|Day's Range||4.80 - 4.80|
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of September […]
The United States Mexico Canada Trade Agreement is similar to the North American Free Trade Agreement, or Nafta, with a few important changes.
Cleveland-Cliffs surprised everyone with its plan to buy AK Steel. Whether investors like the transaction comes down to how they feel about Cleveland-Cliffs dynamic CEO Lourenco Goncalves.
News that Cleveland-Cliffs planned to buy AK Steel sent shares tumbling Tuesday, but the iron-ore miner may have hit a “home run” on the deal.
To further their case, they point out that the six candidates who have already qualified for the next Democratic debate are all white (though Andrew Yang and Tulsi Gabbard still have time to qualify, and Cory Booker and Deval Patrick have time to make inroads before the first primaries). Harris was just a victim of a demographically rigged system. It reinforces the impression that liberals remain way too enamoured with box-checking tokenism — at everyone’s expense, except Donald Trump’s. The main responsibility of a party should be to select the best presidential candidate it can on merit.
President Trump's latest hints at a delay in the U.S.-China trade agreement causes the yield on benchmark 10-year Treasury note to hit the lowest in the last four months.
Convertible bonds, which have been ignored by investors and Wall Street for years, may be worth a fresh look, asserts George Putnam, editor of The Turnaround Letter.
Consolidation is usually a good thing in commodity-producing industries. But steel stocks are getting hammered after Cleveland-Cliffs announced plans to buy AK Steel.
Cleveland-Cliffs Inc. announced its acquisition of AK Steel Holding Corp. (NYSE: AKS) Tuesday, and electric arc furnaces like the one at AK Steel’s Butler Works facility could be a primary driver of the deal. Richard Bourke, a Bloomberg Intelligence analyst who follows AK Steel, said the vertically integrated acquisition is intended to help Cliffs capture additional value across the steel supply chain. Cliffs president and CEO Lourenco Goncalves will lead the combined company, and AK Steel CEO Roger Newport will retire when the deal is finalized.
Iron ore miner Cleveland-Cliffs shocked the steel establishment with a surprise all-stock buyout of AK Steel. The move has AK Steel shares up in premarket trading while Cliffs shares are tumbling.
Steel producer stocks rallied Monday, to buck the selloff in the broader stock market, after President Donald Trump said he was bringing back tariffs on steel imports from Brazil and Argentina, as retaliation for currency devaluations.
Despite the benefits of steel tariffs, shares of most U.S. steel companies remain subdued this year as weak demand and prices hurt their earnings.
Investing.com - U.S. futures tumbled on Tuesday after President Donald Trump said that a trade deal with China may have to wait until after next year’s election.
The Brazilian government is in touch with the U.S. Trade Representative's office and other agencies about U.S. President Donald Trump's surprise decision to restore tariffs on Brazilian steel and aluminum, according to a source familiar with Brasilia's reaction. The source, who was not authorised to speak publicly, rejected the U.S. claim that the Brazilian government was manipulating its real currency, noting the central bank of Brazil had recently intervened to strengthen - not weaken - the real.
Brazil's main steel industry body said on Monday that it was "perplexed" by U.S. President Trump's decision to restore tariffs on Brazilian steel and aluminum, calling the move "retaliation" and saying that the Brazilian government was not artificially devaluing its real currency. In a statement, the body, known as Instituto Aco Brasil, said the decision ultimately hurts U.S. steelmakers who are dependent on Brazilian steel components for their operations.
Investing.com - Steel and mining companies were higher in midday trade on Monday after U.S. President Donald Trump said he was re-implementing steel tariffs on imports from Brazil and Argentina.
After entering office in 2017, the US president pressed ahead with an aggressively protectionist agenda, including 25 per cent levies on imported metals in early 2018 and an escalating tariff war with China. The upheaval to global commerce driven by Mr Trump has delivered a significant hit to the world economy, exacerbated geopolitical tensions with China, heightened volatility in global markets and angered allies in Europe, North America and Asia.
Investing.com - U.S. Steel (NYSE:X) slumped in midday trade on holiday-thinned volume Friday after reports that it was shutting down a furnace due to flooding.
While demand weakness is likely to continue, it remains to be seen if the recent recovery in steel prices is short-lived or more sustainable heading into 2020.
The Trump administration has decided to restore aluminum and steel tariffs on Brazil and Argentina. Both countries had exemptions from 25% steel and 10% aluminum tariffs last year. Independent Women's Forum Board Member and Former NY Congresswoman Nan Hayworth joins Yahoo Finance’s Zack Guzman and Brian Cheung to discuss on YFi PM.
President Trump announced he was 'restoring' tariffs on imports of steel and aluminum from Brazil and Argentina and accelerating a trade war on another front. Yahoo Finance's Julie Hyman, Adam Shapiro, Jessica Smith, Brian Cheung and Heidi Chung discuss.