It has been 12 months very impressive for the world’s leading miners. FTSE 350 Mining Index 156995, -0.22% – including diverse mining giants Rio Tinto RIO, -0.13%, BHP Group BHP, + 0.35%, Anglo American AAL, -0.23%, And Glencore Glen, -0.33% – According to the fact cassette,% returned% returned to shareholders …
Read More »Saudi Arabia will increase oil output amid recovery in prices
Saudi Arabia plans to increase its oil production next month, in contrast to the recent decline in large production, a sign of growing confidence in the recovery in oil prices, Kingdom advisers said. The world’s largest oil exporter surprised oil markets last month when it said it would cut crude …
Read More »The S&P 500 is on its best weekly track since early November
US stock futures rose on Friday to indicate that the S&P 500 is ready for its best week in three months, at the risk of investors that a fresh coronavirus-relief spending package will strengthen the economy. S&P 500-linked futures rose 0.4%, indicating that the broad market gauge could rise after …
Read More »Stock futures go ahead with Yellen’s testimony
U.S. The stock futures went ahead with several earnings representations and testimonies made by Janet Yellen in which she is expected to support higher coronavirus relief costs. Futures linked to the S&P 500 rose 0.6%, pointing to a rally after the opening bell. Those joining the Nasdaq-100 added 0.9%, suggesting …
Read More »‘Big Short’ investors say their big Tesla Short is getting ‘bigger and bigger’
Tesla TSLA, + 7.84% The short-sellers caught on the false end of the 38 38 billion hit in 2020 have suffered “the biggest annual mark-to-market loss ever seen by S3 Partners’ Ehor Dusanovsky.” One of the underwater in that trade: Michael Burri. U.S. The investor, best known for his earlier …
Read More »