caused by the coronavirus pandemic, fueled a run on demand for the highly liquid U.S. Dollar.

  • The Week Ahead – COVID-19 and OPEC in Focus, with Economic Data on the Lighter Side
    FX Empire

    The Week Ahead – COVID-19 and OPEC in Focus, with Economic Data on the Lighter Side

    While it is a shortened week, with economic data on the lighter side, there is still plenty for the markets to focus on and OPEC and COVID-19 in particular.

  • As China Reopens, Africa’s Woes Threaten to Starve Its Factories
    Bloomberg

    As China Reopens, Africa’s Woes Threaten to Starve Its Factories

    (Bloomberg) -- On a typical workday, hundreds of thousands of men clad in overalls and carrying safety equipment and head lamps assemble at South Africa’s mine shafts. They crowd into cramped elevators to be lowered miles underground, where they hack at seams of gold or platinum and haul ore in intense heat and humidity. After hours of backbreaking labor, they return to the surface to shower in communal areas, and many share meals and bed down in crowded hostels.These aren’t typical days.South Africa on March 26 imposed a three-week lockdown to fight the coronavirus, confining millions in their homes and shuttering most businesses—including the mines that are the first link in a global supply chain that passes through smartphone factories in China and auto plants in Detroit, Turin, or Tokyo, and ends in stores and showrooms around the world.Even as Asia slowly reopens after its lockdown, factories there risk running short on supplies as the virus spreads to countries that produce vital raw materials. And nowhere is the problem a bigger issue than in Africa, which provides the metals and minerals needed for just about every industrial product, and where countries heavily reliant on trade with China have been suffering from a collapse in commodity prices.While the number of confirmed coronavirus cases across Africa remains low compared to other parts of the world—some 7,000 cases on a continent of 1.3 billion people—social distancing is a luxury the region can scarcely afford. Most governments lack the resources to enforce effective containment measures, and health systems risk buckling if the disease reaches Africa’s crowded shantytowns and slums.“For Africa, it will be much harder than you imagine,” said Auret van Heerden, chief executive officer of Equiception, a supply-chain consultancy in Geneva. “They’ve survived Ebola, they cope with malaria and tuberculosis, but I don’t think they’ve had anything quite this infectious.”The African mines that produce raw materials for factories across the globe are bracing for the arrival of the virus. In South Africa, Kumba Iron Ore Ltd., the continent’s largest iron-ore producer, and Anglo American Platinum Ltd. and Sibanye Stillwater Ltd., the world’s top platinum vendors, have curtailed most of their output. Chrome and manganese mines, which supply ingredients for steel, have been largely shuttered.In Luabala, a province of Democratic Republic of Congo that is a major provider of copper and cobalt used in rechargeable batteries, mines remain open but the work force has been limited to essential personnel to minimize the risk of contagion. Tenke Fungurume, a mine owned by China Molybdenum Co., has been put into isolation, with about 2,000 people ordered to stay on site and avoid “contact with the outside world,” according to a memo circulated to staff.Even facilities that keep producing risk interruptions in getting their goods to market. In the best of times, Africa’s transport networks are fragmented and inefficient, and its ports and customs services are notoriously slow. Today, most African countries have closed their borders, and several have limited internal travel or imposed lockdowns. While cargo is usually exempted from the restrictions, increased security controls, sanitation measures, and reduced staff at ports and railways threaten severe delays.Most copper and cobalt from Congo’s mines, for instance, moves via truck through Zambia and then to ports in South Africa and Tanzania. While cargo carriers can still cross into Zambia, new sanitation measures have led to 25-mile backups at the border.In Kenya, a dusk-to-dawn curfew has resulted in a pileup of goods at ports, driving up freight costs by almost a third, according to Dennis Ombok, chief executive of the Kenya Transporters Association, which represents truck-fleet owners. Even though essential goods are officially exempted, drivers are being harassed by police, Ombok said.“It’s taking up to three days to clear at the border between Kenya and Uganda,” he said. “The police need to tone down how they’re handling transporters. We’re carrying food and raw materials. These are essential.”In South Africa, the port of Durban, the busiest in sub-Saharan Africa and serving landlocked Zambia and Zimbabwe, limited operations to essential cargo, and police stopped all trucks carrying other goods for several days. On Thursday, the order was reversed to help ease massive congestion at the port. Amid the confusion, First Quantum Minerals Ltd., which accounts for more than half of Zambia’s copper production, says it has started making alternative shipping plans. At the main crossing between Zambia and Congo, more than 1,000 trucks carrying food, equipment, and supplies for mines had to queue last week after a partial lockdown came into effect. For now, Zambia has managed to convince the Mozambican government to allow trucks carrying fuel from the port of Beira to exit Mozambique, after they were held at the border. “With a crisis of this magnitude,” Zambian President Edgar Lungu warned last week, “we shall find ourselves under forced lockdown if all our neighbors shut their borders.”And global trade moves in many directions these days, so mines are facing potential shortages of crucial imports needed to keep operating as suppliers worldwide curtail production;  sulfuric acid, for instance, is critical in copper processing. Both Zambia and Namibia, which ships copper and uranium to China, have raised the alarm over looming shortages of key chemicals for their mines.“Most if not all our mining companies get inputs from China,” said Veston Malango, head of Namibia’s Chamber of Mines. “And we have not been able to do that.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • The Zacks Analyst Blog Highlights: Eli Lilly, Charter, Eaton, Autodesk and Cypress Semiconductor
    Zacks

