Gold Prices Plunge to Seven-Week Low
On Tuesday, October 3, Gold sank as low as $1,271, marking its lowest level since August 9. But it gets worse: some strategists see the metal falling even further.
“The fundamentals for gold in … Read
United States Steel Plans to Drastically Boost Automotive Output, Joins $400 Deal with Japanese Partner
Partners Kobe Steel Ltd, Japan’s No. 3 steelmaker, and United States Steel Corporation (NYSE:$X) said in an official statement on Tuesday that their U.S. joint venture will spend more than $400 million to boost output …
A Look At AK Steel’s Position In Today’s Coal Market
A fundamental competitive advantage of AK Steel (NASDAQ:$AKS) is its immunity to short-term fluctuations in coal prices. Why? The company purchases all of its coal under annual contracts.
Similarly, U.S. Steel Corporation (NASDAQ:$X) …
Gold Prices Momentarily Surpass $1,300 an Ounce Before Pulling Back to Settle Lower
Gold prices have been fluctuating today. On Friday, August 18, prices of the metal reached their highest intraday level of 2017, momentarily surpassing $1,300 an ounce before pulling back to settle lower for the trading …
Cliffs Natural Resources Goes Back to Cleveland-Cliffs Inc.
For those who missed it, Cliffs Natural Resources, Inc. (NYSE:$CLF) announced yesterday that it has decided to change its name back to its historical moniker, Cleveland-Cliffs, Inc.
Headquartered in Cleveland, Ohio, Cliffs Natural …
Gold Futures Just Reached Their Sharpest Daily Increase Since Mid-May
If you’re thinking about getting into gold investing, today’s news might be just the push you needed to get started. On Wednesday, gold futures reached their sharpest daily rise since mid-May, amid tension between the …
The Latest Comments From President Trump Caused This Analyst to Downgrade U.S. Steel and AK Steel
On July 26, United States Steel Corporation shares increased 7.2% following the release of the company’s second-quarter earnings. For a while there, investors were feeling extremely optimistic about the stock. However, thanks to the latest …
Johnson Controls Met Fiscal Third Quarter Forecasts and Increased Their Guidance
On Thursday, Johnson Controls International plc (NYSE:$JCI) reported adjusted earnings of 71 cents per share in the fiscal third quarter, which ended on June 30, 2017. These results were in line with the Zacks Consensus …
U.S. Steel’s Quarterly Results Top Wall Street Estimates
In Tuesday’s extended trading session, U.S. Steel Corp. (NYSE:$X) saw its shares skyrocket after the company’s quarterly results topped Wall Street estimates.
The shares of the Pittsburgh-based company rallied 10% to …
AK Steel Holding Corporation Stock Skyrocketed Today After Releasing its Q2 Earnings Report
AK Steel Holding Corporation (NYSE:$AKS) released its Q2 earnings report today, and the stock went flying.
When looking at the Q2 earnings report, we can see that the company reported earnings per share …