Fortescue Metals Group Reports Profit Decline and CEO Departure
Fortescue Metals Group announced on Monday that its metals business CEO, Fiona Hick, has stepped down after just six months in the role. This unexpected departure comes as the company…
Cleveland-Cliffs Closer to Acquiring United States Steel
Cleveland-Cliffs is making steady progress towards its goal of acquiring United States Steel (ticker: X), positioning itself at the forefront of the domestic steel industry. During the past week, Esmark,…
POSM Plant Restart in September
According to market sources, LyondellBasell and Covestro are set to restart their jointly owned propylene oxide styrene monomer (POSM) plant in Maasvlakte, the Netherlands, in the second half of September.…
Growth in Services Activity in Middle of U.S.
According to a recent survey by the Federal Reserve Bank of Kansas City, services activity in the middle of the U.S. remained relatively steady in August. While the composite index…
Concerns About the Future of the Economy
A recent survey of consumer sentiment reveals that Americans are expressing more concerns about the future of the economy, despite the sentiment hanging close to a two-year high in August.…
Workday Reports Strong Quarterly Results and Raises Outlook
Workday, the human-resources software provider, has announced its solid quarterly results and an optimistic outlook for the future. Analysts have responded by increasing their stock price targets, citing strong demand…
YTL Power International Bhd. Shares Surge on Strong Q4 Earnings
YTL Power International Bhd. shares experienced a significant boost in early Friday trading, driven by optimism surrounding the company's outlook following the release of impressive fiscal fourth-quarter earnings. Strong Financial…
Producers of Metals and Raw Materials Face Challenges
Gold futures experienced a decline following a four-day winning streak, as traders eagerly await a speech on Friday from Federal Reserve Chairman Jerome Powell. This anticipated speech has left many…
Canadian Bank Earnings Drive Market Movement
Canadian bank third-quarter earnings have been in focus as the Toronto stock market experienced modest declines today. Royal Bank of Canada (RBC) exceeded expectations, while Toronto-Dominion Bank (TD Bank) missed.…
Valero Energy Refinery in Corpus Christi Experiences Disruptions
Valero Energy has reported that its oil refinery in Corpus Christi, Texas faced operational disruptions as a result of Tropical Storm Harold, leading to higher than normal emissions. During the…
Dollar Tree Faces Pressure on Profits from Inventory Loss
Dollar Tree, the discount retailer (ticker: DLTR), has joined the list of retailers feeling the squeeze on profits due to inventory loss. In its second-quarter earnings report, Dollar Tree revealed…
Anglo-Eastern Plantations Faces Profit Drop
Anglo-Eastern Plantations Faces Profit Drop in First Half of Year In the first six months of the year, Anglo-Eastern Plantations saw a decline in pretax profit due to the weaker…
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