    The Zacks Analyst Blog Highlights: Eli Lilly, Charter, Eaton, Autodesk and Cypress Semiconductor

    The Zacks Analyst Blog Highlights: Eli Lilly, Charter, Eaton, Autodesk and Cypress Semiconductor

  • Will Molina (MOH) Beat Estimates Again in Its Next Earnings Report?
    Zacks

    Will Molina (MOH) Beat Estimates Again in Its Next Earnings Report?

    Molina (MOH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • AUD/USD Weekly Price Forecast – Australian Dollar Pulls Back For the Week
    FX Empire

    AUD/USD Weekly Price Forecast – Australian Dollar Pulls Back For the Week

    The Australian dollar has initially tried to rally during the week but then broke down again as the 0.60 level looks very likely to act as a bit of a magnet for price.

  • AUD/USD Price Forecast – Australian Dollar Testing Major Figure
    FX Empire

    AUD/USD Price Forecast – Australian Dollar Testing Major Figure

    The Australian dollar initially tried to rally during the trading session on Friday, but then broke towards the crucial 0.60 level. At this point in time, I believe that the market is going to continue to see the Australian dollar asked questions of the global economy.

  • Defense Stock Roundup: LMT Wins Big Deal, RTN & UTX Get Final Nod for Merger
    Zacks

    Defense Stock Roundup: LMT Wins Big Deal, RTN & UTX Get Final Nod for Merger

    Among past week's highlights, a handful of defense majors won notable deals from Pentagon. However, coronavirus-led broader market turmoil affects share price performance of defense stocks.

  • T-Mobile Closes Sprint Merger: What's Next for Customers?
    Zacks

    T-Mobile Closes Sprint Merger: What's Next for Customers?

    Within six years, the new T-Mobile (TMUS) is likely to provide 5G service to 99% of U.S. citizens with average speed of above 100 Mbps to 90% of the population.

  • End Of Week Technical Take on Indexes, Metals, Currencies, Oil: April 3, 2020
    FX Empire

    End Of Week Technical Take on Indexes, Metals, Currencies, Oil: April 3, 2020

    See what to expect today and next week as we have some huge moves about to start up again.

  • How Does Atlas's (NYSE:ATCO) P/E Compare To Its Industry, After The Share Price Drop?
    Simply Wall St.

    How Does Atlas's (NYSE:ATCO) P/E Compare To Its Industry, After The Share Price Drop?

    Unfortunately for some shareholders, the Atlas (NYSE:ATCO) share price has dived 32% in the last thirty days. The...

  • AUD/USD Forex Technical Analysis – Weakens Under .6093, Strengthens Over .6098
    FX Empire

    AUD/USD Forex Technical Analysis – Weakens Under .6093, Strengthens Over .6098

    Based on the early price action and the current price at .6072, the direction of the AUD/USD the rest of the session on Friday is likely to be determined by trader reaction to the resistance cluster at .6093 to .6098.

  • Service Sector PMI and U.S Nonfarm Payrolls Put the EUR and USD in the Spotlight
    FX Empire

    Service Sector PMI and U.S Nonfarm Payrolls Put the EUR and USD in the Spotlight

    Nonfarm payrolls and service sector PMIs are in focus today. With the West in shutdown mode, both labor market numbers and PMIs are expected to be dire…

  • Top Analyst Reports for Eli Lilly, Charter Communications & Eaton
    Zacks

    Top Analyst Reports for Eli Lilly, Charter Communications & Eaton

    Top Analyst Reports for Eli Lilly, Charter Communications & Eaton

  • United Technologies Stock Falls 4%
    Investing.com

    United Technologies Stock Falls 4%

    Investing.com - United Technologies (NYSE:UTX) Stock fell by 4.32% to trade at $87.43 by 15:27 (19:27 GMT) on Thursday on the NYSE exchange.

  • AUD/USD Price Forecast – Australian Dollar Crashing Towards the Lows
    FX Empire

    AUD/USD Price Forecast – Australian Dollar Crashing Towards the Lows

    The Australian dollar initially tried to rally during the trading session on Thursday but gave back the gains to show signs of extreme negativity. At this point, the 0.60 level is trying to offer support, but given enough time it looks as if we will probably break through there.